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I pass by their outlets everyday. their outlets are quiet and the things, expensive. even their cu mart also not doing well. for those who made some money, good for you. but I do doubt this company's future. perhaps you might have a different view. just my 2 cents
You cannot compare MyNews with FamilyMart Co Ltd., Japan. MyNews is a Malaysian company.
You also cannot compare MyNews with 99Speed Mart, KK and even 7e. Fresh eggs also x basuh wor
MyNews outlets are located at prime and exclusive locations. If you lease a lot, it would be expensive. But I suspect MyNews invest by purchasing those prime locations. That's their assets. They sell and they will give us dividends. Their fair value goes up. Thats why KWAP is also one of their shareholders.
MyNews is like FamilyMart but at smaller scale. Malaysian ma..
I don't care what they sell. I am poor and I cant afford to try their tteokbokki or sushi or egg tart or whatever..
Its their assets that I am interested in.
MyNews said they have 3 clients. I suspect they also supply Japanese culinar
Now with countries opening borders, passenger traffic increasing, tourists and working hours are getting back to pre Covid19, I put my money on MyNews that in coming QR, MyNews will start making money.
That's what I am saying.. MyNews has good business model. E.g. They have one store called WH Smith. It's British convenient store. They strategically position this store in KLIA. We have frequent flights to UK several time a week from Heathrow to Sydney or Melbourne.
You don't open store like that in Kg Pandan Dalam k?!!!
