Posted by NgWS90 > 2023-02-07 16:33 | Report Abuse

@NoTimeToTrade. Capital market is all about zero-sum game. Can't complain...

Posted by NgWS90 > 2023-02-14 16:46 | Report Abuse

Seems like it going south continuously due to ESOS

Posted by JuliusCeasar > 2023-02-14 17:39 | Report Abuse

Too risky now....

Posted by Snowpiercer > 2023-02-15 11:04 | Report Abuse

New stores grew 20% while Sales grew single digit. Existing stores must be struggling. Again.....management trying to avoid reporting on same store sales growth.....number 1 indicator of retailer's health and sustainability

Posted by NgWS90 > 2023-02-15 14:54 | Report Abuse

Lol. Many IBs buy call MRDIY due to good Q4 results

Posted by DickyMe > 2023-02-15 15:28 | Report Abuse

What a miserable dividend!

Posted by NoTimeToTrade > 2023-02-15 15:41 | Report Abuse

If today close with this long green candlestick intact, it means its going to go above the last high (2.20). Basically creating a reverse head & shoulder.

Posted by pang72 > 2023-02-16 13:14 | Report Abuse

MRDIY very attractive with 100mils net profit per QR..

Posted by pang72 > 2023-02-16 13:15 | Report Abuse

The recent sold down is great for investors to buy bargain price

Back to 2.50 before next QR

Posted by i3lurker > 2023-02-16 15:27 | Report Abuse

MrDIY is eager to pay dividends

Posted by pang72 > 2023-02-16 19:09 | Report Abuse

Then pay more la

Posted by i3lurker > 2023-02-16 19:39 | Report Abuse

Serba is eager to pay creditors

Posted by Sslee > 2023-02-16 20:55 | Report Abuse

Market Cap: 17,072 Million
NOSH: 9,432 Million
A market cap of RM 17 billion and 100mils net profit per QR with limited profit growth is considered as very attractive???.
To me it is very over valued

pang72 MRDIY very attractive with 100mils net profit per QR.

Posted by Xinh Khiat > 2023-02-17 13:09 | Report Abuse

Still, people keeps throwing

Posted by i3lurker > 2023-02-17 13:14 | Report Abuse

MrDIY is only worth 20 sen based on PE and forward earnings, the high price is purely 100% due to limited supply of shares slowly released to market.

Severely limited no growth since its only limited to territory of Malaysia and Brunei.

Posted by pang72 > 2023-02-17 18:21 | Report Abuse

Meanwhile, the group is targeting to open at least 180 stores in FY23.
This is the growth guided by management. Who say no growth wo?

Posted by pang72 > 2023-02-17 18:23 | Report Abuse

Consomer stock eps 1.4c at 1.80. Most people rates expensive.
Tech stock eps 1.4c can rocket up 2.++. People will still chase but it is cyclic.
It is not resilient like consumers.

Posted by pang72 > 2023-02-17 18:24 | Report Abuse

This DIY will gowrth all over in the country at every corner of your kampung and Taman.

Posted by pang72 > 2023-02-17 18:43 | Report Abuse

This i3lurker said MRDIY going to bankrupt for years... But still not bankruptcy today

Posted by DickyMe > 2023-02-17 18:56 | Report Abuse

Don't worry it will soon be one.
It has automatically joined royal club of mammoths such as SAPNRG 16B, Velesto 8B, MYEG 7,5B and this stinker 9.5 B shares.

Posted by pang72 > 2023-02-17 20:29 | Report Abuse

Hur.. Like that you can think off..
Add maybank 12B,
Pbb 19B shares
If you hv any weird thinking for discussion

Posted by DickyMe > 2023-02-17 20:47 | Report Abuse

Banks have become a necessity which is unavoidable.
However those which you mention are performing poorly compared globally.

Posted by Sslee > 2023-02-18 09:17 | Report Abuse

NP to SH: 2022: 2021: 2020: 2019
472,949,000: 431,827,00: 337,161,000: 317,568,000
EPS : 5.01: 4.58: 3.57: 3.37
YoY %: 9.39%: 28.29%: 5.93%
Price on 31th Dec 2022: 2021:2020
2.0000: 3.6100: 3.1200
PE: 39.87: 52.49: 58.08

Wonder why PE drop from 50+ to below 40 now?
So a 6 point drop per year and by another 3 years PE will be 22.
The million dollar question the PE drop because of increase earning or people start to realise this stock is overvalued?

Posted by Sslee > 2023-02-18 09:22 | Report Abuse

Or like pang72 predict in 3 year time DIY will be all over the country. Then what next?

pang72
This DIY will gowrth all over in the country at every corner of your kampung and Taman

Posted by pang72 > 2023-02-18 09:46 | Report Abuse

My simple interpretation of PE drop because continue good earning.
The DIY stores have flood in my town or neighbours town like airasia Everyone Can Buy Hardware in DIY.

Posted by pang72 > 2023-02-18 09:48 | Report Abuse

DIY is neccesity for b40 or M40. Maynot for richs.

Posted by Sslee > 2023-02-18 10:20 | Report Abuse

Brunei: Malaysia
Population: 445,373 : 33,574,000
With addreasable market of 34 million population and at current DIY yearly revenue of abt RM 4billion. That mean perpopulation revenue of RM 118. A family of 5 will need to spend RM 588 in DIY shop per year.

Most likely i3lurker will conclude the foreign workers population will need to increase to 20 million in order for DIY to double the revenue.

Posted by pang72 > 2023-02-18 12:27 | Report Abuse

Beside population creates buying power.
Aggressive stores expansion into everywhere you reach are key earning growth for chain stores business.
The management proven ability to expand the business. That why I like it

Posted by pang72 > 2023-02-18 12:31 | Report Abuse

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TOPICS
Store expansion to drive growth for MR DIY
CORPORATE NEWS
Thursday, 10 Nov 2022

Kenanga Research expects MR DIY’s gross margin to remain stable at about 41% for the rest of the year.

PETALING JAYA: While MR DIY Group Bhd’s store expansion appears to be positive for its growth but moving forward its sales may be hit due to inflationary pressures.


Historically, festive periods have proven to be MR DIY’s strong quarters and the expectation is the fourth quarter (4Q22) to be so due to year-end shopping and festivities.


With the adjustments in prices and easing of freight charges, Kenanga Research expects MR DIY’s gross margin to remain stable at about 41% for the rest of the year.

Post its 3Q22 results, Kenanga Research cut the home improvement retailer’s financial year 2022 (FY22) earnings by 9% as it reduced its basket size by RM1 to RM28.

The research house noted that even though there is no change to its FY23 earnings for MR DIY, it had revised its assumptions based on average basket size of RM28 (from RM29), 180 new stores (from 150), flattish same-store sales growth from 2% growth, and gross margin of 43% from 42%.

MR DIY released its 3Q22 financial results on Tuesday with sales dampened by disruption to inventory replenishment efforts and tightened consumer spending.

UOB Kay Hian (UOBKH) Research said higher operating cost and input costs offset MR DIY’s price revision.


STARPICKS
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The confluence of factors weighed on earnings, disappointing expectations but noted headwinds are at a tail end.

The research house continue to like MR DIY for its high cash generation and attractive earnings growth.

RHB Research believes a strong immediate earnings rebound is on the cards for the company with 4Q seasonally the strongest quarter considering the festivities and holidays.

It believes the company’s gross profit margin is set to expand by an estimated 1.5 to two percentage points starting 4Q22.

Beyond the immediate term, MR DIY’s management is committed to 180 new store openings for FY23.

It believes the hardware retailer’s business model will be able to thrive at the greater degree of density and MR DIY Express is expected to capture more growth opportunities.

RHB Research has a “buy’’ call on MR DIY with a target price (TP) of RM2.62 a share. The risks cited to its call include a critical supply chain disruption and sharp rise in input costs.

Kenanga Research maintains its “market perform’’ outlook on the company and lowered its TP to RM2 a share.

It cited risks include unfavourable foreign exchange trends, volatile supply and logistics, and high inflation eating into consumer spending power.

UOBH Research revised its 2022 to 2024 earnings for MR DIY by minus 10.9%, 9% and 7.3% respectively to account for lower margin assumptions.

It noted Creador’s stake in the company has been pared down to 7.3% from 15.2% during its initial public offering but maintained its “buy’’ call with a lower TP of RM2.30 a share.

Posted by pang72 > 2023-02-18 12:32 | Report Abuse

Old news but good for reading

Posted by DickyMe > 2023-02-18 12:47 | Report Abuse

What a twisted logic to justify shrinking pie.

Posted by i3lurker > 2023-02-18 13:01 |

Post removed.Why?

Posted by Sslee > 2023-02-18 16:21 | Report Abuse

Thumb up to pang6769. You had done something good that KYY and Stony should had done long ago.

Creador founder and wife on Forbes Asia’s list of most altruistic persons
Brahmal Vasudevan and Shanthi Kandiah have donated for healthcare and education.
FMT Business - 06 Dec 2022, 12:56pm

Brahmal Vasudevan and Shanthi Kandiah have been supporting the local communities in Malaysia and India.
PETALING JAYA: Malaysian power couple Brahmal Vasudevan and Shanthi Kandiah are among the new additions in Forbes Asia’s list of the most altruistic persons in the Asia-Pacific region.

Brahmal, 54, the founder and CEO of private equity firm Creador and Shanthi, 53, the founder of boutique competition and regulatory law firm SK Chambers, are among the 15 individuals or couples who made it to the Heroes of Philanthropy list this year.

The couple have supported the local communities in Malaysia and India through the Creador Foundation, a non-profit they co-founded in 2018, according to Forbes Asia.

In May, they pledged to donate RM50 million to underwrite the cost of building a teaching hospital at the Universiti Tunku Abdul Rahman (Utar) campus in Kampar.

The couple had stepped in on learning that Utar had only managed to raise half the sum needed to build the non-profit facility.

Once completed in 2023, it will provide affordable healthcare for the under-privileged.

The couple also donated £25 million (RM133.5 million) to the Imperial College London to create the Brahmal Vasudevan Institution for sustainable aviation. The objective is to pioneer technologies to help the aviation industry make the transition to zero pollution.

Posted by pang72 > 2023-02-18 16:40 | Report Abuse

What is the rational behind for those bought 8% from Creador is sucker?
Creador shld exit and let more IB own the good company

Posted by Sslee > 2023-02-18 17:26 | Report Abuse

Creador is one of the Pre IPO investors. The initial IPO is to reward the pre IPO investors and then after IPO Credaor cash out from 15.2% to 7.3%. Mind calculate how much Creador peofited from this investment?

Posted by i3lurker > 2023-02-19 10:29 | Report Abuse

no worries
MrDIY will get 60,000 new customers buying low end products soon

A worried MEF says up to 60,000 people may lose their jobs this year
Story by New Straits Times • 41m ago

Hotels, retailers hit by 30% rise in electricity bills, want moratorium
FMT Reporters -February 8, 2023 1:27 PM

Posted by i3lurker > 2023-02-19 11:32 | Report Abuse

Bilis are born to feed sharks.
Bilis mother when looking at baby says, I give birth to this bilis to feed sharks.

Posted by NgWS90 > 2023-02-20 15:35 | Report Abuse

High valuation. Wait for more discounted price to enter

Posted by Xinh Khiat > 2023-02-21 18:44 | Report Abuse

Already GG, those who dream TP RM 2 will wait until end of this year.

Posted by faridfet > 2023-02-22 11:20 | Report Abuse

agreed with @ngws90

Posted by fortunefire > 2023-02-22 11:27 | Report Abuse

Not a good sign.

Posted by NgWS90 > 2023-02-22 14:14 | Report Abuse

Wow. Only left 5.61% shareholding for Creador. Looks like BNM will increase OPR to 3% for sure next month

Posted by NoTimeToTrade > 2023-02-22 15:56 | Report Abuse

How does Creador's shareholding of MRDIY have any effect on OPR?

I really want to hear your "reasoning"

Posted by Sslee > 2023-02-23 07:50 | Report Abuse

Creador ceases to be substantial shareholder of MR DIY

By Izzul Ikram | theedgemarkets.com | 2023-02-22 21:47:56
KUALA LUMPUR (Feb 22): MR DIY Group (M) Bhd’s early investor Creador has ceased to be a substantial shareholder in the home improvement retailer after it offloaded another 65 million shares on Wednesday (Feb 22).

Creador's deemed interest in MR DIY fell to 4.93% or 464.55 million shares, after disposing of the 65 million shares, which represented a 0.69% stake.

The private equity firm — via Hyptis Ltd — had held a 15.3% stake in MR DIY when the group was listed on Bursa Malaysia in October 2020.

Hyptis' 4.93% equity interest in MR DIY currently comprises a direct stake of 3.47%, and another 1.46% stake held through its subsidiaries Amanita Regalis Sdn Bhd and Andira Cordata Sdn Bhd.

Coupled with the 65 million shares disposed of on Wednesday, Hyptis has disposed of a cumulative 354.41 million shares or 3.76% since September last year.

The Bee Family Ltd is MR DIY’s largest shareholder with a 50.76% equity interest, followed by Platinum Alphabet Sdn Bhd with 6.1%. Platinum Alphabet is also an early investor in MR DIY and had held a 6.9% stake when the group was listed.

Shares in MR DIY ended six sen or 3.43% lower at RM1.69 on Wednesday, giving the group a market capitalisation of RM15.94 billion. Year to date, the counter has fallen 15.5%.

MR DIY posted a marginal 1.13% increase in net profit to RM136.08 million for the fourth quarter ended Dec 31, 2022, from RM134.55 million a year earlier, impacted by the one-off prosperity tax of RM10.2 million. Quarterly revenue rose 9.27% to RM1.07 billion from RM975.39 million previously, mainly driven by positive sales contributions from new stores which grew to 1,080 from 900.

For the full year, MR DIY's net profit rose 9.52% to RM472.95 million from RM431.83 million in the previous year, with revenue up 18.15% to RM3.99 billion from RM3.37 billion.

Posted by Sslee > 2023-02-23 07:54 | Report Abuse

When investor like Creador cash out from its stock investment, it can only mean he is forseeing interest rate hike thus borrowing cost increase or stock investment dividend return is poorer than bank/money market interest rate return.

Posted by DickyMe > 2023-02-23 11:16 |

Post removed.Why?

Posted by wongchin > 2023-02-23 17:03 | Report Abuse

Diy n dollar is overlapping store. Thus too many store opening in a short time. Definetely rental n staff cost will eat into its earning soon.

Posted by nikker2000 > 2023-02-24 12:36 | Report Abuse

walmart @ titanic?

Posted by NoTimeToTrade > 2023-02-24 15:38 | Report Abuse

As inflation grows, dollar store type businesses (MRDIY) will flourish. Its something I have witnessed in UK during 2008 financial crisis, the Poundland stores (1pound store) were packed day in day out.

Posted by NgWS90 > 2023-02-24 17:17 | Report Abuse

Will drop again if OPR raise to 3% next month