Sime Darby auto market share, earnings to grow on UMW acquisition

KUALA LUMPUR: Analysts are revising their projections for Sime Darby Bhd following its takeover of UMW Holdings Bhd, which has been suspended from trading on Bursa Malaysia effective today.

Kenanga Research, which maintained its "outperform" recommendation on the share, raised its FY24-25 net profit forecasts on Sime Darby by 2% and 14% respectively, on earnings enhancement from UMW's acquisition.