Australian operations a positive for Sime Darby

TA Research has maintained its earnings forecast for Sime Darby for financial year 2023, but cut its forecast by 5% for FY24 as it expects sales in China to be weaker.

PETALING JAYA: Sime Darby Bhd is expected to be negatively impacted by pricing pressures in China for its motor division and lower demand for industrial equipment as well as higher finance cost, leading analysts to cut their earnings expectations for the conglomerate.

TA Research has maintained its earnings forecast for Sime Darby for financial year 2023 (FY23), but cut its forecast by 5% for FY24 as it expects sales in China to be weaker.