CGS-CIMB said 7-Eleven estimated that around 75% of its staff count would be affected by the increase in the minimum wage to RM1,500 (from RM1,200) effective May 1.
PETALING JAYA: The impact of the increase in the minimum wage on 7-Eleven Malaysia Holdings Bhd
is likely to be contained, while expansion plans for the covenience store operator remain on track thus far, according to CGS-CIMB Research.
The research unit said it was keeping its earnings estimates for the company intact.
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