Rise in minimum wage won’t hurt 7-Eleven, expansion plans on track

CGS-CIMB said 7-Eleven estimated that around 75% of its staff count would be affected by the increase in the minimum wage to RM1,500 (from RM1,200) effective May 1.

PETALING JAYA: The impact of the increase in the minimum wage on 7-Eleven Malaysia Holdings Bhd is likely to be contained, while expansion plans for the covenience store operator remain on track thus far, according to CGS-CIMB Research.

The research unit said it was keeping its earnings estimates for the company intact.