Sime Darby’s China motor ops forecast to face challenges

HLIB Research said the group’s China motor segment has been affected by price discounts amid high inventory levels.

PETALING JAYA: Sime Darby Bhd’s motor business in China is expected to continue facing headwinds, according to Hong Leong Investment Bank (HLIB) Research.

The research house, which had attended a management update with the company, said the group’s China motor segment has been affected by price discounts amid high inventory levels.