0135 GMT - SD Guthrie's industrial park joint venture with Eco World Development in Malaysia could be a significantly strategic way to diversify revenue streams, MIDF Research says in a note. The project is expected to contribute to the planter's earnings over the medium to long term, the research house says. With a low gearing ratio of 0.25X as of 3Q--below the property sector average of 0.4X--SD Guthrie appears financially well-placed to pursue new income-generating opportunities, it reckons. MIDF maintains a buy rating on SD Guthrie with a MYR5.43 target price. Shares are 0.2% lower at MYR4.91. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 20:36 ET (01:36 GMT)
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