Motor division, higher coal prices to boost Sime Darby

Sime Darby believes Salmon Australia provides a good opportunity to complement its industrial equipment division.

KUALA LUMPUR: CGS-CIMB Equities Research sees better-than-expected margin delivery by the motor division and higher coking coal prices as potential catalysts for Sime Darby.

In its report on Thursday, it is retaining its add rating for Sime Darby with an unchanged RM2.80 sum-of-parts based target price.