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Power Root still a ‘buy’ despite declining earnings The Edge 3 hrs ago Supriya Surendran © Provided by The Edge DESPITE recording a decline in earnings for the third quarter of its financial year ending March 31, 2021 (3QFY2021), Power Root Bhd still commands a “buy” call. A check on Bloomberg shows that three out of four brokerages covering Power Root have a “buy” call on the stock, with an average target price of RM2.15, or an upside of 21% to its closing price of RM1.77 last Tuesday. The group is involved in the fast-moving consumer goods sector, with brands such as Alicafé, Per’l Café and Ah Huat White Coffee in its product range. It reported a 46% year-on-year decline in net profit to RM7.05 million in 3QFY2021, on the back of a 20% decline in revenue to RM80.6 million.

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