CU store expansion to help drive MyNews growth

Cheif Executive Officer (CEO) (Retail) of myNews Holding Berhad Ms Low Chooi Hoon (right) picture together with her team in front on their 40th outlet and the1st CU convenience store at City Junction Penang in Tanjong Tokong. ( December 18,2021 ) —ZHAFARAN NASIB/The Star

KUALA LUMPUR: MyNews Holdings Bhd is an attractive proxy to the recovery theme, having yet to benefit from the full-fledged and sustained reopening of the economy expected to take place next year.

RHB Investment Bank Bhd Research said it remains upbeat on the group’s CU stores’ aggressive expansion plans, with its scalability and synergistic benefits expected to underpin earnings growth in the medium to long term.