0203 GMT - SD Guthrie's plan to generate 500 million ringgit-1 billion ringgit in recurring EBIT over the next five years from industrial land sales and property development appears promising, RHB Investment Bank analysts Hoe Lee Leng and Iftaar Hakim Rusli say in a note. The company aims to develop 2,000 acres annually and expects the first land sale gain from its joint venture with Eco World Development by the year-end, they say. SD Guthrie is also targeting higher returns from its solar ventures, with a 15-megawatt plant slated for completion by end-2025, they say. With plantation output recovering, the stock could trade at a premium valuation as contributions from new ventures are not yet priced in, they add. RHB maintains a buy rating on SD Guthrie and keeps its target price at MYR5.45. Shares are 0.4% lower at MYR4.75. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
July 21, 2025 22:03 ET (02:03 GMT)
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