PETALING JAYA: The share price of PPB Oil Palms Bhd (PPBOP) rose to a day's high of RM7 on Bursa Malaysia before closing 20 sen higher at RM6.90 yesterday in anticipation that the company's Indonesian operations would contribute potentially strong profit growth, according to analysts.
A report by AmResearch Sdn Bhd said the company would have a large development expenditure in Indonesia in exchange for returns that might be only visible in five to seven years.
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