Posted by Victor Yong > 2020-01-13 21:29 | Report Abuse

Expecting rebound tomorrow, those wanted to sell had done it

Posted by Victor Yong > 2020-01-13 23:34 | Report Abuse

Keep some in your portfolio :)

KUALA LUMPUR (Dec 20): RHB Investment Bank Bhd Research (RHB IB) has cut its forecast of financial year 2020 (FY20F) and FY21F earnings 26% and 24% for MyNews Holdings Bhd to impute a longer-than-expected gestational period of its bakery and ready-to-eat central kitchen.

In a note today, the research house said it maintained its 'Buy' call on the group at RM1.16 with a lower target price of RM1.45 (from RM1.70) due to the scalable growth potential, and said it introduces FY22F earnings at RM47 million.

RHB IB said MyNews yesterday reported a FY19 net profit of RM26.8 million (+1.2% year-on-year [y-o-y]), which is below house and consensus expectations, accounting for only 79% and 85% of the forecasts.

RHB IB said the earnings disappointment is mainly attributed to larger-than-expected losses from the group's manufacturing units, 51%-owned Mynews Ryoyupan Sdn Bhd and Mynews Kineya Sdn Bhd.

"We highlight underlying FY19 net profit growth would have been 10% excluding the losses from manufacturing.

"All in, MyNews has opened 77 new outlets in FY19, close to management's target of 80 stores, bringing the total number of outlets to 513 (+18% y-o-y)," it said.

Looking forward, the research house said it expects more intensive management focus on lifting the sales volume and utilisation rate of the manufacturing plant.

This includes fine-tuning product offerings to meet consumer demand and more aggressive marketing and introductory initiatives to improve consumer acceptance of fresh food products, it said.

Meanwhile, it also said the underlying convenience store business is likely to remain robust in churning growth, driven by outlet expansion and same-store sales growth.

"Essentially we reckon the strategy to go upstream is vital in complementing the store expansion to underpin sustainable growth over the long run.

"In our view, the scalability of the business is the key factor supporting the premium valuation commanded by convenience store operators — as such, investors should take a longer-term view on the stock unless there is a significant weakness in underlying business operations," it added.

At 11.23am, NyNews shares fell 5.17% or 6 sen to RM1.10, for a market capitalisation of RM750.37 million.

Posted by Victor Yong > 2020-01-14 08:45 | Report Abuse

Already launched card and app like Starbucks

What is
myNEWS Card?
myNEWS Card is a store-valued card which provides you the convenience of making cashless transactions in any myNEWS stores* in Malaysia. Works perfect as a gift card too!

Visit any myNEWS store and Grab one now!

*Except for Senai International Airport.


What is
myNEWS Malaysia App?
myNEWS Malaysia App provides you with a fast and easy cashless payment using only an App. Keep track of myPOINTS earned and receive exclusive members-only rewards by registering as a member in the App.

Download and register now! Available on the App Store for iPhone and Google Play for Androids.

Posted by Victor Yong > 2020-01-14 08:49 | Report Abuse

Products and services
myNEWS.com outlets carry products ranging from a large selection of magazines to convenience products such as household items, food and beverage, tobacco, personal hygiene and pharmaceutical products, snacks and drinks that includes its co-propriety brand of natural mineral water with Dasani. It also offers a variety of services available at selected outlets including prepaid top-up for mobile service providers, Touch ‘n Go reloads, bill payments, money remittance services and automated teller machines, photocopying, money changing agent to Western Union and Travelex, as well as courier services.

Outlets
Market shopping behaviour has changed to favour the locations of modern trade such as shopping malls and hypermarkets as they are more convenient, accessible and appealing to the customers. Shoppers are lured by the locations of the outlets, environment, product display, promotions and the loyalty programs. As such, myNEWS.com was the first to move from the typical newsstand locations to modern trade by positioning themselves in key locations where most of their customers are located. For instance, shopping malls, hypermarkets, offices, hospitals, resorts, theme parks, transportation hubs and airports.

myNEWS currently has over 420 outlets mainly in Peninsular Malaysia and a few in East Malaysia. It is mainly concentrated in the Central region, operating in shopping complexes and business hubs like Mid Valley Megamall, 1 Utama Shopping Centre, Pavilion KL, Suria KLCC, Sunway Pyramid, Setia City Mall, Plaza Sentral, Damansara City Mall, and The Horizon Bangsar South. In other regions, myNEWS also operates outlets in some famous shopping centres, for example Dataran Pahlawan Melaka Megamall, Queensbay Mall, Jusco Tebrau City, Little Red Cube and The Spring. It also has outlets in transportation hubs, such as KLIA, KLIA2, Senai International Airport, Penang International Airport, Langkawi International Airport, and Kota Kinabalu International Airport. myNEWS outlets are also available at rail transport hubs, such as LRT and MRT stations.

Store design
The design for myNEWS.com outlets is modern and contemporary with an emphasis on brightness and airiness.[3]

Posted by Victor Yong > 2020-01-14 08:59 | Report Abuse

Malaysia aging population, many retirees, singles are having breakfast, lunch and dinner at MYNEWS , great potential, air-conditioned, healthy foods, affordable

Posted by Victor Yong > 2020-01-14 09:02 | Report Abuse

Just temporary only, 49% Japanese owned manufacturing companies. Japanese is not stupid

RHB IB said the earnings disappointment is mainly attributed to larger-than-expected losses from the group's manufacturing units, 51%-owned Mynews Ryoyupan Sdn Bhd and Mynews Kineya Sdn Bhd.

Posted by Victor Yong > 2020-01-14 09:05 | Report Abuse

Many singles or unmarried people in Malaysia also a big market for MYNEWS especially retirees abandoned by their children in Malaysia or the children are overseas

Posted by DickyMe > 2020-01-14 09:07 |

Post removed.Why?

Posted by Victor Yong > 2020-01-14 09:08 | Report Abuse

Back to rm1 or above like ytl

Posted by Victor Yong > 2020-01-14 09:10 | Report Abuse

Can manufacture frozen foods like kawan and export to other countries. Those countries without mynews

RHB IB said the earnings disappointment is mainly attributed to larger-than-expected losses from the group's manufacturing units, 51%-owned Mynews Ryoyupan Sdn Bhd and Mynews Kineya Sdn Bhd.

Posted by Victor Yong > 2020-01-14 09:14 | Report Abuse

Expecting the director , ding, continue s to buy more shares , also EPF although holds more than 5%+ already

Posted by Victor Yong > 2020-01-14 09:19 | Report Abuse

The FY20 game plan
Mynews will focus on growing its customer reach and driving RTE demand in the near-term through higher store openings while investing in marketing efforts for Maru Kafe and RTE products to lift overall sales. Our earnings forecasts are unchanged. At 21.1x FY20E PER, Mynews currently trades at a 33% discount to its mean PER of 31.6x. We reiterate our BUY call and MYR1.35 TP (28x CY20 PER; consumer sector peer average) with a FY19-FY22E EPS CAGR of 19%.

Posted by Victor Yong > 2020-01-14 09:30 | Report Abuse

LIST OF THIRTY (30) LARGEST SHAREHOLDERS AS AT 31 JANUARY 2019
No. Shareholder
Shareholding
No. %


1 D&D Consolidated Sdn Bhd 373,777,000 54.79
2 Kumpulan Wang Persaraan (Diperbadankan) 31,141,400 4.57
3 Dang Tai Kien 22,945,000 3.36
4 DB (Malaysia) Nominee (Asing) Sdn Bhd
The Bank of New York Mellon for The Board of Regents of the University of
Texas System
13,535,000 1.98
5 Cititgroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Aberdeen)
12,936,100 1.90
6 HSBC Nominees (Tempatan) Sdn Bhd
HSBC (M) Trustee Bhd for Affin Hwang Select Opportunity Fund (3969)
12,470,200 1.83
7 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Commerce Trustee Berhad – Kenanga Growth Fund
12,436,600 1.82
8 Citigroup Nominees (Asing) Sdn Bhd
Exempt An for Citibank New York (Nogres Bank 9)
11,927,300 1.75
9 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
9,690,000 1.42
10 HSBC Nominees (Asing) Sdn Bhd
Exempt An for Morgan Stanley & Co. International PLC (IPB Client Acct)
9,666,200 1.42

Posted by Victor Yong > 2020-01-14 09:32 | Report Abuse

KUALA LUMPUR: As the general outlook for the consumer sector remains soft, economists believe the bright spot for the sector will be the government’s Visit Malaysia 2020 (VM2020) campaign, which is expected to boost spending on the back of an increase in tourist arrivals.

For the first nine months of 2019, Malaysia’s international tourist arrivals and tourist receipts increased by 3.7% and 6.9% year-on-year to 20.1 million and RM66.1 billion respectively.

With VM2020, the government is targeting 30 million international tourist arrivals in 2020 with total tourist receipts of about RM100 billion.

“To ensure the success of VM2020 and strengthen the tourism industry in Malaysia, the government has allocated RM1 billion in the Tourism Infrastructure Fund until end-2020 to provide financial assistance to existing and new companies involved in tourism-related activities and services,” AllianceDBS Research said in a note recently.

“The fund is eligible for all tourism infrastructure projects in Malaysia. These are projects that contribute to the development of the tourism industry such as, but not limited to hotel, convention centres, facilities related to education, medical or agro-tourism,” the research house said.

Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng said with VM2020, certain listed companies may indirectly benefit from increased tourist arrivals, such as Genting Malaysia Bhd, which owns and operates Resorts World Genting.

He also likes Berjaya Food Bhd, which operates the Starbucks chain of specialty coffee outlets via franchise, as he sees the growing coffee chain remaining as a key earnings driver.

Meanwhile, AllianceDBS also believes that the current crude palm oil (CPO) price rally will improve purchasing power, particularly in the palm oil sector.

CPO prices have recovered since the second half of 2019. Since hitting a low of RM1,865 per tonne in June 2019, the settlement price has been trending up to reach RM3,128 on Dec 30, 2019.

“The sustained price recovery of CPO could boost purchasing power of the workforce and growers in palm oil-related sectors, which in turn may induce higher consumer spending in rural areas,” said AllianceDBS.

Looking ahead, the research house believes that Dutch Lady Milk Industries Bhd, Fraser & Neave Holdings Bhd and Nestle (Malaysia) Bhd could benefit from increased consumer spending arising from Budget 2020’s initiatives and the recovery in CPO prices.

“Meanwhile, Mynews Holdings Bhd, 7-Eleven Malaysia Holdings Bhd, AEON Co (M) Bhd and Berjaya Food Bhd are [also] well positioned to capitalise on higher tourist spending from VM2020,” it added.

Posted by Victor Yong > 2020-01-14 09:33 | Report Abuse

KUALA LUMPUR: Economists are neutral on the prospects of the consumer sector in 2020 as data shows Malaysians are becoming more cautious about their spending.

The Malaysian Institute of Economic Research’s (MIER) Consumer Sentiment Index contracted by nine points quarter-on-quarter to 84 points in the third quarter of 2019 (3Q19), marking the lowest below optimistic threshold level since 4Q17.

“MIER noted that the domestic spending momentum would deteriorate in the near future due to anxieties over rising living cost, a sluggish job outlook coupled with limited shopping plans due to weakening purchasing power,” AllianceDBS said in a research note dated last Friday.

Retail Group Malaysia (RGM) recently cut its annual retail sales growth forecast for 2019 from 4.4% to 3.7%, in view of a disappointing growth of 1.8% in 3Q19 and the expected weak growth expected in 4Q19. This was RGM’s third revision since the beginning of 2019.

For 2020, the group is projecting a 4.6% growth for retail sales, although it noted that the year will remain a challenge for the Malaysian retail industry.

“Externally, trade disputes between countries are not expected to end soon. Internally, economic policies that can stimulate consumers’ spending are limited in the near term,” RGM said in its Malaysia Retail Industry Report released recently.

Despite the low consumer sentiment as measured by MIER, AmInvestment Bank said it expects healthy consumer spending to be sustained on the back of a steady labour market and stable inflation. The bank has projected private consumption to grow at 6.9%.

Socio-Economic Research Centre (SERC) executive director Lee Heng Guie is projecting private consumption growth to slow to 6.7% in 2020 from an estimated 7.2% in 2019.

“The estimation is slower compared with an average of 7% in the past-five years,” Lee told The Edge Financial Daily.

He said wage growth is a vital factor to support consumer spending. Noting that salary increment for 2020 is expected to remain slow, he said this will continue to affect consumers’ spending power.

Private sector wage growth moderated to 3.8% in 3Q19 from 4.2% in 2Q19. Bank Negara Malaysia (BNM) said this was supported mainly by services wage growth, which was relatively sustained at 4.1% in 3Q19, versus 4.4% in 2Q19, particularly in the food and beverage, and information and communication sub sectors.

Growth of manufacturing wages however moderated to 3.2% in 3Q19, from 3.9% in 2Q19.

Lower wage growth was also observed largely in export oriented industries, particularly in the electrical and electronics (3Q19:4.1%; 2Q19: 5.1%) and petrochemical clusters (3Q19:2.2%; 2Q19: 3.1%).

The slower rate of wage increment contributed to a weaker private consumption growth of 7% in 3Q19, down from 7.8% in 2Q19. BNM noted that this was due to household spending normalising towards a long-term trend as well as strong base effects from the tax holiday spending last year.

Meanwhile, SERC’s Lee stressed the need to watch out for global economic conditions such as the Sino-US trade dispute. But with some positive developments on the trade war front, he is hopeful there will be stability of sentiments.

“For me, the sentiment stability will only kick in by the second half of 2020. Hopefully China and the US will continue to push for a trade agreement following the ‘phase one’ trade deal [announced last month],” he said.

Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng said the outlook for the retail segment will remain weak for the next few months, as he has yet to see signs of recovery in the nation’s economy.

Malaysia’s gross domestic product moderated to 4.4% in 3Q19 from a year earlier, after 2Q19’s 4.9% year-on-year expansion.

“The retail sector is a proxy to the economy. If consumer confidence comes back, that means the economy is improving. But, that is yet to be seen,” Wong said.

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). AmInvestment Bank’s top pick for the sector is Power Root.

“We believe that Power Root will be a beneficiary of healthy consumer spending and export growth. We continue to like the company because of: i) its strong earnings recovery from streamlining of costs; ii) strong export sales growth from its planned expansion; iii) its scarcity premium for exposure to the instant coffee segment as Power Root is the closest to a pure play in the segment; and iv) a decent estimate dividend yield of 4.3% to 5.5% from FY20F to FY22,” AmInvestment Bank analyst Nafisah Azmi said in a report dated Dec 19, 2019.

Posted by Victor Yong > 2020-01-14 09:36 | Report Abuse

52 Weeks Range: 0.93 - 1.49
Average Price Target: 1.45
Price Target Upside/Downside: +0.515

Posted by Victor Yong > 2020-01-14 09:46 | Report Abuse

LIST OF THIRTY (30) LARGEST SHAREHOLDERS AS AT 31 JANUARY 2019
No. Shareholder
Shareholding
No. % (continued)


11 Dang Tai Gean 9,178,000 1.35
12 CIMB Bank for D&D Consolidated Sdn Bhd (M2681A)
9,000,000 1.32
13 CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank for D&D Consolidated Sdn Bhd (M2682A)
9,000,000 1.32
14 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Aberdeen)
8,545,300 1.25
15 Maybank Nominees (Tempatan) Sdn Bhd
Affin Hwang Asset Management Berhad for Hong Leong Assurance Berhad
(PAR-220082)
7,250,000 1.06
16 Maybank Nominee (Tempatan) Sdn Bhd
National Trust Fund (IFM Kenanga)
5,265,900 0.77
17 HSBC Nominees (Asing) Sdn Bhd
HSBC-FS I for JPMorgan Eastern Smaller Companies Fund
4,542,600 0.67
18 HSBC Nominees (Asing) Sdn Bhd
PICTET and CIE (Europe) for Quaero Capital Funds (LUX)-Bamboo
4,280,000 0.63
19 HSBC Nominees (Asing) Sdn Bhd
HSBC-FS I for JPMorgan Malaysia Fund
3,902,000 0.57
20 HSBC Nominees (Asing) Sdn Bhd
TNTC For Strathclyde Pension Fund
3,773,000 0.55
21 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB Prin)
3,754,600 0.55
22 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan)(Affin Hwang SM CF)
3,734,100 0.55
23 Liew Heng Heng 3,477,300 0.51
24 Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Kenanga)
3,408,200 0.50
25 Maybank Nominees (Tempatan) Sdn Bhd
MTrustee Berhad for Tenaga Nasional Berhad Retirement Benefit Trust Fund
(FM-Aberdeen) (419500)
3,260,000 0.48
26 CIMB Group Nominees (Tempatan) Sdn Bhd
Exempt An for Petroliam Nasional Berhad (Affin)
2,812,200 0.41
27 DB (Malaysia) Nominee (Asing) Sdn Bhd
The Bank of New York Mellon for GreatLink Asean Growth Fund
2,610,400 0.38
28 DB (Malaysia) Nominee (Tempatan) Sendirian Berhad
Affin Hwang Asset Management Berhad for Malaysian Timber Council
(Operating Fund)
2,404,600 0.35
29 Maybank Nominees (Tempatan) Sdn Bhd
Medical Fund (IFM AffinHwang)
2,354,200 0.35
30 HSBC Nominees (Asing) Sdn Bhd
BBH and CO Boston for Grandeur Peak Emerging Markets Opportunities Fund
2,292,100 0.34

Posted by DickyMe > 2020-01-14 10:00 |

Post removed.Why?

Posted by Victor Yong > 2020-01-14 10:16 | Report Abuse

:)

steadily recovering after the announcement of minimum wage of rm1200 effective 1 Feb yesterday. knee-jerk reaction :)

Posted by investmalysia > 2020-01-14 10:27 | Report Abuse

It’s coming back to 1.20

Posted by Victor Yong > 2020-01-14 10:45 | Report Abuse

MYNEWS Financial Information
Market Capital (RM) 644.64m
Number of Share 682.15m
EPS (cent)* 3.93
P/E Ratio 24.05
ROE (%) 8.93
Dividend (cent)^ 1.000
Dividend Yield (%) 1.06
Dividend Policy (%) 0
NTA (RM) 0.440

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2019-10-31.


SEM Financial Information (7-11)
Market Capital (RM) 1.727b
Number of Share 1.233b
EPS (cent)* 4.48
P/E Ratio 31.25
ROE (%) 56.71
Dividend (cent)^ 2.400
Dividend Yield (%) 1.71
Dividend Policy (%) 0
NTA (RM) 0.079

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-12-31.

Posted by Victor Yong > 2020-01-14 10:47 | Report Abuse

MYNEWS Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
10 Jan 2020 Acquired
105,000 Mr Ding Lien Bing
06 Jan 2020 Acquired
100,000 Mr Ding Lien Bing
23 Dec 2019 Acquired
300,000 Employees Provident Fund Board
20 Dec 2019 Acquired
300,000 Employees Provident Fund Board
17 Dec 2019 Acquired
178,500 Employees Provident Fund Board
06 Nov 2019 Acquired
776,800 Mr Dang Tai Wen
06 Nov 2019 Acquired
776,800 Mr Dang Tai Luk
06 Nov 2019 Acquired
776,800 Mr Dang Tai Hock
16 Oct 2019 Acquired
1,000,000 Mr Dang Tai Wen
16 Oct 2019 Acquired
1,000,000 Mr Dang Tai Hock

Posted by Victor Yong > 2020-01-14 10:51 | Report Abuse

Stronger quarter ahead for Mynews, CGS-CIMB Research says
ANALYST REPORTS
Friday, 20 Dec 2019 9:01 AM MYT

CGS-CIMB Research said Mynews 4QFY10/19 revenue rose to RM139.8m (+6.2% qoq), thanks to more new store openings and higher sales of its in-house ready-to-eat (RTE) products.

Posted by Victor Yong > 2020-01-14 11:37 | Report Abuse

Since mynews is a Malaysian brand unlike 7-11 which is American, government should support those who wanted to do franchise to choose mynews instead. No royalty payment outflow to USA

Posted by Victor Yong > 2020-01-14 11:39 | Report Abuse

Good potential to expand mynews franchise biz in Perlis, Kedah, kelantan , pahang and Trengganu which are still backward/mundur

Posted by Victor Yong > 2020-01-14 11:45 | Report Abuse

Promote mynews for franchise instead of 7-11, tak payah bayar royalty kepada Amerika :)

Posted by Victor Yong > 2020-01-14 12:03 | Report Abuse

Buy at MYNEWS to support Malaysian economy unlike 7-11 which is American and family mart which is Japanese. No royalty outflow to USA and japan

Posted by Victor Yong > 2020-01-14 12:22 | Report Abuse

direct biz transactions in 2019 , good prices too :)

History
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 > 2020-01-14 13:09 | Report Abuse

impressive, buy rate 85%, 67 transactions :)

Posted by Victor Yong > 2020-01-14 14:44 | Report Abuse

A lot of long term institutional investors, retailers Yang mau lari sudah lari semalam :)

Posted by Victor Yong > 2020-01-14 15:17 | Report Abuse

The price was pressed down till yesterday but today released an article in the edge Pula :)

https://www.theedgemarkets.com/article/mynews-expected-focus-growing-customer-reach-rte-segment

Posted by investmalysia > 2020-01-14 16:02 | Report Abuse

That’s why you heard many uncle and aunties losing their money in share market. No holding power and simply cut lost.

Posted by wakarimas > 2020-01-14 16:27 | Report Abuse

the price drop from 1.44 to 0.94. Already 50cent discount, which is around 1/3 already, what else waiting for ? ahhaha , sapu lah

Posted by investmalysia > 2020-01-14 16:29 | Report Abuse

Yes. I’ve sapu 500k worth of shares these few days. This going to give me big angpao soon

Posted by Victor Yong > 2020-01-14 17:14 | Report Abuse

consider good performance today. overall market was in red. mynews has risen 1sen, closed at 94.5sen.

if overall market is green tomorrow, stronger rebound :)

Posted by Sky Soo > 2020-01-15 09:35 | Report Abuse

Ist buy at .80, 2 nd buy at .70 and last big buy would be at .60.

Posted by investmalysia > 2020-01-15 12:37 | Report Abuse

Grab the chance now instead of day dreaming

Posted by Sky Soo > 2020-01-16 15:26 | Report Abuse

Every day drop a bit. Soon .90 is almost reachable. If the market going to clash, we might even see .70 also. Gestation period can last as long as 2-3 years. Any rebound is limited.

Posted by Sky Soo > 2020-01-16 17:28 | Report Abuse

now the first support is .90 and then .80

Posted by wakarimas > 2020-01-16 17:53 | Report Abuse

all investment bank keep giving high target price,but the share price keep dropping like hell........ what oh????

Posted by AlexChong196 > 2020-01-16 22:32 | Report Abuse

https://klse.i3investor.com/blogs/alexchong196/259803.jsp
MYNEWS - Strong Growth ahead in FY20-FY22 ( Stock of the Year ) - The Investment Journey with AlexChong | I3investor

Posted by DickyMe > 2020-01-16 22:41 |

Post removed.Why?

Posted by Multibagger > 2020-01-17 03:16 | Report Abuse

I think top line growth will still be strong but bottom line depend on the success of its RTE products.
Top 30 shareholders control 90% and most of them need not announce change in shareholdings as its below the 5% threshold. If the recent selldown not by one or few of the fund, who else has so much shares to sell? Not forgetting most of them came in since IPO, meaning their cost is only 55 sen. I believe the selldown is due to expectation of slower or negative growth in bottom line after the not so encouraging results in last 2 quarters.
Worth keeping eye on this stock but may be too early to enter now...my 2 cents.

Posted by EngCCCC > 2020-01-17 09:50 | Report Abuse

Is mynews continue train to Batam?

Posted by DickyMe > 2020-01-17 10:30 |

Post removed.Why?

Posted by DickyMe > 2020-01-17 10:37 | Report Abuse

"investmalysia Yes. I’ve sapu 500k worth of shares these few days. This going to give me big angpao soon
14/01/2020 4:29 PM"

RIP !!

Posted by Sky Soo > 2020-01-17 10:41 | Report Abuse

Dick Good for your 500K sapu. I will wait for 70 sen before any further entry.

Posted by DickyMe > 2020-01-17 11:56 | Report Abuse

LOL..it is not me who sapu. Please read carefully.

Posted by Choivo Capital > 2020-01-17 11:56 | Report Abuse

I've been looking at this for more than a year. The price is almost there.

One or two more q of increased losses from RTE its only at 30% capacity and losing 7m, Haha. 60% may lose more than 10m.

The direction and management of the company is right, however, it depends very strongly on how good are they at optimizing the RTE.

70 sen would be an interesting price.

Posted by Sky Soo > 2020-01-17 12:24 | Report Abuse

Can slowly start buying at 80 sen, all the way down to 70 sen.