CIMB says PPB faces weaker third quarter on Wilmar margin pressure

CIMB Securities expects PPB to have a weaker third quarter, citing costs and soybean crushing margins that have hit Wilmar. Other outlets report analysts cutting Wilmar's target price and a drop in its quarterly profit.

Timeline

1. 30 Oct, 09:00 UTCFirst appeared on Google Trends
2. 30 Oct, 09:00 UTCThe Edge Malaysia covers CIMB PPB outlook
3. 30 Oct, 09:00 UTCBusiness Times reports Wilmar target price cut

Top sources

• wilmarGoogle Trends
• Analysts cut target price for Wilmar amid regulatory overhang, higher raw material costsThe Business Times
• Wilmar's quarterly profit drops, tough operating environment to persistTradingView