Sime Darby Bhd raised to neutral at RHB Research Institute

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KUALA LUMPUR (April 12): RHB analyst Alexander Chia upgraded the recommendation on Sime Darby Bhd to neutral from sell.

* Price target (PT) raised to RM2.10 from RM2, implies 4.1% decrease. Sime Darby average PT is RM2.80.

* Sime Darby had 7 buys, 8 holds, 1 sell previously: Bloomberg data

* Analysts raised their consensus one-year target price for the stock by 5.1 percent in the past three months. Forecasts range from RM2.10 to RM5.15. 

Performance Metrics

* Investors who followed Chia's recommendation would have received an 11 percent return in the past year, compared with the negative 19 percent return on the shares.