CGS-CIMB Research keeps Add for Sime Darby Property but lower TP

Sime Darby Property HQ in Ara Damansara

KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add recommendation for Sime Darby Property due to its solid balance sheet and stronger sales momentum but lowered the target price.

It said on Thursday it had reduced its FY20-21F EPS by 5%-13% to reflect the changes in project revenue recognition and JV contribution.

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Sime Darby Property , CGS-CIMB Research , target price , solid balance sheet , stronger sales momentum

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Market Summary

FBM KLCI

1519.99

1.88

0.12%

Vol ('00)

28,399,459

FBMKLCI
Day's Range

Low

1512.26

High

1521.38
52 Weeks Range

Low

1386.63

High

1685
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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-PWHC 0.185 0.185 0.150 0.155 -0.025-13.892,097,442
    HSI-CWGA 0.090 0.100 0.080 0.095 0.0000.001,736,789
    HSI-PWFZ 0.210 0.210 0.180 0.180 -0.025-12.201,530,148
    HSI-CWEY 0.200 0.235 0.200 0.235 0.0156.82932,049
    HSI-CWEZ 0.100 0.115 0.095 0.115 0.0054.55904,144
    HSI-PWF1 0.070 0.070 0.060 0.070 -0.005-6.67587,254
    MYEG 0.950 0.950 0.920 0.930 -0.025-2.62506,417
    HSI-CWC6 0.135 0.160 0.115 0.150 -0.005-3.23439,016
    ECOSHOP-CJ 0.095 0.100 0.095 0.100 0.0000.00426,836
    HSI-CWGB 0.165 0.195 0.160 0.185 0.0052.78395,652
    TANCO 0.960 0.960 0.940 0.955 -0.005-0.52386,380
    ECOSHOP-CH 0.025 0.030 0.025 0.030 0.00520.00330,702
    TRIVE 0.015 0.020 0.015 0.015 0.00550.00290,991
    NEXG 0.345 0.360 0.335 0.355 0.0051.43263,196
    VELESTO 0.190 0.195 0.185 0.190 0.0052.70256,303

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