Sime Darby appeals MYR 150.18 million tax bill: target for Sime Darby stock is MYR 2.70

Published on 10/25/2026 at 00:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sime Darby will appeal a MYR 150.18 million tax bill dated October 13, 2026. Sime Darby stock has results due November 26, 2026 after fiscal 2026 results.

Tax exposure and reporting dates

Sime Darby plans to appeal a MYR 150.18 million assessment dated October 13, 2026.
Fiscal 2026 net profit was MYR 1.76 billion, down 14.50 percent year over year.
The annual meeting is scheduled for November 12, 2026, followed by results on November 26, 2026.

Sime Darby, MYL4197OO009, Illustration mit AI erstellt.

Sime Darby (ISIN MYL4197OO009) plans to appeal a MYR 150.18 million tax assessment issued to its wholly owned subsidiary on October 13, 2026, according to The Edge Malaysia. The latest consensus price target stood at MYR 2.70 on October 19, 2026, according to Simply Wall St.

Tax appeal carries MYR 150.18 million exposure

The assessment covers seven years from 2017 through 2023 and includes penalties. Sime Darby Holdings received the notices on September 30, 2026, after Malaysia's Inland Revenue Board treated treasury interest income as taxable. The subsidiary has 30 days from the notice date to appeal, and Sime Darby said it intends to begin legal proceedings, as Bernama reported on October 13, 2026.

What does the appeal mean for earnings?

The tax assessment equals 8.53 percent of Sime Darby's MYR 1.76 billion fiscal 2026 net profit on a simple scale comparison. The Edge reported that quarterly net profit for the three months ended June 30, 2026, fell 57.80 percent to MYR 322.00 million, while quarterly revenue declined 5.90 percent to MYR 16.71 billion. Fiscal 2026 revenue was MYR 69.47 billion, down 0.08 percent from MYR 70.06 billion.

Three dated developments

On August 27, 2026, Sime Darby reported fiscal 2026 earnings per share of MYR 0.26, down from MYR 0.30 in fiscal 2025, according to Simply Wall St. On September 24, 2026, Sime Darby announced that Managing Director Veledin Rami Mehmet would retire effective November 30, 2026, according to MarketScreener. On October 13, 2026, the group disclosed the MYR 150.18 million tax assessment and its planned appeal.

Annual meeting and results dates

Sime Darby's annual general meeting is scheduled for November 12, 2026, at the Kuala Lumpur Convention Centre, according to the company's investor relations page. The next earnings date is November 26, 2026, according to Stock Analysis.

Bursa Malaysia price context

The last available Bursa Malaysia quote was MYR 2.39 on October 23, 2026 at 4:59 p.m. MYT. The stock's 52-week range was MYR 1.84 to MYR 2.68, while market capitalization stood at MYR 16.3 billion on the same date. The price therefore sat MYR 0.29, or 10.82 percent, below the 52-week high.