Taking over Dang's COO role would be Akito Nakatsuma, who was executive vice president of Poplar convenience stores in Japan. In his new role at myNEWS, Nakatsuma will be in charge of the operations of all outlets, merchandising, IT infrastructure, distribution and logistics, growth markets and business development.
KUALA LUMPUR: MyNews Holdings Bhd’s plans to open at least 90 new outlets in FY19 may limit earnings margin growth due to higher staff and rental costs and start-up costs.
In its outlook, Kenanga research said given the stiff competition and starurated market in the modern convenience store space, it maintained its underperform call with an unchanged target price of RM1.25.
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