from my overview, I only can say this result is neutral...
1. myNEWS EBITA still got 5.57m due to net profit including depreciation this big amount of expenses. 2. Sales per store 62 thousand per month average, this is still acceptable range if we look back from 2016 to 2020 AR...the sales per store average per month from 60 thousand in 2018 to the highest in 2016 which is 72 thousand. (although 80% of the store in Klang which is one of the most restrictive movement controls in M'sia but still can maintain the sales per store) 3. net profit drop which is lead by lower revenue for the main reason and slightly higher cost compared to the past. 3a. lower revenue is because myNEWS close more underperform store... then myNEWS planning to open more store in the future
Actually the latest QR is not too bad considering it covered the worst and most restrictive movement control (NOV20-JAN21). Slightly higher losses compared with previous quarter is therefore reasonable. We need to move away from historical performance and have a forward looking view on the company's future performance and growth now that the economy is gradually picking up and new CU stores are going to be opened one by one commencing 1/4.
wow, cannot imagine the buying force... but we focus on business and the value stock price is the bonus...we know it will come it left timing problem...
If my Dnex can climb from 16sen to rm1 just on concept, why not mynews with CU and actual store expansions on a market recovery.... Bye bye family mart....
Strong support with good closing....meaning dont worry too much about past results/QR (caused by MCO) but look forward to future prospect and development.
Top 25 shareholders own 93.87% of Mynews Holdings Berhad's.
D&D Consolidated Sdn Bhd 57.43% Employees Provident Fund of Malaysia 6.66% Standard Life Aberdeen plc 5.64% Tai Kien Dang 3.45% Norges Bank Investment Management 2.79% Kumpulan Wang Persaraan 2.37% Kenanga Investors Berhad 1.89% DBS Group Holdings Limited, Asset Management Arm 1.61% Boon Ping Tan 1.59% Tai Gean Dang 1.35% Kumpulan Sentiasa Cemerlang Sdn. Bhd. 1.18% Affin Hwang Asset Management Berhad 0.91% Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments 0.89% Yee Hui Wong 0.85% Goon Khing Kong 0.75% Principal Global Investors, LLC 0.73% Tenaga Nasional Berhad Retirement Benefit Trust Fund 0.57% Evertop Cleaners Sdn Bhd 0.55% CIMB Group Holdings Berhad, Asset Management Arm 0.48% First Sentier Investors (Australia) IM Ltd 0.48% Heng Liew 0.43% Hong Leong Asset Management Bhd 0.38% Lion Global Investors Limited 0.38% Fei Ling 0.25% Chinchoo Investment Sdn Bhd 0.24%
If top 25 shareholders indeed holding more than 90% and keep buying, the share can lompat katak 20+% a day easily... I experienced a +17sen closing before with intra day in excess of 24sen..
Fingers crossed and wait for the big show... CU at 1.50..
Lost QR old story, at least they have a strategy to expand and turnaround. No matter what the fwd PE shld be good with the utilisation of the central kitchen. 90%+ of the shareholding is taken up, buying volume is strong, quite easy to keep moving up. 1st April go to center point BU and try for yourself... Bandar Utama is home ground, from the small little mynews bison outlet to a growing prominent retail chain... If CU in deeds makes waves in the first week of April, you can be certain of Rm1. 50 and above....
The best thing is, another 3 days to know the truth... So no harm loading up on some tickets rather than missing the train... CU at rm1.50
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
godhand
1,952 posts
Posted by godhand > 2021-03-25 20:44 | Report Abuse
jokers all over this forum