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Bursa Malaysia settles mixed at midday
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BCorp unveils three-year strategic plan to streamline business, unlock value
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Berjaya Corp unveils 3-year strategic plan, shifts focus to consumers
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Berjaya Corp to streamline businesses, sell off non-core assets | Money
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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.