speakup@Lee88Lee, that's MyNews for u! Happy for your outcome. If it was a 7-11 consider it gone. MyNews is among the best convenience stores in Malaysia.
Lee88LeeLol. I also 1st time see ppl said he use Elon’s Satellite in Malaysia la. 吹水佬! Without foreigners, many Malaysia’s business can’t operate lo. Mynews in Malaysia more than 20 years la. If want doomed, long long time d la. The revenue keep going up.
14/07/2023 6:13 PM
DickyMeWithout foreigners, Malaysia can still survive. It is rich with resource. Only problem is politicians and many thieves. But that can be overcome slowly. Revenue go up but why negative profit?? Someone stealing or wasting on silly things?
14/07/2023 9:28 PM
Lee88LeeWithout human The earth can leave well too. LOL
why negative? Like I said you didt do homework la. Just talk.
Even negative profit, I already earn handsome double digit profit within one months.
14/07/2023 10:31 PM
Lee88LeeYou talk easy like the politicians. Talk only. Why got foreigners? Sure got demand and supply. Politician just try to do what the market need.
14/07/2023 10:36 PM
DickyMeWith negative profit you earn?? Of course, gamblers can make money either way. They don't care about the company. They bet on price fluctuations.
What demand supply from foreigners you talking about? Don't talk nonsense. Politicians are greedy just like gamblers.
14/07/2023 10:56 PM
DickyMe"Without human The earth can leave well too." =========================== Then, why are you still here, leave the world to make it better. ROFLMAO!!
14/07/2023 10:57 PM
Lee88LeeBecause you are here, so I’m here la. Wakakaka
Business take time, in a growth stage, take time break even . you don’t know go back to cave la. Lol I earn because I buy low la When everyone fear I’m greedy . Wohuhu
BursaVultureJohari was able to turn around companies he bought into. But this mynews appears to be a different beast all together. KFC was a very strong brand by itself, the other like CI Holdings and KUB can get projects from the gov, but mynews is more towards retail, something the gov cannot influence. Unless gov buy stuff from mynews, then again, why buy from mynews when the gov can go straight to the distributor?
I wonder how is Johari going to turn mynews around, this is a retail business depends on walk in customers. Somemore involved food. This will be interesting.
17/07/2023 10:51 PM
hw0706Maybe mynews going to supply food to airline
18/07/2023 5:25 AM
newbie8080I think current situation quite similar with Cypark. Jakel group bought substantial stakes into the company , hoping to turn around the company.
18/07/2023 11:05 AM
Lee88LeePeople here very funny. Johari buy in means he want to turn around mynews. Only 10% share and no executive level. A lot of PP out there, all also because the people who buy in want turn around the company ?
Do some homework la! Mynews itself is making money, CU is making lost. Why? Simple lo! Mynews already in the market more than 3 years, breakeven already, CU only 2 years. Got business sense or not ? You got and open a retail shop instantly want to breakeven ah? So geng then you do la!
19/07/2023 8:41 AM
Lee88LeemyNEWS is profitable since Quarter 3 FY 2022 • WH Smith had been profitable since opening of international borders and lifting of travel restrictions • FPC is gradually increasing its production capacity • CU is still undergoing the gestation process of developing its business, currently is in the loss making position
19/07/2023 11:20 AM
Lee88LeeLol. So mark & spencer doing well? Funny la. Ppl like to use other example to explain why mynews is bad. The fact is, Mynews got business , mark and spencer also can have business.
If like that, then Starbucks got no business, Costa coffee got no business. Lol
Village park nasi lemak is good, doesn’t mean other ppl who sell nasi lemak no busines.
Stupieeed really no medicine to cure.
19/07/2023 9:54 PM
DickyMeWell, all these "brands" are indeed betting on stupiad, foolish people who likes to burn their cash for boosting ego. Their business frenzy lasts only during pay day and other days "sewer flies" are their customers. They think duplicating and franchising is a superb business model. The only one who earns in franchise is the main guy, the rest are fools. Franchise is a monopoly business in disguise. Their main attraction is based on hype and junk foods. Only ediots spend to spoil their health.
20/07/2023 3:37 PM
hunterz86"a retail store that carries a limited selection of basic items, as packaged foods and drugstore items, and is open long hours for the convenience of shoppers." - source Google
Better for everyone to know the definition of convenience store concept rather than jumping to the incorrect conclusion...
20/07/2023 4:13 PM
dollwow wow, political investor, through pp lagi. I thought the boss is someone who stays away from politics? what happened?
20/07/2023 4:25 PM
Lee88LeeYou are foo too. I can use cheaper example to said what you spend is stupi too.
Lol
20/07/2023 8:26 PM
speakupaiyoyo why u all argue about small trivial things. there is money to be made in Casino De Bursa than waste time arguing about small unimportant things.
Lee88LeeWhen all the negative comment about mynews , I’m making money. Happy to spend my money for mynews and CU. wakakakak
19/08/2023 8:22 AM
Balian de Ibelinonce you do a brainwash and refuse to classify comments into positive comments and negative comments you will find life much easier and its very easy to make money.
Its just comments.
19/08/2023 9:48 AM
Lee88LeeYa. I hope to see some useful negative comment. But I didn’t see it. Wakakaka
faridfetMynews Sell Call from Kenanga Investment Bank Price Target: 0.31 cent
28/09/2023 1:20 PM
goldmanbullFaridfet, you really bother about those IB reports? Honestly I can't keep up with their calls. This quarter say sell, next quarter say buy haha
02/10/2023 10:42 AM
goldmanbullYou want to follow Kenanga's young employee call or follow Johari call? Your call haha
02/10/2023 10:44 AM
shibyThe Dang Family already control 53%.Dato Johari only control max 10% thru JAG.The price wont go down in short term due to public spread is small & major shareholder not selling
02/10/2023 12:12 PM
dollPrice wont go up either, lol. Huge changes in boardroom, something is up
02/10/2023 4:44 PM
dollWow wow of all the year of losses, declare dividend? What's the purpose? So funny xD
TerrenceLimHopeless stock... Run by bad management
04/10/2023 7:30 AM
dollHahaha that's right. Perhaps heading for privatisation soon
04/10/2023 5:08 PM
shibygood strategy.paying dividend to encourage investor to hold while rebuiding business.initially i want to sell because it enter at 49cent.now i might hold it longer
06/10/2023 2:25 PM
kimpengbought few months ago at 0.44, nt sure when only can up until 0.88
07/10/2023 1:40 PM
DickyMeWith cost of goods rising, how you expect these stores to survive? Only criminals with ill gotten gains and Ah Longs who suck peoples blood, able to buy from these stores. In short, these stores depend on blood money.
13/10/2023 6:51 PM
BursaKakisMyNews upgraded as analysts turn upbeat on signs of positive turnaround - TP 0.68 by RHB & 0.62 by Maybank https://theedgemalaysia.com/node/694939
hw0706Keep expansion and average per buyer only at rm10.00 how to survive. With so many similar store concept openning. The co need to use some AI or data to really see which product is sellable...in order to reduce the central kitchen loss lower...
05/02/2024 5:51 AM
Gabriel KhooRecovery to pre-Covid-19 profit levels achievable by FY10/26F We see Mynews at an inflection point, with its food processing centre (FPC) currently operating at 70% utilisation, which is close to breakeven. Management also guided that it has managed to reduce food wastage from its FPC to be in line with the industry average. With the focus on expanding its store footprint by another 80-100 stores in FY24F, we expect Mynews’s revenue to grow by 14.5% yoy in FY24F. This is reflective of our overall constructive view on private consumption trends into 2024F, as articulated below. We believe the higher store openings in FY24F compared to FY23 should drive up utilisation of its FPC, gradually lifting gross margins back to 37%, last seen in FY17, and help Mynews return to profitability in FY24F. We expect FY25F and FY26F core net profit to jump 66.9% and 70.8%, respectively, to reach pre-Covid-19 highs of RM31m by FY26F.