myNEWS Holdings Bhd

myNews Holdings Bhd (myNEWS) is a fast growing convenience stores operator listed in Malaysia. As of 12 August 2019, myNEWS is valued at RM 995.9 million in market capitalisation. In this article, I’ll bring an account on its developments since listing in 2016, latest financial results and valuation figures. Thus, here are 10 things to know about myNEWS before you invest: 

Growth Strategy 1: Outlet Expansion
myNEWS operates a large network of retail convenience stores through its brand name ‘myNEWS.com’ and as well as WH Smith outlets located at international airports across Malaysia under a joint venture with WH Smith. As of 21 June 2019, myNEWS’s portfolio of outlets had increased to 483, up from 165 outlets as of 31 October 2013.

Source: myNEWS’s Annual Reports and IPO Document

Growth Strategy 2: Sub-Distribution Centre in Johor
In December 2016, myNEWS acquired a semi-detached factory located at...