KUALA LUMPUR: AmInvestment research has revised its earnings for Power Root Bhd to account for higher sales estimates from the local and export markets, favourable raw materials costs and improved margins from streamlining efforts.
"We maintain our BUY call on Power Root with a higher FV of RM2.00/share after rolling forward our valuation period to FY21F and increasing FY20F, FY21F and FY22F earnings by 10%, 12% and 8% respectively," it said.
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