$MYNEWS (5275.MY)$ Does anyone know why it's still falling
$MYNEWS(5275.MY$ Does anyone know why it's still falling
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101769095 : If you read their cash flow statement, their operation cash flow currently just enough to pay their loan and rental. No enough to support their further development. The inventory write off and wastage amount still really huge to hurt their profit. The quarterly report Q1 31/01/2024 show their inventory write off RM1.1 million and wastage RM 5.2 million. Although their Mr Dang said in an interview that the wastage amount already small enough to neglect. But i don’t think so
Solf Capital 101769095 : This year they open more than 10 new shops. The fund come with PP last year.