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We downgrade our call on Power Root to SELL from BUY with a lower fair value of RM1.21/share (vs. RM2.06/share), using an unchanged PER of 18x on FY22F EPS. We make no ESG-related price adjustment for our rating of 3 stars.
There is not the profit margin issue, it is the sales issue, pls read probably the report so that readers won’t be misled. Sugar tax increased in Middle East and the sales was too low compared to local sales, we have the reason to believe that must be some interruptions happening there.
Pwroot 4Q net profit slumps 85% on lower oversea revenue. And from the report anybody know that, what is the counter measure for oversea low revenue issue? And all sifu any forecast on this counter for future and what will be the fair price to go in?
