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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!