KUALA LUMPUR: CGS-CIMB Equities Research remains positive on Sime Darby Property and is maintaining its target price of 85 sen due to its solid balance sheet and strategic land bank.
It said on Tuesday its TP of 85 sen is based on 0.6 times FY21F price-to-book value (P/BV) (-one standard deviation from its three-year mean P/BV).
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