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Maybank optimistic about Puregold growth

PUREGOLD Price Club Inc. (Puregold) is expected to deliver stronger growth this year on the back of aggressive store expansion and DiviMart conversions, Maybank Investment Banking Group said.

The Lucio-Co-led retail firm will likely generate 6.0 percent year-on-year revenue growth this year from its wholesale and retail outlets, Maybank said in a report.