Kenanga lowers forecast on MyNews


KUALA LUMPUR: Kenanga Investment Bank Research slashed its earnings projections for MyNews Holdings Bhd following its disappointing 9MFY20 performance on lower sales and gross margin.

Post-results, the research house cut its FY20 earnings estimate on the company to a core loss of RM9.5mil from core PATAMI of RM5.1mil.

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