Seven Eleven Malaysia

Seven Eleven Malaysia

Postby winston » Sun Jun 22, 2014 9:20 pm

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7-Eleven Malaysia Opens 1,600th Store In The Country

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd's subsidiary 7-Eleven Malaysia Sdn Bhd has launched its 1,600th store in Malaysia in Sri Hartamas.

This store showcases the new 7-Eleven convenience store format, which is being rolled out across Malaysia via a programme of store refurbishments and new stores.

7-Eleven Malaysia deputy CEO Gary Brown said the new format of its stores presents a different look and feel to other convenience stores in Malaysia with a strong emphasis on innovative fresh food and beverage.

The new concept for 7-Eleven convenience stores is to encourage customers to see 7-Eleven as a lifestyle concept, where they can enjoy the range of products on offer by spending time at the store, similar to a neighbourhood café.

"With our seating areas which provide free wifi internet and our serving of fresh food and beverage, we think our new stores will be a place for people to congregate and enjoy their time," he said.

7-Eleven Malaysia, which is the largest stand-alone convenience store-chain nationwide, plans to increase its number of new stores by 600 over the next three years from 2014 to 2016.

Source: Sun Daily

http://www.thesundaily.my/news/1086577
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Re: Seven Eleven Malaysia

Postby winston » Mon Jun 30, 2014 8:09 pm

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CIMB Research initiates coverage on 7-Eleven Malaysia
Jun 27, 2014

KUALA LUMPUR: CIMB Equities Research has started coverage on 7-Eleven Malaysia (7-Eleven), with a Hold call with a target price of RM1.85, which is an upside of 5.3% over its last traded price of RM1.76.

It said on Thursday its target price was based on 26.2 times CY15 price-to-earnings (P/E), at 20% premium over its peers average due to its stronger earnings growth and returns on equity and the surprisingly strong demand for the stock since listing.

"Our channel checks revealed that there could be 30,000 to 40,000 traditional convenience store which 7-Eleven could displace in Malaysia. This would provide further growth if 7-Eleven resumes its franchising programme," it said.

To recap, 7-Eleven is the country's largest convenience store operator, with 82% market share of the standalone convenience store segment and 38% market share of the overall convenience store segment. The master franchise rights granted by 7-Eleven USA gives 7-Eleven the right to operate and sub-franchise the 7-Eleven business in Malaysia and Brunei.

"As at April 10, 2014, the company had 1,583 stores in Malaysia. It plans to add 600 stores in FY14-16. Apart from the support that it receives from 7-Eleven USA, the company has a strong alliance with the Berjaya Group, which gives it a competitive edge in terms of costing and business opportunities.

"We anticipate that 7-Eleven will achieve three-year net profit CAGR of 29% on the back of 3-4% same store sales growth, driven by new store openings and greater operating efficiency.

A potential 25% jump in commission income would also boost FY14 bottomline," it said.

Source: The Star
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Re: Seven Eleven Malaysia

Postby winston » Tue Oct 28, 2014 10:44 am

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RHB Research initiates coverage on 7-Eleven, Buy call
Tuesday, 28 October 2014

KUALA LUMPUR: RHB Research has initiated coverage on 7-Eleven Malaysia with a Buy call and a target price of RM2 basd on a 28 times FY15F price per earnings (P/E), which is a 17% premium over its regionally-listed peers’ average P/E of 24 times.

In a note on Tuesday, the research house said it is upbeat on 7-Eleven Malaysia’s growth prospects and forecast a three-year earnings CAGR of 29.1% for 2013-2016F, driven by its network store expansion, consistent same-store sales growth (SSSG) and better commission income generated from its in-store services.

"We believe the premium reflects its stronger earnings growth and more exciting prospects compared with its peers.

"We believe that the company’s revenue should improve in tandem with its network expansion plan – which is a net increase of 600 stores over the next three years.

"The company’s store renovation exercise may continue to improve customer experience and drive store traffic. We expect the company’s revenue to expand by a three-year CAGR of 15.4% over 2013-2016F," it said.

It added that it expects the company’s better product mix and higher commission revenue generated from instore services to continue improving its net margin from 3.1% currently.

Source: The Star
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Re: Seven Eleven Malaysia

Postby winston » Sat Nov 22, 2014 6:54 am

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7-Eleven earnings double in Q3

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s earnings surged 109% to RM17.12mil in the third quarter ended Sept 30, 2014 from RM8.19mil a year ago, driven mainly by the sales growth and gross profit margin expansion.

Announcing its strong set of earnings on Friday, the convenience store operator reported other factors were growth in other operating income and lower administrative and other operating expenses.

7-Eleven’s revenue rose to RM487.28mil – an increase of 11.6% from RM436.37mil. Earnings per share were 1.39 sen compared with 0.78 sen.

“The growth in revenue was driven by the growth in new stores, improved merchandise mix and consumer promotion activity.

“Gross profit improved by RM17.9mil or 14.7% compared to the corresponding quarter in the previous year and this was mainly attributed to the revenue growth of 11.7% and gross profit margin expansion of 0.8% points. Other operating income grew by 5.9% compared to the corresponding quarter in the previous year,” it said.

For the nine months, 7-Eleven’s earnings increased 34.2% to RM45.16mil from RM33.63mil. Profit before tax rose 31.6% or RM15.3mil mainly due to sales growth, gross profit margin expansion and growth in other operating income. It was partially offset by the increase in selling, distribution, administrative and other operating expenses in line with store expansion.

Revenue rose 12.9% to RM1.412bil from RM1.250bil driven by the growth in new stores (total stores as at Sept 30, 2014: 1,677 stores) and same store sales growth of 4.5%.

Source: The Star
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Re: Seven Eleven Malaysia

Postby winston » Sat Feb 28, 2015 6:53 am

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7-Eleven Q4 net profit jumps 71% to RM17.9mil

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd's net profit for its fourth quarter ended Dec 31, 2014 rose 71% to RM17.91mil from RM10.47mil a year ago.

In a filing to Bursa Malaysia on Friday, the group said its revenue for the period rose 14% to RM481.12mil from RM422.2mil a year ago.

Earnings per share was higher at 1.45 sen from one sen a year ago.

The group has also declared a 5.1 sen dividend.

For its full year, the group's net profit rose 43% to RM63.07mil from RM44.1mil a year ago while revenue rose 13.2% to RM1.893bil from RM1.672bil.

Commenting on its results, the group said its revenue higher driven by the growth in new stores, improved merchandise mix and consumer promotion activity.

"Gross profit improved by RM25.6mil or 21.5% compared to the corresponding quarter in the previous year and this was mainly attributed to the revenue growth of 14.0% and gross profit margin expansion of 1.9% points. Other operating income grew by 5.1% compared to the corresponding quarter in the previous year," it said.

It added that the selling and distribution expenses for the quarter increased by RM19.6mil or 17.2%, mainly caused by higher staff cost and utilities cost.

Staff cost increased by RM8.9mil or 21.8% and utilities cost increased by RM6.2mil or 32.7%

The group said it expects performance for the next quarter to be satisfactory with the group's principal goals to further strengthen and consolidate its position as the leading convenience store operator in Malaysia as well as improve the group's sales productivity and operating efficiency.

Source: The Star
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Re: Seven Eleven Malaysia

Postby winston » Fri May 27, 2016 7:59 am

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7-Eleven to invest up to RM90m to expand, open 200 stores

KUALA LUMPUR: 7-Eleven Malaysia Sdn Bhd will spend between RM85mil and RM90mil as part of its expansion plan which include the opening of 200 new stores this year.

In 2015, 7-Eleven Malaysia, the owner of the 7-Eleven brand, opened 199 new stores nationwide.

Chief executive officer Gary Brown said on Thursday this continuous expansion effort would see more outlets in the Klang Valley, the east coast, as well as Penang, Johor and Melaka.

"We will continue to invest in new stores and building our network. The investment also included refurbishment of our existing 200 stores this year," he said to reporters after the group's AGM.

He said the company had also set aside major capital expenditure to continue to upgrade its new information technology (IT) system.

"The new IT system project which started in 2014 costing RM66mil is expected for completion by the middle of this year," said Brown.

As at Dec 31, 2015, the group has total cash reserves of RM126mil.

Source: Bernama
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Re: Seven Eleven Malaysia

Postby winston » Sun Aug 13, 2017 5:10 am

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7-Eleven in the spotlight

BY S. PUSPADEVI

Despite not having a single “buy” call by analysts on Bloomberg’s poll, 7-Eleven’s shares have risen by 29.14% at RM1.47 on Aug 3, from July 24’s closing price of RM1.14.

It also saw a significant shareholding change, with the entry of Johor Sultan, who emerged as the second largest shareholder with a 8.4% stake, presumably after acquiring the shares from entities controlled by tycoon Tan Sri Vincent Tan Chee Yioun, the largest shareholder of the company.


With a market share of 80% at present, the single-largest convenience store chain operator in the country has been refurbishing some of its stores and has to-date spruced up about 600 stores in the last three years. It has also opened 200 stores a year over the same period.


As of July 28, BAssets, via its unit Sublime Cartel Sdn Bhd, has a 3.95% stake or 43.9 million shares in 7-Eleven.

And Vincent Tan’s block of shares in BAssets include 39.4% direct and 26.99% indirect interests.


“7-Eleven has been reporting negative same-store sales growth over the past two years, mostly due to the implementation of its Integrated Retail Information System (Iris) since May 2016, which disrupted its retail processes.


UOBKH:

“Our earnings estimates and reduce call remains intact with an unchanged target price of RM1.13 based on 24 times calendar year 2018 PE, which is in line with the regional peer average.

“The group’s financial year 2017 (FY17) and FY18 forecast valuations remain rich at 29 times/26 times in relation to its modest three-year net profit compounded annual growth rate of 8%,”


Source: The Star

http://www.thestar.com.my/business/busi ... 8ijHkgY.99
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Re: Seven Eleven Malaysia

Postby winston » Thu Aug 17, 2017 7:39 am

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Johor Sultan raises further his stake in 7-Eleven

BY M. HAFIDZ MAHPAR

The notices said Sultan Ibrahim acquired 1 million shares last Friday, 983,800 shares on Monday and 938,800 shares on Tuesday.


Source: The Star

http://www.thestar.com.my/business/busi ... yq0t87j.99
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Re: Seven Eleven Malaysia

Postby winston » Mon Dec 03, 2018 8:39 am

9M18: Improving prospects

9M18 net profit was above expectations, at 82% of full-year estimates.

3Q18 net profit rose 27.6% qoq, thanks to:
i) a more profitable product mix
ii) lower depreciation charges and tax rate and
iii) higher other operating gain.

Upgrade to Hold with a higher TP of RM1.34 (24x CY20F P/E).

We raise our FY18-21F EPS by 12.6-13.7%.

Source: CIMB

https://brokingrfs.cimb.com/VjH1aKZMn7I ... zRz4w2.pdf
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Re: Seven Eleven Malaysia

Postby winston » Mon Dec 03, 2018 9:12 am

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7-Eleven Malaysia Holdings(SEM MK)

by Jade Tam

Share Price: MYR1.29
Target Price: MYR1.15
Recommendation: Sell

3Q18: Higher other income

While 3Q18 revenue was in-line, core net profit was above our expectations largely due to lower-than-expected administrative expense.

Upon adjusting for results, and new store opening assumptions, our FY18/FY19 earnings estimates are raised by 6%/4% but we leave FY20 largely unchanged.

Maintain SELL with a slightly higher TP of MYR1.15 (MYR1.12 previously) on unchanged CY19 PER of 27x; about peer avg.

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/1 ... 004df3.pdf
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