Maybank IB Research said MyNews outlook for FY23 is turning positive, but further improvements in its CU mart and food processing centre (FPC) operations are needed for the group’s earnings to recover back to pre-pandemic levels.
PETALING JAYA: MyNews Holdings Bhd, which has been in the red since financial year ended Oct 31, 2020 (FY20), has bright prospects ahead, says Maybank Investment Bank (IB) Research, which expects the convenience store operator to return to the black in FY23.
In a report, Maybank IB Research said MyNews outlook for FY23 is turning positive, but further improvements in its CU mart and food processing centre (FPC) operations are needed for the group’s earnings to recover back to pre-pandemic levels.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
