Good123

tolong pergi baca p/b value, NTA, quarterly sales growth dll... usah hanya baca komenku ya. Bye!

2024-03-29 11:24

Good123

Wow, 2 quaters untung berterusan. Safe tak akan gulung hehe

Profit before taxation for the current quarter was RM3.19 million as compared to RM2.40 million in the
immediately preceding quarter.
Earnings before interest, tax, depreciation (inclusive the depreciation of right-of-use assets) and
amortisation (EBITDA) increased by 2.0% to RM26.59 million from RM26.06 million.

2024-03-29 12:46

Good123

Bagus...

PROSPECTS
Currently, the group is operating a total of 619 outlets, made up of 468 myNEWS (including 34
SUPERVALUE), 132 CU and 19 WHSmith outlets. The number of new stores will increase at a faster rate
in FY2024. Therefore, we expect the sales revenue to grow in parallel with the growing store network
and ongoing efforts in increasing the in-store sales. Consequently, we expect the capacity of the FPC to
continue to increase, driven by the increasing sales at the retail front.
After going through the pandemic, Mynews is stronger, more versatile and dynamic. It looks towards
strategically expanding its five retail brands, namely, myNEWS, Korea's CU, the U.K.'s WHSmith,
SUPERVALUE minimart and MARU Coffee at a faster rate. Meanwhile, the internal talent and core
infrastructure made up of IT systems, FPC, distribution centres and logistics are continually enhanced to
support the growing businesses.
Mynews has turned profitable since the fourth quarter of FY2023. Barring any unusual seasonal changes
and unforeseen circumstances, Mynews is confident that the worst is over and expects that its
performance will continue to improve.

2024-03-29 12:48

Good123

Cash equivalents~ rm43mil, retained earnings rm32mil... dividend terjamin hehe

2024-03-29 12:49

Good123

KUALA LUMPUR: The outlook for MyNews Holdings Bhd appears promising, according to RHB Research.

The change in strategy to consolidate the management teams of MyNews and CU stores has led to promising sales and margin improvement, the firm added.

"Moving ahead, the robust expansion of the MyNews brand, coupled with the reduction of losses at CU and anticipated breakeven of the food processing centre (FPC) are poised to sustain the group's turnaround," it said in a note.

RHB Research added that MyNews had achieved RM24 million-RM29 million profit pre-pandemic, but the introduction of CU in 2021 resulted in continuous losses throughout its gestation period.

Over the three years, the convenience store operator had learned from its mistakes and adapted a new strategy.

It consolidated the management teams of CU and MyNews to leverage the latter's local expertise in running an international brand.

"This resulted in GPM improvement given the more synergistic benefits and cost savings due larger combined scale, while also contributing to stronger sales through better product assortment.

"We highlight CU's closest peer, FamilyMart, took three years to breakeven.

"With the financial year 2024 (FY24) marking the third year since CU's introduction, excluding the pandemic year, it is poised to break even," it noted.

RHB Research expects profit to return to pre-pandemic levels in FY25 for MyNews, with CU breaking even by the end of 2024.

The firm kept a "Buy" call on the company with a target price of 68 sen.

RHB Research said MyNews has been continuously gaining market share, with sales growing despite the overall decline in the convenience store sector, as cited by Nielsen.

This is attributed to its continuous fine tuning of product offerings and the introduction of more quality fresh food items after securing sufficient labour for FPC, which has led to better consumer traction.

"Management guided to aggressively expand this profitable brand to further offset narrowing losses from other business units given its track record of resilient performance.

"We believe this will be further aided by a new shareholder providing valuable insight and suggestions to the business.

"Mynews also plans to introduce new Maru Coffee Café, leveraging on the popularity of its coffee and fresh food products," it noted.

RHB Research also highlighted that FPC's losses narrowed to RM0.2 million in the first quarter (1Q) of FY24, smallest losses since its establishment in 2019.

This was due to stabilised input costs, and management being able to negotiate better terms with suppliers due to stronger sales volume.

"We anticipate FPC utilisation will continue to ramp up in line with store expansion and higher in-store sales.

"On the other hand, WH Smith's earnings are currently at approximately 70 per cent of pre-pandemic level as it was impacted by some airport renovation, but we expect it to recover post renovation and increasing tourist arrivals," it noted.

Moving forward, the firm said key risks for MyNews include delays in CU's turnaround and weaker-than-expected consumer sentiment.

2024-03-29 12:58

Good123

Maybank Investment Bank (Maybank IB) Research has maintained a “buy” call with an unchanged TP of 62 sen for MyNews.

“With its CU stores and food processing centre reaching break-even levels, positive group earnings growth will become more sustainable, while growing average sales per store also signals an improved consumer appeal towards Mynews stores,” it said.

2024-03-29 13:05

Good123

On steadier footing in FY24E
We are encouraged that sales for both Mynews and CU stores have improved, alongside narrowing losses for the group’s FPC and CU operations. With this, MNHB can fully focus on growing its group-wide fresh food sales contribution to lift group margins in a sustainable manner. Our earnings estimates are unchanged. Maintain BUY with an unchanged TP of MYR0.62, based on 1.7x FY24E PBV

2024-03-29 14:00

Good123

Nice

https://www.mynews.com.my/

2024-03-29 14:10

Good123

FYE Oct (MYR m) FY22A FY23A FY24E FY25E FY26E
Revenue 631 730 795 902 1,014
EBITDA 56 82 80 72 55
Core net profit (20) (11) 5 8 12
Core EPS (sen) (2.9) (1.7) 0.7 1.2 1.8
Core EPS growth (%) nm nm nm 65.8 56.5

2024-03-29 14:47

Good123

According to Nielsen, Mynews has been continuously gaining market share, with sales growing despite the overall decline in the convenience store sector.

2024-03-29 17:25

Good123

UP 1/2 sen today... it should rise in stages till Q4 at year-end. buy n hold.

2024-03-29 21:20

Good123

quarterly results should continue to rise , and the share price will rise in tandem with it. cheers

2024-03-29 21:21

Good123

Expected to rise in stage.

2024-04-01 08:57

goldmanbull

A counter that has been overlooked by market for too long already....

2024-04-01 16:30

Good123

Super cheap compared to 7-11.

@goldmanbull

A counter that has been overlooked by market for too long already....

16 hours ago

2024-04-02 08:37

Good123

Strongly believe it would rebound in stage. The worse is over. Now on the profitable path again, on the way up again

2024-04-02 08:38

newbietrader9

looking good now

2024-04-04 14:32

hw0706

Margin very thin....Sarawak and Sabah no hope. also too many local convience store which mainly for online ?????gamb...

2024-04-13 22:31

Gabriel Khoo

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/mynews-profitable-growth-first-second-quarter-earnings

2024-04-16 18:22

goldmanbull

Too undervalued. Matter of time before Mynews roar back like its old name Bison Consolidated...

2024-04-24 16:30

goldmanbull

Limited downside. HUGE upside. This is how i view this stock now.

2024-04-24 16:31

goldmanbull

Still sleeping. Just keep. For sure this stock can double!

2024-05-01 23:43

Hafid

mynews biggest drag is the CU store. The store open have lack of trafice and do not know how long will drag on.

2024-05-22 11:46

goldmanbull

Hafid, you invested in Mynews? You are absolutely right about CU being a drag to Mynews. But let me ask you a question, if CU was doing well, do you think you can buy Mynews at this price? I think it will be RM1 easily. Hence, if you buy at RM1 you will make some money but not much.

2024-05-23 11:49

Stock4Real

family mart > CU

2024-05-23 15:01

goldmanbull

I will have lifetime cvs food very soon hahhahaha

2024-05-29 00:27

goldmanbull

RM1 TP is not a dream! Let's go!

2024-05-29 00:27

Uniglobe

Min wages to increase to 2,000
Electricity costs to increase
Petrol and diesel subsidies going to reduce or remove to increase logistical costs.
Operation costs going to increase due to ESG rubbish
Administration and taxation costs going to increase due to E-invoices
Competition from China competitors entering Malaysia market.

2024-06-01 12:56

MULTIEVER

@Uniglobe
where you got this news about min wage increase to 2k?

2024-06-01 16:45

Lee88Lee

After few month.. mynews doing well, share price also doing well.
Slap face to Those look down on mynews.
Wakakaka

2024-06-16 13:49

Stock4Real

syiok sendiri lah minimum wages 2k

2024-06-20 15:24

Lee88Lee

Hahaha. Sure need to syiok sendiri… so what min wage? First time meh..
All company have to deal with it.

2024-06-21 18:48

zzprozaz

Post removed.Why?

2024-07-10 08:24

NatsukoMishima

Cut vege ! Back to 40 sens !

2024-07-29 12:47

gorengkitty

lol

2024-07-29 12:58

NatsukoMishima

30sens fair value

2024-07-29 13:11

kimpeng

8% profit in few hours, thanks

2024-07-29 19:07

small fly

What happen actually , sudden drop ?

2024-07-30 08:58

zodiac

^ close down some shops, planning to open more at the east coast and collab with Korean brand CU, something like that. Not really a bad news to me.

2024-07-30 15:12

hw0706

close the cu and increase the wsmith outlet and my news.

2024-07-31 15:15

Gabriel Khoo

Strong ringgit

2024-08-02 22:06

Stock4Real

good news coming

2024-08-12 16:07

ripcudin78

MYNEWS very ong recently

2 months ago

mf

Time
US 30
42,186.8 42,191.3 42,092.1 -21.4 -0.05%
04:43:29
US 500
5,724.1 5,736.9 5,717.1 -8.8 -0.15%
04:41:04
US Tech 100
19,870.5 19,967.9 19,844.4 -76.4 -0.38%
04:43:29

2 months ago

UnicornP

Could be due to more tourists.

2 months ago

UnicornP

Worth 75c as of now.

1 month ago

DickyMe

Sampah tetap sampah

1 week ago

mf

Biden’s green light for Ukraine to use ATACMS in Russia just raised the stakes in a war Trump will inherit

1 week ago

Stock4Real

Slow counter but overall ok

4 days ago

UnicornP

Worth to bet for next quarter?

2 days ago