This guy named doll keeps lying. 2 months ago, this person @Doll tried to convince MyNews investors to sell their shares. If anyone listened to @doll, they would've missed out on the recovery.
Turnaround story + outlet growths + margin expansion = Due for breakout Imagine when MyNews starts slowing down on CU expansion and less CAPEX spent, economies of scale, FPC profitable and economy recovers to pre-covid which we are seeing now. I can only imagine huge profits. Double of pre-covid levels.
They should slowly rebrand their stores to Maru or something different, new concept or something really attractive. Like limited 100 RM2 nasi lemak per day and RM2 coffee per day. that mynews brand is so bad, like how 711 never had a running slurpy machine.
These stores need Malaysian workers instead of foreign ones. The Malaysian culture is unique and only Malaysians understand it. That does not mean only MALAY.
looks cheap enough now. they increase revenue by a lot.. and just lose 2mil.. next quarter if can turnaround. i assume wouldn't be hard. just need to close down underperform shop and cut down the expenses.
@wallstreetrookie i ain't lying or anything, i'm long term investor. yes sorry i might have caused some to miss the short fake rebound mostly directors buying up their own shares but look where is it now, already jatuh back. sure sales will increase = keep open new outlets, simple but sadly cant fight against the catching up cost. from a loan free company with a lot of cash reserves to now counting on loans to operate, how la dei? previously senang2 private placement, pop, investor come
Let’s face the reality, ie every time I pass by CU, I hardly see any customers inside. Competitors family mart always enjoy non-stop customers queuing to pay
Go to the first CU in central point BU... see for yourself... I saw bangla working there now. Kind of hard to communicate with them as sometimes they dont know what I want. Malaysians are easier to communicate but I guess they are more expensive to hire.
mynews big mistakes. 1. Refuses to kill the mynews brand, and restart a new brand. 2. CU does not localize their food, everything 100% Korean. 3. Let shop manager be responsible for profit and loss, manager should focus on running the shop, not manage the business. 4. Expand CU too fast. 5. MyNews Supersaver is such a bad idea, not a convenient store, not a mart, like hybrid car, not here not there.
1) Why restart a new brand? New brand take time & money. MyNews average revenue / shop is increase compare to before. exclude the revenue from CU
2) If you didt enter to CU mart, don’t make such a confident statement. CU do sell laksa, Bao, Japanese food and local drinks too.
3) Shop manager responsible profit and lost meaning they need to run the shop more responsible.
4) Yes. It is. But business always plan do try and adjust. Now they slow down the new branch for CU. Focus on myNews and Mynews Super value.
5) how you know is bad idea ? All idea and business take time to execute and see the results. Last time no people sell newspapers inside shopping mall too. When an idea succeed, people will said: “ clever! So creative combine convenient and mart concepts.”
Final word: business take time to build and earn. Average retail timeframe is 3 years.
Go and check back Family Mart Taiwan, took 6 years only breakeven. Malaysia FM come to Malaysia 2016, they learn their mistake too. Obviously FM Malaysia is doing a good job after the learning curve.
Family mart Taiwan: 1988年底,第一家店馆前店于台北站前商圈开幕,历经6年于1994年达到损益平衡;至1997年为期十年的创业期间,该公司在台湾本岛共计开设500家门市,主要集中在台湾西部各大都会区[2]。目前其市场占有率排名台湾第二大,仅次于统一超商(7-Eleven)[3];截至2022财政年度,门市总数达4,138家[4]。
Remember, this is not only one winner business. Of course it will have a leader in the market, just like Taiwan bigger conveniences store is 7-11, second is Family Mart. Go check their share price, both also perform well in long term.
To be honest, if there's a row of shoplots with 7-11, KK Mart, CU, Speed-99 mart, Family mart and Mynews located there, I will only drop by Speed-99mart , Mynews & family mart for specific items.
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....
nickinvests
56 posts
Posted by nickinvests > 2022-12-27 23:29 |
Post removed.Why?