Land Sales Set to Lift SD Guthrie's Earnings Outlook -- Market Talk

Dow Jones
01/29

0923 GMT - SD Guthrie may announce further JV agreements and land-bank sales, which could drive P/E expansion, Citi analyst Gan Huan Wen says in a note. The planter targets 500 million ringgit-700 million ringgit in annual net gains from land disposals over the next four years, with about 2,500 acres to be sold annually, he says. Although crude palm oil prices are expected to be marginally softer in 2026, shifts in CPO prices are no longer SD Guthrie's main share-price driver. Land-bank monetization has become the key catalyst. Citi upgrades SD Guthrie's rating to buy from sell and raises its target price to MYR6.60 from MYR4.30. Shares closed at MYR5.80. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

January 29, 2026 04:23 ET (09:23 GMT)

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