KUALA LUMPUR: The disposal of Eastern & Oriental Bhd
(E&O) by Sime Darby Bhd's subsidiary Sime Darby Nominees Bhd is a positive move as it is a non-core asset and will have little earnings impact on the group, said Kenanga Research.
"Based on SIME’s recent 6MFY21 results, E&O contributed share of profit at RM12m, or 1% of our FY21E CNP, which has fairly minimal impact to the group earnings and NTA position (less than 1.0 sen)," it said in a note.
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