Footfall recovery and reduced operating expenses lift Senheng

TheStar Tue, Nov 29, 2022 08:30am - 1 year View Original


PETALING JAYA: A potential recovery in footfall and lower-than-expected operating expenses are expected to buoy Senheng New Retail Bhd’s future earnings against its weaker prospects going forward, says CGS-CIMB Research.

The research house noted that the electrical and electronics retailer’s net profit of RM46mil for the nine-month period ended Sept 30, 2022 came in below its expectations at 62.2%, despite having gone up by 13.6% year-on-year (y-o-y).

However, Senheng’s gross profit margins for the nine-month period were up by 22.1%, underpinned by an improved sales mix.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

CIMB 6.550
SENHENG 0.320

Comments

Login to comment.