PETALING JAYA: Affin Hwang Capital slashed its target price on Sime Darby Bhd
on weaker profit outlook despite a projected increased in the selling price of crude palm oil (CPO) this year on worries that production at Sime Darby’s estates will be disrupted by freak weather pattern and higher labour cost.
Shares in Sime Darby declined 17 sen yesterday to RM7.40 after falling 50 sen on Tuesday.
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