Commenting on Sime Darby Property’s long-term strategy to strengthen recurring income base, RHB Research applauded management’s plans to set up a portfolio of investment properties so that the recurring income stream will mitigate the fluctuations in development earnings in the future.
KUALA LUMPUR: RHB Research is upbeat on Sime Darby Property
’s long-term strategy to strengthen the recurring income base.
It had on Friday maintained its buy call with unchanged 75 sen target price, 14% upside and c.2% yield.
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