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KUALA LUMPUR: AmInvestment Bank Research has initiated coverage on Power Root with a buy recommendation and a fair value of RM2.20.
KUALA LUMPUR: The local bourse started on a positive note before slipping into the red by the late morning session as investors weighed in on the threat of US military action in Syria.
UOB Kay Hian said Astro is oversold following the 33% share price retracement in the year-to-date basis (versus the FBM KLCI’s 3.6% gain).
KUALA LUMPUR: Technology stocks advanced early Wednesday, underpinned by gains in KESM, MPI and Globetronics while the FBM KLCI continued to chalk up gains following the positive overnight close on Wall Street.
KUALA LUMPUR: Kenanga Research has maintained outperform on Power Root Bhd with a lower target price of RM1.65 from RM2 as it revalues the stock as 15.0x price-earnings following the de-rating of small cap stocks.