no doubt this 2 days, newbie scared and keep throw. but rmrb, bosses own more than 80% of the shareholding. unless they throw, you dont throw

2nd day ipo ady judge this one until like that. last whole year mco cmco so many times, they can even make decent profit. apa lu mau

everyone read comment that mobilia is bad here and there. so they panic sell

what comes down, will go up. dont worry

NICE TO 'CU"
IS CU COMPARABLE TO FAMILY MART?
WILL CU BRING MYNEWS TO ANOTHER HEIGHT?

1) 570 MYNEWS OUTLETS.
MYNEWS currently operates 570 MYNEWS outlets in Malaysia.

2) KEY STRENGTHS INTEGRATED FOOD CHAIN, FPC & RTE PRODUCTS.
In FY19, MYNEWS completed a fully integrated Halal food supply chain and a Food Processing Centre (“FPC”) in Kota Damansara. Commercial production started in June 2019, rolling out ready-to-eat (RTE) meals and bakery products. Production is smooth.

3) ONLINE ORDERING, AN INTEGRAL PART OF THE NEW NORMAL.
MYNEWS caters for online orders. MYNEWS DASH was rolled out in late September 2019 with its first hub at the Taman Tun Dr Ismail outlet to cater for online orders for its RTE foods and other daily needs products.

4) DOUBLE DIGIT REVENUE GROWTH.
During FY19, except for print media, all other product categories recorded double digit growth in revenue.

5) GROWING LARGER, WHILST SEEING STRONG RTE POTENTIAL.
Management expects MYNEWS to grow larger and stronger with time, driven by MYNEWS’ higher store count, increase in number of Maru Kafe concept outlets and the effective utilization of the FPC. MYNEWS are still within gestation period of FPC’s roll out. Management expects earnings to improve when economies of scales are achieved. Management sees strong potential and contribution of RTE to the in-store sales in the long run, as proven by the convenience stores with the same concept in Thailand, Japan and Taiwan.

6) CU x MYNEWS.
On Oct 12, 2020, MYNEWS became the master franchisee of South Korean convenience store brand CU in Malaysia. CU is one of the leading convenient stores in South Korea, with more than 15,000 stores. Master franchisee agreement: a 10-year period, with a renewal option of an additional 10 years.

7) 1ST STORE WITHIN 2 MONTHS, 499 MORE WITHIN 5 YEARS.
MYNEWS targets to open the first CU store in 1Q21 and open a total number of 500 CU stores in the next 5 years. CU 'menu' here (https://klfoodie.com/cu-convenience-store-malaysia/) - Would Malaysians like it? Would it be comparable to FamilyMart?

8) LEVERAGING FPC.
CU’s fresh food will be manufactured at MYNEWS’ existing food processing center, improving its utilization rate, economy of scale and profitability.

9) CU PAYBACK PERIOD.
Estimated 2-3 years per CU store.

10) BUSINESS RISKS.
Management does not expect CU stores to contribute much line earnings in the near term due to gestational costs. Market competition may intensify. Competitors include Family Mart, 7-Eleven, MYNEWS, KK Mart and 99 Speedmart.

11) POSITIVE OPERATING CASHFLOWS DESPITE LOSS-MAKING.
MYNEWS had 2 loss making quarters due to MCO and CMCO. However, their net losses are partly due to items write-off and depreciation. Even during MCO and CMCO, MYNEWS still generated positive cash flow from operating activities.

12) ACQUIRING SHARES BETWEEN 56-62 SEN.
EPF and Aberdeen Asset Management has been acquiring MYNEWS shares aggressively from September to December 2020 between 56-65 sen.

Would CU bring MYNEWS to another height? Time will tell.

DISCLAIMER
Our analyses and views are for sharing purpose only. They could be inaccurate. Valuation is beyond scope. No BUY/SELL recommendation. Investors are responsible of all their investment decisions and investment outcomes.

I have checked in fb, mynews recruiting staff for mycu last 2 weeks

@Choivo Capital for now only 1 store opening?

go read about it in google. no bluff

After CU stores took over of all familymart stores after the master agreeement ended in korea, familymart are forced to leave korea..

CU stores opening

gonna fly soon

myeg dont need niis anymore.. so many other opporunities.

just cut loss

i cant attach the link here. go find in klse screener ya, in myeg

true MYEG investor please join MYEG_KLSE telegram

Investment in start-up companies bearing fruit. While MYEG has an extended track
record of investing in China-based augmented reality (AR), virtual reality (VR) and artificial
intelligence (AI) companies, we understand that HiScene, one of the companies that MYEG
invested is planning for potential listing on Shanghai Stock Exchange’s STAR Market this
year. There are some indications that MYEG’s stake in HiScene can be worth RM1b upon
listing, although MYEG intends to be a long-term investor. MYEG has also invested in
several related start-up companies such as Ximmerse, Jingle Magic, and DeepScience
Technology (details in overleaf table) earlier. These companies are recognised as some of
the fastest growing AR/VR/AI companies in China, and are backed by long lists of prominent
investors as well as venture capital firms. To add on, MYEG has also invested in a diverse
variety of local technology businesses including FashionValet, Agmo Studio, and Stampede
Solution.

Cushioned by resilient demand for MySafeTravel and foreign workers’ COVID-19 tests,
MYEG is poised to deliver significant qoq earnings lift. MYEG will also indirectly benefit
from the recently awarded NIISe project through its stake in S5 Systems. Meanwhile, a
likely extension of tax incentive status, potential approval to distribute saliva test kits in
Singapore and emerging mega gains from the funding of China technology start-ups
are forming strong catalysts for MYEG. Maintain BUY and target price of RM2.65.

Re-rated by UOB today. RM2.65!!!

do join myeg telegram group

run while you still can

here alot of ppl talking nonsense cheating you to buy. iris just an obsolete technlogy stock

more dumping coming up

HAHA. worst technlogoy stock of all time. got the 1.2B due to (you know why)

KES MENANTU: 4 SOALAN PM KENA JAWAB.
Menantu PM didakwa dapat projek RM1.16 Bilion. Ia menjadi kontroversi. Integriti Kerajaan PN dipersoalkan.
Syarikat IRIS umum di Bursa Malaysia, mereka sudah dapat surat anugerah atau letter of award (LOA) projek NIIS Jabatan Imigresen bernilai RM1.16 Bilion. Surat LOA dari KDN itu bertarikh 29.1.2021. Ini tidak boleh dinafikan.
Menantu lelaki PM, Datuk Adlan Berhan adalah rakan kongsi IRIS. Manakala anak lelaki Vincent Tan adalah pemilik majoriti saham IRIS
Justeru ada 4 soalan yang Muhyiddin kena jawab segera dan sejujurnya.
Pertama, apakah benar menantu PM pemilik majoriti saham S5 System.
Kedua, apakah benar S5 System adalah rakan kongsi IRIS. IRIS menggunakan konsortium untuk melobi kontrak itu dan S5 adalah pemain utamanya.
Ketiga, benarkah anak Vincent Tan sebagai pemegang majoriti saham IRIS membeli saham tersebut selepas PRU ke 14
Ke empat, kenapa luluskan projek mega NIIS tersebut secara tergesa gesa di musim darurat ini?
Projek National Integrated Information System (NIIS) Jabatan Imigresen akan menggantikan sistem sedia ada iaitu Malaysian Immigration System (myIMMS). Ia akan dipasang di semua pintu masuk negara seperti airport..
Empat soalan itu ditujukan kepada Muhyiddin kerana dia adalah PM. Kedua, kerana menantunya terlibat. Ketiga, pada 11.12.2018, Muhyiddin selaku Menteri KDN Kerajaan PH telah membatalkan kontrak yang sudah diberi kepada Prestariang pada Ogos 2017.
Kemudian Muhyiddin minta proposal baru “request for proposal” (RFP) pada tahun 2019. Ini memberi peluang syarikat yang ada kaitan dengan menantunya melobi dan membida.
Sebab itu Muhyiddin kena jawab. Jangan membisu. Jangan autokratik. Jangan guna darurat serta gantung Parlimen sebagai muslihat untuk buat perkara lain.
Banyak yang rakyat mahu tahu termasuk tindakan saman oleh Prestariang yang menuntut ganti rugi sebanyak RM732 Juta. SPRM mesti berani menyiasat.
Amat mendukacitakan di musim darurat ini macam macam lulus. Buat 3 dewan di Parlimen Pagoh sampai RM35 .4 Juta. Kini menantu pula adalah orang berkepentingan dalam projek yang bernilai RM1.16 Bilion.

dont seems like the NIIS project. anyone care to share their view?

DUMPPPP

gonna have strictest mco like mco 1.0. this is a signal

WHen EPF start to sell tenaga, it times to unload also unfortunately. I have observed EPF been collecting it almost daily for a year but only started to dispose this few days..

Heading toward 9.2

you wont regret 100%. believe me

i have sold all careplus months ago and switch to rubberex

rubberex available stock to trade is so so much lesser compare to careplus.

folks, just switch to rubberex, here too much contra players.

dont miss out on later BIG annoucement

TP RM2.78

BONUS issue just a nicer term for SPLIT shares.

hold tight.. some news coming up in Malaysia.

when a company only depend on NIISS, this is what happen. so PLS..DONT SELL

DONT SELL..i saw the paperwork, iris for sure DIDNT get it.

warren buffett buying from TS

reliable sources said iris only contribute less than 10% of niiss. only certain hardware

see who disposed 62,500,000. haha

RUN. bonus share just the same with split share. nothing to be excited

KWSP and EPF continue acquiring even after taking up the PP

sapu now and wait for good news

weak holders, go to he**

NIISS RECEIVED BY AH WONG

singapore = pfizer

NIISS will limit up for 2 days

VVIP is collecting vastly in 1.68. go check