PETALING JAYA: Sime Darby Bhd, which saw its net profit dip by 18.7% in the third quarter ended March 31, 2022, is in for challenging times in the near term. Headwinds like China’s zero-Covid policy and inflationary pressures could dent its earnings for the year, analysts said. CGS-CIMB Research said amid a softer economic outlook in China, ongoing supply chain disruptions and inflationary cost pressures, it is downgrading the group from an “ add ” to “ hold ” with a lower RM2.40 target price in
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2022-05-26 00:00:00.0