Senheng outlines growth strategy

CGS-CIMB Research expects the group to post compounded annual growth rate (CAGR) of 12.7% in revenue and 13.4% in core net profit over the financial year ended Dec 31, 2021 (FY21) to FY24, driven by an 18.1% CAGR in retail floor space and 10.1% CAGR in online channel revenue.

KUALA LUMPUR: Malaysia’s largest consumer electrical and electronics (E&E) retailer Senheng New Retail Bhd has near to medium-term strategies to cement its market leadership position in the E&E segment.

CGS-CIMB Research expects the group to post compounded annual growth rate (CAGR) of 12.7% in revenue and 13.4% in core net profit over the financial year ended Dec 31, 2021 (FY21) to FY24, driven by an 18.1% CAGR in retail floor space and 10.1% CAGR in online channel revenue.