SimeProp to gain from tech wave


PETALING JAYA: Sime Darby Property Bhd is in a good position to benefit from the technology investment inflows to Malaysia, thanks to its ample land bank and robust balance sheet.

According to RHB Research, the property company could see further upside potential from Google’s recent announcement of its US$2bil investment in the country, noting the market has not fully priced in the positive effect from the US tech giant’s investment.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sime Darby Property , property , investment

Next In Business News

Oil heads for first weekly gain in three as US-Iran tensions brew
Bursa Malaysia lower at midday amid hawkish US Fed cues
I-Bhd delivers higher FY25 earnings of RM55.74mil
Malaysia's Jan exports jump 19.6% as E&E demand climbs
Nestle Malaysia rises on ice cream business sale talk
Stocks dip and oil climbs as Trump ramps up Iran threats
Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Nestle to explore sale of ice cream business

Others Also Read