CGS-CIMB Research expected the opening of 40 to 100 new CU outlets per year over financial years 2021 ending Oct 31 (FY21) to FY23 forecast, noting that the capacity take-up will be gradual. “Thus, we are still expecting its FPC to remain loss-making till end-FY22 forecast, ” it added
PETALING JAYA: Although the opening of CU outlets by MyNews Holdings Bhd is positive for the group’s earnings growth, weak footfall of stores coupled with low food processing centre (FPC) utilisation rates pose risks in the near-term.
CGS-CIMB Research expected the opening of 40 to 100 new CU outlets per year over financial years 2021 ending Oct 31 (FY21) to FY23 forecast, noting that the capacity take-up will be gradual.
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