Sime Darby Property well-positioned for growth

HLIB Research said SDP has turned more upbeat now as opposed to early 2023.

PETALING JAYA: As one of the largest developers of industrial property in the country, Sime Darby Property Bhd (SDP) is well-positioned to capitalise on the thriving industrial segment, which is benefiting from strong foreign direct investments (FDIs).

In a note to clients, Hong Leong Investment Bank Research (HLIB Research) said SDP’s industrial contribution now accounted for about 33% of group sales for the nine-month period of 2023, from zero contribution in 2019.