Kenanga Research yesterday cut its core net profit forecasts for PPB by 3.1% and 1.6% for the financial years ending Dec 31, 2019 and 2020 respectively to RM1.17bil and RM1.21bil.
PETALING JAYA: The earnings of PPB Group Bhd
, a diversified company controlled by billionaire Robert Kuok, are expected to be weighed down by lower crude palm oil (CPO) prices over the next two years.
Kenanga Research yesterday cut its core net profit forecasts for PPB by 3.1% and 1.6% for the financial years ending Dec 31, 2019 and 2020 respectively to RM1.17bil and RM1.21bil.
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