RHB expects further rerating for MR DIY


KUALA LUMPUR: RHB Research has initiated coverage on MR DIY Group Bhd with a "buy" as it expects its valuation to undergo a further rerating on a scarcity premium and potential inclusion in benchmark indexes.

The research house forecasts FY20-22 net store additions of 130 175 and 175 inclusive of new store brands in Mr Dollar and Mr TOY.

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