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Mynews

PostPosted: Mon Dec 17, 2018 9:40 am
by winston
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

Re: Mynews

PostPosted: Fri Mar 31, 2023 12:14 pm
by winston
not vested

MyNews falls 18% after 1Q results came in below expectations

by Syafiqah Salim

MyNews posted a net loss of RM3.21 million for 1QFY2023, compared to a net profit of RM1.3 million for 4QFY2022, due to the discontinuation of the government’s hiring incentive programme, the unavailability of fair value gains on investment properties, higher administrative expenses, and an increase in financing costs.

It is worth noting that the group made a profit in 4QFY2022, after being in the red for 10 consecutive quarters.

Revenue increased slightly to RM184.09 million for 1QFY2023, from RM180.6 million for the immediate preceding quarter, due to new outlets, longer opening hours and an improvement in overall shop sales, following the lifting of Covid-19 restrictions.


Source: theedgemarkets.com

https://www.theedgemarkets.com/node/661581

Re: Mynews

PostPosted: Mon Apr 03, 2023 9:29 am
by winston
not vested

MyNews Holdings (MNHB MK)
Uneven Path To Recovery


We come away downbeat from MyNews’ briefing, and have decided to trim earnings
further as issues related to labour are clouding our visibility on earnings.

However, MyNews has room to manoeuvre by potentially raising its ASPs closer to its peers.

Looking beyond near-term volatility in earnings, we believe MyNews’ earnings will
rebound soon, which is a catalyst for MyNews.

Maintain BUY but with a lower target price of RM0.62 (from RM0.67).

Source: UOBKH

https://research.uobkayhian.com/content ... 83cd379808

Re: Mynews

PostPosted: Mon Apr 03, 2023 10:15 am
by winston
not vested

Staying the course

Mynews’s 1QFY10/23 core net loss narrowed to RM3.1m vs. RM7.2m loss in 1QFY22 but still fell short of our and Bloomberg consensus expectations.

The earnings miss was due to higher-than-expected operating costs arising from its CU expansion and FPC operations (higher input and utilities costs).

Maintain Add with a lower TP of RM0.66 (33.7x CY24F P/E, 5-year mean).

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 37FA105A6B