Aggressive price war in China to affect Sime Darby’s car sales

RHB Research said Sime Darby's Malaysia motor segment is expected to remain resilient, driven by a series of new EV launches.

PETALING JAYA: Analysts are mostly upbeat about Sime Darby Bhd’s prospects for the financial year 2024 (FY24).

According to RHB Research, the group’s latest core profit of RM325mil in the first quarter of FY24 (1Q24) has beaten both its and consensus expectations at 27% of full year FY24 forecasts.