Mr. D.i.y. Group (M) Likely to Post Stronger 2H Earnings
Dow Jones
Aug 12
0231 GMT - Mr. D.I.Y. Group (M) could post stronger 2H earnings, driven by selective price adjustments, resilient demand, and better store productivity, CIMB Securities analyst Walter Aw Lik Hsin says in a note. Following the expiry of its price-lock campaign on July 30, gradual price adjustments are expected to help offset higher supplier and input costs, he says. Store productivity could improve, with new stores generating about 20% higher sales per square foot and converted stores delivering more than 25% higher productivity. However, Aw cuts his 2026-2028 EPS estimates by 0.3%-6.3%, to factor in slower store rollout and higher costs. He lowers the target price to 1.89 ringgit from 2.16 ringgit and maintains a buy rating. The stock is down 1.3% at 1.50 ringgit.
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