PPB Group’s investment merits remain intact

PETALING JAYA: The RM43mil fine meted out by the Malaysia Competition Commission (MyCC) has resulted in Kenanga Research downgrading PPB Group Bhd’s target price from RM19.30 to RM18.40.

MyCC fined five chicken feed manufacturers including FMM Bhd, which is 80% owned by PPB Group.

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PPBGroup , MyCCFine , TargetPrice , ChickenFeedCartel , FinancialImpact , ESGRatingAdjust

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