Page 2 - Power Root News Today

KUALA LUMPUR: Beverage maker Power Root Bhd has inked a co-investment agreement with SAPPE Holding Thailand Company Ltd to tap into the Malaysia-Thailand beverage market.

Higher sales in local and export markets boosted Power Root Bhd’s net profit by 87.14% to RM11.28 million in the third quarter ended Dec 31, 2022 (3QFY2022) from RM6.03 million a year earlier. Quarterly revenue rose 11.65% year-on-year to RM106.68 million from RM95.55 million before. As a result, earnings per share improved to 2.7 sen from 1.4 sen before, the instant and canned beverage manufacturer’s filing with Bursa Malaysia showed.

THE recovery theme was well in play even before Malaysia began its transition to the endemic phase of Covid-19 on April 1 because markets traditionally move ahead of the economy and financial results by at least six months. Some stocks began to rally in the early part of the year as investors anticipated that they would benefit from the reopening of borders. While some companies have continued to gain after the reopening of all economic sectors, profit-taking has had an effect on some stocks des...

KUALA LUMPUR: There could be some investor interest in stocks with recent corporate announcements including AirAsia X, Supermax, Sime Darby Plantations, TM, Hibiscus Petroleum, Guan Chong, SunCon, Power Root, Boustead Plantations and Pavilion REIT, said Apex Research.

PETALING JAYA: Malaysia’s consumer sector could face a more challenging year ahead in 2023.

Power Root Bhd’s net profit jumped by more than seven times to RM15.26 million in the first quarter ended June 30, 2022 (1QFY23) from RM2 million a year ago, lifted by favourable product sales mix. Earnings per share rose to 3.7 sen from 0.5 sen. The better profit was also lifted by a gain on foreign exchange of RM744,000 compared with RM214,000 previously, said the beverage maker in a filing with Bursa Malaysia.

KUALA LUMPUR: Bursa Malaysia remained in the negative territory at midday amid a broad-based sell-off after the steep decline on Wall Street overnight.

KUALA LUMPUR: Short-selling of shares in Power Root Bhd has been suspended by Bursa Securities after its share price plunged as much as 27 sen or 15.98% to RM1.42 a share in intra-morning trade.

KUALA LUMPUR, March 11 — Further increase in selling prices of consumer staples due to Russia-Ukraine war will likely be gradual and only happen in the second half of 2022 forecast to ensure products remain affordable, CGS-CIMB Securities Sdn Bhd said. It said among the consumer staple names,...

THERE’S a new beverage that mixes the best elements of fruit and herb from two leading East Asian countries.