PETALING JAYA: While MR DIY Group Bhd’s store expansion appears to be positive for its growth but moving forward its sales may be hit due to inflationary pressures.
Historically, festive periods have proven to be MR DIY’s strong quarters and the expectation is the fourth quarter (4Q22) to be so due to year-end shopping and festivities.
With the adjustments in prices and easing of freight charges, Kenanga Research expects MR DIY’s gross margin to remain stable at about 41% for the rest of the year.
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