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i have joined u all as a shareholder. even though 60c would be a better entry, but i guess its not a bad price now. will top up later if it goes to 60c.
justification
1) large growth from 2016 to 2019. (anyway 2020 is an exceptional year)
2) relatively unknown covid recovery stock. i actually came across this company after browsing through all the companies listed in bursa.
3) with the vaccines being rolled out, mynews stand to gain a lot。
Kelvin, what do you think about its profit margin? personally feel that the rollout of its RTE food at its outlets is slow, plus the depreciation charges of food processing plant will continue to drag it for the near term
margin should become better as the plant utilization improves post covid. the pent up demand for travel is... enormous. anyway, whatever stock you buy today, hold it for 3 years then sure most will go up.
my recovery stocks in malaysia are genting, genm, airport, sunreit, mynews and litrak.
