(Repeats factbox issued on Thursday with no changes to text)
KUALA LUMPUR, Aug 13 (Reuters) - Malaysian conglomerate
Sime Darby (SIME.KL) needs a big overhaul, including possibly
listing its prized plantations business and selling its
underperforming motor unit, to boost valuations and compete
better with fast-growing rivals, analysts say.
For a related analysis, click on [ID:nKLR380471]
Sime Darby, the world's largest palm oil firm by plantation
land bank, is lagging its Malaysian peers in terms of operating
performance, while rivals in Indonesian are catching up fast.
Company Market value Share price change PE
(U.S. dollar) (year to date)(%) (FY2009E)
Sime Darby (SIME.KL) 14.22 bln +59.62 25.01
IOI Corp (IOIB.KL) 9.24 bln +45.22 25.10
KL Kepong (KLKK.KL) 3.94 bln +45.62 19.03
Wilmar (WLIL.SI) 27.13 bln +120.43 28.01
Indofood Agri (IFAR.SI) 1.78 bln +235.85 16.23
Golden Agri (GAGR.SI) 3.98 bln +128.92 24.00
Astra Agro (AALI.JK) 3.48 bln +86.38 17.60
SOURCE: Thomson Reuters. Prices as of close on Aug 12
Company ROA ROE Fresh fruit bunch Net profit
(%) (%) yields tonnes/ha margin (%)
Sime Darby 5.70 9.2 23.0 6.3 IOI
Corp 7.60 14.1 27.0 8.5 KL
Kepong 8.77 12.4 24.0 11.8 Wilmar
7.90 13.6 20.9# 5.8 Indofood
Agri 5.09 11.2 19.5 10.8 Golden Agri
4.11 4.0 19.5 10.5 Astra Agro
26.00 33.1 20.8 26.7 SOURCE: Thomson
Reuters, IBES, Morgan Stanley estimates
# From Wilmar's company statements in 2008
** All figures are estimates for FY2009
(Reporting by Soo Ai Peng and Niluksi Koswanage; Editing by
Anshuman Daga)
