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Higher operating expenses to limit MyNews earnings margin growth

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KUALA LUMPUR: MyNews Holdings Bhd's plans to open at least 90 new outlets in FY19 may limit earnings margin growth due to higher staff and rental costs and start-up costs.

In its outlook, Kenanga research said given the stiff competition and starurated market in the modern convenience store space, it maintained its underperform call with an unchanged target price of RM1.

 

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