[%DyIr%]
Research by RHB
Neutral - TP RM1.51

"Not Out Of The Woods Yet"

Maintain NEUTRAL, with new TP of MYR1.51 from MYR1.68, 1% downside. Power Root’s 1QFY25 (Mar) results missed expectations on lower-than-expected sales. We maintain our cautious stance on the stock as we believe the recovery of export markets will be patchy given the prevailing challenges whilst the domestic market will continue to be constrained by subdued consumer sentiment. Current valuation could have priced in the challenges, whilst the consistent dividend payout and share buyback should support the share price.

Analyst:
Soong Wei Siang 
[%qbgX%]

$KLSE-PWROOT
Research by RHB
Neutral - TP RM1.51

"Not Out Of The Woods Yet"

Maintain NEUTRAL, with new TP of MYR1.51 from MYR1.68, 1% downside. Power Root’s 1QFY25 (Mar) results missed expectations on lower-than-expected sales. We maintain our cautious stance on the stock as we believe the recovery of export markets will be patchy given the prevailing challenges whilst the domestic market will continue to be constrained by subdued consumer sentiment. Current valuation could have priced in the challenges, whilst the consistent dividend payout and share buyback should support the share price.

Analyst:
Soong Wei Siang 
soong.wei.siang@rhbgroup.com