0126 GMT - SD Guthrie could have strong earnings visibility in achieving annual recurring income of 500 million ringgit-700 million ringgit from new ventures, Maybank IB analyst Ong Chee Ting says in a note. The company has announced more than 10 MoUs, including two signed sales and purchase agreements, covering over 15,000 acres of land for industrial park developments, he notes. Recent land transactions have exceeded expectations, prompting Ong to attach higher values to the company's land, which was last revalued during 2017. Maybank raises SD Guthrie's target price to MYR6.31 from MYR5.75 and maintains a buy rating on the stock. Shares are 0.7% higher at MYR5.79.(yingxian.wong@wsj.com)
(END) Dow Jones Newswires
January 11, 2026 20:26 ET (01:26 GMT)
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