Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Sime Darby Plantation    SIMEPLT   MYL5285OO001

SIME DARBY PLANTATION

(SIMEPLT)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Sime Darby Plantation : Malaysian plantation firm charters flight for Bangladeshi workers amid labour crunch

04/08/2021 | 07:19am EDT
FILE PHOTO: A general view of the Sime Darby Plantation headquarters in Petaling Jaya

KUALA LUMPUR (Reuters) - Malaysia's Sime Darby Plantation on Thursday brought back over 100 migrant workers from Bangladesh as part of a pilot scheme to overcome labour shortages caused by the coronavirus pandemic and a freeze on recruitment of new foreign workers.

Sime Darby told Reuters in an email that the scheme was being "conducted in collaboration with the Malaysian government to put return-to-work plans in motion in a controlled and safe manner."

Malaysia relies on some 2 million documented foreign workers - mainly from Bangladesh, Indonesia and Nepal - to work in factory and plantation jobs which are shunned by locals who regard them as dirty, dangerous and difficult.

Many companies have faced labour shortage, however as a result of border closures a year ago to stem the spread of the coronavirus and a ban since the middle of last year on hiring new foreign labour in order to protect jobs for Malaysians.

Sime Darby, world's largest palm oil producer by land size, said it had chartered a flight to bring back 123 Bangladeshi employees who went to home before the pandemic and were unable to return to Malaysia when borders closed.

All COVID-19 procedures, including a seven-day quarantine, were followed to ensure workers return to work safely, the company said, adding that it was bearing all the costs.

The Home Ministry and Human Resources Ministry did not immediately respond to a request for comment.

(Reporting by Mei Mei Chu; Editing by Simon Cameron-Moore)

By Mei Mei Chu


© Reuters 2021
All news about SIME DARBY PLANTATION
04/08SIME DARBY PLANTATION  : Malaysian plantation firm charters flight for Banglades..
RE
03/16SIME DARBY PLANTATION  : Malaysia's Sime Darby Plantation drops lawsuit against ..
RE
03/13SIME DARBY PLANTATION  : NGO exits Sime Darby Plantation rights panel over compa..
RE
03/13SIME DARBY PLANTATION  : NGO exits Sime Darby Plantation rights panel over compa..
RE
03/11Malaysia's securities panel probes Sime Darby Plantations after U.S. import b..
RE
02/18SIME DARBY PLANTATION  : Swings to Profit in Fourth Quarter 2020
MT
02/18Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices
RE
02/08Buyers shun major Malaysian palm oil producers after forced labor allegations
RE
01/14Planters say anti-palm oil campaigns hinder sustainability shift
RE
2020U.S. blocks palm oil imports from Malaysia's Sime Darby over forced labour al..
RE
More news
Financials
Sales 2020 13 435 M 3 257 M 3 257 M
Net income 2020 989 M 240 M 240 M
Net Debt 2020 7 460 M 1 809 M 1 809 M
P/E ratio 2020 34,2x
Yield 2020 2,14%
Capitalization 31 187 M 7 572 M 7 561 M
EV / Sales 2020 2,88x
EV / Sales 2021 2,55x
Nbr of Employees 88 000
Free-Float 26,4%
Chart SIME DARBY PLANTATION
Duration : Period :
Sime Darby Plantation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIME DARBY PLANTATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 5,48 MYR
Last Close Price 4,53 MYR
Spread / Highest target 47,9%
Spread / Average Target 21,0%
Spread / Lowest Target 8,17%
EPS Revisions
Managers and Directors
NameTitle
Mohamad Helmy bin Othman Basha Group Managing Director & Director
Renaka Ramachandran Chief Financial Officer
Najmuddin bin Khas Chairman
Harikrishna Kulaveerasingam Chief Research & Development Officer
Adi Wara Abdul Razak Chief Operations Services Officer
Sector and Competitors
1st jan.Capitalization (M$)
SIME DARBY PLANTATION-9.22%7 572
IOI CORPORATION-5.49%6 279
AAK AB (PUBL.)20.90%6 085
GOLDEN AGRI-RESOURCES LTD32.08%1 997
FIRST RESOURCES LIMITED16.41%1 761
PT ASTRA AGRO LESTARI TBK-19.07%1 317