0043 GMT [Dow Jones] Sime Darby (4197.KU) may rise to test recent high of MYR8.60, says dealer with local brokerage; this, after conglomerate proposes to raise up to MYR4.5 billion from Islamic bonds for working capital, future investments. "The proposal is likely to be viewed positively as borrowing costs are now at near historical lows.. Sime will likely be able to price the sukuk at attractive yields given current excess liquidity," says dealer. Stock closed +0.1% at MYR8.53 yesterday.
Dow Jones Newswires
September 29, 2009 20:43 ET (00:43 GMT)
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