Posted by 121212 > 2020-10-12 15:55 | Report Abuse

Kpop always is youngest idols. Not worried No market

Posted by Macampro > 2020-10-12 15:58 | Report Abuse

Time to buy

Posted by All_win_money > 2020-10-12 16:31 | Report Abuse

time to switch from Family mart

Posted by anthonytkh > 2020-10-12 17:21 | Report Abuse

Read their latest AR. Scroll all the way down to Properties section. Those numbers are NBV only. Current Market Value for those properties will be higher. Their Kota D’sara Distribution Center is big, their Rawang Distribution Centre is also considerable in size. This is one of the reasons EPF kept buying Mynews w/o even selling once since EPF started collecting (and EPF usually invest in a stock while also trade that stock daily/weekly). I follow EPF.

Posted by KLLee_0110 > 2020-10-12 19:58 | Report Abuse

Mynews like brand name but afternoon open prices 0.67 start goes down to RM0.60 closing very scary. People wondering why open prices start dropping so much. Any problems from the company?

Posted by anthonytkh > 2020-10-12 20:01 | Report Abuse

Profit taking fr yesterday. Traders. Not investors

Posted by Morning $tar > 2020-10-12 21:44 | Report Abuse

When the news came out, naturally ppl will start selling, profit-taking. Looking at the bright side, with EPF buying in, RM1.00 in the medium term is not impossible.

Posted by 121212 > 2020-10-12 23:03 | Report Abuse

https://viralcham.com/food/mynews-cu-convenience-store-2021-eh12102020/

Posted by KLLee_0110 > 2020-10-13 09:30 | Report Abuse

Since many outlet will be open at least the share prices can hit RM0.80 many people will be asking the share prices

Posted by KLLee_0110 > 2020-10-13 09:32 | Report Abuse

Prices go up many people will chase for this stock because yesterday afternoon just open trading

Posted by Jeffreyteck > 2020-10-13 09:51 | Report Abuse

MyNews expands by bringing in Korean.... goreng on news. LT negative.

Posted by KLLee_0110 > 2020-10-13 09:57 | Report Abuse

Since EPF bought a lot is an opportunity to push the share prices to built up a strong fundamental basis of the company share prices who know can partner with investor

Posted by KLLee_0110 > 2020-10-13 09:59 | Report Abuse

Some company EPF didn’t buy them at all. Is really an opportunity to increase the share then trader will keep buying in

Posted by doll > 2020-10-13 10:06 | Report Abuse

After announcement dropped. No clear direction, a while partner japanese, a while partner with korean. now team up with korean to fight your own maru concept? aim to open 500 stores in 5 years for cu, what abt your own stores? with the current economic situation, how big is the mkt share to fit all these stores?

Posted by DannyArcher > 2020-10-13 10:21 | Report Abuse

it is like Proton, they launch so many version of the same class - Gen2, Waja, Wira, and etc. All more or less the same engine and spec. Only create more inventories, more management, more problems.

MyNews should just convert all myNews to CU. Running both side by side is a suicidal move. Soon, you'll find the same product in myNews and CU, and one is cheaper and than the other. Eventually, both will offer the same product and services, which defeat the purpose.

Posted by KLLee_0110 > 2020-10-13 11:17 | Report Abuse

At this time at least let us earn some money for this pandemic covid 19

Posted by mamatede > 2020-10-13 11:39 | Report Abuse

https://www.theedgemarkets.com/article/mynews-south-korean-cu-store-venture-longterm-positive-says-maybank-ib

So Maybank is optimistic about mynews opening up CU. In my opinion, opening up CU is good in terms of branding, mynews spend a lot on their stores rebrand, expansion, renovations and now another name coming in. Bad.. Also, opening up more other stores will canibalize its own mynews store. What they can do is convert their existing stores to CU brand, which will incur additional cost again... bad... so whats the good news?

Posted by 121212 > 2020-10-13 12:16 | Report Abuse

Good news is Korean product. Korean food got big market in Malaysia.

Posted by anthonytkh > 2020-10-13 12:21 | Report Abuse

I don’t think there will be any cannibalisation of Mynews stores. CU stores and Mynews stores will be symbiotic, each catering to different consumer markets. Main thing will be growth in revenue for MYNEWS as a PLC

Posted by DannyArcher > 2020-10-13 23:03 | Report Abuse

@anthonytkh

How can it be symbiotic? If there is no cannibalization, then FamilyMart would not have caused so much damage to myNews.

Remember Apple in the 90s? They literally had 2 division making 2 similar products targeting the same group - mackintosh and apple II. In the end, both failed. Apple consolidated their products when Steve Jobs came back.

It is obvious myNews is going to FamilyMart and CU market. If you are a parent company, the last thing you want is to hold both McDonald and Burger King franchise. McDonald and Starbucks make sense, McDonald and Pizza Hut makes sense.

Posted by Jeffreyteck > 2020-10-14 08:53 | Report Abuse

Just for goreng only as min 2 Cs are missing, ie competencies and commitment to deliver for minority SHs over LT.

Posted by 121212 > 2020-10-14 09:41 | Report Abuse

Seiko and Alba, huawei and honor, Aeon and Aeon big, all of them are parents company.

Posted by 121212 > 2020-10-14 09:43 | Report Abuse

If not mistaken, super 7 and nsk is sister company

Posted by Sioksiok19 > 2020-10-14 10:51 | Report Abuse

Just look at FamilyMart. It is one of the two largest convenient stores in Japan and is doing very very well. They started opening new outlets in Malaysia recently managed by QL Resources and since then business has been excellent. Meanwhile, CU is the largest convenient store in South Korea and its business model is very similar to FamilyMart. CU is going to start operation in Malaysia next year under MYNews and MYNews has an advantage as it already has many outlets established. Hence MYNews has good potentials in the medium to long terms given the 10 years agreement signed with CU (with option to extend another 10 years). Good stock for investment purpose, in my humble opinion.

Posted by Sioksiok19 > 2020-10-14 15:18 | Report Abuse

Buy for the future !

Posted by MoneyShow3 > 2020-10-15 01:04 | Report Abuse

Cu used to be family mart in Korea. They actually helped build up family mart to its current value. Just like chatime and tealive.. Epf will buy another 6 to 7%, things will change very fast for mynews. Very cheap now. If mynews had 2000 stores, they would be bought over by other groups too, including CP and other Asian groups. Very confident of the value,....

Posted by Valgrovest > 2020-10-15 11:13 | Report Abuse

I guess not many ppl know about CU unless they have been to South Korea or following Korean movies. In time to come and when the new CU stores are opened early next year, more will know and realise how great is CU. By then it will be too late to buy MYnews shares.

Posted by anthonytkh > 2020-10-15 19:48 | Report Abuse

And EPF just keeps buying and buying without selling/trading at all.....

Posted by MoneyShow3 > 2020-10-15 19:49 | Report Abuse

Date interest acquired 13 Oct 2020
No of securities 34,509,000
Circumstances by reason of which Securities Holder has interest Acquisition of ordinary shares by the registered holder which is a custodian appointed by one or more funds managed by Aberdeen Standard Investments (Malaysia) Sdn Bhd ("ASIMSB").
Nature of interest Direct Interest

Posted by MoneyShow3 > 2020-10-15 19:50 | Report Abuse

More funds coming in, too cheap at the current price point, will move up sharply once folks know

Posted by 121212 > 2020-10-15 20:37 | Report Abuse

Wa!!! Corporate investor keep buying

Posted by Valgrovest > 2020-10-16 09:35 | Report Abuse

Yes, another major shareholder emerged - Aberdeen .....in addition to EPF. More exciting things ahead !

Posted by anthonytkh > 2020-10-16 11:22 | Report Abuse

Yeah. Institutional funds’ questions to PLCs are usually entertained/answered. And so they decide to invest. Us retailers/minority shareholders can ask PLCs questions but not entertained hahaha. It’s good news

Posted by anthonytkh > 2020-10-16 19:29 | Report Abuse

And institutional funds bought more again. Keep the faith

Posted by 121212 > 2020-10-16 19:42 | Report Abuse

Aberdeen and epf bought more lagi ~

Posted by RainT > 2020-10-18 19:25 | Report Abuse

Why Aberdeen & EPF is buy non stop MYNEWS??

Posted by RainT > 2020-10-18 19:26 | Report Abuse

MYNEWS FPC is still not full capacity until now

also MYNEWS is high competition & products is easily replace by competitors

Posted by RainT > 2020-10-18 19:26 | Report Abuse

with Covid & lockdown , MYNEWS sales in areas & airports will be affected

Posted by RainT > 2020-10-18 19:27 | Report Abuse

the Korea stores not so fast to open & have all the gestation costs, will take few years before profit to come in

Posted by RainT > 2020-10-18 19:27 | Report Abuse

there is nothing good points at MYNEWS now

Posted by RainT > 2020-10-18 19:28 | Report Abuse

why Abeerdeen & EPF non stop buy ?

Posted by RainT > 2020-10-18 19:28 | Report Abuse

they know something that we is dont know ??

Posted by MoneyShow3 > 2020-10-18 20:02 | Report Abuse

There will be more funds buying into Mynews. In q1 there shld be a further strategy on the in store offerings to improve profitability. Mynews will be stronger than family mart in 6 to 8 mths. 7-11 has closed some stores.
I hope mynews keeps expanding and adding more stores. One strategy is to switch stores which needs a refresh offerings and which have been beaten down by family mart eating into they sales.

More funds will buy in and collect for long term. CU would also benefit as they want to qualify to for the halal market in other countries they expand into and could use mynews food processing ctr for the frozen microwavable ready to eat meals, just like CP 7-11 in Thailand

Hold for 1.50!!

Posted by 121212 > 2020-10-19 18:33 | Report Abuse

Epf continue bought MyNews on 14 & 15

Posted by MoneyShow3 > 2020-10-19 23:19 | Report Abuse

Easily buy another 100m to 150m shares of Mynews..

Posted by Valgrovest > 2020-10-20 18:43 | Report Abuse

More acquisition of shares by large institutional funds.....thumb up for this counter !

Posted by MoneyShow3 > 2020-10-20 21:39 | Report Abuse

The buy in will not stop... Back to CMCO, perfect for mynews

Posted by Hafid > 2020-10-21 15:22 | Report Abuse

What do mynews have vs the sem and family mart

Posted by Valgrovest > 2020-10-22 09:50 | Report Abuse

I guess Familymart has limited outlet in Malaysia and it takes time and money to set up new outlets. Whereas CU can just piggy back on MyNews vast number of outlets in Malaysia. Maybe just remodel a bit and can run already. So can expect the opening of CU outlets in Malaysia very fast and contribute to MYNews revenues and profit.

Posted by Valgrovest > 2020-10-23 08:49 | Report Abuse

EPF continued to buy.