KUALA LUMPUR: Sime Darby Bhd is expected to perform better in the current financial year ending June 2017, should palm oil prices continue to rise upwards. Incidentally, Sime Darby is the world’s largest listed oil palm planter with more than a million hectares in landbank. Malaysian Rating Corp also noted recovery in palm oil prices to around RM2,600/MT levels in recent months bodes well for Sime Darby. Separately, Ng added that she is positive of Sime Darby’s continued initiative to unlock the value of its assets. Ng maintained a ‘Hold’ call and fairly values that Sime Darby’s shares can rise further to RM8.20.

Source: New Strait Times November 02, 2016 10:39 UTC