Sime Darby Plantation declines 3.4% to lowest level in 11 months

(Nov 21): Sime Darby Plantation Bhd shares fell 3.4%, more than any full-day drop since June 1 and more than triple Malaysia’s benchmark index.

Market Metrics

* Shares declined to RM5.11, lower than any close since Dec 6, 2017, from RM5.29 in the previous session.

* Trading volume was more than quadruple the 20-day average for this time of day.

* The FTSE Bursa Malaysia KLCI Index — Kuala Lumpur Composite Index lost 0.9%, and the MSCI AC Asia Pacific Index fell 0.6%.

Market Insights

* In the past year, the stock had a similar or greater loss two times at the close; it declined in the next trading session once (1.9%).

* Shares are at a 6.6% discount to the analysts’ consensus target price. The stock traded at an average 4% discount over the past year.

* Stock advanced 5.6% in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index — Kuala Lumpur Composite Index lost 0.4%.