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KUALA LUMPUR: Sime Darby Bhd posted a net profit of RM633mil in the second quarter ended Dec 31, 2020, more than twice the net profit of RM282mil in the previous corresponding quarter due to a stake sale in Tesco Malaysia and improved contribution from the motors division.
PETALING JAYA: Sime Darby Bhd has launched a coffee table book to commemorate its 110th anniversary and illustrate its evolution from the group’s humble beginnings to its transformation into a multinational with operations in Malaysia, China, Australia and other parts of the world.
Stronger recovery expected this year despite MCO 2.0
KUALA LUMPUR: Ramsay Sime Darby Health Care Sdn Bhd has picked arrangers for an initial public offering in Malaysia that could raise about US$300mil, according to people with knowledge of the matter.
KUALA LUMPUR: New vehicle sales in the country are expected to hit close to 600,000 units in 2021, fuelled by the sales and service tax (SST) exemption effect and new launches, according to Maybank Investment Bank (IB) Research
No conclusion yet on plan to acquire ICE Petroleum
Jining ops contributes less than 1% to its yearly earnings
KUALA LUMPUR: Kenanga Research has maintained its "buy" recommendation and slightly raised its earnings outlook on Sime Darby Bhd following news of its stake sale in Jining Port Companies.