Sime Darby Bhd (SIME.KL)
* "Aggressive timeline" for plantation, property listings –CEO
KUALA LUMPUR, Feb 27 Malaysian conglomerate Sime Darby Bhd said it will undertake a restructuring of the group ahead of the planned spin-off of its plantations and property businesses.
KUALA LUMPUR, Feb 27 Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, on Monday said its second-quarter net profit more than doubled from a year ago, buoyed by improved production and higher prices of the tropical oil.
(The following statement was released by the rating agency) SINGAPORE/JAKARTA, February 06 (Fitch) Fitch Ratings, Singapore, 06 February 2017: The effect Sime Darby Berhad's (BBB+/Stable) intended listing of its plantation and property units as standalone entities will have on the company's rating remains uncertain, says Fitch Ratings. The agency will reassess the company's credit profile once further details about its post-listing shareholding and debt structure are available. Sime Darby i
KUALA LUMPUR, Jan 26 Sime Darby Bhd, the world's largest palm oil company by land size, will spin off its plantations and property businesses in separate listings on the local stock exchange, the Malaysian conglomerate said on Thursday.
KUALA LUMPUR, Jan 26 Malaysia's Sime Darby Bhd will spin off its plantations and property businesses in separate listings on the local stock exchange, while retaining its trading and logistics business, it said on Thursday.
Jan 17 Memorandum Of Understanding(S P Setia Bhd)
* Q1 profit rises 37 pct on motors unit strength (Adds CEO comments on IPOs)
KUALA LUMPUR, Nov 25 Malaysian conglomerate Sime Darby Berhad reported a 37 percent rise in first-quarter net profit as higher sales of vehicles at home and in Singapore boosted its motors unit and helped offset sluggishness in its plantation business.
* Volatility (owing to commodity prices and foreign exchange rates), uncertain market environment will remain a challenge for the group