热门标签

环球国际娱乐网址多少:Sime Darby's earnings to stay resilient amid challenges

时间:1周前   阅读:2   评论:2

幸运哈希源码www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

KUALA LUMPUR: RHB Research said Sime Darby Bhd's FY22 earnings came in better than forecast as both motor and industrial business segments outperformed its expectations.

For the recently concluded financial year, Sime Darby's profit came in at RM1.2bil, which beat RHB's and street's forecasts at 109% and 106% of full-year estimates respectively, on the back of stronger-than-expected margins.

"Even amidst macroeconomic challenges in the recent months, Sime’s motor and industrial segments have fared well, which we expect to continue into the future," said the research firm in a results report.

Moving forward, RHB said it expects the China motor sales to weather through the various lockdowns, as it did in 4QFY22.

In Australasia, the industrial segment should remain resilient despite softening MET coal prices as miners head to the service workshops, where they earn higher margins than from new mining equipment sales.

"We marginally lift FY23F earnings by 1% and introduce FY25F net profit of MYR1.47bil, implying 6% YoY growth. We lift FY23F-FY24F DPS to 12-12.5 sen from 10 sen each," it said.

RHB added there could also be an additional 12 sen dividend in FY23 if Sime Darby distributes half of the Weifang Port disposal proceeds of RM1.62bil as special dividends, bringing total yeild to 10.4%.

Proceeds from the potential healthcare asset disposal could also provide further upside to FY23 dividend and yield, it added.

,

环球国际娱乐网址多少www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

,

For FY25, it forecast a dividend per share of 13 sen.

Reiterating its "buy" call on the counter, RHB rolled forward its valuation to FY23 and raised its target price to RM2.75 from RM2.60 previously.

Meanwhile, Hong Leong Investment Bank (HLIB) Research said Sime Darby will continue to leverage the strong momentum of its industrial segment in FY23, driven by mining in Australia and construction in Malaysia, Singapore and Australia.

"Expect earnings to sustain in FY23, underpinned by the record high order book of RM4.4bil.

"Majority of the order book is anchored by Australia mining sector due to the continued highly profitable coal prices, while margins are expected remain strong as management has seen pick-up in the demand for maintenance and overhaul services, while margins normalise on the costing of parts for the year.

"Demand for construction equipment has also picked up in Australia, Malaysia and Singapore, while China market is expected to remain weak in FY23," it said in its review.

It forecast a dividend yield of 7% following completion of the disposal of Weifang Ports.

The broker maintained its "buy" recommendation with a higher target price of RM2.76, from RM2.60 previously.


转载说明:本文转载自Sunbet。

上一篇:新2会员网址:NetX collaborates with Myisco on digital Shariah financing

下一篇:皇冠备用网址:\u2018Yu-Gi-Oh!\u2019 manga creator found dead in Okinawa

网友评论

  • 2022-08-25 00:42:45

    a55555.net彩票网www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。
    啊是心动的感觉

    • 2022-09-04 08:17:21

      @我是精神病人@ “Given the current crisis, we think this is timely that UMS and Neurogine will do research on this area and to fund this initiative, we are announcing today the availability of research grants – we have started to evaluate suitable applied research proposals with UMS,” he said.可以再练练