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KLSE: MYNEWS       MYNEWS HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.915 1.45     +0.535 (58.47%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
23/12/2019 1.10 1.57 +0.47 (42.73%) BUY AmInvest Price Target News
20/12/2019 1.11 1.45 +0.34 (30.63%) BUY RHB-OSK Price Target News
20/12/2019 1.11 1.20 +0.09 (8.11%) HOLD KENANGA Price Target News
20/12/2019 1.11 1.16 +0.05 (4.50%) BUY AmInvest Price Target News
06/12/2019 1.17 1.66 +0.49 (41.88%) BUY AmInvest Price Target News
03/10/2019 1.34 1.55 +0.21 (15.67%) BUY Rakuten Price Target News
03/10/2019 1.35 1.55 +0.20 (14.81%) BUY KENANGA Price Target News
03/10/2019 1.35 1.66 +0.31 (22.96%) BUY AmInvest Price Target News
27/09/2019 1.35 1.55 +0.20 (14.81%) BUY KENANGA Price Target News
27/09/2019 1.37 1.66 +0.29 (21.17%) BUY AmInvest Price Target News


Price Target Research Article/News (past 6 months)
23/12/2019  AmInvest Mynews Holdings - Focused on increasing take-up rate of its RTE
20/12/2019  RHB-OSK Mynews - Pain Before Gain; Keep BUY
20/12/2019  KENANGA MyNews Holdings Berhad - FY19 Below Expectations
20/12/2019  AmInvest MYNEWS HOLDINGS - Hit by Higher-than-expected Gestational Costs
06/12/2019  AmInvest MYNEWS HOLDINGS - Smooth Operations at New FPC
03/10/2019  Rakuten MyNews Holdings Bhd - Branching out
03/10/2019  KENANGA MyNews Holdings Berhad - Dashing to Serve Fresh Foods
03/10/2019  AmInvest Mynews Holdings - Delicious times ahead
27/09/2019  KENANGA MyNews Holdings Berhad - 9M19 Within Expectations
27/09/2019  AmInvest Mynews Holdings - 3QFY19 Net Profit Up 15.7% YoY



  Lasereye likes this.
 
Victor Yong Can manufacture frozen foods like kawan and export to other countries. Those countries without mynews

RHB IB said the earnings disappointment is mainly attributed to larger-than-expected losses from the group's manufacturing units, 51%-owned Mynews Ryoyupan Sdn Bhd and Mynews Kineya Sdn Bhd.
14/01/2020 9:10 AM
Victor Yong Expecting the director , ding, continue s to buy more shares , also EPF although holds more than 5%+ already
14/01/2020 9:14 AM
Victor Yong The FY20 game plan
Mynews will focus on growing its customer reach and driving RTE demand in the near-term through higher store openings while investing in marketing efforts for Maru Kafe and RTE products to lift overall sales. Our earnings forecasts are unchanged. At 21.1x FY20E PER, Mynews currently trades at a 33% discount to its mean PER of 31.6x. We reiterate our BUY call and MYR1.35 TP (28x CY20 PER; consumer sector peer average) with a FY19-FY22E EPS CAGR of 19%.
14/01/2020 9:19 AM
Victor Yong LIST OF THIRTY (30) LARGEST SHAREHOLDERS AS AT 31 JANUARY 2019
No. Shareholder
Shareholding
No. %


1 D&D Consolidated Sdn Bhd 373,777,000 54.79
2 Kumpulan Wang Persaraan (Diperbadankan) 31,141,400 4.57
3 Dang Tai Kien 22,945,000 3.36
4 DB (Malaysia) Nominee (Asing) Sdn Bhd
The Bank of New York Mellon for The Board of Regents of the University of
Texas System
13,535,000 1.98
5 Cititgroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Aberdeen)
12,936,100 1.90
6 HSBC Nominees (Tempatan) Sdn Bhd
HSBC (M) Trustee Bhd for Affin Hwang Select Opportunity Fund (3969)
12,470,200 1.83
7 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Commerce Trustee Berhad – Kenanga Growth Fund
12,436,600 1.82
8 Citigroup Nominees (Asing) Sdn Bhd
Exempt An for Citibank New York (Nogres Bank 9)
11,927,300 1.75
9 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
9,690,000 1.42
10 HSBC Nominees (Asing) Sdn Bhd
Exempt An for Morgan Stanley & Co. International PLC (IPB Client Acct)
9,666,200 1.42
14/01/2020 9:30 AM
Victor Yong KUALA LUMPUR: As the general outlook for the consumer sector remains soft, economists believe the bright spot for the sector will be the government’s Visit Malaysia 2020 (VM2020) campaign, which is expected to boost spending on the back of an increase in tourist arrivals.

For the first nine months of 2019, Malaysia’s international tourist arrivals and tourist receipts increased by 3.7% and 6.9% year-on-year to 20.1 million and RM66.1 billion respectively.

With VM2020, the government is targeting 30 million international tourist arrivals in 2020 with total tourist receipts of about RM100 billion.

“To ensure the success of VM2020 and strengthen the tourism industry in Malaysia, the government has allocated RM1 billion in the Tourism Infrastructure Fund until end-2020 to provide financial assistance to existing and new companies involved in tourism-related activities and services,” AllianceDBS Research said in a note recently.

“The fund is eligible for all tourism infrastructure projects in Malaysia. These are projects that contribute to the development of the tourism industry such as, but not limited to hotel, convention centres, facilities related to education, medical or agro-tourism,” the research house said.

Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng said with VM2020, certain listed companies may indirectly benefit from increased tourist arrivals, such as Genting Malaysia Bhd, which owns and operates Resorts World Genting.

He also likes Berjaya Food Bhd, which operates the Starbucks chain of specialty coffee outlets via franchise, as he sees the growing coffee chain remaining as a key earnings driver.

Meanwhile, AllianceDBS also believes that the current crude palm oil (CPO) price rally will improve purchasing power, particularly in the palm oil sector.

CPO prices have recovered since the second half of 2019. Since hitting a low of RM1,865 per tonne in June 2019, the settlement price has been trending up to reach RM3,128 on Dec 30, 2019.

“The sustained price recovery of CPO could boost purchasing power of the workforce and growers in palm oil-related sectors, which in turn may induce higher consumer spending in rural areas,” said AllianceDBS.

Looking ahead, the research house believes that Dutch Lady Milk Industries Bhd, Fraser & Neave Holdings Bhd and Nestle (Malaysia) Bhd could benefit from increased consumer spending arising from Budget 2020’s initiatives and the recovery in CPO prices.

“Meanwhile, Mynews Holdings Bhd, 7-Eleven Malaysia Holdings Bhd, AEON Co (M) Bhd and Berjaya Food Bhd are [also] well positioned to capitalise on higher tourist spending from VM2020,” it added.
14/01/2020 9:32 AM
Victor Yong KUALA LUMPUR: Economists are neutral on the prospects of the consumer sector in 2020 as data shows Malaysians are becoming more cautious about their spending.

The Malaysian Institute of Economic Research’s (MIER) Consumer Sentiment Index contracted by nine points quarter-on-quarter to 84 points in the third quarter of 2019 (3Q19), marking the lowest below optimistic threshold level since 4Q17.

“MIER noted that the domestic spending momentum would deteriorate in the near future due to anxieties over rising living cost, a sluggish job outlook coupled with limited shopping plans due to weakening purchasing power,” AllianceDBS said in a research note dated last Friday.

Retail Group Malaysia (RGM) recently cut its annual retail sales growth forecast for 2019 from 4.4% to 3.7%, in view of a disappointing growth of 1.8% in 3Q19 and the expected weak growth expected in 4Q19. This was RGM’s third revision since the beginning of 2019.

For 2020, the group is projecting a 4.6% growth for retail sales, although it noted that the year will remain a challenge for the Malaysian retail industry.

“Externally, trade disputes between countries are not expected to end soon. Internally, economic policies that can stimulate consumers’ spending are limited in the near term,” RGM said in its Malaysia Retail Industry Report released recently.

Despite the low consumer sentiment as measured by MIER, AmInvestment Bank said it expects healthy consumer spending to be sustained on the back of a steady labour market and stable inflation. The bank has projected private consumption to grow at 6.9%.

Socio-Economic Research Centre (SERC) executive director Lee Heng Guie is projecting private consumption growth to slow to 6.7% in 2020 from an estimated 7.2% in 2019.

“The estimation is slower compared with an average of 7% in the past-five years,” Lee told The Edge Financial Daily.

He said wage growth is a vital factor to support consumer spending. Noting that salary increment for 2020 is expected to remain slow, he said this will continue to affect consumers’ spending power.

Private sector wage growth moderated to 3.8% in 3Q19 from 4.2% in 2Q19. Bank Negara Malaysia (BNM) said this was supported mainly by services wage growth, which was relatively sustained at 4.1% in 3Q19, versus 4.4% in 2Q19, particularly in the food and beverage, and information and communication sub sectors.

Growth of manufacturing wages however moderated to 3.2% in 3Q19, from 3.9% in 2Q19.

Lower wage growth was also observed largely in export oriented industries, particularly in the electrical and electronics (3Q19:4.1%; 2Q19: 5.1%) and petrochemical clusters (3Q19:2.2%; 2Q19: 3.1%).

The slower rate of wage increment contributed to a weaker private consumption growth of 7% in 3Q19, down from 7.8% in 2Q19. BNM noted that this was due to household spending normalising towards a long-term trend as well as strong base effects from the tax holiday spending last year.

Meanwhile, SERC’s Lee stressed the need to watch out for global economic conditions such as the Sino-US trade dispute. But with some positive developments on the trade war front, he is hopeful there will be stability of sentiments.

“For me, the sentiment stability will only kick in by the second half of 2020. Hopefully China and the US will continue to push for a trade agreement following the ‘phase one’ trade deal [announced last month],” he said.

Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng said the outlook for the retail segment will remain weak for the next few months, as he has yet to see signs of recovery in the nation’s economy.

Malaysia’s gross domestic product moderated to 4.4% in 3Q19 from a year earlier, after 2Q19’s 4.9% year-on-year expansion.

“The retail sector is a proxy to the economy. If consumer confidence comes back, that means the economy is improving. But, that is yet to be seen,” Wong said.

Among consumer product stocks, AmInvestment Bank has a “buy” call on Power Root (fair value [FV] RM2.82), Guan Chong (FV RM3.49), Mynews Holdings (FV RM1.66), Berjaya Food (FV RM1.57) and Leong Hup International (FV RM1.04). AmInvestment Bank’s top pick for the sector is Power Root.

“We believe that Power Root will be a beneficiary of healthy consumer spending and export growth. We continue to like the company because of: i) its strong earnings recovery from streamlining of costs; ii) strong export sales growth from its planned expansion; iii) its scarcity premium for exposure to the instant coffee segment as Power Root is the closest to a pure play in the segment; and iv) a decent estimate dividend yield of 4.3% to 5.5% from FY20F to FY22,” AmInvestment Bank analyst Nafisah Azmi said in a report dated Dec 19, 2019.
14/01/2020 9:33 AM
Victor Yong 52 Weeks Range: 0.93 - 1.49
Average Price Target: 1.45
Price Target Upside/Downside: +0.515
14/01/2020 9:36 AM
Victor Yong LIST OF THIRTY (30) LARGEST SHAREHOLDERS AS AT 31 JANUARY 2019
No. Shareholder
Shareholding
No. % (continued)


11 Dang Tai Gean 9,178,000 1.35
12 CIMB Bank for D&D Consolidated Sdn Bhd (M2681A)
9,000,000 1.32
13 CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank for D&D Consolidated Sdn Bhd (M2682A)
9,000,000 1.32
14 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Aberdeen)
8,545,300 1.25
15 Maybank Nominees (Tempatan) Sdn Bhd
Affin Hwang Asset Management Berhad for Hong Leong Assurance Berhad
(PAR-220082)
7,250,000 1.06
16 Maybank Nominee (Tempatan) Sdn Bhd
National Trust Fund (IFM Kenanga)
5,265,900 0.77
17 HSBC Nominees (Asing) Sdn Bhd
HSBC-FS I for JPMorgan Eastern Smaller Companies Fund
4,542,600 0.67
18 HSBC Nominees (Asing) Sdn Bhd
PICTET and CIE (Europe) for Quaero Capital Funds (LUX)-Bamboo
4,280,000 0.63
19 HSBC Nominees (Asing) Sdn Bhd
HSBC-FS I for JPMorgan Malaysia Fund
3,902,000 0.57
20 HSBC Nominees (Asing) Sdn Bhd
TNTC For Strathclyde Pension Fund
3,773,000 0.55
21 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB Prin)
3,754,600 0.55
22 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan)(Affin Hwang SM CF)
3,734,100 0.55
23 Liew Heng Heng 3,477,300 0.51
24 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Kenanga)
3,408,200 0.50
25 Maybank Nominees (Tempatan) Sdn Bhd
MTrustee Berhad for Tenaga Nasional Berhad Retirement Benefit Trust Fund
(FM-Aberdeen) (419500)
3,260,000 0.48
26 CIMB Group Nominees (Tempatan) Sdn Bhd
Exempt An for Petroliam Nasional Berhad (Affin)
2,812,200 0.41
27 DB (Malaysia) Nominee (Asing) Sdn Bhd
The Bank of New York Mellon for GreatLink Asean Growth Fund
2,610,400 0.38
28 DB (Malaysia) Nominee (Tempatan) Sendirian Berhad
Affin Hwang Asset Management Berhad for Malaysian Timber Council
(Operating Fund)
2,404,600 0.35
29 Maybank Nominees (Tempatan) Sdn Bhd
Medical Fund (IFM AffinHwang)
2,354,200 0.35
30 HSBC Nominees (Asing) Sdn Bhd
BBH and CO Boston for Grandeur Peak Emerging Markets Opportunities Fund
2,292,100 0.34
14/01/2020 9:46 AM
DickyMe 50 sen coming fast!!
14/01/2020 10:00 AM
Victor Yong :)

steadily recovering after the announcement of minimum wage of rm1200 effective 1 Feb yesterday. knee-jerk reaction :)
14/01/2020 10:16 AM
investmalysia It’s coming back to 1.20
14/01/2020 10:27 AM
Victor Yong MYNEWS Financial Information
Market Capital (RM) 644.64m
Number of Share 682.15m
EPS (cent)* 3.93
P/E Ratio 24.05
ROE (%) 8.93
Dividend (cent)^ 1.000
Dividend Yield (%) 1.06
Dividend Policy (%) 0
NTA (RM) 0.440

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2019-10-31.


SEM Financial Information (7-11)
Market Capital (RM) 1.727b
Number of Share 1.233b
EPS (cent)* 4.48
P/E Ratio 31.25
ROE (%) 56.71
Dividend (cent)^ 2.400
Dividend Yield (%) 1.71
Dividend Policy (%) 0
NTA (RM) 0.079

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-12-31.
14/01/2020 10:45 AM
Victor Yong MYNEWS Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
10 Jan 2020 Acquired
105,000 Mr Ding Lien Bing
06 Jan 2020 Acquired
100,000 Mr Ding Lien Bing
23 Dec 2019 Acquired
300,000 Employees Provident Fund Board
20 Dec 2019 Acquired
300,000 Employees Provident Fund Board
17 Dec 2019 Acquired
178,500 Employees Provident Fund Board
06 Nov 2019 Acquired
776,800 Mr Dang Tai Wen
06 Nov 2019 Acquired
776,800 Mr Dang Tai Luk
06 Nov 2019 Acquired
776,800 Mr Dang Tai Hock
16 Oct 2019 Acquired
1,000,000 Mr Dang Tai Wen
16 Oct 2019 Acquired
1,000,000 Mr Dang Tai Hock
14/01/2020 10:47 AM
Victor Yong Stronger quarter ahead for Mynews, CGS-CIMB Research says
ANALYST REPORTS
Friday, 20 Dec 2019 9:01 AM MYT

CGS-CIMB Research said Mynews 4QFY10/19 revenue rose to RM139.8m (+6.2% qoq), thanks to more new store openings and higher sales of its in-house ready-to-eat (RTE) products.
14/01/2020 10:51 AM
Victor Yong Since mynews is a Malaysian brand unlike 7-11 which is American, government should support those who wanted to do franchise to choose mynews instead. No royalty payment outflow to USA
14/01/2020 11:37 AM
Victor Yong Good potential to expand mynews franchise biz in Perlis, Kedah, kelantan , pahang and Trengganu which are still backward/mundur
14/01/2020 11:39 AM
Victor Yong Promote mynews for franchise instead of 7-11, tak payah bayar royalty kepada Amerika :)
14/01/2020 11:45 AM
Victor Yong Buy at MYNEWS to support Malaysian economy unlike 7-11 which is American and family mart which is Japanese. No royalty outflow to USA and japan
14/01/2020 12:03 PM
Victor Yong direct biz transactions in 2019 , good prices too :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/11/2019 00:00:00 1.3000 0.0100 776,800 776,800 1.010m 1.010m 1.3000 0.1139 -
16/10/2019 00:00:00 1.3500 - 1.000m 1.000m 1.350m 1.350m 1.3500 0.1466 -
01/10/2019 00:00:00 1.3500 - 538,800 1.284m 727,380 1.733m 1.3500 0.0790 -
01/10/2019 00:00:00 1.3500 - 745,000 1.284m 1.006m 1.733m 1.3500 0.1092 -
22/07/2019 00:00:00 1.4100 - 410,600 410,600 578,946 578,946 1.4100 0.0602 -
02/07/2019 00:00:00 1.3700 - 250,000 250,000 342,500 342,500 1.3700 0.0366 -
14/01/2020 12:22 PM
Victor Yong impressive, buy rate 85%, 67 transactions :)
14/01/2020 1:09 PM
Victor Yong A lot of long term institutional investors, retailers Yang mau lari sudah lari semalam :)
14/01/2020 2:44 PM
Victor Yong The price was pressed down till yesterday but today released an article in the edge Pula :)

https://www.theedgemarkets.com/article/mynews-expected-focus-growing-customer-reach-rte-segment
14/01/2020 3:17 PM
investmalysia That’s why you heard many uncle and aunties losing their money in share market. No holding power and simply cut lost.
14/01/2020 4:02 PM
wakarimas the price drop from 1.44 to 0.94. Already 50cent discount, which is around 1/3 already, what else waiting for ? ahhaha , sapu lah
14/01/2020 4:27 PM
investmalysia Yes. I’ve sapu 500k worth of shares these few days. This going to give me big angpao soon
14/01/2020 4:29 PM
Victor Yong consider good performance today. overall market was in red. mynews has risen 1sen, closed at 94.5sen.

if overall market is green tomorrow, stronger rebound :)
14/01/2020 5:14 PM
Sky Soo Ist buy at .80, 2 nd buy at .70 and last big buy would be at .60.
15/01/2020 9:35 AM
investmalysia Grab the chance now instead of day dreaming
15/01/2020 12:37 PM
Sky Soo Every day drop a bit. Soon .90 is almost reachable. If the market going to clash, we might even see .70 also. Gestation period can last as long as 2-3 years. Any rebound is limited.
16/01/2020 3:26 PM
Sky Soo now the first support is .90 and then .80
16/01/2020 5:28 PM
wakarimas all investment bank keep giving high target price,but the share price keep dropping like hell........ what oh????
16/01/2020 5:53 PM
AlexChong196 https://klse.i3investor.com/blogs/alexchong196/259803.jsp
MYNEWS - Strong Growth ahead in FY20-FY22 ( Stock of the Year ) - The Investment Journey with AlexChong | I3investor
16/01/2020 10:32 PM
DickyMe 50 sen coming fast!!
16/01/2020 10:41 PM
Multibagger I think top line growth will still be strong but bottom line depend on the success of its RTE products.
Top 30 shareholders control 90% and most of them need not announce change in shareholdings as its below the 5% threshold. If the recent selldown not by one or few of the fund, who else has so much shares to sell? Not forgetting most of them came in since IPO, meaning their cost is only 55 sen. I believe the selldown is due to expectation of slower or negative growth in bottom line after the not so encouraging results in last 2 quarters.
Worth keeping eye on this stock but may be too early to enter now...my 2 cents.
17/01/2020 3:16 AM
EngCCCC Is mynews continue train to Batam?
17/01/2020 9:50 AM
DickyMe 50 sen coming fast!!
17/01/2020 10:30 AM
DickyMe "investmalysia Yes. I’ve sapu 500k worth of shares these few days. This going to give me big angpao soon
14/01/2020 4:29 PM"

RIP !!
17/01/2020 10:37 AM
Sky Soo Dick Good for your 500K sapu. I will wait for 70 sen before any further entry.
17/01/2020 10:41 AM
DickyMe LOL..it is not me who sapu. Please read carefully.
17/01/2020 11:56 AM
Choivo Capital I've been looking at this for more than a year. The price is almost there.

One or two more q of increased losses from RTE its only at 30% capacity and losing 7m, Haha. 60% may lose more than 10m.

The direction and management of the company is right, however, it depends very strongly on how good are they at optimizing the RTE.

70 sen would be an interesting price.
17/01/2020 11:56 AM
Sky Soo Can slowly start buying at 80 sen, all the way down to 70 sen.
17/01/2020 12:24 PM
fmbklci if you expecting to drop to 70cents why buy at 80cents lol
17/01/2020 2:01 PM
wakarimas mynews really interesting to me
17/01/2020 2:04 PM
DickyMe 50 sen coming soon!
17/01/2020 2:06 PM
fmbklci dickyme, short mynews then. what you waiting???
17/01/2020 2:28 PM
wakarimas aiyo.....why drop and drop everday......who is dumping oh....
21/01/2020 1:18 AM
Sky Soo Getting more and more interesting. Hope it will drop below .90 tomorrow.
22/01/2020 5:40 PM
Sky Soo Waiting for someone to hammer it down to .90.
23/01/2020 2:35 PM
investmalysia Virus are no spreading all over the place. People will not be going out. They will eat At mynews
26/01/2020 8:56 AM
Sky Soo Ha Ha. They will eat at FamilyMart. Buy QL. Its going to 10.00.
27/01/2020 3:02 PM


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