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 PPB Group, Long term fundamental stock

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mok thye yee
post Aug 31 2010, 05:32 PM

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Robert Kuok is older than Teh HP.

Anyway, Kuok has been existing Malaysia scene, he transfered all the palm oil asset to Wilmar, he sold the sugar business to Felda (but Wilmar is going big into the whole supply chain of sugar), his family sold some prime land in KLCC, he sold pelangi years ago, he is in the process of selling his insuarance company, not to forget he sold his shipping business to PETRONAS if i am not mistaken.

PPB "was" long term fundlemental and it "was" used to be Kuok's group centric for sugar and palm oil, going forward i dun really see the "road" for PPB as the centric for sugar and palm oil for Kuok's group is now Wilmar.

PPB now is just holding some property landbank, tonne of cash, Golden Screen Cinema, some flour mill and less than 20% of Wilmar. So u may expect some decent div yield, but it will not be engaging anything big going forward.

For Wilmar, it is headed by William Kuok, nephew of Kuok, who is heading the whole palm oil and sugar business of Kuok group and he is a young corporate figure and very aggressive in expanding the palm oil and sugar business.

So if u still wanna invest in Kuok group, Wilmar or PPB, ur call.

Footnote: despite selling of the malaysian sugar business, Kuok's group is still involve in 10% of sugar trade world wide.
mok thye yee
post Sep 3 2010, 08:42 PM

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QUOTE(jimmyktp @ Sep 1 2010, 02:47 AM)
well he now owns Australia's central sugar refinery
*
own via Wilmar

 

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