Latest news with #PPB
The Star
a day ago
- Business
- The Star
PPB to hold steady in 2Q
PETALING JAYA: PPB Group Bhd is expected to post flattish earnings quarter-on-quarter (q-o-q) at between RM340mil and RM370mil for the second quarter of this year (2Q25). This is expected to be underpinned by steady contributions from its core grains and agribusiness segment, as well as associate share of profits. The group is slated to release its 2Q25 results by the end of August. For 2Q25, UOB Kay Hian Research (UOBKH Research) said PPB's grain and agribusiness segment's performance is expected to remain stable despite the fluid external trade environment, supported by relatively benign weather conditions and moderate volatility in agri-commodity prices. UOBKH Research said, in consumer products, PPB has been contending with operating costs rising at a relatively quicker rate and has been merely breaking even at the earnings before interest and tax (Ebit) level in recent quarters, despite seeing a steady uptick in revenue. 'For 2Q25, however, we expect operating margins to improve slightly, with costs of goods sold seen coming down slightly while potentially benefitting from the stronger ringgit versus the US dollar,' the research house noted. As for the film exhibition and distribution segment, UOBKH Research expects the segment to post a positive single-digit Ebit contribution in 2Q25, aided by higher expected cinema revenue due to more releases compared with 1Q25 and on a year-on-year (y-o-y) basis.
Yahoo
5 days ago
- Yahoo
Wanted man, teen arrested, guns seized after police chase in stolen SUV ends in Gresham
PORTLAND, Ore. (KOIN) — A wanted man and a teenager were arrested in Gresham after a Northeast Portland traffic stop turned into a police chase in a stolen SUV early Friday evening. Just before 6 p.m., patrol officers saw a stolen Land Rover Defender driving along Northeast Glisan Street from Northeast 126th Avenue. After pulling the SUV over at Northeast Hoyt and 162nd Avenue, officers identified the driver as 20-year-old Quahar Bell, who had outstanding warrants for escaping from police custody and unlawful possession of a firearm. Experienced mountain biker missing near Trillium Lake Police said Bell then drove away, but officers deflated the Rover's tires using spike strips. Bell and two passengers then abandoned the SUV in the 16300 block of Northeast Wasco Street in Gresham. PPB and Gresham officers established a perimeter, also using drones and a PPB K9 to track them. Although all three were eventually found and taken into custody, one was later released, police said. Additionally, officers recovered one firearm inside the car and another while tracking the suspects. Bell was booked into the Multnomah County Detention Center on charges including unauthorized use of a motor vehicle, attempting to elude police, reckless endangerment, reckless driving, possession of a stolen vehicle, as well as his prior warrants. A 17-year-old boy was booked into the Donald E. Long Juvenile Detention Center on charges of unlawful possession of a firearm and unlawful possession of a loaded firearm in public. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Star
02-07-2025
- Business
- The Star
Trading ideas: Gamuda, Avangaad, Avaland, Powerwell, Perdana Petroleum, Key Asic, Samaiden, Kerjaya Prospek, LFG, CCIB
KUALA LUMPUR: Stocks that may see trading interest today include Gamuda Bhd , Avangaad Bhd, Avaland Bhd , Powerwell Holdings Bhd , Perdana Petroleum Bhd (PPB), Key Asic Bhd , Samaiden Group Bhd , Kerjaya Prospek Group Bhd , Lianson Fleet Group Bhd (LFG) and CC International Bhd (CCIB). Gamuda has signed a landmark deal with Tasmanian landowners to co-develop up to 600 MW of wind and solar energy plus 600 MW of battery storage, marking its first major renewable energy venture in Australia. Avangaad, formerly known as EA Technique Bhd, has secured a total of RM66.8mil in new contracts from Northport (Malaysia) Bhd, contributing to revenue growth in its port and tugboat operations. Avaland is acquiring a parcel of leasehold development land measuring 2.2-acres in Section 13, Petaling Jaya from Comit Communication Technologies (M) Sdn Bhd for RM49mil. Powerwell's wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd (KPSB), has accepted four purchase orders worth RM16.6mil for the supply of switchboards and components to a hyperscale data centre project in Elmina Business Park, Selangor. PPB has accepted a work order award (WOA) from a Petroleum Arrangement Contractor (PAC) for the provision of one anchor handling tug and supply vessel. Key Asic has secured a RM13.1mil artificial intelligence (AI) chip design contract from a leading technology company. Samaiden is proposing to acquire two parcels of agricultural land in Teluk Intan, Perak, measuring approximately 185.57 hectares from Kelapa Sawit (Teluk Anson) Sdn Bhd for RM45.5mil. Kerjaya Prospek, through its wholly-owned subsidiary, Senandung Raya Sdn Bhd, has acquired three pieces of freehold land measuring a total of 2.9941 hectares at Jalan Puchong, Kuala Lumpur for a total purchase consideration of RM112.8mil. LFG indirect wholly-owned subsidiary, Omni Victory (L) Inc., has entered into a memorandum of agreement (MOA) for the proposed disposal of Omni Victory for RM32.02mil to Huashun Shipping (Liberia) Inc. CCIB, via its indirect wholly-owned subsidiary, Indah Secretarial (Penang) Sdn Bhd, has entered into a share purchase agreement to acquire the entire issued shares of Alpadis Trust (Labuan) Ltd for US$750,000.
Yahoo
30-06-2025
- Yahoo
Suspect arrested following discovery of dead body on Hayden Island
PORTLAND, Ore. (KOIN) — A suspect was arrested after the discovery of a dead man on Hayden Island, Portland police announced Friday morning. According to PPB, officers responded to reports of a dead body on the west end of Hayden Island Thursday morning. Following an investigation by the PPB Homicide Unit, authorities said they arrested Timothy Hudson, 68, on charges including second-degree murder and second-degree assault. The case remains under investigation, and authorities are asking anyone with information to contact Portland police. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Star
19-06-2025
- Business
- The Star
PPB risk premium higher amid legal case in Indonesia
PETALING JAYA: Investors will likely demand a higher risk premium for PPB Group Bhd after its associate company, Wilmar International Ltd, revealed that its subsidiaries were charged by the Attorney General's Office (AGO) of Indonesia. Wilmar, which denied any wrongdoing over the alleged corruption conspiracy, had placed a security deposit of US$729mil with the AGO pending a Supreme Court decision. Kenanga Research, in a report, said: 'We believe this development is likely to raise the risk premium for PPB group, and could pose an overhang so long as it is not resolved, given that Indonesia accounts for about 10% of its business.' Wilmar is PPB's main asset and profit contributor, the research house noted. While the research house is maintaining PPB's financial year 2025 (FY25) and FY26 earnings, it said: 'We are downgrading our target price for PPB to RM10.50 from RM15.' Kenanga Research has also cut the stock to a 'market perform' call from an 'outperform' previously, as the matter would be submitted to the Supreme Court. The risks to its recommendation include weather impact on commodity supply and prices, regulatory changes affecting prices of essential goods and production cost inflation. In June 2023, Indonesia's AGO named three palm oil companies involved in corruption for conspiring with top Indonesian trade office to skirt palm oil export restrictions in 2022. Wilmar was one of the three companies and, at the time, it indicated that no official charges had been made against any companies in the group and it was seeking more details over the press reports. In March, all three parties were acquitted by the Central Jakarta Court but a month later, four judges and two lawyers were arrested by the Indonesian AGO. An employee of Wilmar was also reported to have been arrested.
