SIME DARBY

Sime Darby Bhd (SIME MK, Buy, TP: RM7.70) says its current year's earnings will not match what it has achieved in the
previous period, given the lower crude palm oil (CPO) prices but will remain within expectations. Group president and
managing director Datuk Seri Ahmad Zubir Murshid said the lower performance is anticipated in all of its business divisions
due to the global economic slowdown, but it will not be as bad as expected. "It will be within our expectations. Although crude
palm oil prices have gone down, it would be offset by other divisions," Ahmad Zubir told reporters in Selangor yesterday. (BT)
* * * * *
Sime Darby Bhd (SIME MK, Buy, TP: RM7.70) is sending a team to China to conduct further studies on its proposed
participation in the 700-sq km economic development zone (EDZ) near Weifang city. “The initial size that we are looking
at is about 100-sq km but we don’t know the gross development value yet,” said its president and group chief executive Datuk
Seri Ahmad Zubir Murshid. (Financial Daily)