Executing its vision and strategy. Sime's latest move to expand its
Weifang Port capacity is not a surprise to us, as it is within its
strategic blueprint to be a leading player in port management in the
Shandong province, China. While we expect only a minor earnings impact
on completion in 2-3 years, successful execution of its growth plans
will boost investor confidence in management's delivery capabilities.
Maintain HOLD with an unchanged MYR10.80 TP, on 16x CY13 PER.
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Source: Maybank Research - 15 June 2012
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