0141 GMT - SD Guthrie's recent joint venture with the Negeri Sembilan state government to build an industrial park in Port Dickson, coupled with a 300-acre land sale, may immediately monetize part of its landbank while securing a recurring income stream, CIMB Securities says in a note. The JV may also support the Port Dickson Free Zone, a key state initiative of the state government. SD Guthrie has also announced plans for a major industrial and logistics project on Carey Island with Sime Darby Property. CIMB estimates the company's recent deals could yield up to MYR2.6 billion in proceeds and roughly MYR1.3 billion in profit, depending on execution and approvals. CIMB maintains a hold rating on SD Guthrie with an unchanged target price of MYR5.06. Shares are 0.7% higher at MYR4.56. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
June 24, 2025 21:41 ET (01:41 GMT)
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