Sime Darby Property to Focus on Investment Properties, REIT Listing Possible

Sime Darby Property Bhd (SimeProp) is focusing on growing its investment properties, including Metrohub in Bandar Bukit Raja and KLGCC Mall in Kuala Lumpur. The company's SHIFT25 strategy involves retaining industrial and logistics assets to build a stronger recurring income base. Maybank Investment Bank Research maintains a "hold" call with a target price of RM1.50 and forecasts SimeProp to exceed its FY25 sales target.