Very true as well. Like i mentioned, is their last card CU saved their ass.
I m not against the Company, but with the management team like that better i put my money elsewhere. Was visiting them quite frequently when there are MYNEWS, local brand, now they are like KOREAN already. I hate KPOP so too bad lar
Other income manage to cover the loss this q. Probably trimmed some expenses but everything else are the same. Many cashing out from small gain previously. First i knew this Company they have zero debts, with many private placements, now can't even attract whale investors
hahaha! what kind of different mkt? we are malaysians afterall. Things've changed, last time lesser competitors. Generally only myNews vs 7e. Many smokers switched to vape and also the implementation of the anti smoking law will be a blow to them. FPC also a big debt burden. No wonder EPF run first
Yeah, 49c!. Not sure if ice creams and breads are making losses, but I like them going venture into these. Only that they don't have creativity. Most of the the things follow family mart. No clear direction. Last time they JV with Jap, now with Korean, only to fight competitors off. Maru is indeed a good move and idea, however, I have no idea why the Japanese guy was removed or he left. Perhaps the management was not happy with him. Such a waste of talent.
And also hired so many board members for what? Bye myNews, you are falling hard this time.
They want market share. Neva buy from mynews then buy from CU lor. and profit sharing from CU wont be so abundant, cause the Company is merely a franchisor. All time low today. Closing should be below 50c already. EPF slowly disposing this very poorly managed Company
how old already still maternity leave? looking at it, it's a job downgrade & consultant's package will be much lower than CEO's and of course less authority call to any decision making action moving onwards. Or maybe tendered resignation or management terminating her soon
profitgrow yes you are right. but its wrong to ask people do not buy. is their money anyway. however, like i say, why are u all buying arbedeen tickets? why are they reducing their interest if they think its cheap now?
After announcement dropped. No clear direction, a while partner japanese, a while partner with korean. now team up with korean to fight your own maru concept? aim to open 500 stores in 5 years for cu, what abt your own stores? with the current economic situation, how big is the mkt share to fit all these stores?
Before this can have big share of market when family mart is still fresh but now no more. Also the management is very poor. High staff turnover in HQ. Many talents are not retained, maybe join competitor's business
Peeps, good news, finally they posted recruitment ads in jobstreet. However they posted under 'company confidential'. Wonder why can't post under their account? Consonant to this, another ads i saw (similar company overview) recruiting a senior finance manager, clearly indicates the turnover rate is high here = bad management. Run run run, unless wan get yourself stuck here!
techical rebound. sold all my lots already. good luck to all of you. coming quarters will be worse imho, as their jv whsmith (which i believe contribution quite significant of profit before this) is still at loss due to travel industry bounds. Lagi, can't even breakeven with the new fpc.
Easy push up also easy push down. How u know this coming quarter still profit making? my bet on quarter loss. Btw, where is the new CFO? Been months, but can't hire one? or no secretary to make announcement?
waiting for announcement for retired cfo replacement. how does a company operate without cfo? especially during this mco environment? No proper planning, when u know your cfo is retiring but replacement not ready
rental doesnt really impact much on the p&l. Only certain places are expensive in price, plus they only need small space for their most of their shoplots. No point keep expanding when your revenue keep increasing but margin keep falling. Things don't look good in management, in short term 2-3 years don't know change how many secretary, and the japanese expat COO also left before the FPC is ready. However, new CFO coming soon...