MYNEWS HOLDINGS BERHAD

KLSE (MYR): MYNEWS (5275)

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Last Price

0.64

Today's Change

-0.015 (2.29%)

Day's Change

0.64 - 0.655

Trading Volume

53,500


1 person likes this.

1,888 comment(s). Last comment by UnicornP 6 days ago

msg232

17 posts

Posted by msg232 > 2023-08-21 11:10 | Report Abuse

Johari will be in the cabinet soon?

Posted by Stock4Real > 2023-09-14 16:16 | Report Abuse

Buy mynews

faridfet

517 posts

Posted by faridfet > 2023-09-28 13:20 | Report Abuse

Mynews Sell Call from Kenanga Investment Bank
Price Target: 0.31 cent

Posted by goldmanbull > 2023-10-02 10:42 | Report Abuse

Faridfet, you really bother about those IB reports? Honestly I can't keep up with their calls. This quarter say sell, next quarter say buy haha

Posted by goldmanbull > 2023-10-02 10:44 | Report Abuse

You want to follow Kenanga's young employee call or follow Johari call?
Your call haha

shiby

217 posts

Posted by shiby > 2023-10-02 12:12 | Report Abuse

The Dang Family already control 53%.Dato Johari only control max 10% thru JAG.The price wont go down in short term due to public spread is small & major shareholder not selling

doll

78 posts

Posted by doll > 2023-10-02 16:44 | Report Abuse

Price wont go up either, lol. Huge changes in boardroom, something is up

doll

78 posts

Posted by doll > 2023-10-03 18:06 | Report Abuse

Wow wow of all the year of losses, declare dividend? What's the purpose? So funny xD

Posted by FinanceInRealLife > 2023-10-03 21:17 | Report Abuse

MyNews is up more than 28%!

Posted by FinanceInRealLife > 2023-10-03 21:17 | Report Abuse

Is this another comeback or a potential downfall? Find out: https://www.youtube.com/watch?v=ZGLT3Qyw6jg

Lee88Lee

42 posts

Posted by Lee88Lee > 2023-10-03 23:00 | Report Abuse

Ai yo yo
Mynews go go go

DickyMe

14,898 posts

Posted by DickyMe > 2023-10-03 23:08 | Report Abuse

Only fellows buying is the DANG family

Posted by TerrenceLim > 2023-10-04 07:30 | Report Abuse

Hopeless stock... Run by bad management

doll

78 posts

Posted by doll > 2023-10-04 17:08 | Report Abuse

Hahaha that's right. Perhaps heading for privatisation soon

shiby

217 posts

Posted by shiby > 2023-10-06 14:25 | Report Abuse

good strategy.paying dividend to encourage investor to hold while rebuiding business.initially i want to sell because it enter at 49cent.now i might hold it longer

kimpeng

53 posts

Posted by kimpeng > 2023-10-07 13:40 | Report Abuse

bought few months ago at 0.44, nt sure when only can up until 0.88

DickyMe

14,898 posts

Posted by DickyMe > 2023-10-13 18:51 | Report Abuse

With cost of goods rising, how you expect these stores to survive?
Only criminals with ill gotten gains and Ah Longs who suck peoples blood, able to buy from these stores. In short, these stores depend on blood money.

BursaKakis

451 posts

Posted by BursaKakis > 2023-12-23 10:12 | Report Abuse

MyNews upgraded as analysts turn upbeat on signs of positive turnaround - TP 0.68 by RHB & 0.62 by Maybank
https://theedgemalaysia.com/node/694939

Posted by Stock4Real > 2023-12-28 17:03 | Report Abuse

waiting long long , time to wake up

hw0706

837 posts

Posted by hw0706 > 2024-02-05 05:51 | Report Abuse

Keep expansion and average per buyer only at rm10.00 how to survive. With so many similar store concept openning. The co need to use some AI or data to really see which product is sellable...in order to reduce the central kitchen loss lower...

Gabriel Khoo

1,027 posts

Posted by Gabriel Khoo > 2024-03-25 09:40 | Report Abuse

Recovery to pre-Covid-19 profit levels achievable by FY10/26F We see Mynews at an inflection point, with its food processing centre (FPC) currently operating at 70% utilisation, which is close to breakeven. Management also guided that it has managed to reduce food wastage from its FPC to be in line with the industry average. With the focus on expanding its store footprint by another 80-100 stores in FY24F, we expect Mynews’s revenue to grow by 14.5% yoy in FY24F. This is reflective of our overall constructive view on private consumption trends into 2024F, as articulated below. We believe the higher store openings in FY24F compared to FY23 should drive up utilisation of its FPC, gradually lifting gross margins back to 37%, last seen in FY17, and help Mynews return to profitability in FY24F. We expect FY25F and FY26F core net profit to jump 66.9% and 70.8%, respectively, to reach pre-Covid-19 highs of RM31m by FY26F.

From CIMB

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:34 | Report Abuse

Buy rising star better value than 7-11.. mynews & 7-11 have almost the same NTA.

MyNews climbs to near six-month high as results lift hope for profit growth
By Jason Ng / theedgemalaysia.com
26 Mar 2024, 11:16 am

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:35 | Report Abuse

Above 60sen easily.. hehe

2024-03-26 0.57 0.68 +0.11 (19.30%)
BUY
RHB-OSK
2024-03-26 0.57 0.65 +0.08 (14.04%)
BUY
AmInvest
2023-12-22 0.525 0.68 +0.155 (29.52%)
BUY
RHB-OSK

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:44 | Report Abuse

dIRECT BIZ DEALS

Summary from 20/05/2016 to 24/10/2023
Highest Price 2.9000 First Occurred on 15/12/2017
Lowest Price 0.4000 First Occurred on 05/07/2022
Highest Volume 28.500m First Occurred on 24/10/2023

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:45 | Report Abuse

TOP 10 Investors (As of Latest Filing)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
D&D Consolidated Sdn. Bhd. 52.52 394.12 2.34 35.48 09-Jun-2023 Other Substantial/Declarable
JAG Capital Holdings Sdn. Bhd. 10.02 75.20 75.20 7.79 14-Jul-2023 Other Substantial/Declarable
Dang (Tai Kien) 3.06 22.98 -0.48 3.69 31-Jan-2023 Other Substantial/Declarable
Kumpulan Wang Persaraan (Diperbadankan) 2.43 18.21 -0.43 2.93 31-Jan-2023 Other Substantial/Declarable
AmBank (M) Berhad 2.36 17.69 17.69 2.84 31-Jan-2023 Other Substantial/Declarable
Employees Provident Fund Board 2.04 15.34 -18.31 2.46 31-Jan-2023 Other Substantial/Declarable
Norges Bank Investment Management (NBIM) 1.96 14.68 -2.69 2.10 31-Dec-2022 Aggregate MFs
Statens Pensjonsfond Utland 1.96 14.68 -2.69 2.10 31-Dec-2022 MF
Etiqa Life Insurance Berhad 1.84 13.79 0.00 2.22 31-Jan-2023 Other Substantial/Declarable
Dang (Tai Gean) 1.22 9.18 0.00 1.47 31-Jan-2023 Other Substantial/Declarable

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:46 | Report Abuse

Ownership Type (As of Latest Filing)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Corporation 4 63.76 478.44 44.47
Individual Investor 11 7.36 55.36 8.61
Mutual Fund 21 3.32 24.82 3.28
Investment Advisor 13 3.01 22.61 3.48
Bank and Trust 2 2.73 20.44 3.29
Pension Fund 1 2.43 18.21 2.93
Holding Company 1 2.04 15.34 2.46
Sovereign Wealth Fund 1 1.96 14.68 2.10
Insurance Company 1 1.84 13.79 2.22
Investment Advisor/Hedge Fund 2 0.45 3.42 0.38

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:52 | Report Abuse

BUKAN KEBETULAN... BIZ DAH PULIH POST PANDEMIC... 2 QUARTERS MELAPORKAN KEUNTUNGAN DAN JUALAN + NET PROFIT KIAN BERTUMBUH...

Monday, 25 Mar 2024
5:16PM
MYNEWS 1Q net profit 1.183 million

EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
31 Oct, 2024
0.17 0.000 0.3200 195.5m 1.3m 1 2024-01-31 31 Oct, 2024 2024-03-25 0.5% 33.6% 139.4% View
31 Oct, 2023
0.13 0.000 0.3200 186.2m 947.0k 4 2023-10-31 31 Oct, 2023 2023-12-21 0.4% 143.8% 1254.9% View
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Strong earnings visibility for MyNews
TheStar Fri, Mar 29, 2024 12:00am - 9 hours


PETALING JAYA: Analysts are positive about MyNews Holdings Bhd’s prospects on expectations that the group will continue to deliver strong earnings.

The group posted a core net profit of RM1.8mil in the first quarter of financial year 2024 (1Q24), making its second consecutive profitable quarter.

According to CIMB Securities, the worst is over for the convenience store operator, backed by better earnings visibility stemming from a more sustainable growth strategy.

“We are maintaining our earnings forecasts, projecting MyNews to achieve a net profit of RM8mil in financial year 2024 (FY24) and rising to RM31mil by FY26,” the brokerage firm said in a report.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:55 | Report Abuse

mORE DIVIDEND, ETC ARE EXPECTED THIS YEAR/

MYNEWS VS 7 ELEVEN

MYNEWS
NTA 0.3200
P/B 1.70
RPS 98.84
PSR 0.55
Market Cap 408.9M
Shares (mil) 750.35


7 ELEVEN (sem)
NTA 0.3247
P/B 6.10
RPS 293.86
PSR 0.67
Market Cap 2,320.0M
Shares (mil) 1,171.72

Good123

26,681 posts

Posted by Good123 > 2024-03-29 09:59 | Report Abuse

RECENT WEEKLY PRICE TREND//// ABLE TO REBOUND TO Above RM1 pre-pandemic level?
SEM (7-11) back to ~RM2 now..... Mynews is a better investment option


$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

MYNE Historical Data
Time Frame
Weekly
Download Data
03/29/2023 - 03/29/2024
Date Price Open High Low Vol. Change %
03/24/2024 0.545 0.510 0.580 0.505 10.60M +7.92%
03/17/2024 0.505 0.515 0.515 0.505 1.74M -0.98%
03/10/2024 0.510 0.515 0.525 0.505 1.98B -0.97%
03/03/2024 0.515 0.510 0.520 0.505 549.90K +0.98%
02/25/2024 0.510 0.515 0.525 0.510 483.40K -1.92%
02/18/2024 0.520 0.515 0.525 0.515 710.80K +0.97%
02/11/2024 0.515 0.520 0.525 0.515 201.80K -1.90%
02/04/2024 0.525 0.520 0.525 0.510 446.70K +0.96%
01/28/2024 0.520 0.515 0.520 0.510 363.80K +1.96%
01/21/2024 0.510 0.510 0.520 0.510 747.30K 0.00%
01/14/2024 0.510 0.520 0.525 0.505 1.58M -1.92%
01/07/2024 0.520 0.525 0.530 0.515 935.70K -0.95%
12/31/2023 0.525 0.515 0.540 0.515 2.95M +0.96%
12/24/2023 0.520 0.535 0.535 0.510 1.30M -1.89%
12/17/2023 0.530 0.520 0.540 0.510 1.69M +0.95%
12/10/2023 0.525 0.510 0.545 0.505 1.50M +2.94%
12/03/2023 0.510 0.505 0.510 0.495 2.70M -0.97%
11/26/2023 0.515 0.510 0.520 0.505 1.71M -0.96%
11/19/2023 0.520 0.530 0.530 0.515 3.43M -1.89%
11/12/2023 0.530 0.535 0.540 0.525 1.58M -1.85%
11/05/2023 0.540 0.520 0.550 0.520 6.37M +2.86%
10/29/2023 0.525 0.530 0.545 0.525 1.48M -0.94%
10/22/2023 0.530 0.505 0.545 0.500 1.20M +3.92%
10/15/2023 0.510 0.540 0.540 0.500 1.99M -5.56%
10/08/2023 0.540 0.560 0.565 0.540 6.11M -6.09%
10/01/2023 0.575 0.550 0.590 0.535 5.67M +4.55%
09/24/2023 0.550 0.520 0.560 0.515 5.26M +5.77%

Good123

26,681 posts

Posted by Good123 > 2024-03-29 10:01 | Report Abuse

Mynews share price was even RM1+++ during 2020 to 2021

Time Frame
Monthly
Download Data
01/01/2020 - 12/29/2021
Date Price Open High Low Vol. Change %
12/01/2021 0.835 0.860 0.930 0.805 11.35M -2.91%
11/01/2021 0.860 0.920 0.945 0.860 15.48M -7.53%
10/01/2021 0.930 0.915 1.030 0.870 29.30M +0.54%
09/01/2021 0.925 0.965 0.995 0.850 30.32M -4.15%
08/01/2021 0.965 0.870 1.060 0.835 38.32M +12.87%
07/01/2021 0.855 0.850 0.890 0.815 9.85M +0.59%
06/01/2021 0.850 0.835 0.985 0.830 27.68M +1.19%
05/01/2021 0.840 0.915 0.925 0.755 24.58M -9.68%
04/01/2021 0.930 0.910 1.120 0.880 87.95M +5.08%
03/01/2021 0.885 0.650 0.940 0.635 101.01M +36.15%
02/01/2021 0.650 0.580 0.720 0.575 57.43M +12.07%
01/01/2021 0.580 0.625 0.630 0.565 41.52M -7.94%
12/01/2020 0.630 0.605 0.755 0.605 70.31M +4.13%
11/01/2020 0.605 0.555 0.675 0.555 39.58M +9.01%
10/01/2020 0.555 0.610 0.720 0.545 81.85M -9.02%
09/01/2020 0.610 0.600 0.645 0.555 18.04M +1.67%
08/01/2020 0.600 0.685 0.690 0.590 11.49M -11.76%
07/01/2020 0.680 0.700 0.755 0.680 12.21M 0.00%
06/01/2020 0.680 0.805 0.825 0.680 13.98M -15.53%
05/01/2020 0.805 0.870 0.920 0.800 6.60M -6.94%
04/01/2020 0.865 0.650 0.960 0.630 13.58M +34.11%
03/01/2020 0.645 0.850 0.875 0.575 16.80M -24.56%
02/01/2020 0.855 0.870 1.020 0.795 33.50M -1.72%
01/01/2020 0.870 1.110 1.110 0.860 23.13M -22.32%
Highest:
1.120
Change %:
-25.446

Good123

26,681 posts

Posted by Good123 > 2024-03-29 10:05 | Report Abuse

2024-01-31 Q1, mynews quarterly revenue hit ~RM200mil, the highest level ever achieved ... the share price is expected to recover in tandem with the growth in sales and profitability

Good123

26,681 posts

Posted by Good123 > 2024-03-29 10:14 | Report Abuse

THE QUARTERLY SALES OF 7-11 (sem) WERE FALLING BUT MYNEWS PULAK RISING... GO FOR MYNEWS, A GROWTH & RECOVERY STORY!

Good123

26,681 posts

Posted by Good123 > 2024-03-29 10:46 | Report Abuse

DIRECT BIZ TRANSACTION PRICES BEFORE COVID PANDEMIC 2020

06/11/2019 00:00:00 1.3000 0.0100 776,800 776,800 1.010m 1.010m 1.3000 0.1139 -
16/10/2019 00:00:00 1.3500 - 1.000m 1.000m 1.350m 1.350m 1.3500 0.1466 -
01/10/2019 00:00:00 1.3500 - 538,800 1.284m 727,380 1.733m 1.3500 0.0790 -
01/10/2019 00:00:00 1.3500 - 745,000 1.284m 1.006m 1.733m 1.3500 0.1092 -
22/07/2019 00:00:00 1.4100 - 410,600 410,600 578,946 578,946 1.4100 0.0602 -
02/07/2019 00:00:00 1.3700 - 250,000 250,000 342,500 342,500 1.3700 0.0366 -
21/12/2017 00:00:00 1.4400 -0.0100 14.450m 15.000m 20.808m 21.600m 1.4400 2.1183 -
21/12/2017 00:00:00 1.4400 -0.0100 550,000 15.000m 792,000 21.600m 1.4400 0.0806 -
15/12/2017 00:00:00 2.9000 -0.0500 6,500 6,500 18,850 18,850 2.9000 0.0019 -
19/04/2017 00:00:00 2.0000 -0.1700 100,500 100,500 201,000 201,000 2.0000 0.0324 -
07/04/2017 00:00:00 1.9000 -0.0400 300,000 10.300m 570,000 19.070m 1.8515 0.0968 -
07/04/2017 00:00:00 1.8500 -0.0900 10.000m 10.300m 18.500m 19.070m 1.8515 3.2251 -
13/02/2017 00:00:00 1.9000 0.0200 500,000 500,000 950,000 950,000 1.9000 0.1613 -
25/11/2016 00:00:00 1.7000 0.0200 30,000 30,000 51,000 51,000 1.7000 0.0097 -
24/11/2016 00:00:00 1.7000 0.0200 30,000 60,000 51,000 102,000 1.7000 0.0097 -
24/11/2016 00:00:00 1.7000 0.0200 30,000 60,000 51,000 102,000 1.7000 0.0097 -
07/10/2016 00:00:00 1.8800 - 1.000m 10.000m 1.880m 18.800m 1.8800 0.3225 -
07/10/2016 00:00:00 1.8800 - 9.000m 10.000m 16.920m 18.800m 1.8800 2.9026 -
21/09/2016 00:00:00 1.6800 -0.0200 1.000m 1.000m 1.680m 1.680m 1.6800 0.3225 -
07/09/2016 00:00:00 1.5800 - 2.000m 2.000m 3.160m 3.160m 1.5800 0.6450 -
20/05/2016 00:00:00 1.3500 -0.0500 65,000 65,000 87,750 87,750 1.3500 0.0210 -

Good123

26,681 posts

Posted by Good123 > 2024-03-29 10:47 | Report Abuse

UPSIDE POTENTIAL TAK TERHINGGA, DOWNSIDE RISK SO LOW... JUST KEEP SOME

Good123

26,681 posts

Posted by Good123 > 2024-03-29 11:17 | Report Abuse

more n more tourists datang, mynews boleh rebound macam dulu b4 pandemic, bertahan ya... balik 80sen - RM1 by year-end hopefully ..good luck

Good123

26,681 posts

Posted by Good123 > 2024-03-29 11:19 | Report Abuse

ofis workers juga makan breakfast, lunch dan dinner kat mynews... inflasi & kos hidup hehe

Good123

26,681 posts

Posted by Good123 > 2024-03-29 11:20 | Report Abuse

valuation of mynews terlalu rendah vs 7 eleven (SEM)... it should catch up quarter by quarter. all the best

Good123

26,681 posts

Posted by Good123 > 2024-03-29 11:23 | Report Abuse

semoga jauh lebih tinggi tahun ni :)

MYNEWS - Notice of Book Closure
MYNEWS - Notice of Book Closure
ILC-04102023-00001
Single-tier interim dividend of 0.5 sen per ordinary share in Mynews Holdings
Berhad in respect of the financial year ending 31 October 2023. Kindly be
advised of the following : 1) The above Company's securities will be traded
and quoted "Ex - Dividend? as from: 17 Oct 2023 2) The last date of lodgment :
18 Oct 2023 3) Date Payable : 09 Nov 2023
MANAGER, REF. DATA MANAGEMENT
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

04/10/2023 07:00 AM


Ref Code: 202310045100007

Good123

26,681 posts

Posted by Good123 > 2024-03-29 11:24 | Report Abuse

tolong pergi baca p/b value, NTA, quarterly sales growth dll... usah hanya baca komenku ya. Bye!

Good123

26,681 posts

Posted by Good123 > 2024-03-29 12:46 | Report Abuse

Wow, 2 quaters untung berterusan. Safe tak akan gulung hehe

Profit before taxation for the current quarter was RM3.19 million as compared to RM2.40 million in the
immediately preceding quarter.
Earnings before interest, tax, depreciation (inclusive the depreciation of right-of-use assets) and
amortisation (EBITDA) increased by 2.0% to RM26.59 million from RM26.06 million.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 12:48 | Report Abuse

Bagus...

PROSPECTS
Currently, the group is operating a total of 619 outlets, made up of 468 myNEWS (including 34
SUPERVALUE), 132 CU and 19 WHSmith outlets. The number of new stores will increase at a faster rate
in FY2024. Therefore, we expect the sales revenue to grow in parallel with the growing store network
and ongoing efforts in increasing the in-store sales. Consequently, we expect the capacity of the FPC to
continue to increase, driven by the increasing sales at the retail front.
After going through the pandemic, Mynews is stronger, more versatile and dynamic. It looks towards
strategically expanding its five retail brands, namely, myNEWS, Korea's CU, the U.K.'s WHSmith,
SUPERVALUE minimart and MARU Coffee at a faster rate. Meanwhile, the internal talent and core
infrastructure made up of IT systems, FPC, distribution centres and logistics are continually enhanced to
support the growing businesses.
Mynews has turned profitable since the fourth quarter of FY2023. Barring any unusual seasonal changes
and unforeseen circumstances, Mynews is confident that the worst is over and expects that its
performance will continue to improve.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 12:49 | Report Abuse

Cash equivalents~ rm43mil, retained earnings rm32mil... dividend terjamin hehe

Good123

26,681 posts

Posted by Good123 > 2024-03-29 12:58 | Report Abuse

KUALA LUMPUR: The outlook for MyNews Holdings Bhd appears promising, according to RHB Research.

The change in strategy to consolidate the management teams of MyNews and CU stores has led to promising sales and margin improvement, the firm added.

"Moving ahead, the robust expansion of the MyNews brand, coupled with the reduction of losses at CU and anticipated breakeven of the food processing centre (FPC) are poised to sustain the group's turnaround," it said in a note.

RHB Research added that MyNews had achieved RM24 million-RM29 million profit pre-pandemic, but the introduction of CU in 2021 resulted in continuous losses throughout its gestation period.

Over the three years, the convenience store operator had learned from its mistakes and adapted a new strategy.

It consolidated the management teams of CU and MyNews to leverage the latter's local expertise in running an international brand.

"This resulted in GPM improvement given the more synergistic benefits and cost savings due larger combined scale, while also contributing to stronger sales through better product assortment.

"We highlight CU's closest peer, FamilyMart, took three years to breakeven.

"With the financial year 2024 (FY24) marking the third year since CU's introduction, excluding the pandemic year, it is poised to break even," it noted.

RHB Research expects profit to return to pre-pandemic levels in FY25 for MyNews, with CU breaking even by the end of 2024.

The firm kept a "Buy" call on the company with a target price of 68 sen.

RHB Research said MyNews has been continuously gaining market share, with sales growing despite the overall decline in the convenience store sector, as cited by Nielsen.

This is attributed to its continuous fine tuning of product offerings and the introduction of more quality fresh food items after securing sufficient labour for FPC, which has led to better consumer traction.

"Management guided to aggressively expand this profitable brand to further offset narrowing losses from other business units given its track record of resilient performance.

"We believe this will be further aided by a new shareholder providing valuable insight and suggestions to the business.

"Mynews also plans to introduce new Maru Coffee Café, leveraging on the popularity of its coffee and fresh food products," it noted.

RHB Research also highlighted that FPC's losses narrowed to RM0.2 million in the first quarter (1Q) of FY24, smallest losses since its establishment in 2019.

This was due to stabilised input costs, and management being able to negotiate better terms with suppliers due to stronger sales volume.

"We anticipate FPC utilisation will continue to ramp up in line with store expansion and higher in-store sales.

"On the other hand, WH Smith's earnings are currently at approximately 70 per cent of pre-pandemic level as it was impacted by some airport renovation, but we expect it to recover post renovation and increasing tourist arrivals," it noted.

Moving forward, the firm said key risks for MyNews include delays in CU's turnaround and weaker-than-expected consumer sentiment.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 13:05 | Report Abuse

Maybank Investment Bank (Maybank IB) Research has maintained a “buy” call with an unchanged TP of 62 sen for MyNews.

“With its CU stores and food processing centre reaching break-even levels, positive group earnings growth will become more sustainable, while growing average sales per store also signals an improved consumer appeal towards Mynews stores,” it said.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 14:00 | Report Abuse

On steadier footing in FY24E
We are encouraged that sales for both Mynews and CU stores have improved, alongside narrowing losses for the group’s FPC and CU operations. With this, MNHB can fully focus on growing its group-wide fresh food sales contribution to lift group margins in a sustainable manner. Our earnings estimates are unchanged. Maintain BUY with an unchanged TP of MYR0.62, based on 1.7x FY24E PBV

Good123

26,681 posts

Posted by Good123 > 2024-03-29 14:10 | Report Abuse

Nice

https://www.mynews.com.my/

Good123

26,681 posts

Posted by Good123 > 2024-03-29 14:47 | Report Abuse

FYE Oct (MYR m) FY22A FY23A FY24E FY25E FY26E
Revenue 631 730 795 902 1,014
EBITDA 56 82 80 72 55
Core net profit (20) (11) 5 8 12
Core EPS (sen) (2.9) (1.7) 0.7 1.2 1.8
Core EPS growth (%) nm nm nm 65.8 56.5

Good123

26,681 posts

Posted by Good123 > 2024-03-29 17:25 | Report Abuse

According to Nielsen, Mynews has been continuously gaining market share, with sales growing despite the overall decline in the convenience store sector.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 21:20 | Report Abuse

UP 1/2 sen today... it should rise in stages till Q4 at year-end. buy n hold.

Good123

26,681 posts

Posted by Good123 > 2024-03-29 21:21 | Report Abuse

quarterly results should continue to rise , and the share price will rise in tandem with it. cheers

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