SendStory Logo

PPB’s cinema biz emerges one of four key margin improvement contributors

Focus Malaysia LogoFocus Malaysia4 mo ago

PPB’s cinema biz emerges one of four key margin improvement contributors

Quick Summary

THE film exhibition and distribution segment which is poised to return to the black in late-3Q 2022 or 4Q 2022 has been regarded as one of the four key drivers that prompted UOB Kay Hian Research to upgrade PPB Group Bhd to "buy” (from "sell” previously) with a higher target price of RM18.

With this, UOB Kay Hian expects this segment to see better margin improvement and healthy sales volume and hence, return to turn black in 3Q 2022 (this segment contributes about 45%-50% to PPB group’s operating profit).At 9.06am, PPB was up 12 sen or 0.73% to RM16.52 with 1,000 share traded, thus valuing the company at RM23.5 bil.

In September 2021, GSC completed the acquisition of 18 cinema assets from MCAT Box Office Sdn Bhd and Reel Entertainment Holdings Sdn Bhd, increasing its domestic market share to more than 50%.


More Pictures

News Analysis

Author / Journalist: Cheah Chor Sooi

Category: Business Finance

Topics: Top Business

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: focusmalaysia.my

Readership Location: Malaysia

Published Date: 2022-08-11, 04:20:12

News Timezone: GMT +8:00

Language: English

Original Article Length: 342 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1537788

Load More

About Publisher

Focus Malaysia Logo

Name: Focus Malaysia

Main Topics: BusinessFinance

Official Website: focusmalaysia.my

Update Frequency: 10 posts per day

Last Update: 8h ago

Headquarters: Malaysia

Coverage Areas: Malaysia

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #64

Load More

SendStory makes reading the news super fast, short, and sweet by summarizing every story into 3 sentences. Our mission is to create an informed generation of people by making news extremely easy to read, while saving your precious time staying informed.

© Copyright 2022 SendStory. All Rights Reserved.