SD Guthrie's New Segments Could Start Contributing From 2026 -- Market Talk

Dow Jones09:38

0138 GMT - SD Guthrie's diversification strategies are expected to yield results by 2026, RHB IB analyst Hoe Lee Leng says in a note. The planter will reclassify earnings into four segments--upstream, downstream, industrial development and renewable energy-- from 4Q, she notes. Industrial development will cover industrial land sales and property development income, while RE will include revenue sharing from RE projects, and income from solar farms and biogas, she says. Significant contributions from these new segments are anticipated by 2026, she reckons. Hoe cuts SD Guthrie's 2024-2026 earnings estimates by 11.7%, 4.1% and 5.9%, respectively, on lower fresh fruit bunch output forecasts. RHB cuts SD Guthrie's target price to MYR5.55 from MYR5.75 with an unchanged buy rating. Shares are 0.2% higher at MYR4.81. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

November 21, 2024 20:38 ET (01:38 GMT)

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Significant contributions from these new segments are anticipated by 2026, she reckons. Hoe cuts SD Guthrie's 2024-2026 earnings estimates by 11.7%, 4.1% and 5.9%, respectively, on lower fresh fruit bunch output forecasts. RHB cuts SD Guthrie's target price to MYR5.55 from MYR5.75 with an unchanged buy rating. Shares are 0.2% higher at MYR4.81. 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The planter will reclassify earnings into four segments--upstream,...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485547235","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485547235","pubTimestamp":1732239480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0138 GMT - SD Guthrie's diversification strategies are expected to yield results by 2026, RHB IB analyst Hoe Lee Leng says in a note. 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