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A PRESENTLY subdued outlook of the resource-rich Middle Eastern region is not hindering some companies such as Power Root Bhd from bucking the trend there.
KUALA LUMPUR: AmInvestment Research is retaining its overweight call on the consumer sector as it expects consumer sentiment to remain healthy with Berjaya Food, Mynews, Power Root as its top picks.
KUALA LUMPUR: Shares of Power Root Bhd jumped in early trade Monday as coverage was initiated on the company with an “Add” rating by CIMB Equities Research.
POWER Root Bhd (code:7237) saw two consecutive days of share price increases over Wednesday and Thursday to put it on more bullish footing.
KUALA LUMPUR: AmInvestment Bank Research has initiated coverage on Power Root with a buy recommendation and a fair value of RM2.20.
KUALA LUMPUR: RHB research expects Power Root Bhd's 4QFY19 core net profit to come within forecast although headline numbers could be impacted by one-off provisions.
KUALA LUMPUR: JF Apex Research expects MISC Bhd, Chemical Co of Malaysia Bhd (CCM), Malaysia Steel Works (KL) Bhd (Masteel), Power Root Bhd and Sime Darby Bhd to be among the stocks to watch on Monday.