PETALING JAYA: Analysts are neutral on Sime Darby Bhd’s latest A$112mil (RM321mil) acquisitions of three luxury car dealerships in Australia, given that its earnings contribution to the group will be less than 1%.
Kenanga Research, which maintained its “market perform” call on the counter, said the group’s motors operation, as well as its port business, will continue to be impacted by strong competition.
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