PPB Group
PPB Group outperformed Standard & Poor's expectations for the first quarter ended March 31, recognising a RM19.4mil exceptional gain on the sale of its 12.1% stake in Gula Padang Terap as well as having improved margins for several divisions. Its proposed sale of assets to Wilmar is expected to be completed in the second quarter, and the proposals are said to be positive for PPB from a valuation standpoint.
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