According to the newly announced budget, more goodies will be given away in the form of handouts to low income groups and 2% tax cut to the M40, consumers spending should improve further without lifting of subsidies by the government.
MyNews remains the best turnaround opportunity on the market. A lot of institutional interest in this company. PMs will try to shake retail out. MyNews is still trading 10% below intrinsic value
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
Just be cautious as the company grow CU store with more than 50% of the stores making losses as they grow further. Lease liabilities balloon from RM87mil in 2021 to RM154 mil in 2022. Cash is dwindling to all time low and expected either a rights issue or private placement in 1-2 quarters from now.
maybe rights issue. who want do pp with them? all institutional also left. used to have kwap, epf, aberdeen with them, where now only the owners are buying back themselves
@doll True and very much agreed. In fact, before they announced CU store project in 2020, the company had been making good revenue growth and very profitable.
They make good profit and revenue before FamilyMart came to malaysia. Problem with myNews is they always follow people. Last time says will beat 711 in their own game by setting up shops nearby 711. When FM came to Malaysia, they tried to copy by setting up their FPC, nobody goes to mynews and buy ice cream and bread, so they lose lots of money in FPC.
Now FM moving to dine in cafe style, go check out FamiCafe. CU now outdated already. Always a follower.
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
This guy named doll keeps lying. 2 months ago, this person @Doll tried to convince MyNews investors to sell their shares. If anyone listened to @doll, they would've missed out on the recovery.
Turnaround story + outlet growths + margin expansion = Due for breakout Imagine when MyNews starts slowing down on CU expansion and less CAPEX spent, economies of scale, FPC profitable and economy recovers to pre-covid which we are seeing now. I can only imagine huge profits. Double of pre-covid levels.
MyNews is a flip flop company, thats why sales are poor
example MyNews stopped selling newspapers. Hundreds of thousands of old men and old women stopped going to MyNews.
These old men and old women goes instead to 7Eleven to buy 1) Newspaper 2) Bread 3) Biscuits 4) etc high margin goods
so 7Eleven got free gift from MyNews. ha ha ha
MyNews now very ultra losses hyper sad super desperate started selling newspapers again. Question is does these Hundreds of thousands of old men and old women know that MyNews started selling newspapers?
my conclusion from above stupeeeed episode is that the CEO is an amateur tak pigi sekolah one loh.
its relevance these old men and old women dun know how to use microwave older generation they dunno mop news also. its internet news :) life is not fair but thats life :)
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StartOfTheBull
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Posted by StartOfTheBull > 2022-10-09 16:54 | Report Abuse
According to the newly announced budget, more goodies will be given away in the form of handouts to low income groups and 2% tax cut to the M40, consumers spending should improve further without lifting of subsidies by the government.