With six distinct segments currently under its stable of businesses, the group’s new venture into the packaging sector may finally provide it with the stable business and cashflow contributor it needs, say analysts. KPS, which is majority owned by the Selangor state government, currently has business interests in the infrastructure and utilities, oil and gas, hospitality, telecommunications, trading, and investment holding segments. The packaging sector is considered a good proxy for economic and population growth. “CBB can provide a foundation for KPS to expand into different production lines in the packaging business. Both KPS and CBB are also in a net cash position, which means that gearing up will not be an issue.

Source: The Star August 12, 2016 23:53 UTC