<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 24): CIMB IB Research has initiated coverage on Power Root Bhd at RM1.56 with an “Add” rating and target buy of RM2.07 and said the company is one of Malaysia’s largest coffee manufacturers, commanding a 14.5% share of the Malaysian coffee market as at Sep 2017 (source: Nielsen).</p></div>

<div class=newsTextDataWrapInner><p>In a note Sept 21, the research house said the company is set to capitalise on the growth of its export markets and to benefit from improved consumer sentiment on the domestic front.</p></div>

<div class=newsTextDataWrapInner><p>“It is also focusing more on its profitability as it scales back A&amp;P spending and reinvests profits from commercial investments over the past few years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We initiate coverage with an Add recommendation and end-2019F target price of RM2.07, based on 19x CY19F P/E,” it said.</p></div>


KUALA LUMPUR (Sept 24): CIMB IB Research has initiated coverage on Power Root Bhd at RM1.56 with an “Add” rating and target buy of RM2.07 and said the company is one of Malaysia’s largest coffee manufacturers, commanding a 14.5% share of the Malaysian coffee market as at Sep 2017 (source: Nielsen...

CIMB Research starts coverage on Power Root, target price RM2.07 

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<p>Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>
