According to the newly announced budget, more goodies will be given away in the form of handouts to low income groups and 2% tax cut to the M40, consumers spending should improve further without lifting of subsidies by the government.
Other income manage to cover the loss this q. Probably trimmed some expenses but everything else are the same. Many cashing out from small gain previously. First i knew this Company they have zero debts, with many private placements, now can't even attract whale investors
Just be cautious as the company grow CU store with more than 50% of the stores making losses as they grow further. Lease liabilities balloon from RM87mil in 2021 to RM154 mil in 2022. Cash is dwindling to all time low and expected either a rights issue or private placement in 1-2 quarters from now.
They make good profit and revenue before FamilyMart came to malaysia. Problem with myNews is they always follow people. Last time says will beat 711 in their own game by setting up shops nearby 711. When FM came to Malaysia, they tried to copy by setting up their FPC, nobody goes to mynews and buy ice cream and bread, so they lose lots of money in FPC.
Now FM moving to dine in cafe style, go check out FamiCafe. CU now outdated already. Always a follower.
Very true as well. Like i mentioned, is their last card CU saved their ass.
I m not against the Company, but with the management team like that better i put my money elsewhere. Was visiting them quite frequently when there are MYNEWS, local brand, now they are like KOREAN already. I hate KPOP so too bad lar
Turnaround story + outlet growths + margin expansion = Due for breakout Imagine when MyNews starts slowing down on CU expansion and less CAPEX spent, economies of scale, FPC profitable and economy recovers to pre-covid which we are seeing now. I can only imagine huge profits. Double of pre-covid levels.
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