KUALA LUMPUR (Sept 12): CIMB Investment Bank Bhd said Sime Darby Bhd is CIMB's preferred pick in Malaysia's plantation sector, as Sime Darby's share price may be rerated on higher commodity prices. Ng said CIMB has a target price (TP) of RM10 for Sime Darby shares with an "add" call. At 10:23am, Sime Darby shares were traded at RM9.13, for a market value of RM62.16 billion. Hong Leong Investment Bank Bhd analyst Chye Wen Fei said its top plantation sector picks are Sime Darby and United Malacca Bhd. August palm oil stockpile rose 8.79% to 1.94 million tonnes, from 1.79 million tonnes in July, according to MPOB.

Source: The Edge Markets September 12, 2017 03:22 UTC