Posted by Victor Yong > 2020-11-12 11:20 | Report Abuse

Almost 7x oversubscribed during io at rm1.10 previously


Bison Consolidated's IPO shares oversubscribed by the ...
16 Mar 2016 — KUALA LUMPUR: MyNEWS.com chain store operator Bison Consolidated Bhd's initial public offering ...
Imagethemalaysianreserve.com › bison-ip...
Bison IPO oversubscribed - The Malaysian Reserve
3 Apr 2017 — Bison Consolidated Bhd's initial public offering (IPO) of 15.5 million shares was oversubscribed by 6.94 ...

Posted by Victor Yong > 2020-11-12 11:42 | Report Abuse

Epf n foreign funds invested in mynews, good, safer investment unlike unknown penny stocks :)

Posted by Victor Yong > 2020-11-12 12:12 | Report Abuse

Park here with epf and foreign funds :)

Posted by Victor Yong > 2020-11-12 12:15 | Report Abuse

These foreign funds dumped aeon but invested more n more in mynews... change in demography + pandemic + lesser disposable income = potential for mynews :)


AEON Shareholding Changes

Date of change Shares Director/
Substantial Shareholder
28 Oct 2020 Disposed
516,300 Standard Life Aberdeen Plc And Its Subsidiaries
28 Oct 2020 Disposed
516,300 Aberdeen Asset Management Plc
27 Oct 2020 Disposed
267,700 Aberdeen Asset Management Plc
27 Oct 2020 Disposed
267,700 Standard Life Aberdeen Plc And Its Subsidiaries
26 Oct 2020 Disposed
431,200 Aberdeen Asset Management Plc
26 Oct 2020 Disposed
431,200 Standard Life Aberdeen Plc And Its Subsidiaries
23 Oct 2020 Disposed
135,500 Standard Life Aberdeen Plc And Its Subsidiaries
23 Oct 2020 Disposed
135,500 Aberdeen Asset Management Plc
22 Oct 2020 Disposed
3,133,800 Standard Life Aberdeen Plc And Its Subsidiaries
22 Oct 2020 Disposed
3,133,800 Aberdeen Asset

$$$$$$$$$¥¥¥¥¥¥¥$$$$$$€€€€€€$
MYNEWS Shareholding Changes

Date of change Shares Director/
Substantial Shareholder
20 Oct 2020 Acquired
632,900 Employees Provident Fund Board
20 Oct 2020 Acquired
1,080,300 Standard Life Aberdeen Plc And Its Subsidiaries ("together "the Group")
20 Oct 2020 Acquired
1,080,300 Aberdeen Asset Management Plc
20 Oct 2020 Acquired
1,080,300 Aberdeen Standard Investments (malaysia) Sdn Bhd
19 Oct 2020 Acquired
111,200 Employees Provident Fund Board
19 Oct 2020 Acquired
189,900 Standard Life Aberdeen Plc And Its Subsidiaries ("together "the Group")
19 Oct 2020 Acquired
189,900 Aberdeen Asset Management Plc
19 Oct 2020 Acquired
189,900 Aberdeen Standard Investments (malaysia) Sdn Bhd
15 Oct 2020 Acquired
585,900 Employees Provident Fund Board
15 Oct 2020 Acquired
1,000,000 Aberdeen Asset Management Plc

15 Oct 2020 Acquired
1,000,000 Standard Life Aberdeen Plc And Its Subsidiaries ("together "the Group")
15 Oct 2020 Acquired
1,000,000 Aberdeen Standard Investments (malaysia) Sdn Bhd
14 Oct 2020 Acquired
94,000 Employees Provident Fund Board
14 Oct 2020 Acquired
160,500 Aberdeen Asset Management Plc
14 Oct 2020 Acquired
160,500 Standard Life Aberdeen Plc And Its Subsidiaries ("together "the Group")
14 Oct 2020 Acquired
160,500 Aberdeen Standard Investments (malaysia) Sdn Bhd
13 Oct 2020 Acquired
1,429,000 Employees Provident Fund Board
13 Oct 2020 Acquired
34,509,000 Standard Life Aberdeen Plc And Its Subsidiaries (together "the Group")
13 Oct 2020 Acquired
34,509,000 Aberdeen Asset Management Plc
13 Oct 2020 Acquired
34,509,000 Aberdeen Standard Investments (malaysia) Sdn Bhd

Posted by Victor Yong > 2020-11-12 12:35 | Report Abuse

Volum makin Menurun, ramai tak sanggup jual pada harga lelong dah :)


Date Close Volume
11/11/2020 0.565 695,500
10/11/2020 0.57 1,747,300
09/11/2020 0.56 348,300
06/11/2020 0.56 362,800
05/11/2020 0.56 408,100
04/11/2020 0.555 366,500
03/11/2020 0.56 219,100
02/11/2020 0.56 272,700
30/10/2020 0.555 795,500
28/10/2020 0.57 305,600
27/10/2020 0.575 175,500
26/10/2020 0.57 733,400
23/10/2020 0.575 1,798,300
22/10/2020 0.585 801,200
21/10/2020 0.595 1,463,300
20/10/2020 0.605 2,309,100
19/10/2020 0.615 2,378,400
16/10/2020 0.61 4,496,800
15/10/2020 0.60 3,430,100

Posted by Good123 > 2020-11-12 12:53 | Report Abuse

the blue chip lower liners like mynews with EPF, foreign funds as shareholder will undergo a consolidation with any weakness to be supported by the improved trading liquidity with investors continuing their quest to hunt for higher yields.

Posted by Victor Yong > 2020-11-12 13:51 | Report Abuse

**AmInvest thinks mynews dah undervaluedkah? :)

MyNews Holdings - Korean Covenience Stores Popping In
Date: 13/10/2020

Source : AmInvest
Stock : MYNEWS Price Target : 0.62 | Price Call : HOLD
Last Price : 0.57 | Upside/Downside : +0.05 (8.77%)

Back

Investment Highlights
We maintain our HOLD call on Mynews Holdings (Mynews) with a slightly higher fair value of RM0.62 (previously RM0.60). Our valuation is based on 21x FY21F EPS, which is at a discount of the average historical PE of 29x to reflect the weak prospect arising from the Covid-19 pandemic.
Mynews has announced that its wholly-owned subsidiary MYCU Retail Sdn Bhd has executed a licensing agreement with BGF Retail Co Ltd (BGF).
We think that the new venture bodes well for the group in the long term as it is expected to help improve the capacity utilisation of Mynews’ food processing centre (FPC). However, we believe the full-blown positive effect will only be felt from FY22F onwards as economies recover from the Covid-19 impact.
Moving forward, we think Mynews’ 4QFY20 earnings performance will be negatively impacted by the CMCO (conditional MCO) in Selangor, KL and Putrajaya from 14 to 27 October 2020. We believe this will further drive down its FPC utilisation rate in the near future.
We expect earnings recovery to come in from FY21F onwards with a PATAMI of RM20mil. We have assumed a higher number of store openings of 140 (vs. 90 previously) as well as a recovery in sales and margins in FY21F.
We have lowered earnings estimates for FY20E to a net loss of RM0.3mil (net profit of RM2.9mil previously) but raised our earnings estimates for FY21F and FY22F by 2% and 8% respectively.
The key takeaways from the special investors briefing call are as follows:

BGF is South Korea's biggest convenience store operator and owner of the convenience store brand CU. CU is one of the leading convenience store brands with more than 15,000 stores in South Korea.

The licence is for operating and sub-franchising of CU outlets in Malaysia for a duration of 10 years with an additional renewal term of 10 years.

By adding CU to the existing retail brands namely, Mynews, WH Smith and Mynews SuperValue, the group is offering Malaysians a new choice and shopping experience from South Korea.

Mynews targets to open 30–50 stores in 2021 starting from early 2021. This is on top of the initial plan of 100 new Mynews stores in 2021F.

The addition of CU will open up new growth opportunities and enhance the group's capabilities to meet consumers' demand. It is expected to increase the utilisation of the group's FPC.

Mynews plans to open up around 500 CU stores in five years. The capex for CU stores will be around RM400K per store, roughly 10% cheaper compared with that of Mynews’ own stores. The group has allocated around RM40mil for this new venture in the next two years.

The group is aiming for a payback period of less than two years for the new CU stores (lower than the payback of roughly three years for Mynews stores with Maru Kafe).

The group is not expecting the new CU stores to cannibalize Mynews’ stores as they cater to different target markets. The CU store will focus more on F&B due to its exclusive Korean food offerings. The basket size for a CU store is expected to be more than RM10, higher than that of Mynews stores’ pre-Covid-19 level of RM7.

The group expects the FPC to reach its breakeven point of 70% by end-2021F. Currently, the FPC is running at a utilisation rate of 33% due to the negative impact of Covid-19 pandemic.
Source: AmInvest Research - 13 Oct 2020

Posted by Tete7893 > 2020-11-12 15:29 | Report Abuse

Ranging Rm 0.555- Rm 0.57. When it can move ?>?

Posted by Victor Yong > 2020-11-12 16:35 | Report Abuse

This stock needs patience.. it will rebound quickly soon probably


IPO at rm1.10 also ~ 7 times oversubscribed

@Tete7893 Ranging Rm 0.555- Rm 0.57. When it can move ?>?
12/11/2020 3:29 PM

Posted by Good123 > 2020-11-13 07:38 | Report Abuse

volume started surging again :)

Date Range Close Volume
12/11/2020 0.565 - 0.58 0.57 1,257,700
11/11/2020 0.565 - 0.57 0.565 695,500
10/11/2020 0.565 - 0.595 0.57 1,747,300
09/11/2020 0.555 - 0.57 0.56 348,300
06/11/2020 0.56 - 0.565 0.56 362,800
05/11/2020 0.555 - 0.565 0.56 408,100
04/11/2020 0.555 - 0.565 0.555 366,500
03/11/2020 0.555 - 0.565 0.56 219,100
02/11/2020 0.555 - 0.56 0.56 272,700
30/10/2020 0.545 - 0.57 0.555 795,500
28/10/2020 0.57 - 0.575 0.57 305,600
27/10/2020 0.575 - 0.58 0.575 175,500
26/10/2020 0.565 - 0.585 0.57 733,400
23/10/2020 0.575 - 0.595 0.575 1,798,300
22/10/2020 0.585 - 0.60 0.585 801,200
21/10/2020 0.59 - 0.61 0.595 1,463,300
20/10/2020 0.595 - 0.61 0.605 2,309,100
19/10/2020 0.60 - 0.615 0.615 2,378,400
16/10/2020 0.60 - 0.64 0.61 4,496,800

Posted by Good123 > 2020-11-13 07:39 | Report Abuse

are EPF n Aberdeen foreign funds started buying again?

Posted by i3lurker > 2020-11-13 07:44 | Report Abuse

7 Eleven hires locals

MyNews? you see Bangla more often at their shops due to locals refusing to work for MyNews. MyNews must have offered very low salary

IPO at rm1.10 also ~ 7 times oversubscribed

///@hello_VN liked this post so much that he highlighted it

"When enough fake ids repeats the same lies, some suckers will believe and buy. Its just like the fake poker game with 9 conmen and 1 sucker."///

Posted by Good123 > 2020-11-13 08:09 | Report Abuse

all these are just kopitiam talk. VT of 7-11 is even less generous look at his listed companies eg.bjland,nickel, etc :)

Posted by Good123 > 2020-11-13 08:41 | Report Abuse

kini orang Akan pergi mynews bagi sarapan pagi , makan tengahhari

Posted by Good123 > 2020-11-13 08:43 | Report Abuse

orang takut masuk malls kini. Beli kat mynews, dll ... tren baru. Rasa Aberdeen dumped aeon Dan Beli mynews shares adalah pintar banget :)

Posted by kuring2 > 2020-11-13 10:56 | Report Abuse

Wah..finally break the 0.57.. good sign.. fly next week?

Posted by Tete7893 > 2020-11-13 11:27 | Report Abuse

mynews more than news. mynews should fly higher and higher

Posted by kuring2 > 2020-11-13 11:45 | Report Abuse

Ya.. hehehe.. it should fly..just a matter of time.. now current price 0.575.. 38 lots only seller.. will mobe to the 0.58 price today

Posted by kuring2 > 2020-11-13 12:07 | Report Abuse

Great... 0.575 finished.. now seller at 0.58...

Posted by kuring2 > 2020-11-13 12:08 | Report Abuse

good game gais.. topup if can..hold if you cant..

Posted by Tete7893 > 2020-11-13 12:30 | Report Abuse

Someone keep throwing at 0.575 how to break this point?

Posted by kuring2 > 2020-11-13 14:50 | Report Abuse

Wait patiently.. :).. seller now at 0.58... hopefully ppl dont throw below than that.. its abt to fly next week

Posted by kuring2 > 2020-11-13 16:01 | Report Abuse

And now.. it is officially touch 0.58.. good momentum... its abt to fly.. just be patient n keep holding or accumulate while u can.. :)

Posted by Tete7893 > 2020-11-13 16:15 | Report Abuse

Mynews is the next gem of recovery stock.

Posted by kuring2 > 2020-11-13 17:05 | Report Abuse

Ya.. dats why i said.. we need to calm n patient.. wait with a smile..u wont regret :).. good show gais today, congrats..

Posted by kuring2 > 2020-11-13 17:07 | Report Abuse

Mynews and PCCS-WA surely will come.. its a matter of time.. recover.. slowly climbing up.. next maybe LEESK.. its collecting mode now..

Posted by Tete7893 > 2020-11-16 17:09 | Report Abuse

Sad counter. Mynews = no news~ Cannot move at all

Posted by GorengHealthcare > 2020-11-17 10:45 | Report Abuse

mynews good pick for recovering stocks. join lah

Posted by Tete7893 > 2020-11-17 11:14 | Report Abuse

shit, I sold at 0.58 now only fly. Tired

Posted by Valgrovest > 2020-11-17 12:14 | Report Abuse

Best recovery stock !

Posted by Tete7893 > 2020-11-17 13:39 | Report Abuse

can back to RM1.0 ?

Posted by dompeilee > 2020-11-17 14:48 | Report Abuse

Bought MyNews @ 61.5c this morning after recommending 2 clients for the last 2 weeks.

Posted by dollardollarbill > 2020-11-18 10:19 | Report Abuse

K-Pop craze is worldwide and Malaysia is no different. K-Pop fans here will support CU

Posted by dompeilee > 2020-11-18 15:17 | Report Abuse

SOLD 2/3 of MyNews @ 66-67c this morning

Posted by Esperian > 2020-11-19 06:31 | Report Abuse

Y sell at 67s when it is worth at least RM1

Posted by smallboybuyshares > 2020-11-19 12:53 | Report Abuse

Buy 7-11 better

Posted by dompeilee > 2020-11-19 15:08 | Report Abuse

Becos I suka earn short-term kopi lui =)

Posted by nobitasan > 2020-11-27 22:43 | Report Abuse

Coming Q in Dec is very bad I heard!

Posted by Kei2 > 2020-11-28 14:47 | Report Abuse

I have invested in. Expecting a break even QR will be good enough. 7.11 ok familymart ok. So I expect this to be ok.

Posted by thlim123 > 2020-11-29 22:56 | Report Abuse

Buy more if Coming Q4 bad.

Posted by nicedurians > 2020-12-03 09:50 | Report Abuse

cup and handle formed. will fly to 0.70 next week

Posted by DannyArcher > 2020-12-04 17:42 | Report Abuse

When the first CU store opens, I will visit. Then I will visit the 2nd and 3rd CU store. If it is good and respond is good. Maybe MyNews found the right formula and it is time to sell some QL and put some in MyNews.

Posted by atomic5 > 2020-12-04 20:00 | Report Abuse

Gogogo MyNews operate like Thailand convenient store then you will be good

Posted by LC LAU > 2020-12-05 12:19 | Report Abuse

Coming quarter result quit bad, abit worst than previous quarter.
Definitely it is a recovery stock, but not a good timing to buy now but after quarter.

Posted by Keyman188 > 2020-12-05 12:49 | Report Abuse

OMG...Too sad to say...Keyman188 always opt opposition direction...

When people start ignoring & abandoning fundamental stocks...

Then Keyman188 start to accumulate......

Keyman188 no need follow other nonsense investors thought & perception...

Always self-confidence...self-discipline & self-enrichment to explore...research...&...study...

Always invest what you can understand...


Cheers.................

Posted by Kei2 > 2020-12-05 14:37 | Report Abuse

Buy some 1st Buy more at triple bottom if qr bad. No need to time market. You sure qr bad price go down?

Posted by thlim123 > 2020-12-06 13:19 | Report Abuse

We would never know how low a stock can go down and how high a stock can go up. But I believe the support at 0.55.

Posted by Keyman188 > 2020-12-06 17:51 | Report Abuse

CU is planning to open 500 stores by 2026 with its first stores set to open in 2021, after reaching a partnership with local convenience store company MyNews Holdings Bhd. The group will be looking at opening 30 to 50 CU stores first to monitor how they perform.

Posted by Keyman188 > 2020-12-06 17:53 | Report Abuse

In 1990, FamilyMart officially launched their first store in South Korea, entering the market. The Bogwang FamilyMart Corporation had to give FamilyMart brand a royalty which meant that technically most of the money that FamilyMart made in South Korea was going to Japan. FamilyMart used a lot of their royalty from South Korea for the Takeshima Islands Movement which was a movement that was on Japan's side on the dispute of the Liancourt Rocks.

Therefore in 2012, the CU brand was launched, and over about two years BGF Retail changed the store signs from FamilyMart to CU. However, some store managers refused to change the store sign because they did not want to "restart" with a barely known brand and wanted to keep the FamilyMart sign. However, BGF Retail ended up changing all the signs forcefully, but later added "with FamilyMart" on the sign to get rid of customer confusion. However, CU stores made less profit because many people were not used to the brand. They started making profit, and by 2016 CU was as popular as FamilyMart.

Currently, FamilyMart has no control over CU. The "with FamilyMart" stickers that were on the store signs were taken off, and FamilyMart has completely disappeared from the South Korean market. However, during AFC (Asian Football Confederation) soccer matches, FamilyMart is still advertised even if the match is in South Korea. This is because FamilyMart is a partner of the AFC, and has nothing to do with the former Korean version of Bogwang FamilyMart.



Bogwang FamilyMart changed its name to BGF Retail in 2012 to launch its own convenience store brand, CU. The motive of this move was to establish a Korean style convenience store for the customers. CU stands for "CVS for U." Since 1990, FamilyMart had been dominating the South Korean convenience store market for 22 years. Bogwang Group and FamilyMart signed a contract that stated that by 2014, FamilyMart had to fully exit the South Korean market and cannot relaunch the FamilyMart franchise in both South Korea and North Korea until 2016. However, after FamilyMart's exit in 2014, the brand has not yet relaunched in the Korean peninsula. In April 2019, CU has started a delivery service, and magnified the service to 1000 stores in May

Posted by Keyman188 > 2020-12-06 17:57 | Report Abuse

If follow the plan with upcoming global economy on the road of recovery...

Foresee MyNews can enjoy huge fruitful profitable results for the next few years.......

BOOMING Retail Market on the way......

No wonder StandChart Aberdeen & EPF keep on accumulating last few months...