0139 GMT - Sime Darby's fiscal 1H earnings are likely to be stronger, driven by higher sales from Perodua and Toyota as well as improved margins in its industrial segment, RHB Investment Bank analyst Iftaar Hakim Rusli says in a note. He estimates 1H earnings to be at 350 million ringgit-385 million ringgit, up 13%-24% on year. The motor segment should also benefit from buying ahead of the expiry of Malaysia's electric vehicle tax rebates. He raises Sime Darby FY 2026-FY 2028 earnings forecasts by 5%-7% on higher auto volume and industrial revenue growth. RHB raises its target price for Sime Darby to MYR2.40 from MYR2.20 while maintaining a buy rating on the stock. Shares are 0.4% higher at MYR2.24. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 20:39 ET (01:39 GMT)
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