CU Coming Thick and Fast

Since opening up its first CU store in Malaysia on the 1st of April 2021 at Centrepoint Bandar Utama, myNews only manage to open another 3 CU stores in the first 6 months.

This is no thanks to the surging Covid-19 cases which brought us MCO 3.0 in which all renovation jobs were not allowed.

Its initial plan to open 30-35 CU stores this year seems to be in jeopardy.

Nevertheless, the management team of myNews quietly works its socks off to make things happen.

After only 4 CU stores in 6 months, now it's going to open 21 CU stores in one month!

Rhonema: Milk Not Enough

 

Rhonema was listed on the main market of Bursa in December 2016 at an issue price of 75sen.

It is mainly involved in manufacturing and distribution of animal health products to livestock industry, as well as distribution and supply of food ingredients to food manufacturers.

The animal health products include pharmaceuticals, vaccines, feed & feed additives etc, are mainly for the poultry & swine segment. 

In early 2020, the company expanded into the ruminant segment (cow) by acquiring 49% stake in 3 companies.

This acquisition includes a small dairy farming business which produces fresh milk which is sold to wholesalers.

Rhonema mentioned that it has a plan to grow this dairy farming business and did not rule out venturing downstream to have its own brand of fresh milk products in the future.

That's one of the main reasons I decided to invest in Rhonema.

My Portfolio Sep21

 

Summary For September 2021

My Portfolio @ End of Sep21

The performance of the stocks in my portfolio in September is mixed, with nine gains and nine losses.

Overall my portfolio lost 1.2% in this month.

The worst performer is Supermax which suffered a 27.5% drop. I didn't follow its share price closely and was actually quite shocked to realize how low it has gone.

Nevertheless Supermax has a 15-sen dividend ex-ed in Sep21.

Even though I don't have a lot of Supermax shares, it's still a disappointment to me. 

On the other hand, the best performer is DKSH which gains 19% but I also do not own a lot of its shares.