Posted by mariam > 2021-04-06 15:00 | Report Abuse

many shopping have this mynews store

Posted by moneytree88 > 2021-04-06 15:47 | Report Abuse

What today so hot

Posted by moneytree88 > 2021-04-06 15:55 | Report Abuse

Why

Posted by notailcatt0 > 2021-04-06 15:56 | Report Abuse

no chance for me to top up more.
din expect to spike so high

Posted by Valgrovest > 2021-04-06 16:13 | Report Abuse

Unstoppable now....flying all the way to 1.50

Posted by moneytree88 > 2021-04-06 17:41 | Report Abuse

Fly dly

Posted by moneytree88 > 2021-04-06 17:41 | Report Abuse

Fly fly

Posted by fachoi > 2021-04-06 19:55 | Report Abuse

bankers collecting already, you check back the volumes, rm2 is coming

Posted by MoneyShow3 > 2021-04-06 21:21 | Report Abuse

RHB, AmBank calling buy.. CU at 1.50

Posted by MoneyShow3 > 2021-04-06 22:32 | Report Abuse

Just wait for the next CU outlets coming online soon... Foot traffic is almost back and it's time to look ahead. CU at 1.50

Posted by Nepo > 2021-04-07 10:07 | Report Abuse

Resilient stock. marching toward RM 1.40 is only a time matter

Posted by Hafid > 2021-04-07 16:28 | Report Abuse

PE is - 32.43

Posted by fachoi > 2021-04-07 20:06 | Report Abuse

one CU price is like this, ten CU is how much? one hundred CU is how much?

Posted by thlim123 > 2021-04-07 22:14 | Report Abuse

Resistance at 1.12, let’s hope tomorrow will break 1.12

Posted by Valgrovest > 2021-04-08 11:22 | Report Abuse

Profit taking set in.....maybe temporary set back

Posted by Analyser > 2021-04-08 11:55 | Report Abuse

10 CU or 100 CU, don't matter. the problem is right now, no one knows for sure how "profitable" is this venture. or if it is profitable, how long are we going to see results? 2 years? 5 years?

how long will it even take to breakeven? mynews already publicly mentioned breaking even will take several years before bearing fruits.

it's a long journey for long-term investors, which is fine but for trading purposes, people just wanna get out after making a tidy profit.

Posted by MiaoMiao7 > 2021-04-08 15:55 | Report Abuse

took QL 3 years to breakeven with FamilyMart, that is with the support of their other subsidiaries via cheaper food purchase and data. myNEWS also has the data, all they need is to scale things up. I think it will take a few years too, wont be surprised if it takes 3 years also.

The different is QL is profitable before FamilyMart, whereas myNEWS is struggling. CU will be an extra burden and will drain their resources. But if executed well, I think CU can make it. myNEWS needs to focus on CU and stop expanding myNEWS. or convert myNEWS into a minimart. They can have both cakes and eat it. They have to choose. If not, it becomes like Proton, selling so many varieties of cars of the same categories.

I see great potential, buy and hold for 3 years.

Posted by MoneyShow3 > 2021-04-08 20:42 | Report Abuse

Cu at 1.50

Posted by Analyser > 2021-04-09 09:40 | Report Abuse

MiaoMiao7, few things here. firstly, problem is, Mynews is still expanding it's existing stores. this is available in news articles and their annual report. until today i have no idea why management still put so much hope in mynews and not focus 100% on CU. they intend to open 100++ mynews stores this year. this is something that concerns me.

and how many people can buy and hold for 3 years? it's a good warren buffett talk but doesn't quite make sense in the current bullish stock market. impatient traders would not stick to one stock if it doesn't move up anymore. just look at dataprep, AT, fintec. loss making companies with potential too but now it's in the dust. only can blame the greed of people.

they will switch to other stocks and find opportunities, otherwise they will lose out in this rare bull run. 3 years is too long time to wait for many people when now is a bull run and can easily make money by trading in and out.

Posted by collie > 2021-04-09 10:07 | Report Abuse

Opportunity cost

Posted by MoneyShow3 > 2021-04-09 12:27 | Report Abuse

Won't be 3 years, faster than that. What they will expand is a different format of Mynews stores, the one at shop lots... To be like lotus express in Thailand or speed mart.

CU and the new Mynews growth will drive profits. Good that they are already anchored into malls.. Could switch some to CU and maximise profits.

Abt 90% of the shares are owned by the top 20 shareholders and they know what to do.

CU at 1.50, it will start soon as next outlets roll out

Posted by Analyser > 2021-04-09 15:35 | Report Abuse

that's solely based on your opinion. but even if it's 2 years, it's going to be a tough ride. imagine loss-making quarters for the next 2 years before seeing profitability again. might as well put the cash into better use elsewhere and revisit again, perhaps 1.5 years later.

again i'm not saying it's a bad investment. long-term investors who have plenty of cash and can hold and wait for many years are welcomed to invest in mynews.

just that for normal small-time retailers, would this be the best use of your cash right now to maximize your profits?

Posted by MoneyShow3 > 2021-04-10 11:05 | Report Abuse

I hold a different view... 1. Mynews valuation is cheap
2. Mynews hasn't hit a scale in terms of outlets, they need to grow another 200 outlets to at least 700 stores
3. Their team is matured and agile, can quickly adapt and scale up operations.

4.CU is a storyline and will elevate their market standing. Sometimes you need to own a winning horse in your stable.

https://www.theedgesingapore.com/news/ma/mercurius-share-price-jumps-20-news-acquire-malaysia-grocery-businesses-36-mil

They are many companies looking out for M&A in consumer retail / grocery... The larger you are the stronger the procurement leverage.

Amazon didn't make money in the years or their existence but you wished you were an early investor...
CU at 1.50..

Posted by i3lurker > 2021-04-10 12:23 |

Post removed.Why?

Posted by i3lurker > 2021-04-10 12:42 |

Post removed.Why?

Posted by godhand > 2021-04-10 18:27 | Report Abuse

When the potential upside is at lesst 3billion? What's the reason to sell

Posted by MoneyShow3 > 2021-04-11 17:17 | Report Abuse

Undervalued at 1.10....CU at rm1. 50

Very certain of the value of mynews going fwd

Posted by bose00 > 2021-04-11 21:40 | Report Abuse

Tmr shall be good time to add ! C U

Posted by moneytree88 > 2021-04-12 09:32 | Report Abuse

What happen keep droppinh

Posted by Analyser > 2021-04-12 10:36 | Report Abuse

as of now, only one store is opened, the price went up way above it's fundamentals. real benefit to the company as a whole out of this venture remains to be seen.

management said will take several years to breakeven, so i guess traders are impatient. any good catalysts for CU have already been priced in last week.

Posted by Valgrovest > 2021-04-12 11:30 | Report Abuse

Prices have corrected a bit..is it time to accumulate more?

Posted by thlim123 > 2021-04-12 11:36 | Report Abuse

For long term, yes

Posted by moneytree88 > 2021-04-12 16:47 | Report Abuse

No power

Posted by thlim123 > 2021-04-12 17:17 | Report Abuse

Good closing actually

Posted by value investor > 2021-04-12 17:28 | Report Abuse

now the share price shoot up due to the news, waiting the true value come in then the share price will continue grow slowly wakaka keep the share in safe

Posted by TimCapital > 2021-04-13 10:01 | Report Abuse

Hi! Any insights on the next CU store opening?

Posted by Nepo > 2021-04-13 11:54 | Report Abuse

https://soyacincau.com/2021/04/12/cu-malaysia-soyacincau-tries-almost-every-snack-available/

Posted by moneytree88 > 2021-04-13 17:31 | Report Abuse

Drop drop droping

Posted by Hafid > 2021-04-13 19:43 | Report Abuse

i think need to drop to rm0.80 below the best.

Posted by BursaMaster121212 > 2021-04-13 20:55 | Report Abuse

talk to the manageemnt just now..

confirm next mth can open another 8 shops...target this year open 75 shops

last time QL share price went up double because of family mart...many people said CU shop food n ice cream are even better than family mart...at RM1 share price, i think conservatively 50 percent to 1.5 is just so not unrealistic..

Posted by Analyser > 2021-04-13 23:23 | Report Abuse

BursaMaster121212, lol, what a joke.

family mart took so many years for family mart to grow. up till today we don't know how much family mart's profit because QL did not disclose in t heir annual report. they combined it with other business income. if dont believe, pls go and open QL's annual report or quarterly report.

where do u get ur info? pluck from the sky?

Posted by BursaMaster121212 > 2021-04-14 00:31 | Report Abuse

is ok, u can laugh at me, just like how people laugh at me when i said BJ Corp will hit 50 sen..

people dont understand market always look forward....i lazy to argue here, because no point of doing that...let the share price proves that i m right....

instead of arguing, see u at 1.50, let Mr. Market to prove me right

Posted by Analyser > 2021-04-14 01:15 | Report Abuse

let's be clear here. i'm not arguing with your prediction target price. i'm arguing about your facts.

can u pls show me where do u check the profit of family mart in annual report?

where is your source of CU opening 75 shops this year? based on news article it's only 50 (at a maximum)

Posted by MoneyShow3 > 2021-04-14 01:15 | Report Abuse

Buying interest still high.. My experience with Mynews is it can.move 17sen in a day and 25sen a week... CU doing well boosting the utilisation of the central food factory.

CU at 1.50

Posted by BursaMaster121212 > 2021-04-14 10:01 | Report Abuse

good MoneyShow3, see you at 1.5

all i can say is the news article is a conservative estimation, because the management dont wan to over promise you...the actual internal target is higher than that....anyway, dont wan to disclose too much

see you at 1.50

Posted by value investor > 2021-04-14 19:47 | Report Abuse

thank you BursaMaster121212 your info.
If can open until 75store then the share price is more more undervalue

Posted by Analyser > 2021-04-15 14:48 | Report Abuse

any thoughts on how the 4th wave will affect retail again?

everytime there seems hope, there is another wave coming.

Posted by Alfonso > 2021-04-15 14:48 | Report Abuse

not worry human still need to eat

Posted by Rubberman1688 > 2021-04-15 21:04 | Report Abuse

How many CU stores there will be in Malaysia?

Posted by gearupguy889 > 2021-04-16 05:58 | Report Abuse

not clear indication.. but if on how we see on familymart runs.. there will be at every corner in next 2 years..

Also some mynews stores will be converted to CU..