Maybank IB said it is not making any changes to its estimates for SD Guthrie’s earnings next year.
PETALING JAYA: SD Guthrie Bhd
’s move to raise its equity stake in Eco Business Park 8 Sdn Bhd (EBP8) from 25% to 45% is expected to translate into a bigger share of the joint-venture development’s profits in the future, albeit at the cost of a smaller estimated land disposal gain in the near term, analysts say.
Maybank Investment Bank Research (Maybank IB) said with SD Guthrie raising its equity stake in EBP8 in Kulai, Johor, from 25% to 45%, it expects a smaller estimated land disposal gain of RM364mil (from RM526mil) to be recognised in the second half of next year (2H26), with the rest deferred to future years.
