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DJ Sime Darby, Bermaz Auto Likely to Gain From Porsche's Malaysia Venture -- Market Talk

· 02/08/2021 00:24

0524 GMT - Sime Darby and Bermaz Auto are likely to be the main beneficiaries if Porsche AG establishes an assembly plant in Malaysia, Maybank IB Research says. The two automotive companies could get an earnings boost from their shareholdings in Inokom Corp Sdn Bhd., the company rumored to be partnering with Porsche in setting up the plant. Maybank has buy ratings for both Sime Darby and Bermaz, with a target price of MYR2.70 for Sime Darby and MYR2.10 for Bermaz. Shares of Sime Darby gain 1.4%, while Bermaz rises 1.5%. (chester.tay@wsj.com)

(END) Dow Jones Newswires

February 08, 2021 00:24 ET (05:24 GMT)

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