Affin Hwang Investment Bank on Monday May 23 downgraded Sime Darby Plantation Bhd to sell from hold as it cut its target price TP to RM420 from RM495Affin Hwang analyst Nadia Aquidah said in a note that she lowered her TP for Sime Darby Plantation after earnings forecast revisions and rolling forward her valuation. KUALA LUMPUR May 23.
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While the knee-jerk reaction on the part of multinational corporations like Ferrero to stop buying palm oil products from Sime Darby Plantation Bhd SDP is regrettable they seem to have overlooked the fact that SDP is the largest producer of Roundtable on Sustainable Palm Oil RSPO-certified sustainable palm oil globallyOne should.
. Higher crude palm oil CPO and palm kernel PK prices helped lift Sime Darby Plantation Bhds net profit in the first quarter ended March 31 2022 to RM718mil a 2776 increase. KUALA LUMPUR April 17.
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