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News briefs on Southern Bank, CAHB and other firms.
Stockwatch by Yvonne Chong.
PPB Group Bhd's indirect subsidiary, Minsec Engineering Services Sdn Bhd, has entered into an agreement with Sri Kamusan Sdn Bhd, also an indirect subsidiary of PPB, for the construction of a palm oil mill.
WHILE the broad market succumbed to heavy profit-taking yesterday, plantation stocks continued to rally, fuelled by the optimistic outlook in crude palm oil (CPO) prices.
News in brief on Petra Perdana, APP Industries and Consolidated Farms.
Izwan Idris writes on Bandar Raya, PSC Industries, Engtex, PPB Group and CN Asia.
PPB Group Bhd chalked up a 84% rise in pre-tax profit to RM171mil in the second quarter to June from RM93.2mil in the same period last year due to higher palm product prices and better performance in its edible oils refining, sugar refining, grain and feed-milling divisions.
JERNEH Asia Bhd, through its partnership with composite insurer Assicurazioni Generali SpA of Italy, is well on track to become a formidable insurance player in the region, Jerneh's chief executive officer Ralph Liew said in an interview.