Sime Darby likely to take part in E&O’s RM12b project
KUALA LUMPUR: RHB Research Institute said Sime Darby Bhd was likely, in the longer term, participate in Eastern and Oriental Bhd's (E&O) Seri Tanjung Pinang 2 (STP 2) project in Penang, which has a gross development value (GDV) of RM12 billion.
In its report issued on Wednesday, Oct 12, it expected profit to only come in two to three years' time.