The brokerage also raised its target price for the diversified conglomerate to RM20.70 from RM18.90 based on joint sum-of-parts between PPB and its 18.5%-owned Wilmar International Ltd.
PETALING JAYA: PPB Group Bhd
has been been upgraded to an “outperform” from “market perform” by Kenanga Research on improving prospects.
The brokerage also raised its target price for the diversified conglomerate to RM20.70 from RM18.90 based on joint sum-of-parts between PPB and its 18.5%-owned Wilmar International Ltd.
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