MR D.I.Y
MR DIY Group’s stock has surged by 52.4% year-to-date, adding RM7 billion to its market capitalization, now at RM20.52 billion. Analysts are optimistic due to strong store expansions, investments in KKV, and potential consumer spending increases driven by factors like EPF withdrawals and wage hikes. With a P/E multiple of 35.23, analysts view the stock as fairly valued, with 13 out of 15 analysts recommending a ‘buy’. The company is expected to benefit from currency gains, as most of its products are sourced from China, boosting profit margins.
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