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  5. Sime Darby Plantation Berhad
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    SIMEPLT   MYL5285OO001

SIME DARBY PLANTATION BERHAD

(SIMEPLT)
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World's Largest Palm Oil Producers Rally on Tight Supply

10/06/2021 | 02:15am EST

By Chester Tay

Shares of some of the world's largest palm oil producers jumped as prices of the edible oil look set to hit another record high Wednesday.

Shares of Sime Darby Plantation Bhd., the world's largest palm oil company by planted area, was up 13% in late-afternoon trading in Asia, while Kuala Lumpur Kepong Bhd., IOI Corp. Bhd. and FGV Holdings Bhd. gained 8.1%, 6.1% and 5.0%, respectively.

Other major players such as Golden Agri-Resources Ltd. and Wilmar International Ltd. added more than 8.0% and 4.0%, respectively.

The share-price gains come as crude palm oil is on track to close at a record high for a third consecutive day. Phillip Futures senior commodities manager Avtar Sandu attributed the strength to tight supply, low production and a recent surge in exports to major buyers India and China ahead of holidays in both countries.

Prices of palm oil trading in Malaysia have risen 7.7% this week, with prices for the benchmark three-month contract rising more than 32% this year.

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

(END) Dow Jones Newswires

10-06-21 0415ET

Stocks mentioned in the article
ChangeLast1st jan.
FGV HOLDINGS BERHAD 0.00% 1.46 End-of-day quote.14.06%
GOLDEN AGRI-RESOURCES LTD 4.44% 0.235 End-of-day quote.47.80%
IOI CORPORATION BERHAD 1.08% 3.74 End-of-day quote.-14.42%
KUALA LUMPUR KEPONG BERHAD 1.07% 20.82 End-of-day quote.-12.08%
PT ASTRA AGRO LESTARI TBK -1.02% 9725 End-of-day quote.-21.10%
SIME DARBY PLANTATION BERHAD 1.61% 3.79 End-of-day quote.-24.05%
WILMAR INTERNATIONAL LIMITED 0.74% 4.09 End-of-day quote.-12.04%
All news about SIME DARBY PLANTATION BERHAD
11/24Sime Darby Plantation Berhad Announces Production Results for the Month of October 2021
CI
11/18SIME DARBY PLANTATION BERHAD : Q3FY2021 Analyst Briefing
PU
11/18Sime Darby Plantation Berhad Announces Production Results for the Third Quarter and Nin..
CI
11/18Sime Darby Plantation Berhad Reports Earnings Results for the Third Quarter and Nine Mo..
CI
11/18Sime Darby Plantation third-quarter profit soars 73% on palm oil strength
RE
11/18SIME DARBY PLANTATION BERHAD : 3Q FY2021 Net Profit triples to RM610 million
PU
11/04U.S. bans imports from fifth Malaysian firm in 15 months over alleged forced labour
RE
11/01Edenor Technology Sdn Bhd completed the acquisition of Emery Oleochemicals (M) Sdn Bhd ..
CI
10/22Sime Darby Plantation Berhad Announces Production Results for the Month of September 20..
CI
10/21SIME DARBY PLANTATION BERHAD : On Track to 40% Carbon Emission Reduction by 2030 with Biog..
PU
More news
Financials
Sales 2021 17 329 M 4 103 M 4 103 M
Net income 2021 2 329 M 551 M 551 M
Net Debt 2021 5 749 M 1 361 M 1 361 M
P/E ratio 2021 11,3x
Yield 2021 4,50%
Capitalization 26 211 M 6 195 M 6 205 M
EV / Sales 2021 1,84x
EV / Sales 2022 1,95x
Nbr of Employees 85 000
Free-Float 27,2%
Chart SIME DARBY PLANTATION BERHAD
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Sime Darby Plantation Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIME DARBY PLANTATION BERHAD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 3,79 MYR
Average target price 4,68 MYR
Spread / Average Target 23,5%
EPS Revisions
Managers and Directors
Mohamad Helmy bin Othman Basha Group Managing Director & Director
Renaka Ramachandran Chief Financial Officer
Najmuddin bin Khas Non-Independent Non-Executive Chairman
Harikrishna Kulaveerasingam Chief Research & Development Officer
Adi Wara Abdul Razak Chief Operations Services Officer
Sector and Competitors
1st jan.Capi. (M$)
SIME DARBY PLANTATION BERHAD-24.05%6 195
IOI CORPORATION BERHAD-14.42%5 497
AAK AB (PUBL.)10.06%5 124
GOLDEN AGRI-RESOURCES LTD47.80%2 175
FIRST RESOURCES LIMITED16.41%1 713
PT ASTRA AGRO LESTARI TBK-21.10%1 296