KUALA LUMPUR: CGS-CIMB Equities Research downgrades its call for Mynews Holdings from Add to Hold, as it tempered its sales growth and margin expectations after a recent analyst briefing.
It said on Wednesday the company’s food production centre is currently underutilised at 25% of full capacity after restarting operations in mid-June, following a six-week closure.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!