PPB Group may see improved profit margins

UOB Kay Hian (UOBKH) Research said it has changed its call to 'buy' from 'sell', (File pic shows one of the company's project.

PETALING JAYA: PPB Group Bhd is expected to make a turnaround, following improvement in profit margins from its diversified businesses, slated by the third quarter of 2022 (3Q22) onwards.

According to UOB Kay Hian (UOBKH) Research, the group’s prospects will be supported by its consumer-related segment, which is enjoying lower raw material costs and healthy sales volume.