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Corporate News 28 May 2018 | 12:39 AM

CIMB Research cuts Sime Darby’s earnings outlook, lowers target price

KUALA LUMPUR: CIMB Equities Research has cut its earnings per share for Sime Darby for FY18 to FY20 by between 2% and 9% to reflect a lower profit before interest and tax (PBIT) margin in the industrial division due to a reduction in service and maintenance jobs.