MY : 7-Eleven Malaysia Holdings - Movement restrictions hurt footfall

1QFY21 core net profit of RM12.7m (-1.4% yoy) came in below expectations, mainly due to weaker-than-expected footfall for its CVS operations. The tightening of movement restrictions under the latest movement control order (MCO 3.0) will likely cause footfall in 2QFY21F to remain weak. Long-term prospects remain bright. Reiterate Add with a lower TP of RM1.74.

Most Viewed See latest

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers