Friday 29 Mar 2024
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KUALA LUMPUR (Dec 29): Two newly listed Sime Darby members, Sime Darby Property Bhd (SDProp) and Sime Darby Plantations Bhd (SD Plant), leapt on the last trading day in 2017.

SDProp jumped 33 sen or 22.76% to RM1.78, while SD Plant went up 52 sen, or 9.5%, to RM6. Both closed at record highs today.

The gains on the share prices today translated into market capitalisations of RM12.11 billion for SDProp and RM40.81 billion for SDPlant.

Sime Darby, however, dropped two sen to RM2.21, giving it a market capitalisation of RM15.03 billion.

Taking into account the 17-sen final dividend paid to Sime Darby’s shareholders on Dec 20 this year, the combined value of one share each in these companies is worth RM10.16 today.

This means that shareholders who held on to their shares in the three listed entities would have gained 25.43% against last year's closing of RM8.10 (former Sime Darby share price).

The combined value of the three entities is also 13.65% higher compared with the former Sime Darby’s closing price of RM8.94 on Nov 24, the day before the listing of the other two members.   

The two newly listed members, SD Prop and SD Plant, did not fare well when they made their debut on Bursa. But they managed to stage a rebound later when some investors saw value in them.

 

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