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PPB Group Berhad, a diversified conglomerate whose main asset and profit contributor is its 19% associate Wilmar International Ltd (WIL), is facing increased scrutiny and a downgrade in investment outlook following new developments in a palm oil corruption case in Indonesia.
Kenanga Research today announced a downgrade of its target price for PPB from RM15.00 to RM10.50 and lowered its call from “OUTPERFORM” to “MARKET PERFORM.” This revision comes after Wilmar International revealed that five
印尼逾36亿棕油弊案 现金堆满记者会现场
i feel hard close this file....i also think ppb down below 10 and my simeprop up some around 1.50,maybe sell and buy........but see this news.....scare jo..........