Posted by MoneyShow3 > 2021-06-06 20:38 | Report Abuse

KLCC outlet open. Next week hopefully BU and IOI Mall. Putrajaya 47% Community vaccinated

Posted by vincent cym > 2021-06-08 18:55 | Report Abuse

nice!

Posted by MoneyShow3 > 2021-06-08 22:08 | Report Abuse

Desa petaling this week, grab app featuring CU... Every new outlet up 2 sen pun cukup.... 50 outlets, up rm1.... Hahaha..

CU at 1.50. Very cheap now, don't wait till too late, a lot ot M&A targets now... MMC, IJM plantations, Amproperties.... More to come.

Posted by Hafid > 2021-06-11 08:43 | Report Abuse

My news it's fixed cost will go up if the sales per store could not go up...

Posted by Bgt 9963 > 2021-06-11 08:54 |

Post removed.Why?

Posted by BullCT > 2021-06-11 09:53 | Report Abuse

Yesterday drop by BU cu store for their pumpkin ice-cream, folks came in non-stop even tho during fmco period. what do you guys think their earning after years when there’s cu store everywhere at the corner

Posted by MoneyShow3 > 2021-06-13 20:14 | Report Abuse

Biz looks good, shld take advantage of this MCO and open more stores.. Get ready for the new trend.. Mynews ready to eat selection also improving.

CU at 1.50..

Posted by newbie8080 > 2021-06-17 11:02 | Report Abuse

QR should be out next week.

Since it's quarter is from feb-april without MCO, it should do better.

Else I think they really need to revaluate their strategy.

Posted by mokluhanj21 > 2021-06-18 12:20 | Report Abuse

this counter confirm die one. 80 sen next. dont waste time praying and holding your breath. sell first . entry again when it falls below 200d EMA and closer to 50d EMA.

(no counter can sustain after spiking to more than 3STDEV for its 200day MA)

Posted by DickyMe > 2021-06-18 12:46 |

Post removed.Why?

Posted by stockraider > 2021-06-18 12:47 | Report Abuse

BETTER SWITCH TO INSAS BEFORE TOO LATE MAH!

Do u know that u buy 1000 shares of insas at Rm 0.875, U will still get exposure of 800 shares of Inari worth Rm 2.60 leh!

Do not be silly lah...!!

Insas already make profit after tax of Rm 217m within 9 mths....its projected EPS is Rm 0.43 for the year mah...!!

U think Insas main main meh ?

Insas hathaway more than a bluechips mah!


INSAS HATHAWAY IS AN OPPORTUNITY BUY, NOT TO BE MISSED MAH!

Posted by OldWiseMan100 > 2021-06-22 01:56 | Report Abuse

@stockraider

How was your 'Palm Oil' rally pump and dump? Palm Oil price crash already, but last week kept on saying this is the rally of a lifetime and how palm oil companies are going to make lots of money.

Posted by InsiderShark > 2021-06-22 10:52 | Report Abuse

Insider News: Bad QR... very bad QR.

Posted by InsiderShark > 2021-06-22 13:20 | Report Abuse

Price drop below EMA 50 (RM0.90)... now have to see if drop below EMA100 (RM0.845) in the next few days. Next support line is RM0.795.

EMA50 broken already, minor downtrend. Also MACD down. Natural for sellers to sell now. Can go up or not? Nobody knows. But QR most probably negative again, like AA and Genting.

Posted by fregend > 2021-06-22 16:06 | Report Abuse

Just visit the new CU store, business good even during FMCO, keep for recovery play

Posted by InsiderShark > 2021-06-23 12:54 | Report Abuse

Next Support

EMA100 (RM0.845)
EMA200 (RM0.795)

Posted by LongTermInvestor8 > 2021-06-23 19:52 | Report Abuse

Very bad qr coming.... how? buy or sell?

Posted by shiby > 2021-06-23 19:58 | Report Abuse

hopefully able to collect at lower price.the company future look good if more CU store open and once the sale accumulated(more than 1 year)

Posted by trum > 2021-06-23 23:30 | Report Abuse

Very bad qr coming kah.... ???

Posted by InsiderShark > 2021-06-24 02:05 | Report Abuse

Support line broken yesterday. Sell and come back after their bad qr report.... confirm not good, just how bad it is, like AA... bad also ok. but support line broken liao... dont know temp down or long term down.

Posted by InsiderShark > 2021-06-24 02:05 | Report Abuse

buy buy sell sell

Posted by MiaoMiao7 > 2021-06-24 02:46 | Report Abuse

How bad is the qr? Worse than last qr? Lose more money? Need to do PP or not?

Posted by OldWiseMan100 > 2021-06-24 11:24 | Report Abuse

WTF? Private Placement? cannot be lah. myNEWS debt so low.

Posted by DannyArcher > 2021-06-24 12:22 | Report Abuse

what is PP? Private Placement?

Posted by KNN888 > 2021-06-24 13:17 | Report Abuse

Hi emart24

https://propsquare.my/2021/06/24/mamee-double-decker-brings-first-south-koreas-emart24-store-to-malaysia-first-outlet-opens-in-bangsar-south/

Posted by DannyArcher > 2021-06-24 14:48 | Report Abuse

Mamee... another competitor. this industry is getting hot

Posted by DannyArcher > 2021-06-24 14:54 | Report Abuse

reaching next support line 0.84 soon. hold your horses.

Posted by InsiderShark > 2021-06-24 15:02 | Report Abuse

Sell now, come back later.
https://ibb.co/X5CBV2y

Chart shows down-trending.

Posted by Analyser > 2021-06-24 15:51 | Report Abuse

ugh... another huge competitor from Korea as well. seems like more and more company want to get into this convenient store business

Posted by vincent cym > 2021-06-25 18:04 | Report Abuse

qr released

Posted by InsiderShark > 2021-06-25 18:41 | Report Abuse

See... you can trust me, see my previous comment. told you guys already, qr worse than last qr. you guys want to know my tp?

Posted by vincent cym > 2021-06-25 18:50 | Report Abuse

In summary, at a Loss before taxation of RM11.46 million, Mynews second quarter performance was mainly affected by the ongoing Covid-19 pandemic. Other contributing factors were losses incurred by the FPC of RM3.16 million for the quarter and the share of losses of RM0.60 million of jointly controlled entity, WH Smith, as travel industry remained restricted if not closed.

Posted by sapurakencana > 2021-06-25 18:52 | Report Abuse

sure,pls advise.

Posted by vincent cym > 2021-06-25 18:57 | Report Abuse

FPC and WH Smith, do you think this FY profitable? do you think next FY profitable? CU expected to breakeven in 2-3 years hhmm

Posted by MoneyShow3 > 2021-06-25 23:47 | Report Abuse

The QR is expected and nothing to be surprised about. What is important is to keep quickly opening more CU stores and be ready for the recovery. As the vaccinations pick up so will economic activities and revenue. Only way to improve gross margins back to >35% is with more CU stores.

The free liquidity is low... Today QR expected and we all expected it to be a loss but the counter still green.

Long term investors staying put, cu at 1.50

Posted by Analyser > 2021-06-26 17:35 | Report Abuse

Nothing to be surprised about? That's not the issue here. We know it's going to lose money for the coming quarters as well. But did u look at the cash balance? Now only down with RM 5m. Soon, it'll need to call for a rights issue.

Posted by DickyMe > 2021-06-26 17:38 |

Post removed.Why?

Posted by MoneyShow3 > 2021-06-27 14:38 | Report Abuse

Hold steady this week.. CU at 1.50

Posted by MrKiasu > 2021-06-27 19:32 | Report Abuse

Cash only left RM5m. -_-!!.

Posted by newbie8080 > 2021-06-28 10:47 | Report Abuse

Company burning cash as MCO continues. Low footfall and early closure time not helping.


Even during non-MCO period between february-april don't provide much to the bottom line.

Likely private placement or rights issue by next quarter if they want to target 30-40 CU stores by year end.

Posted by shiby > 2021-06-28 12:26 | Report Abuse

i will wait untill clearer situation before entering

Posted by paperplane > 2021-06-28 12:33 | Report Abuse

hehe. too many competition also

Posted by Analyser > 2021-06-28 19:33 | Report Abuse

TheStar reported:

“We expect MyNews to see at least three additional quarters of losses. The gradual easing of the MCO will be inadequate to drive sufficient foot traffic for MyNews stores to break even over the near term. In addition, spending ability has seen an overall deterioration, ” it said

“Maintain Sell given MyNews’ lofty valuations and extremely challenging headwinds. Target price of 72 sen remains unchanged, ” it said.

Additional 3 more quarters of losses. With cash balance of RM5mil and cash burn of RM7m per quarter, Mynews should need rights issue or private placement soon.

Posted by Gabriel Khoo > 2021-06-29 13:45 | Report Abuse

8. Low cash balance not a big deal. With pre-existing debt facilities yet to be drawn down from, as well as numerous debt offers from banks, the group believes that it will not run into significant issues with its current cash holdings.

Posted by DannyArcher > 2021-06-29 14:30 | Report Abuse

@Gabriel Khoo

Yes, their debt is low, as low reasonably low. They still have access to loan and bonds. I believe with the good respond from CU, which can be seen by anyone, no bankers will say CU is a high risk. Whether they do a good execution is another story. Long term is a good bet, short term with covid you'll have to weather the storm.

Posted by shiby > 2021-06-29 17:11 | Report Abuse

trying to enter at lower price

Posted by DickyMe > 2021-06-29 17:14 |

Post removed.Why?

Posted by Tan456 > 2021-06-29 22:16 | Report Abuse

Quarter loss is normal as they have spend so much on opening store for CU and it's impossible to profit so fast back especially with the FMCO right now everything take time....still believing in MYNEWS this stock while it's long term stock do not afraid with the dropping right now. Right now is discount price time for some top-up hahaha

Posted by Analyser > 2021-06-29 22:50 | Report Abuse

For those who said bank borrowings are low and banks can borrow, I'd like to know:

1) How is bank borrowings low when Cash balance is RM6m and Borrowings is at RM58m?

2) Do you think the bank will want to lend to Mynews, a company in retailing industry which will we expect to suffer another 3 quarters of heavy losses? If you are a bank, would u want to lend money to them?

3) What will happen when Mynews cannot get borrowings and investors to take up shares? A rights issue will definitely ensue. Invest with great caution.

Posted by DannyArcher > 2021-06-30 00:04 | Report Abuse

Their debt to equity ratio is 22%, Still have some room to grow the debt.
To put things into perspective, 7-11 debt to equity ratio is 300%

1 is profitable and the other is not.
I guess it depends on how much you think CU will help myNews in 2022 and beyond.
If you think CU will be as profitable like FamilyMart, then it is cheap now.
Nobody knows the future, we can anticipate.
What are the odds of Malaysia going back to normal in 2022?