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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Sime Darby    SIME   MYL4197OO009

SIME DARBY

(SIME)
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Sime Darby : First-Quarter Net Profit Rose 14% on Stronger Vehicle Sales in China

11/26/2020 | 12:34am EST

By Chester Tay

Sime Darby Bhd.'s net profit for its fiscal first quarter ended Sep. 30 grew 14% compared with the same period a year earlier, thanks to stronger vehicle sales in China while results from its Singapore operations also improved due to higher sales of BMW vehicles.

Net profit rose to 281.0 million ringgit ($68.7 million), while revenue grew 15% to MYR10.88 billion, the diversified conglomerate said in a stock exchange filing on Thursday.

The group said the recovery in motor vehicle sales has generally been strong although there remains a risk of resurgence in Covid-19 cases.

Also, Sime Darby noted the risk of disruptions to supply chains that could limit sales as there may not be sufficient inventory for certain new models.

The impact of the coronavirus outbreak in the remaining months of the financial year cannot be accurately estimated at this juncture as there is still uncertainty in the timing of vaccine administration and the possible risk of resurgence in Covid-19 cases, it said.

However, the group said based on the latest results, it is cautiously optimistic its financial performance for the remaining of current fiscal year would be satisfactory.

Write to Chester Tay at chester.tay@wsj.com

(END) Dow Jones Newswires

11-26-20 0033ET

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 0.69% 71.28 Delayed Quote.-1.99%
SIME DARBY -0.43% 2.34 End-of-day quote.1.30%
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Financials
Sales 2021 39 158 M 9 721 M 9 721 M
Net income 2021 1 137 M 282 M 282 M
Net Debt 2021 1 343 M 333 M 333 M
P/E ratio 2021 14,8x
Yield 2021 4,46%
Capitalization 15 918 M 3 935 M 3 952 M
EV / Sales 2021 0,44x
EV / Sales 2022 0,40x
Nbr of Employees 20 920
Free-Float 37,0%
Chart SIME DARBY
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Technical analysis trends SIME DARBY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 2,69 MYR
Last Close Price 2,35 MYR
Spread / Highest target 48,9%
Spread / Average Target 14,3%
Spread / Lowest Target -5,11%
EPS Revisions
Managers and Directors
NameTitle
Jeffri Salim Davidson Group Chief Executive Officer & Director
Samsudin bin Osman Chairman
Encik Mustamir Mohamad Group Chief Financial Officer
Hai Peow Goh Group Chief Information & Digital Officer
Selamah binti Sulaiman Independent Non-Executive Director
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1st jan.Capitalization (M$)
SIME DARBY1.73%3 952
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