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Cover Story: MyNews, 7-Eleven, Mr DIY top picks for convenience, speciality stores

Cover Story: MyNews, 7-Eleven, Mr DIY top picks for convenience, speciality stores
The Edge
13/5/2021
Supriya Surendran
© Provided by The Edge
OPERATORS of mini-marts, convenience stores and cooperatives anticipate that revenue growth will be maintained this year after a strong 2020. First-quarter 2021 (1Q2021) growth is projected at 12.5%, according to an industry report.
Retail growth for the furniture and furnishings, home improvement as well as electrical and electronics subsectors is pegged at a higher 14.6% in the first three months, states the Malaysia Retail Sales Report by Retail Group Malaysia.
From a stock perspective, analysts are sanguine about the prospects of convenience store operators such as MyNews Holdings Bhd, 7-Eleven Malaysia Holdings Bhd and QL Resources Bhd, as well as home improvement retailer Mr DIY Group (M) Bhd. We take a closer look at the stocks. ....

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Malaysia posts worst retail sales results in 22 years

KUALA LUMPUR (March 8): The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.3%, as the Covid-19 pandemic forced people to stay home and retail stores shut. A majority of the retail sub-sectors contracted by double digits, with the department store and fashion and fashion accessories segments shrinking the most at 38.3% and 37.9% respectively, the latest edition of the Malaysia Retail Sales Report (March 2021) showed.
Retail expansion forecast for 2021 has also been revised downwards to 4.1% from 4.9% after major states nationwide were once again placed under the movement control order (MCO) for the most part of the current quarter. The first-quarter performance is estimated to shrink by 13.4% before experiencing a recovery in the next three quarters. ....

Kuala Lumpur , Hai Hsin , Malaysia Retail Chain Association , Retail Group Malaysia , Malaysia Retailers Association , Malaysia Retail Sales Report , Group Malaysia , Tan Hai Hsin , குவாலா லம்பூர் , ஹாய் ஹஸின் , மலேசியா சில்லறை சங்கிலி சங்கம் , சில்லறை குழு மலேசியா , மலேசியா சில்லறை விற்பனையாளர்கள் சங்கம் , மலேசியா சில்லறை விற்பனை அறிக்கை , குழு மலேசியா , பழுப்பு ஹாய் ஹஸின் ,

Malaysia's 4Q20 retail sales down 19.7% | The Edge Markets

Malaysia's 4Q20 retail sales down 19.7% | The Edge Markets
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Kuala Lumpur , Hai Hsin , Malaysia Retail Chain Association , Retail Group Malaysia , Malaysia Retailers Association , Klang Valley , Malaysia Retail Sales Report , Group Malaysia , Tan Hai Hsin , Malaysia Retail Sales , குவாலா லம்பூர் , ஹாய் ஹஸின் , மலேசியா சில்லறை சங்கிலி சங்கம் , சில்லறை குழு மலேசியா , மலேசியா சில்லறை விற்பனையாளர்கள் சங்கம் , கிளாங் பள்ளத்தாக்கு , மலேசியா சில்லறை விற்பனை அறிக்கை , குழு மலேசியா , பழுப்பு ஹாய் ஹஸின் , மலேசியா சில்லறை விற்பனை ,