You have searched for "PPB"
Showing 71-80 of 4187
KUALA LUMPUR: Affin Hwang Capital research has initiated coverage on PPB Group Bhd with a hold rating and a target price of RM19.50.
THE improving economic environment and strong commodity prices are expected to help fuel the earnings growth of PPB Group Bhd, which has posted record pre-tax profits for the past two years.
DESPITE the downtrend on the Malaysia Securities Exchange Bhd (MSEB), PPB Group Bhd has managed to sustain its share price at near its historical high.
PPB Oil Palms Bhd reported yesterday a 56% increase in pre-tax profit to RM47.57mil for the second quarter ended June 30 from RM30.4mil in the corresponding quarter of last year.
PPB Oil Palms Bhd expects to achieve a satisfactory year given the anticipated increase in its fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel production this year, which will mitigate the lower CPO price, now hovering at the RM1,400 per tonne level.