Sime Darby sets sights on higher equity returns

CIMB Research noted that the group was focused on improving its financial performance despite headwinds.

PETALING JAYA: Sime Darby Bhd is targeting a higher return on equity (ROE) of 11% within the next five years, up from 7.2% in the financial year ended June 30, 2024 (FY24), as it seeks to optimise working capital, streamline its portfolio and enhance cost efficiencies.

The group remains optimistic about its prospects, underpinned by Asia-Pacific’s consumption growth and a more balanced portfolio following the integration of UMW Holdings Bhd.