The A$104mil, or circa RM327mil, acquisition will complement and strengthen Sime Darby’s existing business in Australia and reinforce its presence in the Asia Pacific in terms of value chain offering.
PETALING JAYA: Sime Darby Bhd
’s recent acquisition of Salmon Earthmoving Holdings is seen as a further diversification of its business and an entry into the construction industry in Australia.
In view of this, Sime Darby deserves a second look as an investment proposition, said TA Research, which tagged a “buy call” on the counter with an unchanged target price of RM2.92 per share.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
