SD Guthrie Likely on Track to Deliver More Disposal Gains in 4Q -- Market Talk

Dow Jones11-22

0111 GMT - SD Guthrie appears on track to achieve additional land disposal gains in 4Q, aiming for its annual target of MYR500 million-MYR700 million, Maybank IB analyst Ong Chee Ting says in a note. The company's management remains optimistic about its 4Q earnings, driven by higher average selling prices, an improved output and a stronger near-term downstream outlook, he notes. Maybank raises SD Guthrie's 2024-2026 core EPS forecasts by 10%, 3% and 2%, respectively. It also raises its target price for SD Guthrie's stock to MYR5.41 from MYR5.20, while maintaining a buy rating. Shares are 1.0% higher at 4.85.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

November 21, 2024 20:11 ET (01:11 GMT)

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