SD Guthrie's Refinancing Expected to Improve Earnings Outlook -- Market Talk

Dow Jones11-12

0252 GMT - SD Guthrie's earnings outlook may improve following its successful issuance of Malaysia's largest sustainability-linked Islamic bond worth MYR2.1 billion, CIMB analysts Ivy Ng Lee Fang and Yue Jia Lim say in a note. SD Guthrie will use the proceeds to redeem its MYR2.2 billion perpetual bond due March 2026, lowering funding costs from 5.65% to 3.8%-3.97% and saving about MYR42 million annually, they say. The refinancing could boost 2026 net profit by 2.3%, with additional upside if interest rates ease, they add. CIMB maintains SD Guthrie's buy rating and keeps the target price at MYR6.01. Shares are 0.5% lower at MYR5.44. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

November 11, 2025 21:52 ET (02:52 GMT)

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