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Analysts upbeat on Sime Darby disposal of loss-making Tesco, say proceeds could be distributed as dividends

Affin Hwang Capital analyst Brian Yeoh: The potential divestment of Tesco Malaysia is a positive news for Sime as the hypermarket has been reporting continued losses since FY15 (financial year 2015) [except for FY18, likely due to one-off effects] due to intense competition from discount grocers and the growing e-commerce space as well as an increase in affluent customers.

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