MR DIY poised to do well even with moderate consumption

PETALING JAYA: UOB Kay Hian Research (UOBKH Research) sees solid first quarter results of 2024 (1Q24) for MR DIY Group (M) Bhd given the robust outlook for retail sales.

Citing Retail Group Malaysia (RGM), the research house said retail sales is expected to grow to 4% year-on-year in 2024, an increase from 2.2% in 2023.