PETALING JAYA: CGS International Research (CGSI Research) has raised its rating for Sime Darby Bhd
from a “hold” to “add” as it sees the group’s acquisition of UMW Holdings Bhd being earnings-accretive and a good de-risking strategy.
The research firm has a RM3.06 target price on the stock up from RM2.18 before based on 12.8 times the company’s 2025 price earnings ratio.
