RHB Equity 360° - 29 April 2010 (Sime Darby, Construction, Media, Allianz, Sunway, Ann Joo, Fajarbaru, YNH; Technical: WCT)

Top Story : Sime Darby – Short-term weakness in FFB production, but LT sustainability intact. Outperform.
Visit Note:
Six key takeaways from our recent visit:
1) Slower FFB production in Indonesia now;
2) Longer-term FFB growth sustainable;
3) CPO price view unchanged;
4) Production costs to decline, but not as significantly as seen in 1HFY10;
5) Property division picking up speed; and
6) Capex higher than expected.

RHB Equity 360° - 29 April 2010 (Sime Darby, Construction, Media, Allianz, Sunway, Ann Joo, Fajarbaru, YNH;...