Feel free to join MyNews investors community telegran discussion group: MyNews Investors (CU)

The first quarter is typically the weakest quarter in any given calendar year due mainly to a shorter operating period resulting from the Lunar New Year holidays and seasonal decline in demand for cars. In the past three years between 2018 and 2020, the Group’s first quarter revenue had declined sequentially between 15% and 20%.

Hi all, just to clarify some concerns on store rollouts between 30 to 50 outlets this year as targeted. I briefly spoke to Madam Low at the Puchong outlet launch and she confidently highlighted that the progress is on track. Hitting 30 stores is not an issue. Once the first few stores have been opened and getting the SOPs / systems right, subsequent rollouts will be very fast. Loyalty app is also in development progress.

Hi! Any insights on the next CU store opening?