Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m

Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m

Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m

Sime Darby Plantation Bhd’s two indirect units have disposed of their entire equity interest in PT Mitra Austral Sejahtera to PT Inti Nusa Sejahtera for RM123.1 million.

The two units are PT Ladangrumpun Suburabadi and PT Teguh Sempurna. 

In a filing to Bursa Malaysia, the group said the disposal was not expected to have any effect on its earnings, consolidated net assets and consolidated gearing for the financial year ending December 31, 2019.

Following the disposal, Mitra Austral Sejahtera is no longer an indirect unit of the group.

The company, a limited liability company incorporated in Indonesia with a paid-up capital of 1,350.0 billion rupiah (1,000 rupiah=RM0.29), is principally engaged in the cultivation of oil palm and processing of crude palm oil and palm kernel.

It has 7,074.04 hectares of land planted with oil palm in Kabupaten Sanggau, West Kalimantan, Indonesia.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 5.08.

The projected lower bound is: 4.59.

The projected closing price is: 4.83.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 23 white candles and 21 black candles for a net of 2 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 51.4851. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 52.85. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 20 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 61. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.

Rex Takasugi – TD Profile

SIME DARBY PLANT closed down -0.050 at 4.840. Volume was 58% below average (consolidating) and Bollinger Bands were 78% wider than normal.

Open High Low Close Volume___
4.870 4.890 4.840 4.840 1,484,400

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period     50-period     200-period
Close: 4.81 4.86 5.01
Volatility: 50 33 34
Volume: 2,701,030 4,344,930 3,538,234

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


SIME DARBY PLANT is currently 3.5% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SIPL.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on SIPL.KL and have had this outlook for the last 5 periods.

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