Posted by icecool > 2020-11-06 12:20 | Report Abuse

wow

Posted by pang72 > 2020-11-06 12:34 | Report Abuse

I need to reexam my investment strategy..

IB said no good then I will buy more!

Posted by Sslee > 2020-11-06 12:40 | Report Abuse

Posted by 118168 > Nov 6, 2020 12:17 PM | Report Abuse

self denial is NOT A GOOD virtue!!

What is self-denial?

Self-denial (related but different from self-abnegation[1] or self-sacrifice) is an act of letting go of the self as with altruistic abstinence – the willingness to forgo personal pleasures or undergo personal trials in the pursuit of the increased good of another.[2] Various religions and cultures take differing views of self-denial, some considering it a positive trait and others considering it a negative one. According to some Protestants, self-denial is considered a superhuman virtue only obtainable through Jesus.

Posted by DickyMe > 2020-11-06 12:58 |

Post removed.Why?

Posted by Philip ( buy what you understand) > 2020-11-06 13:00 | Report Abuse

sslee you are still welcome at any time to join the telegram group discussion. You can see how we actually calculate and put money in proper valuation methods, not the nonsense that born trolls like i3lurker like to spit out. He talks so much nonsense is because he has no idea whatsover what is a good stock.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-11-06 13:01 | Report Abuse

take note:- when many many many people or ID call sale if stock not fall much is a buy and hold. If many many many Call BUY is a sale. Those follow buy and chase are always trap.

Posted by speakup > 2020-11-06 13:12 | Report Abuse

https://focusmalaysia.my/markets/when-sky-is-the-limit-for-mr-diy/

73sen dividend! BUY!

Posted by Sslee > 2020-11-06 13:13 | Report Abuse

Dear Philip,
Your invitation noted with thanks.
By the way do not take i3lurker seriously I just like to joke with him as work from home is very boring when you are alone.

Posted by speakup > 2020-11-06 13:19 | Report Abuse

1.80+0.73 = 2.53!
today will close 2.53 after they announced 73sen dividend!

Posted by speakup > 2020-11-06 13:20 | Report Abuse

dividend yield is 40%!!!!!!
better than maybank, tenaga, F&N, Dutch Lady, Nestle!
this is a future BLUE CHIP!

after lunch.........REBUUUUUUTTTTTTTTTTTTT!!!!!!!!!!!!!!

Posted by Seeyounoup > 2020-11-06 13:21 | Report Abuse

target 2.48

Posted by Sslee > 2020-11-06 13:38 | Report Abuse

Cannot believe Focus Malaysia make error in reporting dividend of 0.73 cents as 73 cents.

Posted by Rajuan_Singh > 2020-11-06 13:38 | Report Abuse

Lockdown and diy will benefit them.......cost of items directly pass back to consumer vs Daisho's model of averaging cost.

Posted by Sslee > 2020-11-06 13:39 | Report Abuse

LOFTY valuation as reflected in its initial public offering price of RM1.60 is fast forgotten as Mr DIY Group (M) Bhd surprised its loyal – or rather brave-hearted – investors with a towering reward of 73 sen interim dividend.

This is after the home improvement retailer posted a 54% jump in net profit to RM113.45 mil for its 3Q FY2020 ended Sept 30,2020 from RM73.62 mil a year ago on the back of higher sales.

Posted by Sslee > 2020-11-06 13:46 | Report Abuse

Stock [MRDIY]: MR D.I.Y. GROUP (M) BERHAD
Announcement Date 05-Nov-2020
Financial Year 31-Dec-2020
Subject Interim Dividend
Type Dividend - Normal or Special
Description Interim Single Tier Dividend of RM0.0073 per share in respect of the financial year ending 31 December 2020
Amount RM 0.0073
Ex Date 30-Nov-2020
Entitlement Date 01-Dec-2020
Payment Date 18-Dec-2020

Posted by Seeyounoup > 2020-11-06 13:53 | Report Abuse

LOFTY valuation as reflected in its initial public offering price of RM1.60 is fast forgotten as Mr DIY Group (M) Bhd surprised its loyal – or rather brave-hearted – investors with a towering reward of 73 sen interim dividend.

This is after the home improvement retailer posted a 54% jump in net profit to RM113.45 mil for its 3Q FY2020 ended Sept 30,2020 from RM73.62 mil a year ago on the back of higher sales.

For the quarter under review, the company recorded a 32% surge in revenue to RM740.2 mil from RM561.72 mil in the corresponding quarter last year.

Moving forward, UOB Kay Hian’s foresees that Mr DIY’s sturdy revenue growth will be underpinned by its store expansion.

“Based on our net additions assumption of 127/170/170 stores over 2020/2021/2022, average store count could grow by 20-28% over our forecasted period,” wrote analyst Philip Wong in a results review.

“Mr DIY’s store expansion includes other distinct store formats (ie Mr Dollar and Mr Toy), accounting for 43% of its store expansion.”

All-in, UOB Kay Hian Research maintained a “buy” rating on Mr DIY with a target price of RM2.20 based on 31 times its FY2021F price-to-earnings ratio (PE).

“Its regional ASEAN peers are trading at an average of 26.6x FY2021F PE, but we opine that Mr DIY well deserves a 15% premium to its peers,” reckoned the research house.

This is due to the company’s (i) significantly superior four-year earnings compound annual growth rate (FY2017-FY2021F) outlook of 20.6% which is more than double its peers’ average of 8.1%; (ii) its established track record and it being the largest home improvement retailer in Malaysia; and (iii) home improvement spending in Malaysia is among the highest in the ASEAN region.

If this is too low, UOB Kay Hian Research said its “blue-sky valuations” suggest a target price of RM2.50.

“This is premised on Mr DIY trading at a premium of 25% at 35.3 times FY2021F to its regional peers,” projected Wong.

Consistent execution for a large-cap consumer company has seen the likes of Nestle (M) Bhd and QL Resources Bhd commanding lofty valuations at 52.7 times and 49.5 times respectively, according to the research house.

“Therefore, a rerating on Mr DIY’s valuations going forward would not be too far-fetched,” suggested Wong.

“Additionally, expansion of its new store format, Mr Dollar could prove an additional leg of growth.”

The key downside risks are extended movement control order-like conditions, weakening of the ringgit against the renminbi, and trade restrictions by China.

At 12.30pm, Mr DIY was up up 17 sen or 9.04% at RM2.05 with 41.95 million shares traded, thus valuing the company at RM12.5 bil. – Nov 6, 2020

Posted by Sslee > 2020-11-06 13:57 | Report Abuse

Haha i3lurker no worries you already finish dumping and must find way to collect cheap cheap again.
And next quarter a final dividend of RM 0.0001 will be report as RM 1.00 final dividend for you to dump again.

Posted by Seeyounoup > 2020-11-06 14:00 | Report Abuse

If this is too low, UOB Kay Hian Research said its “blue-sky valuations” suggest a target price of RM2.50.

Posted by Sslee > 2020-11-06 14:05 | Report Abuse

I3lurker know what is blue-sky valuations?

Posted by speakup > 2020-11-06 14:12 | Report Abuse

https://focusmalaysia.my/markets/when-sky-is-the-limit-for-mr-diy/

73sen dividend coming!
BUY NOW!

Posted by DickyMe > 2020-11-06 14:13 |

Post removed.Why?

Posted by Snowpiercer > 2020-11-06 14:20 | Report Abuse

Wonder why no commentary on same store sales growth for Q3.

Posted by speakup > 2020-11-06 14:27 | Report Abuse

3 more minit to grab Mr DIY for fat 73sen dividend!

Posted by Seeyounoup > 2020-11-06 14:27 | Report Abuse

3QFY20 net profit rose 54.1% YoY to RM113.4m on higher monthly average sales per store and lower operating expenses. Revenue for the quarter gained 31.7% YoY to RM740.0m. (The Star)

Posted by Surewind > 2020-11-06 14:30 | Report Abuse

speakup 3 more minit to grab Mr DIY for fat 73sen dividend!

Its 0.0073, that is 0.73sens not even 1 sen.

Posted by Tokay111 > 2020-11-06 14:30 | Report Abuse

Not 0.73 cent?

Posted by speakup > 2020-11-06 14:41 | Report Abuse

wah buying opportunity come
73sen dividend is very attractive

Posted by speakup > 2020-11-06 14:42 | Report Abuse

https://focusmalaysia.my/markets/when-sky-is-the-limit-for-mr-diy/

Posted by speakup > 2020-11-06 14:42 | Report Abuse

buy @ rm2
get 73sen dividend
means cost only rm1.27!

Posted by icecool > 2020-11-06 14:44 | Report Abuse

RM 0.0073 not RM 0.73

Posted by Seeyounoup > 2020-11-06 14:51 | Report Abuse

lol...speakup you still dont understand..

Posted by speakup > 2020-11-06 14:53 | Report Abuse

every uncle aunty pakcik makcik buying mrdiy cos 73sen dividend

Posted by Rajuan_Singh > 2020-11-06 15:01 | Report Abuse

PWC expecting budget worth 330Bil.

Posted by BATFLY > 2020-11-06 15:09 | Report Abuse

73 cents and 0.73 cents.. World of different.. If 73 cents.. Yield will be 36% which is ridiculous.. Ha Ha..

Posted by dusti > 2020-11-06 15:28 | Report Abuse

I3lurker 18 wheeler waiting to take you this weekend

Posted by khanchoon > 2020-11-06 15:39 | Report Abuse

lower operating cost in quarter 2 may due to waive of rental due to MCO

Posted by King7 > 2020-11-06 15:40 |

Post removed.Why?

Posted by Sslee > 2020-11-06 16:11 | Report Abuse

Dear all,
Just received this reply from Focus Malaysia:

Hi Mr Lee,

Thousand apologies for my unintended mistake.
I’m pulling down the article.
Thanks for pointing out my mistakes.

Best regards,
CHEAH

Posted by pang72 > 2020-11-06 16:22 | Report Abuse

Wow....

Sell all my other stock to buy Mr DIY.. since nobody interested!!

Posted by speakup > 2020-11-06 16:22 | Report Abuse

fark lah
now no more 73sen dividend

Posted by speakup > 2020-11-06 16:22 | Report Abuse

sell!

Posted by speakup > 2020-11-06 16:23 | Report Abuse

no 73sen dividend
DOWNGRADE TO SELL!
DOWNGRADE TO UNDERPERFORM!

Posted by pang72 > 2020-11-06 16:24 | Report Abuse

Eveeyone will make me rich after buying grocery in Mr DIY...

Thank you i3 members

Posted by pang72 > 2020-11-06 16:25 | Report Abuse

Mr DIY will be my biggest portfolio today!!

Posted by pang72 > 2020-11-06 16:26 | Report Abuse

Nobody want, I like this type of stock..
Sifu said undervalue stock always no one interested..

It is true!

Posted by pang72 > 2020-11-06 16:26 | Report Abuse

When everyone write article then it is overvalue like GLOVE STOCK!

Posted by DickyMe > 2020-11-06 16:43 |

Post removed.Why?

Posted by pang72 > 2020-11-06 16:48 |

Post removed.Why?

Posted by pang72 > 2020-11-06 16:50 | Report Abuse

Uncle said 90% people losing money in stock market.. This is the exact case.

No one buy or introduce Mr DIY then it will fly..

You think IB sohai... Meh..

Purposely one la...

After they had collected enough like glove stock...
All good news from all angle out.... Mr DIY selling glove in the store can goreng also limit up later!!

Posted by Sslee > 2020-11-06 16:57 | Report Abuse

i3lurker,
Any good news from the budget?