Revamped KPS raring to go

BIMB Securities Research said: “We believe the new and transformed KPS will fulfil its value-creation plan to enhance businesses and thus realise a sustainable, long-term earnings growth.”

KUALA LUMPUR: Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS), which is transforming into a manufacturing-based entity, is expected to double its return on equity in the next three years.

BIMB Securities Research said the group is looking to fulfil its value creation plan to enhance its businesses, translating to earnings growth.