Sime Darby recorded a five-month high on continuous uptrend. Sime began its technical rebound in Mar 2009, until it hit a tough resistance level near RM9.00 in Nov 2009. As the stock failed to penetrate the RM9.00 hurdle, it started to drift lower beginning Jan 2010. But near to the support region around RM7.50 – RM8.00, the stock built a base and gathered its upward momentum in Aug. It penetrated the RM8.00 level in late Aug, and slowly climbed higher in recent weeks. Yesterday, it hit a five-month high of RM8.71, before ending the day at RM8.70 with a bullish candle on the chart.
Sime Darby Berhad : Will Likely Head Towards RM10.00–10.80 Resistance Zone…-12/10/2010
Showing posts with label Sime Darby. Show all posts
Showing posts with label Sime Darby. Show all posts
Tuesday, October 12, 2010
Mandarin Version -Sime Darby Berhad : Will Likely Head Towards RM10.00–10.80 Resistance Zone…-12/10/2010
°Sime began its technical rebound in Mar 2009, until it hit a tough resistance level near RM9.00 in Nov 2009. As the stock failed to penetrate the RM9.00 hurdle, it started to drift lower beginning Jan 2010. But near to the support region around RM7.50 – RM8.00, the stock built a base and gathered its upward momentum in Aug. It penetrated the RM8.00 level in late Aug, and slowly climbed higher in recent weeks. Yesterday, it hit a five-month high of RM8.71, before ending the day at RM8.70 with a bullish candle on the chart.
Mandarin Version -Sime Darby Berhad : Will Likely Head Towards RM10.00–10.80 Resistance Zone…-12/10/2010
Mandarin Version -Sime Darby Berhad : Will Likely Head Towards RM10.00–10.80 Resistance Zone…-12/10/2010
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
Sector Update
- Malaysia’s CPO production fell in Sep by 2.7% mom, while exports rose by a significant 21.2% mom. Despite the significant jump in exports, the lower production, slightly higher imports and lower domestic use caused closing CPO stock levels to remain relatively flat at 1.708m tonnes in Sep (from 1.704m tonnes in
Aug). As a result of the flat CPO stock levels, stock/usage ratio in Sep was also relatively flat at 9.18% (from 9.12% in Aug), in line with the 7-year average of 9.1%.
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
- Malaysia’s CPO production fell in Sep by 2.7% mom, while exports rose by a significant 21.2% mom. Despite the significant jump in exports, the lower production, slightly higher imports and lower domestic use caused closing CPO stock levels to remain relatively flat at 1.708m tonnes in Sep (from 1.704m tonnes in
Aug). As a result of the flat CPO stock levels, stock/usage ratio in Sep was also relatively flat at 9.18% (from 9.12% in Aug), in line with the 7-year average of 9.1%.
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
Friday, October 1, 2010
RHB Equity 360° (Strategy, Banks, Fajarbaru, Hiap Teck; Technical: Sime Darby) - 01/10/2010
Top Story : 4Q2010 Market Outlook And Strategy – Volatility as economic worries persist
Strategy Update
- The impending release of the 2011 Budget, detailed ETP blueprint, award of major infrastructure contracts and Federal land deals, and the Sarawak state elections would likely create news flow and spur investors’ interest on the construction and property sectors.
- Nevertheless, as valuations of the local bourse are no longer cheap, it is susceptible to any adverse developments in the external sector and cause volatility to the market.
- Although we are less sanguine on the near-term outlook, we believe there is still room for the market to trend higher in 2011. This is primarily predicated on the view that the global economic recovery is more sustainable than feared, which in turn implies sustained corporate earnings growth (+12.9% projected for
2011) that will continue to create new shareholders’ value for investors.
- Our end-2011 FBM KLCI target remains unchanged at 1,640, based on 15x mid-cycle 2012 earnings. This, however, will not be without volatility as the global economy enters into a period of slowing growth in an uneven phase of recovery.
- Whilst we acknowledge that the long-term economic picture remains positive for the equity market, the revival of a “double-dip” recession fear can have a disproportionate impact on the market in the foreseeable future. Under such circumstances, it may be timely for investors to do some top slicing on stocks where valuations have become rich in the run-up of the market. This would then provide more room for investors to accumulate fundamentally-robust stocks on weakness.
RHB Equity 360° (Strategy, Banks, Fajarbaru, Hiap Teck; Technical: Sime Darby)-01/10/2010
Strategy Update
- The impending release of the 2011 Budget, detailed ETP blueprint, award of major infrastructure contracts and Federal land deals, and the Sarawak state elections would likely create news flow and spur investors’ interest on the construction and property sectors.
- Nevertheless, as valuations of the local bourse are no longer cheap, it is susceptible to any adverse developments in the external sector and cause volatility to the market.
- Although we are less sanguine on the near-term outlook, we believe there is still room for the market to trend higher in 2011. This is primarily predicated on the view that the global economic recovery is more sustainable than feared, which in turn implies sustained corporate earnings growth (+12.9% projected for
2011) that will continue to create new shareholders’ value for investors.
- Our end-2011 FBM KLCI target remains unchanged at 1,640, based on 15x mid-cycle 2012 earnings. This, however, will not be without volatility as the global economy enters into a period of slowing growth in an uneven phase of recovery.
- Whilst we acknowledge that the long-term economic picture remains positive for the equity market, the revival of a “double-dip” recession fear can have a disproportionate impact on the market in the foreseeable future. Under such circumstances, it may be timely for investors to do some top slicing on stocks where valuations have become rich in the run-up of the market. This would then provide more room for investors to accumulate fundamentally-robust stocks on weakness.
RHB Equity 360° (Strategy, Banks, Fajarbaru, Hiap Teck; Technical: Sime Darby)-01/10/2010
Tuesday, September 21, 2010
Sime Darby Berhad : Still Not Enough Transparency - 21/09/2010
Evidence of “breaches of duties and inappropriate conduct.” Sime Darby’s forensic audit on the oil and gas division has been completed and that based on the findings on the four key projects, namely the Bulhanine and Maydan Mahzam project with Qatar Petroleum (the QP Project); the Maersk Oil Qatar project (the MOQ Project); the Bakun hydroelectric dam project (the Bakun Project); and a project known as the “Marine Project”, there has been evidence found to suggest, on a prima facie basis, that there may have been breaches of duties and obligations and inappropriate conduct.
Sime Darby Berhad : Still Not Enough Transparency - 21/09/2010
Sime Darby Berhad : Still Not Enough Transparency - 21/09/2010
Friday, August 27, 2010
Sime Darby Berhad : Kitchen Sinking Done – Whats Next?-27/08/2010
Excluding EI, above our forecasts. Sime Darby’s FY06/10 core net profit came in above our expectations, at 115% of our forecasts. In 4QFY10, Sime recorded more EI losses for the E&U division of RM777.3m, which include RM213m in write-offs for its groundwater project; RM61.2m of losses for impairment in investment in the healthcare sector and RM18.2m in unrealised forex losses, bringing total EI loss for FY10 to an estimated RM1.95bn. Management did not breakdown the EI losses for the E&U division by project, as it did not want to jeapordise its VO recovery.
Sime Darby Berhad : Kitchen Sinking Done – Whats Next?-27/08/2010
Sime Darby Berhad : Kitchen Sinking Done – Whats Next?-27/08/2010
Thursday, August 5, 2010
Corporate Highlights - 05/08/2010
♦ Corporate Action
Market Update : Fund Raising By Khazanah Nasional
♦ Sime Darby
Visit Note : Is The Worst Over? Not Yet, In Our View - Underperform
Corporate Highlights - 05/08/2010
Market Update : Fund Raising By Khazanah Nasional
♦ Sime Darby
Visit Note : Is The Worst Over? Not Yet, In Our View - Underperform
Corporate Highlights - 05/08/2010
Sime Darby Berhad : Is The Worst Over? Not Yet, In Our View - 05/08/2010
Key highlights from our visit include: (1) changes being made by new management; (2) update on oil & gas division and concerns of more provisions; (3) updates and targets for other divisions – plantations, property, heavy equipment and motor.
Sime Darby Berhad : Is The Worst Over? Not Yet, In Our View - 05/08/2010
Sime Darby Berhad : Is The Worst Over? Not Yet, In Our View - 05/08/2010
RHB Equity 360° - 5 August 2010 (Sime Darby, Market, Affin, AirAsia, KFC; Technical: TDC, Kinsteel)
Top Story : Sime Darby – Is the worst over? Not yet, in our view - Underperform
Visit Note
- In the first few weeks of his appointment, Sime Darby’s new CEO, Dato’ Mohd Bakke Salleh, has visited all the divisions, met with all the Heads of Departments, reviewed the Group’s long term 4-year plan and set out a strategic plan for all the divisions. On 24 Aug, the Board will meet to review the plan and the results of the forensic audit for the oil & gas division, after which the results for 4QFY10 will be released on 26 Aug. Any further provision required for the two uncompleted projects, (ie. MOQ and Bakun, which are 96% complete), would be done in the 4QFY10 results.
RHB Equity 360° - 5 August 2010 (Sime Darby, Market, Affin, AirAsia, KFC; Technical: TDC, Kinsteel)
Visit Note
- In the first few weeks of his appointment, Sime Darby’s new CEO, Dato’ Mohd Bakke Salleh, has visited all the divisions, met with all the Heads of Departments, reviewed the Group’s long term 4-year plan and set out a strategic plan for all the divisions. On 24 Aug, the Board will meet to review the plan and the results of the forensic audit for the oil & gas division, after which the results for 4QFY10 will be released on 26 Aug. Any further provision required for the two uncompleted projects, (ie. MOQ and Bakun, which are 96% complete), would be done in the 4QFY10 results.
RHB Equity 360° - 5 August 2010 (Sime Darby, Market, Affin, AirAsia, KFC; Technical: TDC, Kinsteel)
Tuesday, June 15, 2010
Sime Darby Berhad : New Chief Executive Identified - 15/6/2010
New Chief Executive identified. Sime Darby has announced that YBhg Dato’ Mohd Bakke Salleh has been designated as the new President & Group Chief Executive (PGCE) to take effect as soon as practicable. Mohd Bakke is currently the Group President/Chief Executive Officer of Felda Global Ventures Holdings Sdn Bhd (Felda Global) and has experience in corporate restructuring exercises as well as management expertise in the plantation and property industries among others.
Sime Darby Berhad : New Chief Executive Identified - 15/6/2010
Sime Darby Berhad : New Chief Executive Identified - 15/6/2010
RHB Equity 360° - 15 June 2010 (Gamuda, Sime Darby; Technical: Affin)
Top Story : Gamuda – 9MFY07/10 results to meet expectations
- Taking the cue from the improved construction margins recorded by IJM and WCT in their Jan-Mar 2010 results, we expect Gamuda's 3QFY07/10 results to come in roughly within expectations.
RHB Equity 360° - 15 June 2010 (Gamuda, Sime Darby; Technical: Affin)
- Taking the cue from the improved construction margins recorded by IJM and WCT in their Jan-Mar 2010 results, we expect Gamuda's 3QFY07/10 results to come in roughly within expectations.
RHB Equity 360° - 15 June 2010 (Gamuda, Sime Darby; Technical: Affin)
Tuesday, June 1, 2010
Corporate Highlights - 31/5/2010
♦ MCIL
Briefing Note : Expecting Stronger Adex Ahead
♦ Tenaga Nasional
News Update : Cutting Subsidies For A Better Tomorrow
Corporate Highlights - 31/5/2010
Briefing Note : Expecting Stronger Adex Ahead
♦ Tenaga Nasional
News Update : Cutting Subsidies For A Better Tomorrow
Corporate Highlights - 31/5/2010
Monday, May 31, 2010
Sime Darby Berhad : Confidence Still Shaky - 31/5/2010
In line with our forecasts, but above consensus. Sime Darby’s 9MFY06/10 core net profit came in within our expectations but above consensus, at 78% of our FY10 forecasts and 85% of consensus’ forecasts. In 3QFY10, Sime recorded a net EI loss of RM1.09bn, comprising provisions for:
(1) its Qatar project of RM200m;
(2) Maersk Oil project of RM159m;
(3) Marine project of RM155m;
(4) Bakun project (under its 35.7% associate) of RM450m; and
(5) RM3.4m in net unrealised exchange loss.
Sime Darby Berhad : Confidence Still Shaky - 31/5/2010
(1) its Qatar project of RM200m;
(2) Maersk Oil project of RM159m;
(3) Marine project of RM155m;
(4) Bakun project (under its 35.7% associate) of RM450m; and
(5) RM3.4m in net unrealised exchange loss.
Sime Darby Berhad : Confidence Still Shaky - 31/5/2010
RHB Equity 360° (MCIL, Consumer, Allianz, TNB, PLUS, Dialog, Fajarbaru, Axiata, TM, Gent Msia, Genting, Sime, CBIP, Ta Ann, ...) - 31/05/2010
Top Story : MCIL – Expecting stronger adex ahead - Outperform
Briefing Note
- Management expects stronger ad revenue ahead with bookings visibility having improved to around two months as opposed to only a month a year ago. We believe ad spending in the months ahead should see further improvement, in tandem with a recovering economy and sporting events ahead.
- Currently, the Hong Kong and Malaysian operations are carrying around 3 and 8 months worth of newsprint stock respectively at an average cost of US$550-580. This lower cost should bode well for the group ahead but a dampener is that the current newsprint price is around US$700/tonne. MCIL’s strategy would be to wait for the newsprint price to drop in order to stock-up more.
- MCIL has also been expanding its presence in the digital media platform by entering into mobile reading market in China through ByRead and introducing an entertainment website called Hihoku in Nov 2009. Total capex spent on expanding its digital media platform was said to be minimal (approximately HK$2m) and management expects to spent another HK$2m p.a. moving forward.
- Our fair value is maintained at RM1.14, based on unchanged target CY10 PER of 13x.
RHB Equity 360° (MCIL, Consumer, Allianz, TNB, PLUS, Dialog, Fajarbaru, Axiata, TM, Gent,Sime, CBIP, Ta Ann...
Briefing Note
- Management expects stronger ad revenue ahead with bookings visibility having improved to around two months as opposed to only a month a year ago. We believe ad spending in the months ahead should see further improvement, in tandem with a recovering economy and sporting events ahead.
- Currently, the Hong Kong and Malaysian operations are carrying around 3 and 8 months worth of newsprint stock respectively at an average cost of US$550-580. This lower cost should bode well for the group ahead but a dampener is that the current newsprint price is around US$700/tonne. MCIL’s strategy would be to wait for the newsprint price to drop in order to stock-up more.
- MCIL has also been expanding its presence in the digital media platform by entering into mobile reading market in China through ByRead and introducing an entertainment website called Hihoku in Nov 2009. Total capex spent on expanding its digital media platform was said to be minimal (approximately HK$2m) and management expects to spent another HK$2m p.a. moving forward.
- Our fair value is maintained at RM1.14, based on unchanged target CY10 PER of 13x.
RHB Equity 360° (MCIL, Consumer, Allianz, TNB, PLUS, Dialog, Fajarbaru, Axiata, TM, Gent,Sime, CBIP, Ta Ann...
Monday, May 17, 2010
RHB Equity 360° - 17 May 2010 (Kossan, CIMB, AMMB, IOI, ILB, Wellcall; Technical: Sime, Pos)
Results Preview
♦ Kossan is due to announce its 1QFY10 results later this week. We expect Kossan to post low double-digit yoy revenue and net profit growth due to a combination of: 1) higher volume sales for the glove segment; 2) improved demand for its TRP products as a result from the economic recovery; and 3) margin expansion due to the improvement in sales mix as more higher value gloves were sold during the quarter.
♦ Qoq, we expect high single digit revenue growth to be achieved mainly on the back of:
1) upward adjustments to selling prices to pass on higher raw material cost, offset by the weakening of US$ against RM; and
2) stronger demand for TRP segment due to economic recovery. 1Q10 core earnings, however, could possibly remain flat qoq due to lower margins resulting from the usual time lag in passing on higher raw material prices and weakening US$, partly offset by stronger performance from TRP segment.
♦ Capacity expansion at its new factory in Jalan Meru is ongoing, and upon completion, this new factory will house a total of 32 double former lines. This factory currently houses 8 double-former lines, which started commercial production in Oct’09 while another 8 double-former lines are expected to start commercial production in 3Q2010. The remaining 16 double-former lines are expected to start commercial production
by 2Q2011. In total, Kossan’s annual production capacity would increase from 12bn pieces currently to 14.5bn pieces by end-2010 and 18 bn pieces by end-2011.
♦ Maintain forecasts, fair value of RM10.74 (based on target CY10 PER of 13x) and Outperform call.
RHB Equity 360° - 17 May 2010 (Kossan, CIMB, AMMB, IOI, ILB, Wellcall; Technical: Sime, Pos)
♦ Kossan is due to announce its 1QFY10 results later this week. We expect Kossan to post low double-digit yoy revenue and net profit growth due to a combination of: 1) higher volume sales for the glove segment; 2) improved demand for its TRP products as a result from the economic recovery; and 3) margin expansion due to the improvement in sales mix as more higher value gloves were sold during the quarter.
♦ Qoq, we expect high single digit revenue growth to be achieved mainly on the back of:
1) upward adjustments to selling prices to pass on higher raw material cost, offset by the weakening of US$ against RM; and
2) stronger demand for TRP segment due to economic recovery. 1Q10 core earnings, however, could possibly remain flat qoq due to lower margins resulting from the usual time lag in passing on higher raw material prices and weakening US$, partly offset by stronger performance from TRP segment.
♦ Capacity expansion at its new factory in Jalan Meru is ongoing, and upon completion, this new factory will house a total of 32 double former lines. This factory currently houses 8 double-former lines, which started commercial production in Oct’09 while another 8 double-former lines are expected to start commercial production in 3Q2010. The remaining 16 double-former lines are expected to start commercial production
by 2Q2011. In total, Kossan’s annual production capacity would increase from 12bn pieces currently to 14.5bn pieces by end-2010 and 18 bn pieces by end-2011.
♦ Maintain forecasts, fair value of RM10.74 (based on target CY10 PER of 13x) and Outperform call.
RHB Equity 360° - 17 May 2010 (Kossan, CIMB, AMMB, IOI, ILB, Wellcall; Technical: Sime, Pos)
Friday, May 14, 2010
Corporate Highlights...-14/05/2010
♦ Genting Singapore
Results / Briefing Note : Exceeding Consensus Expectations
♦ Banking
Sector Update : BNM Raised OPR By Another 25bps
♦ Sime Darby
Company Update : Eroding Investor Confidence
♦ WCT
News update : Potential Share Of Additional Bakun Cost Overrun Amounting To RM97m
♦ Malayan Banking
Results / Briefing Note : Tracking Expectations
♦ Sunrise
Results / Briefing Note : 9MFY06/10 Performance Weighed Down By Slower Progress Billings
Corporate Highlights...-14/05/2010
Results / Briefing Note : Exceeding Consensus Expectations
♦ Banking
Sector Update : BNM Raised OPR By Another 25bps
♦ Sime Darby
Company Update : Eroding Investor Confidence
♦ WCT
News update : Potential Share Of Additional Bakun Cost Overrun Amounting To RM97m
♦ Malayan Banking
Results / Briefing Note : Tracking Expectations
♦ Sunrise
Results / Briefing Note : 9MFY06/10 Performance Weighed Down By Slower Progress Billings
Corporate Highlights...-14/05/2010
Sime Darby Berhad : Eroding Investor Confidence - 14/05/2010
Additional provisions of RM964m. Sime Darby announced that it has decided to make an additional RM964m in provisions for four projects, namely:
(1) Bulhanine and Maydan Mahzam project with Qatar Petroleum (QP) – RM200m;
(2) Maersk Oil Qatar project (MOQ) – RM159m;
(3) Marine project involving the construction of vessels for use in the MOQ Project – RM155m and
(4) Bakun hydroelectric dam project – RM450m (see Table 2).
Sime Darby Berhad : Eroding Investor Confidence - 14/05/2010
(1) Bulhanine and Maydan Mahzam project with Qatar Petroleum (QP) – RM200m;
(2) Maersk Oil Qatar project (MOQ) – RM159m;
(3) Marine project involving the construction of vessels for use in the MOQ Project – RM155m and
(4) Bakun hydroelectric dam project – RM450m (see Table 2).
Sime Darby Berhad : Eroding Investor Confidence - 14/05/2010
RHB Equity 360° (Genting S’pore, Banks, Sime Darby, WCT, Maybank, Sunrise, Cuscapi; Technical: BCorp) -14/05/2010
Top Story : Genting Singapore – Exceeding consensus expectations Outperform
1QFY10 Results/Briefing Note - Genting Singapore’s (GS) 1QFY10 core net profit of S$81.8m was in line with our forecasts, comprising 25.7% of our full year core net profit, but above consensus, comprising 36.4% of FY10 net profit. GS recorded an EI loss of S$452.6m, mainly for an impairment loss on its UK intangible assets.
♦ The yoy increase in revenue was due to commendable revenue contribution from RWS, the bulk of which came from the casino, while GS’ UK also recorded a 19% yoy rise in revenue coming from improved luck factor. Although the EBITDA margin for RWS of 32.5% seems lower than our projected 36.8% for FY10, we note that RWS recorded some preoperating expenses in 1Q10. Assuming a conservative S$50m of preoperating expenses were incurred and adding this back to RWS’ EBITDA for 1Q, this would bring EBITDA margins to about 47.6%, much higher than our projection.
♦ Conference call highlights:
(1) Visitor arrivals meeting RWS’ management expectations;
(2) Update on casino operations; and
(3) Update on capacity expansion plans.
♦ No change to forecasts although there could be a rash of upgrades to consensus projections following these results. We maintain our Outperform call on GS and fair value of S$1.35, based on blended average of EV/EBITDA (in line with 12x FY11 regional average) and DCF.
RHB Equity 360°(Genting S’pore, Banks, Sime Darby, WCT, Maybank, Sunrise, Cuscapi; Technical: BCorp) -14/05...
1QFY10 Results/Briefing Note - Genting Singapore’s (GS) 1QFY10 core net profit of S$81.8m was in line with our forecasts, comprising 25.7% of our full year core net profit, but above consensus, comprising 36.4% of FY10 net profit. GS recorded an EI loss of S$452.6m, mainly for an impairment loss on its UK intangible assets.
♦ The yoy increase in revenue was due to commendable revenue contribution from RWS, the bulk of which came from the casino, while GS’ UK also recorded a 19% yoy rise in revenue coming from improved luck factor. Although the EBITDA margin for RWS of 32.5% seems lower than our projected 36.8% for FY10, we note that RWS recorded some preoperating expenses in 1Q10. Assuming a conservative S$50m of preoperating expenses were incurred and adding this back to RWS’ EBITDA for 1Q, this would bring EBITDA margins to about 47.6%, much higher than our projection.
♦ Conference call highlights:
(1) Visitor arrivals meeting RWS’ management expectations;
(2) Update on casino operations; and
(3) Update on capacity expansion plans.
♦ No change to forecasts although there could be a rash of upgrades to consensus projections following these results. We maintain our Outperform call on GS and fair value of S$1.35, based on blended average of EV/EBITDA (in line with 12x FY11 regional average) and DCF.
RHB Equity 360°(Genting S’pore, Banks, Sime Darby, WCT, Maybank, Sunrise, Cuscapi; Technical: BCorp) -14/05...
Tuesday, May 11, 2010
Corporate Highlights - 11/5/2010
♦ Plantation
Sector Update : Fall In Production And Exports, But Also In Stock Levels
♦ Kuala Lumpur Kepong
News Update : Buys German Oleochemical Producer
♦ Sime Darby
News Update : Buys Sapura Auto Land And Building
Corporate Highlights - 11/5/2010
Sector Update : Fall In Production And Exports, But Also In Stock Levels
♦ Kuala Lumpur Kepong
News Update : Buys German Oleochemical Producer
♦ Sime Darby
News Update : Buys Sapura Auto Land And Building
Corporate Highlights - 11/5/2010
Sime Darby Berhad : Buys Sapura Auto Land And Building - 11/5/2010
Buys Sapura Auto land and building. Sime Darby Motor Division Sdn Bhd has entered into a property Sale Agreement with Sapura Auto Sdn Bhd to acquire a 0.11 acre piece of freehold land on Jalan Tun Razak, Kuala Lumpur, together with the automobile showroom and related facilities for the provision of after sales services for a cash
consideration of RM49.05m. The acquisition is to be completed by end- 2010.
Sime Darby Berhad : Buys Sapura Auto Land And Building - 11/5/2010
consideration of RM49.05m. The acquisition is to be completed by end- 2010.
Sime Darby Berhad : Buys Sapura Auto Land And Building - 11/5/2010