Gonna move to rm1.50 soon. They doing everything right this time from the right training, branding and even cost optimisation. They shld speed up opening more stores in time for tourist arrivals by Q3 onwards... Cu at 1.50, last chance to get on board
NICE TO 'CU" IS CU COMPARABLE TO FAMILY MART? WILL CU BRING MYNEWS TO ANOTHER HEIGHT?
1) 570 MYNEWS OUTLETS. MYNEWS currently operates 570 MYNEWS outlets in Malaysia.
2) KEY STRENGTHS INTEGRATED FOOD CHAIN, FPC & RTE PRODUCTS. In FY19, MYNEWS completed a fully integrated Halal food supply chain and a Food Processing Centre (“FPC”) in Kota Damansara. Commercial production started in June 2019, rolling out ready-to-eat (RTE) meals and bakery products. Production is smooth.
3) ONLINE ORDERING, AN INTEGRAL PART OF THE NEW NORMAL. MYNEWS caters for online orders. MYNEWS DASH was rolled out in late September 2019 with its first hub at the Taman Tun Dr Ismail outlet to cater for online orders for its RTE foods and other daily needs products.
4) DOUBLE DIGIT REVENUE GROWTH. During FY19, except for print media, all other product categories recorded double digit growth in revenue.
5) GROWING LARGER, WHILST SEEING STRONG RTE POTENTIAL. Management expects MYNEWS to grow larger and stronger with time, driven by MYNEWS’ higher store count, increase in number of Maru Kafe concept outlets and the effective utilization of the FPC. MYNEWS are still within gestation period of FPC’s roll out. Management expects earnings to improve when economies of scales are achieved. Management sees strong potential and contribution of RTE to the in-store sales in the long run, as proven by the convenience stores with the same concept in Thailand, Japan and Taiwan.
6) CU x MYNEWS. On Oct 12, 2020, MYNEWS became the master franchisee of South Korean convenience store brand CU in Malaysia. CU is one of the leading convenient stores in South Korea, with more than 15,000 stores. Master franchisee agreement: a 10-year period, with a renewal option of an additional 10 years.
7) 1ST STORE WITHIN 2 MONTHS, 499 MORE WITHIN 5 YEARS. MYNEWS targets to open the first CU store in 1Q21 and open a total number of 500 CU stores in the next 5 years. CU 'menu' here (https://klfoodie.com/cu-convenience-store-malaysia/) - Would Malaysians like it? Would it be comparable to FamilyMart?
8) LEVERAGING FPC. CU’s fresh food will be manufactured at MYNEWS’ existing food processing center, improving its utilization rate, economy of scale and profitability.
9) CU PAYBACK PERIOD. Estimated 2-3 years per CU store.
10) BUSINESS RISKS. Management does not expect CU stores to contribute much line earnings in the near term due to gestational costs. Market competition may intensify. Competitors include Family Mart, 7-Eleven, MYNEWS, KK Mart and 99 Speedmart.
11) POSITIVE OPERATING CASHFLOWS DESPITE LOSS-MAKING. MYNEWS had 2 loss making quarters due to MCO and CMCO. However, their net losses are partly due to items write-off and depreciation. Even during MCO and CMCO, MYNEWS still generated positive cash flow from operating activities.
12) ACQUIRING SHARES BETWEEN 56-62 SEN. EPF and Aberdeen Asset Management has been acquiring MYNEWS shares aggressively from September to December 2020 between 56-65 sen.
Would CU bring MYNEWS to another height? Time will tell.
DISCLAIMER Our analyses and views are for sharing purpose only. They could be inaccurate. Valuation is beyond scope. No BUY/SELL recommendation. Investors are responsible of all their investment decisions and investment outcomes.
Cu at 1.50...heard mynews is installing solar on their central food processing kitchen. This will significantly cut down cost, especially for bakery items... Smart move plus its going green.
Question... Mynews collaborate with CU, so Mynews only will get 50% profits from CU Malaysia? Or Mynews purchase products from Korea and then sell at Malaysia at higher price?
In other words, what CU Korea benefits from this collaborate with Mynews?
One of the most undervalued recovery play stock, besides AirAsia and Genting which have went up a lot recently. Mynews is still pretty cheap in my opinion and I think even with bad quarterly results (like AirAsia), the price would be relatively stable.
Pfizer-BioNTech Covid Vaccine Blocks Most Spread in Israel StudyBy
(March 11, 2021, 7:47 PM GMT+8)
Pfizer Inc. and BioNTech SE’s coronavirus vaccine blocked 94% of asymptomatic infections in an Israeli study that further builds the case for the shot’s overwhelming effectiveness against the virus a year after the pandemic began.
The vaccine stopped 97% of symptomatic cases, hospitalizations and deaths, the companies and the Israeli Ministry of Health said on Thursday. Crucially, the results were measured two weeks after the second dose, suggesting that high efficacy seen after the first dose of the shot may be even better once vaccination is complete.
“This clearly demonstrates the power of the Covid-19 vaccine to fight this virus,” Yeheskel Levy, director of the health ministry, said in a statement. “We aim to achieve even higher uptake in people of all ages, which gives us hope of regaining normal economic and social function in the not-so-distant future.”
Biden will direct states to make all adults eligible for Covid vaccine by May 1
(PUBLISHED THU, MAR 11 20216:30 PM ESTUPDATED THU, MAR 11 20216:51 PM EST)
~ President Joe Biden is set to announce that he will direct states to make all adults eligible for the Covid vaccines by May 1.
~ Biden in his first primetime address to the nation is also expected to say that Americans should be able to gather in small groups to celebrate the Fourth of July.
~ The speech comes hours after Biden signed into law the $1.9 trillion Covid relief bill, which he had strongly pushed during his first 50 days in office.
WASHINGTON – President Joe Biden is set to announce Thursday evening that he will direct states to make all adults eligible for the Covid vaccines by May 1.
Biden, in his first primetime address to the nation, is also expected to say that Americans should be able to gather in small groups to celebrate the Fourth of July, a senior administration official told reporters Thursday.
“He will be clear that that does not mean large events where lots of people gather, but it does mean that we can once again have an independence day with small gatherings and celebrations,” the official told reporters ahead of the speech.
“And that’s a big step in the right direction,” the official added. “We believe that if we do our part we’ll be in a much better place by Independence Day, and we can start to resume more of our normal activities.”
Biden’s address is scheduled for just after 8 p.m. ET, and will be broadcast from the East Room of the White House. The speech is expected to last less than 20 minutes.
The primetime event comes hours after Biden signed into law the $1.9 trillion Covid relief bill, which he had aggressively pushed Congress to pass during his first 50 days in office.
Biden’s remarks come as the United States administered a record number of vaccines over the weekend. The Centers for Disease Control and Prevention administered 2.9 million vaccines on Saturday, a record, and 2.4 million on Sunday, according to the agency’s latest tally. The numbers are subject to revisions as more data becomes available to public health officials.
Biden is set to embark on a nationwide tour next week to tout the first major legislative accomplishment of his administration. The president will depart Tuesday for Delaware County in Pennsylvania, an electoral swing state that was key to Biden’s victory over former President Donald Trump.
Earlier Thursday, White House press secretary Jen Psaki said Biden will “lay out some more specifics” of how the administration will fight the virus moving forward.
CU at rm1.50....today I went to mynews and managed to buy their Japanese white loaf, not bad, almost same std as lavender... RT is still one level better but not too far off.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
opportunity
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Posted by opportunity > 2021-02-22 16:20 | Report Abuse
I have checked in fb, mynews recruiting staff for mycu last 2 weeks