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.
Notably, KPS has also disposed of some low-return companies.
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