MYNEWS HOLDINGS BERHAD

KLSE (MYR): MYNEWS (5275)

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Last Price

0.52

Today's Change

-0.01 (1.89%)

Day's Change

0.51 - 0.525

Trading Volume

960,000

Financial

Show?
Last 10 FY Result
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
Revenue 782,072 741,664 730,240 631,333 400,587 489,992 528,523 391,528 326,460 264,031 217,546 16.33%
PBT 12,756 -1,235 -7,277 -20,989 -53,725 -13,142 33,052 32,222 30,515 23,621 17,702 -
Tax -8,024 -8,525 -8,124 -1,160 3,970 -2,130 -8,884 -6,203 -6,480 -5,488 -4,192 8.61%
NP 4,732 -9,760 -15,401 -22,149 -49,755 -15,272 24,168 26,019 24,035 18,133 13,510 -
-
NP to SH 5,060 -6,226 -10,704 -18,168 -43,066 -9,214 26,819 26,504 24,035 18,133 13,510 -
-
Tax Rate 62.90% - - - - - 26.88% 19.25% 21.24% 23.23% 23.68% -
Total Cost 777,340 751,424 745,641 653,482 450,342 505,264 504,355 365,509 302,425 245,898 204,036 17.57%
-
Net Worth 240,113 240,113 224,866 225,110 245,575 286,504 300,147 279,683 242,164 135,858 55,049 19.21%
Dividend
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
Div - 3,427 - - - - 6,821 - - - 504 -
Div Payout % - 0.00% - - - - 25.44% - - - 3.74% -
Equity
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
Net Worth 240,113 240,113 224,866 225,110 245,575 286,504 300,147 279,683 242,164 135,858 55,049 19.21%
NOSH 750,354 750,354 750,354 682,154 682,154 682,154 682,154 682,154 341,077 277,262 229,371 15.95%
Ratio Analysis
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
NP Margin 0.61% -1.32% -2.11% -3.51% -12.42% -3.12% 4.57% 6.65% 7.36% 6.87% 6.21% -
ROE 2.11% -2.59% -4.76% -8.07% -17.54% -3.22% 8.94% 9.48% 9.93% 13.35% 24.54% -
Per Share
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
RPS 104.23 98.84 103.92 92.55 58.72 71.83 77.48 57.40 95.71 95.23 94.84 1.14%
EPS 0.68 -0.83 -1.52 -2.66 -6.31 -1.35 3.93 3.89 7.74 6.56 5.89 -
DPS 0.00 0.46 0.00 0.00 0.00 0.00 1.00 0.00 0.00 0.00 0.22 -
NAPS 0.32 0.32 0.32 0.33 0.36 0.42 0.44 0.41 0.71 0.49 0.24 3.65%
Adjusted Per Share Value based on latest NOSH - 750,354
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
RPS 104.23 98.84 97.32 84.14 53.39 65.30 70.44 52.18 43.51 35.19 28.99 16.33%
EPS 0.68 -0.83 -1.43 -2.42 -5.74 -1.23 3.57 3.53 3.20 2.42 1.80 -
DPS 0.00 0.46 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 0.07 -
NAPS 0.32 0.32 0.2997 0.30 0.3273 0.3818 0.40 0.3727 0.3227 0.1811 0.0734 19.21%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
Date 31/01/24 31/01/24 31/10/23 31/10/22 29/10/21 30/10/20 31/10/19 31/10/18 31/10/17 31/10/16 - -
Price 0.52 0.52 0.54 0.535 0.93 0.555 1.33 1.45 2.42 1.71 0.00 -
P/RPS 0.50 0.53 0.52 0.58 1.58 0.77 1.72 2.53 2.53 1.80 0.00 -
P/EPS 77.11 -62.67 -35.45 -20.09 -14.73 -41.09 33.83 37.32 34.34 26.15 0.00 -
EY 1.30 -1.60 -2.82 -4.98 -6.79 -2.43 2.96 2.68 2.91 3.82 0.00 -
DY 0.00 0.88 0.00 0.00 0.00 0.00 0.75 0.00 0.00 0.00 0.00 -
P/NAPS 1.63 1.63 1.69 1.62 2.58 1.32 3.02 3.54 3.41 3.49 0.00 -
Price Multiplier on Announcement Date
AQR T4Q 31/10/23 31/10/22 31/10/21 31/10/20 31/10/19 31/10/18 31/10/17 31/10/16 31/10/15 CAGR
Date 25/03/24 25/03/24 21/12/23 22/12/22 23/12/21 21/12/20 19/12/19 14/12/18 15/12/17 21/12/16 - -
Price 0.52 0.52 0.515 0.635 0.865 0.685 1.16 1.45 2.96 1.70 0.00 -
P/RPS 0.50 0.53 0.50 0.69 1.47 0.95 1.50 2.53 3.09 1.79 0.00 -
P/EPS 77.11 -62.67 -33.81 -23.84 -13.70 -50.71 29.51 37.32 42.00 25.99 0.00 -
EY 1.30 -1.60 -2.96 -4.19 -7.30 -1.97 3.39 2.68 2.38 3.85 0.00 -
DY 0.00 0.88 0.00 0.00 0.00 0.00 0.86 0.00 0.00 0.00 0.00 -
P/NAPS 1.63 1.63 1.61 1.92 2.40 1.63 2.64 3.54 4.17 3.47 0.00 -

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
1 person likes this. Showing 50 of 1,857 comments

doll

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

2023-10-03 18:06

FinanceInRealLife

MyNews is up more than 28%!

2023-10-03 21:17

FinanceInRealLife

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

2023-10-03 21:17

Lee88Lee

Ai yo yo
Mynews go go go

2023-10-03 23:00

DickyMe

Only fellows buying is the DANG family

2023-10-03 23:08

TerrenceLim

Hopeless stock... Run by bad management

2023-10-04 07:30

doll

Hahaha that's right. Perhaps heading for privatisation soon

2023-10-04 17:08

shiby

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

2023-10-06 14:25

kimpeng

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

2023-10-07 13:40

DickyMe

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.

2023-10-13 18:51

BursaKakis

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

2023-12-23 10:12

Stock4Real

waiting long long , time to wake up

2023-12-28 17:03

hw0706

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...

2 months ago

Gabriel Khoo

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

3 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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.

2 weeks ago

Good123

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

2 weeks ago

Good123

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%

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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 -

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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.

2 weeks ago

Good123

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.

2 weeks ago

Good123

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

2 weeks ago

Good123

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.

2 weeks ago

Good123

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.

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

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

2 weeks ago

Good123

Expected to rise in stage.

2 weeks ago

goldmanbull

A counter that has been overlooked by market for too long already....

2 weeks ago

Good123






Super cheap compared to 7-11.

@goldmanbull

A counter that has been overlooked by market for too long already....

16 hours ago

2 weeks ago

Good123

Strongly believe it would rebound in stage. The worse is over. Now on the profitable path again, on the way up again

2 weeks ago

newbietrader9

looking good now

1 week ago

hw0706

Margin very thin....Sarawak and Sabah no hope. also too many local convience store which mainly for online ?????gamb...

2 days ago

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