Posted by Sky Soo > 2020-01-10 12:50 | Report Abuse

The PE is then 15. This is the best price to pick up the share.

Posted by fmbklci > 2020-01-10 13:39 | Report Abuse

0.9 i will top up again

Posted by fmbklci > 2020-01-10 13:39 | Report Abuse

its earning much more now compare to IPO back then

Posted by Sky Soo > 2020-01-10 14:28 | Report Abuse

Mynews doesn't have something special to offered like Family Mart. Their margin is so thin as they have to compete with other similar outlets. They kept opening new stores with more capex. The thin dividends evaporate fast. Hence, no solid buyers for the moment.

Posted by fmbklci > 2020-01-10 16:54 | Report Abuse

someone is dumping today. look at the volume

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-01-10 17:02 | Report Abuse

Probably those who got bonus in 2017 are throwing

Posted by Sky Soo > 2020-01-10 17:16 | Report Abuse

More trouble will come to the middle east. I prepare to buy Mynews at 50- 60 Cents.

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-01-10 17:17 | Report Abuse

just curious, how can middle east affect mynews' business?

Posted by Sky Soo > 2020-01-10 17:17 | Report Abuse

Of course, there are many counters on sales. Be prepared for the best.

Posted by Sky Soo > 2020-01-10 17:23 | Report Abuse

This is called systematic risk. The whole market is affected. Those weak counters would temporarily be affected more as volatility increases.

Posted by Sky Soo > 2020-01-10 17:24 | Report Abuse

However, MYnews has a solid fundamentals. Its one of the counters in my radar.

Posted by Sky Soo > 2020-01-10 17:29 | Report Abuse

https://johnbwellsnews.com/kissinger-world-war-iii-will-come-and-muslims-will-turn-to-ashes-henry-kissinger-if-you-cant-hear-the-drums-of-war-you-must-be-deaf/

Posted by investmalysia > 2020-01-10 19:19 | Report Abuse

Yes. Will be temporary affected. But nothing to do with it’s fundamental. Better to collect while it’s cheap

Posted by Choivo Capital > 2020-01-12 11:20 | Report Abuse

This is starting to smell interesting.

Posted by investmalysia > 2020-01-12 18:29 | Report Abuse

Yes. So better buy now

Posted by value88 > 2020-01-13 09:16 | Report Abuse

MyNews has good prospect but its new Food Processing Center and newly launched in-house Ready-To-Eat (RTE) food will drag down its earnings due to initial cost incurred.
The analyst guided that the "gestation period" may take ~2 years for its FPC to reach economic of scale. Assume the analyst is correct, MyNews' earnings in several quarters to come will be lower YoY and that is negative to its stock price..

All in, I think its stock price still has room to fall, so interested investor should wait before buying.

Posted by value88 > 2020-01-13 09:17 | Report Abuse

~2 years gestation period is long..

Posted by investmalysia > 2020-01-13 09:29 | Report Abuse

Selling pressure still exists. Hold tight

Posted by skypie87 > 2020-01-13 09:46 | Report Abuse

What happen to Mynews? Keep dropping since last week non-stop. Like Water..

Posted by investmalysia > 2020-01-13 11:17 | Report Abuse

It’s okay. Dropping with Low volume today. Just some panic selling

Posted by investmalysia > 2020-01-13 11:17 | Report Abuse

Can buy some if you trust it

Posted by skypie87 > 2020-01-13 11:30 | Report Abuse

Not so dare now. It keep dropping like no bottom... >.<

Posted by Gala Kat > 2020-01-13 12:54 | Report Abuse

It's not uncommon to see many counters prices taking a beating … and never really recovered. Eg....Star, Yongtai, Boustead, DWL & etc.

Posted by investmalysia > 2020-01-13 14:40 | Report Abuse

There were a lot of counters prices taking a beating and recover as well

Posted by Victor Yong > 2020-01-13 15:16 | Report Abuse

good price, epf also sapu recently :)



EMPLOYEES PROVIDENT FUND BOARD 23-Dec-2019 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Dec-2019 Acquired 300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Notice of Interest 178,500 0.000 View Detail

Posted by Victor Yong > 2020-01-13 15:17 | Report Abuse

director also beli non-stop

MR DING LIEN BING 06-Jan-2020 Acquired 100,000 - View Detail
MR DANG TAI HOCK 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI LUK 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI WEN 06-Nov-2019 Acquired 776,800 - View Detail
MR DANG TAI HOCK 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI LUK 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI WEN 16-Oct-2019 Acquired 1,000,000 - View Detail
MR DANG TAI HOCK 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI LUK 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI WEN 01-Oct-2019 Acquired 1,283,800 - View Detail
MR DANG TAI HOCK 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI LUK 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI WEN 22-Jul-2019 Acquired 410,600 - View Detail
MR DANG TAI HOCK 02-Jul-2019 Acquired 250,000 - View Detail
MR DANG TAI LUK 02-Jul-2019 Acquired 250,000 - View Detail
MR DANG TAI WEN 02-Jul-2019 Acquired 250,000 - View Detail

Posted by Victor Yong > 2020-01-13 15:19 | Report Abuse

undervalued badly :)

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
23/12/2019 1.10 1.57 +0.47 (42.73%) BUY AmInvest
20/12/2019 1.11 1.45 +0.34 (30.63%) BUY RHB-OSK
20/12/2019 1.11 1.20 +0.09 (8.11%) HOLD KENANGA
20/12/2019 1.11 1.16 +0.05 (4.50%) BUY AmInvest

Posted by investmalysia > 2020-01-13 15:22 | Report Abuse

Correct. Really undervalue. Not always got these kind of opportunit

Posted by Victor Yong > 2020-01-13 15:30 | Report Abuse

people are getting poorer due to higher cost of living... more and more people will have lunch and dinner at mynews

Posted by Victor Yong > 2020-01-13 15:33 | Report Abuse

in the philippines, people are having breakfast, lunch and dinner at store like mynews. that's why mynews is partnering japanese food producer to roll out japanese style food boxes, etc. mynews has better potential than 7-11 in Malaysia indeed

Posted by Victor Yong > 2020-01-13 15:34 | Report Abuse

buy on weakness indeed... malaysians are poorer nowadays, great potential for biz model like mynews than 7-11

Posted by Victor Yong > 2020-01-13 15:35 | Report Abuse

mynews will become the common eating place for malaysians in the coming years

Posted by Victor Yong > 2020-01-13 15:38 | Report Abuse

malaysia is the best place for mynews due to rising household debts, urban poverty, cities are flooded with low salary foreign workers also

Posted by Victor Yong > 2020-01-13 15:39 | Report Abuse

ordinary malaysians and low pay foreign workers can afford to eat at mynews. also halal too :) buy b4 the chance is disappeared at such low price

Posted by Victor Yong > 2020-01-13 15:40 | Report Abuse

PE is much lower than 7-11 with dividend also

Posted by Victor Yong > 2020-01-13 15:45 | Report Abuse

mynews should have higher PE than 7-11 in terns of biz potential. it should be above RM1 as per all the target prices given by analysts

Posted by Victor Yong > 2020-01-13 15:46 | Report Abuse

History
- Direct Biz Transactions in 2019

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
06/11/2019 00:00:00 1.3000 0.0100 776,800 776,800 1.010m 1.010m 1.3000 0.1139 -
16/10/2019 00:00:00 1.3500 - 1.000m 1.000m 1.350m 1.350m 1.3500 0.1466 -
01/10/2019 00:00:00 1.3500 - 538,800 1.284m 727,380 1.733m 1.3500 0.0790 -
01/10/2019 00:00:00 1.3500 - 745,000 1.284m 1.006m 1.733m 1.3500 0.1092 -
22/07/2019 00:00:00 1.4100 - 410,600 410,600 578,946 578,946 1.4100 0.0602 -
02/07/2019 00:00:00 1.3700 - 250,000 250,000 342,500 342,500 1.3700 0.0366 -

Posted by Victor Yong > 2020-01-13 15:47 | Report Abuse

over reaction to the minumum wage at rm1200 at selected cities :)

Posted by Victor Yong > 2020-01-13 16:17 | Report Abuse

maybe, time for mynews to do share buyback :)

Posted by Victor Yong > 2020-01-13 16:19 | Report Abuse

:p

Date Open Range Close Change Volume
10/01/2020 1.03 0.96 - 1.03 0.97 -0.06 (5.83%) 4,218,600
09/01/2020 1.05 1.03 - 1.05 1.03 +0.01 (0.98%) 55,000
08/01/2020 1.05 1.02 - 1.05 1.02 -0.03 (2.86%) 154,700
07/01/2020 1.06 1.04 - 1.06 1.05 +0.01 (0.96%) 711,100
06/01/2020 1.10 1.03 - 1.10 1.04 -0.05 (4.59%) 1,908,100
03/01/2020 1.10 1.09 - 1.11 1.09 -0.01 (0.91%) 609,700
02/01/2020 1.11 1.09 - 1.11 1.10 -0.02 (1.79%) 2,416,700
31/12/2019 1.13 1.10 - 1.13 1.12 +0.01 (0.90%) 1,226,300
30/12/2019 1.15 1.10 - 1.17 1.11 +0.02 (1.83%) 2,448,600
27/12/2019 1.09 1.09 - 1.10 1.09 +0.01 (0.93%) 14,500
26/12/2019 1.10 1.08 - 1.10 1.08 -0.02 (1.82%) 116,800
24/12/2019 1.06 1.06 - 1.11 1.10 +0.01 (0.92%) 162,500
23/12/2019 1.10 1.08 - 1.11 1.09 +0.02 (1.87%) 649,000
20/12/2019 1.11 1.06 - 1.12 1.07 -0.09 (7.76%) 1,867,800
19/12/2019 1.18 1.13 - 1.18 1.16 -0.04 (3.33%) 44,900
18/12/2019 1.13 1.12 - 1.20 1.20 +0.08 (7.14%) 34,600
17/12/2019 1.14 1.11 - 1.14 1.12 -0.01 (0.88%) 333,100
16/12/2019 1.17 1.13 - 1.17 1.13 -0.03 (2.59%) 134,700

Posted by Victor Yong > 2020-01-13 16:22 | Report Abuse

Among consumer product stocks, AmInvestment Bank has a “buy” call on Power Root (fair value [FV] RM2.82), Guan Chong (FV RM3.49), Mynews Holdings (FV RM1.66), Berjaya Food (FV RM1.57) and Leong Hup International (FV RM1.04).

Posted by Good123 > 2020-01-13 16:26 | Report Abuse

last minute, heavy buying possible ? :)

Posted by Victor Yong > 2020-01-13 16:42 | Report Abuse

EPF , 5%+

5275 MYNEWS MYNEWS HOLDINGS BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder
Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia
Address:
TINGKAT 19, BANGUNAN KWSP JALAN RAJA LAUT 50350 KUALA LUMPUR Wilayah
Persekutuan Malaysia
Descriptions (Class and Nominal Value):
Ordinary Shares
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment.To read the entire contents of the announcement or attachment,please
access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 24/12/2019
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 23/12/2019 Acquired 300,000 -
Circumstances by reason of which change has occurred:
Acquisition of Shares in Open Market
Nature of Interest:
Direct Interest
Consideration:

No of Shares Held After Changes:
Direct : 34,861,400 shares (5.1100%)
Total : 34,861,400 shares

Posted by Victor Yong > 2020-01-13 16:53 | Report Abuse

definitely seems like a recession-proof stock that can grow steadily over the long run. Any price corrections would be great opportunities for buy-and-hold investors.

Posted by Victor Yong > 2020-01-13 17:03 | Report Abuse

Knee jerk reaction :)

RM1,200 minimum wage gazetted, takes effect Feb 1
NATION
Monday, 13 Jan 202012:41 PM MYT

Posted by Victor Yong > 2020-01-13 17:10 | Report Abuse

Many fearful investors sudah lari as minumum wage was announced today. 7-11 also remained steady. Back to normal tomorrow

Posted by investmalysia > 2020-01-13 17:10 | Report Abuse

Totally agree with victor. Foods are so expensive nowadays. People will eat at mynews for lunch and dinner. Which is why their RTE have a huge potential. I see many office workers or shopping Malls promoters eat their lunch or dinner there

Posted by c328 > 2020-01-13 19:08 | Report Abuse

Wage rm1.2k is norm as Gov announced before 2020. I believe mynews was take into consideration n d way to overcome this confirm info. I m not scare for this confirm news, I will be away if there is uncertain issue that will affect a company performance.

Posted by investmalysia > 2020-01-13 20:15 | Report Abuse

Any examples of uncertain issues

Posted by Victor Yong > 2020-01-13 20:41 | Report Abuse

People spend less, RTE capacity usage, some of the risks mentioned