Sime Darby to focus on industrial segment, UMW consolidation

KUALA LUMPUR: Moving forward into the second half of its financial year (2HFY24), Sime Darby Bhd is expected to continue to leverage its industrial segment as well as the consolidation of UMW Holdings Bhd.

Hong Leong Investment Bank (HLIB) Research said in a post-results update that earnings can be expected to be sustained in FY24, underpinned by the high orderbook of RM4.2bil.