Posted by millionology > 2021-12-27 15:02 | Report Abuse

@i3Lurker, i hold Mynews shares, thus, i am interest in it, so i come here, You dislike it so much, and yet, you still come here and giving kind , good-hearted professional investment advise. You really so good person. this world is wonderful if we have more kind-hearted person like you

Posted by newbie8080 > 2021-12-28 09:44 | Report Abuse

I think Mynews tries to replicate family mart success with CU.

Time will tell and by next 2-3 quarters will know more as blaming MCO or lockdown story will not be relevant anymore.

Posted by abang_misai > 2021-12-28 10:54 | Report Abuse

Right issues coming!

Posted by stockfreak > 2021-12-28 10:55 | Report Abuse

Directors get free food.

Posted by InsiderShark > 2021-12-28 17:13 | Report Abuse

@newbie8080

When a company tries to copy and follow, they will always be behind.... following and copying. Just came back from TTDI CU... shelf full of food. Do they even know what is food wastage? FamilyMart on the next row has so so food only, not like empty but not stocked up to the max like CU.

mynews says 3 years to break even. do they even have 1 year?

Posted by newbie8080 > 2021-12-28 18:11 | Report Abuse

@InsiderShark

Agreed on food wastage. It's really horrible when there people without food here in Msia.

Based on the current cashflow, it still able to sustain more than 1 year.

However, likely the company will look into the options to tap into borrowings, issue rights, private placements and even issue warrants.

Posted by profitgrow > 2021-12-29 09:14 | Report Abuse

Sell before it dropped to 0.60...

Posted by profitgrow > 2021-12-29 15:13 | Report Abuse

gonna buy if drop to 0.60

Posted by InsiderShark > 2021-12-31 10:28 | Report Abuse

2 or 3 more quarters of losses.... you think still got 60 cents? then will PP or RI... drop to what?

Posted by profitgrow > 2021-12-31 12:17 | Report Abuse

drop to 0.15...

Posted by profitgrow > 2021-12-31 12:17 | Report Abuse

delisting

Posted by InsiderShark > 2021-12-31 12:38 | Report Abuse

wont delist lah

Posted by millionology > 2022-01-05 12:35 | Report Abuse

everyone use forum with 1 intention - to benefit himself/herself

Posted by profitgrow > 2022-01-11 11:36 | Report Abuse

Omicron is coming back to China... china gonna lock down soon... gg...

Posted by nimblecloud88 > 2022-01-24 10:38 | Report Abuse

saddest story. Good company .... but haizzz... cannot growth.

Anyhow won't lock down any more. Gov give up to take care and lock down again. (the whole market cannot tahan aldi)

Posted by DickyMe > 2022-02-03 16:40 | Report Abuse

Good company??? LOLOLOL..ROFLMAO..

Posted by Gabriel Khoo > 2022-02-08 14:35 | Report Abuse

https://www.malaymail.com/news/malaysia/2022/02/08/recovery-council-moots-for-malaysias-borders-to-reopen-sans-mandatory-quara/2040186

Posted by Gabriel Khoo > 2022-02-11 16:57 | Report Abuse

Congraz

Posted by Analyser > 2022-02-12 12:23 | Report Abuse

I'm surprised there are still people commenting here in i3. Many have already moved to Telegram group

Posted by uncensored > 2022-02-12 13:35 | Report Abuse

Ya Ya all because of the person like i3lurker

How many time you want to copy & oaste the same old things

>>>>>>>>>>>>>>>>>>>>>>
Posted by i3lurker > Feb 12, 2022 12:31 PM | Report Abuse

Telegram is always better to do stock fraud and Macau Scams coz legally you agreed to join the Telegram Group to be cheated of your money.

So you cannot complain.

Posted by newbie8080 > 2022-02-15 20:05 | Report Abuse

CEO ,Ding tai Luk interview, more than 100 stores permanently closed during pandemic period.

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/mynews-turning-things-around-247

Posted by DickyMe2 > 2022-02-15 20:19 | Report Abuse

Pyramid scheme business never flourishes.

It is a greedy plan of duplication.

In pyramid scheme, the shark holds the supply chain.
Fools hold the outlets in the name of franchise.

Posted by akubudakpontianak > 2022-02-17 22:02 | Report Abuse

Now mynews got how many CU mart in Malaysia..???

Posted by Gabriel Khoo > 2022-02-18 10:00 | Report Abuse

60

Another 10 by end of this month

Posted by profitgrow > 2022-03-07 13:34 | Report Abuse

shitty counter

Posted by DannyArcher > 2022-03-14 18:22 | Report Abuse

This coming quarter will lose money again, just how much they are losing. I dont understand why they did not do PP when their stock price was high, or maybe RI. They cannot continue to borrow forever.

Posted by profitgrow > 2022-03-15 14:21 | Report Abuse

confirmed this quarter lose money again? if yes.. i think i will sell it 1st .... T_T

Posted by DannyArcher > 2022-03-24 20:48 | Report Abuse

QR out. go read now.

Posted by DickyMe3 > 2022-03-25 19:01 | Report Abuse

Reality always exposes BS companies.

Posted by DickyMe3 > 2022-03-25 19:03 |

Post removed.Why?

Posted by bad_advice > 2022-03-25 19:14 | Report Abuse

I provide you some bad advice. Go read the cash flow statement. Finance cost 1.638m, net cash from operating activities 11.111m. So, interest coverage 6.7x. This thing not going to go broke any time soon. Operating margin improving as sales increase so same-store sales improving. Net loss why mah? Expensing some of the costs of opening new stores. Also nonsense depreciation of right of use expense 8.313m. Cash flow statement is your fren for this type of business.

Posted by DickyMe3 > 2022-03-25 19:19 | Report Abuse

Read my comment above yours. It says about the outcome.

Posted by DannyArcher > 2022-03-25 19:20 | Report Abuse

What I find puzzling is why they did not do PP when CU was the talk of the town, that time their price was high... weird. Now that 7-11 is upgrading their outlets to 7 Cafe, this is another new competitor on top of FamilyMart and emart24. FM is profitable now, emart24 not yet but got mamee backing, 7 cafe got berjaya's backing.

Posted by DannyArcher > 2022-03-25 19:22 | Report Abuse

To be honest, their debt to equity not that high. around 30%, so they can still borrow, but is it worth paying the interest seeing that it will take a few years for CU to break even. maybe that is why they dont want to do PP. time will tell.

Posted by bad_advice > 2022-03-25 19:40 | Report Abuse

I'm not too worried about the competition. Can stack this type of store pretty densely and ppl just walk to the nearest one, just like thai, korea etc. New store concept is exciting for a while then laziness is more important than the latest fancy icecream.

PP may happen, especially if financing gets tighter. Biggest mystery is why they don't run negative working capital like the big boys do. That way the suppliers fund your new stores interest free.

Posted by DannyArcher > 2022-03-25 20:29 | Report Abuse

hmm.... maybe the supplier for their CU stores is CU Korea and there is a limit? I dont think mynews stores need much financing or supplies.

Posted by bad_advice > 2022-03-25 20:37 | Report Abuse

Could be but they have been like this since before CU. Maybe they prefer to keep their cost of goods down also. If you push the suppliers out to 60 day terms they have to finance it somehow. So i think they usually add a bit to their margin to pass on their finance cost. Could be why mynews op margins before CU a bit higher compared with the big chains. Means they need bank debt or equity to grow but once growing stops they have better margins.

Posted by DickyMe3 > 2022-03-25 20:49 | Report Abuse

With the bigger thieves making a comeback, which investor with a right mind will pour their hard earned money into this blackhole?

Posted by DickyMe3 > 2022-03-25 20:50 | Report Abuse

Only get rich quick gamblers comes to mind, that is if you're lucky.

Posted by DannyArcher > 2022-03-25 21:05 | Report Abuse

@bad_advice

Actually, from what I read their turnover rate for their goods in mynews was kind of lousy, even before CU. Not sure if they are good paymaster to their suppliers or not.

Posted by bad_advice > 2022-03-25 21:20 | Report Abuse

@DannyArcher their payables turns are a bit over 1 month so on average they are paying in time. But you are right about the turnover. About 5.7m in wastage and inventory write-off so about 6% of COGS. SEM is at about 0.8% so obv a lot of stock is not getting sold in time.

Posted by DannyArcher > 2022-03-25 22:02 | Report Abuse

I believe they said one of their biggest wastage is ice cream they sold in mynews, obviously nobody is going to mynews and buy ice cream, or their bakery stuff. Now that 711 is moving towards the same FamilyMart concept with 7-Cafe, their wastage will go up too.

mynews should just accept the fact that mynews is a flop, even the name is outdated, and should slowly close it down, or at the very least stop selling ready to eat food in mynews as it is clearly not working.

If they PP at RM1 and can collect RM75m at 10% when market cap was around 750m, they can easily open 100+ news stores, thus solving their FPC underutilized problem. 1 stone kills 2 bird, no need to borrow ( with on going concern of rising interest rate ) and also speed up the opening of more CU stores.

Posted by UPlanet > 2022-03-25 23:27 | Report Abuse

Aiyo, I visited CU few times, really can’t find any interest me to buy!!! No way to compete with family mart or 711.. Can’t understand the directors never did any surveys before brough in to Malaysia? Kimchi is not Malaysia culture here la and most Malaysian don’t really like it like sushi, in old korea, yes! Coz kimchi can keep long periods but absolutely not delicious!!! CU close shop very soon!!! The faster CU close down, the better for Mynews!!! A failure project!!!

Posted by Sslee > 2022-03-26 15:09 | Report Abuse

Oil and water do not mix.
Mono- and diglycerides are emulsifiers, which means they help oil and water to blend. As a result, they're commonly used as food additives. Small quantities are often added to packaged and frozen foods to improve texture and stability, prevent oil from separating, and extend shelf life.

Soaps are surfactants, reaction products from NAOH with oil or fatty acid. The sodium ion make sodium soaps oil and water soluble.
When used for cleaning, soap solubilizes particles and grime, which can then be separated from the article being cleaned. In hand washing, as a surfactant, when lathered with a little water, soap kills microorganisms by disorganizing their membrane lipid bilayer and denaturing their proteins. It also emulsifies oils, enabling them to be carried away by running water.

Posted by hoot9e996 > 2022-03-26 16:48 | Report Abuse

the business model isnt doing well anyway.
nothing in mynews sells that people want.
if 7/11 open nearby GG the shop lose money everyday just operating

Posted by newbie8080 > 2022-04-01 15:20 | Report Abuse

https://www.theedgemarkets.com/article/mynews-redesignates-retail-units-ceo-consultant-no-reasons-provided-change

Posted by DannyArcher > 2022-04-01 19:58 | Report Abuse

hmm.... good news or bad news?

Posted by DannyArcher > 2022-04-01 21:12 | Report Abuse

the problem with mynews is the foundation. it started off trying to copy 711, then came FM, it knew FM is eating them and thus they went big with the FPC. I never like companies that goes big into something at lightning speed. One small mistake during the early stage will snowball into something massive which will be very hard to rectify in later stage. This can be seen with the big FPC strategy.

Now they are moving CU at lightning speed too. I wont be surprised next qr will be the same or bad.

Have anyone seen the interview FIRL done with them? Basically CU lets the manage be responsible for the outlet P&L. If I am the manager, and P&L is under my responsibility, I will continue to sell expired food, reheat food that was not sold yesterday, dont keep too much food to avoid losses, give smaller portion of something to max profit....

In the end, every out will be different, no consistency. These are managers, not businessman, expecting them to be a mini businessman while paying them a wage is a recipe for disaster.

mynews supervalue... this one, inside got a mini convenient store... they just cannot let the mynews name die, their baby. the sooner they realize the mynews brand is dead, the better it is.

Posted by DannyArcher > 2022-04-01 23:26 | Report Abuse

51 years old on maternity leave is like my 90 years old grandma doing break dance... possible but not probable.

Posted by DannyArcher > 2022-04-02 00:22 | Report Abuse

well, it says consultant for 5 months, never mention if she will be go back as CEO after 5 months. Maybe 5 months to guide the new CEO and then leave for good. if that is the case, it must be something personal, probably health related. which is good news for mynews.