Mynews

Mynews

Postby winston » Mon Dec 17, 2018 9:40 am

not vested

Waiting the next catalyst

Maintain HOLD

4QFY10/18 results came in within expectations.

Mynews opened 80 new stores in FY18, slightly short of Mynews’ internal target of 90 (total store count: 436).

As we expect a higher operating cost environment in the near-term, we lower our FY19/FY20 earnings forecast by 9%/6%.

Elsewhere, we expect its RTE food production facility to now be completed by end-1HCY19 (vs. end-1QCY19). Maintain HOLD with a lower TP of MYR1.33 (based on 27.6x CY19 PER; peer average).

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/1 ... 60d14a.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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