|Bid||2.0900 x 0|
|Ask||2.1000 x 0|
|Day's Range||2.0800 - 2.1900|
|52 Week Range||2.0800 - 3.0600|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||6.27|
|Earnings Date||May 30, 2018 - Jun 04, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.87|
Malaysia's Sime Darby, the world's largest oil palm planter by land size, could export more crude palm oil (CPO) to India and divert refined oil to other markets after India placed curbs on refined imports, an executive told Reuters on Friday. India, the world's biggest buyer of edible oils, last week changed rules to effectively, say traders, ban imports of refined palm oil from Malaysia, the world's second-biggest producer and exporter of palm oil after Indonesia.
A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don't start buying more green palm oil to help curb deforestation in Southeast Asia, the regulating body said. Producers of palm oil, a commodity used in everything from ice cream to lipstick, are blamed for destroying millions of hectares of forest in Southeast Asia, in part by using slash-and-burn techniques that blanketed Singapore, Malaysia and Indonesia in smog in September. The growers, though, say palm oil buyers like Unilever <ULVR.L>, Nestle <NESN.S>, Procter & Gamble Co <PG.N> and PepsiCo <PEP.O> share responsibility because they don't buy enough sustainably produced oil, undermining efforts to reward those who adopt greener practises and reduce deforestation.
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand. A spokesman for the company added that Gough Group's transport and materials-handling businesses will "complement" Sime Darby's commercial trucking business in New Zealand.
Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand. Commenting on the sale, Gough Group Chairman Keith Sutton said: "we are confident that, under Sime Darby's ownership, the outlook for the business will be strengthened, service to customers enhanced, and opportunities for our employees improved. Sime Darby noted in a statement that Gough owns the Caterpillar dealership in New Zealand along with interests in the transport and materials handling sectors in both Australia and New Zealand.