Sime Darby stock gained 2.89 percent on October 2 as targets rose

Published on 10/05/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sime Darby stock stood at MYR 2.49 on October 2, 2026, below the MYR 2.82 consensus target. FY2026 revenue reached MYR 69.5 billion, while net income fell 14 percent to MYR 1.76 billion.

Sime Darby, MYL4197OO009, Illustration mit AI erstellt.

Sime Darby stock (ISIN MYL4197OO009) closed at MYR 2.49 on Bursa Malaysia on October 2, 2026, up 2.89 percent from MYR 2.42. The move came as the average one-year analyst target rose from MYR 2.50 to MYR 2.82, according to Fintel on September 19, 2026.

Targets move above the share price

The target revision represents a 12.85 percent increase from the August 25 estimate. Fintel said the latest individual targets ranged from MYR 2.58 to MYR 3.50, giving the market a wide spread of views around the MYR 2.82 average.

The consensus snapshot also counted 23 recommendations as of September 1, 2026. The breakdown comprised 5 strong buy ratings, 10 buy ratings and 8 hold ratings, with no sell or strong sell recommendations, according to Fintel.

FY2026 profit sets the counterpoint

The latest earnings picture is more mixed than the target revision. Simply Wall St reported FY2026 revenue of MYR 69.5 billion, flat from FY2025, while net income fell 14 percent to MYR 1.76 billion. Fiscal-year earnings per share declined to MYR 0.26 from MYR 0.30.

For the latest quarterly release, Fintel reported actual EPS of MYR 0.048 against a MYR 0.0571 estimate on August 27, 2026. Revenue was MYR 16.71 billion versus a MYR 17.8566 billion estimate, a 6.42 percent shortfall that tempers the optimism implied by the higher target.

Stock remains below the yearly high

The October 2 close was MYR 0.19 below the 52-week high of MYR 2.68, or 7.09 percent lower, while the 52-week low stood at MYR 1.84. Market capitalization was MYR 17.0 billion and volume reached 6,079,800 shares on Bursa Malaysia.

For investors, the key tension is clear: the target average points to MYR 2.82, while FY2026 earnings and the latest quarterly revenue indicate that the valuation case still depends on improved operating momentum.