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Analyst Reports

Analysts share mixed views on Sime Property land purchase

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KUALA LUMPUR: Analysts are of mixed minds over Sime Darby Property Bhd's recent acquisition of agriculture land from Sime Darby Bhd in Malaysia Vision Valley (MVV) in Labu, Negeri Sembilan.

The property group announced in a filing with Bursa Malaysia yesterday that it had exercised a call option agreement by acquiring 760.12 acres of freehold land in the area for RM280mil in what is considered a related-party transaction.

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Maybank IB Research , Kenanga Research , Sime Darby Property , Sime Darby , Malaysia Vision Valley , Property

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