[%rGYD%]
Research by Kenanga
Underperform - TP RM1.28

"Taking a Longer Coffee Break"

PWROOT's 1QFY25 results missed expectations due to higher-than-expected operating costs. Its 1QFY25 net profit fell 52% on lower sales from the overseas markets coupled with high operating costs. We cut our FY25-26F net profit forecasts by 12-6%, respectively. Correspondingly, we reduce our TP by 9% from RM1.40 to RM1.28 (on calendarised CY25 earnings) and maintain our UNDERPERFORM call.

Analyst:
Cheow Ming Liang 
[%TNWQ%]

$KLSE-PWROOT
Research by Kenanga
Underperform - TP RM1.28

"Taking a Longer Coffee Break"

PWROOT's 1QFY25 results missed expectations due to higher-than-expected operating costs. Its 1QFY25 net profit fell 52% on lower sales from the overseas markets coupled with high operating costs. We cut our FY25-26F net profit forecasts by 12-6%, respectively. Correspondingly, we reduce our TP by 9% from RM1.40 to RM1.28 (on calendarised CY25 earnings) and maintain our UNDERPERFORM call.

Analyst:
Cheow Ming Liang 
cheowml@kenanga.com.my