MR DIY's 1Q weakness a temporary setback

KUALA LUMPUR: The weaker earnings performance registered by MR DIY Group (M) Bhd in the first quarter of 2022 is unlikely to continue in subsequent quarters given the improving operational environment, says RHB Research.

The research firm highlighted that the two main factors that dragged on earnings in the previous quarter - the Covid-19 infection rate and the Price Lock campaign - will likely not be a factor in the coming quarters.