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Citigroup keeps 'sell' calls on IOI, KLK, IJM Plantations.
US BANK Citigroup has maintained its stand that investors should sell shares of IOI Corp Bhd, Kuala Lumpur Kepong Bhd (KLK) and IJM Plantations Bhd because they are already expensive relative to their forecast earnings.
It also downgraded Sime Darby Bhd to "hold" from "buy", having considered the conglomerate's valuations no longer compelling.
"An attractive feature of Sime Darby was its dividend yield. But with the recent share price rally, dividend yield is close to only 3 per cent currently," Citigroup said in a research note to investors.
Malaysian plantation stocks are highly valued, thanks to buying from local funds. Foreign shareholdings for Sime …
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- IOI Corp welcomes Sime Darby as strategic partner in Palmco.
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Magazine article from: Business Times (Malaysia)
July 25, 2001
700+ words
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- IOI CORP AGREES TO ALLOCATE 2 BOARD SEATS TO SIME DARBY.
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News wire article from: Asia Africa Intelligence Wire
August 30, 2002
700+ words
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- IOI CORP'S RESPONSIBILITY TO MAINTAIN LISTING STATUS OF PALMCO.
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News wire article from: BERNAMA The Malaysian National News Agency
November 7, 2001
700+ words
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- RAM'S RATING WATCH ON IOI CORP'S BOND ISSUES.
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News wire article from: BERNAMA The Malaysian National News Agency
July 19, 2001
700+ words
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- RAM REAFFIRMS IOI CORP'S RATINGS AT A1/P1.
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News wire article from: BERNAMA The Malaysian National News Agency
November 16, 2001
700+ words
