0334 GMT - Mr. D.I.Y. Group $(MIMI)$'s outlook appears positive for 2025, as steady private consumption growth is expected to drive the home improvement retailer's revenue and earnings growth, CGS International analysts Lew Cheng Wei and Prem Jearajasingam say in a note. With gross profit margins anticipated to remain stable, the continued expansion of its stores and new retail brand, KKV, positions the company to achieve a robust 2023-2026 forecasted compound annual growth rate of 24% for core earnings per share, they estimate. The company's 13% share price drop since its 3Q results seems excessive, and its valuation appears low compared to its global peer Dollarama Inc., presenting an attractive entry point, they add. CGS maintains an add rating on Mr. D.I.Y. and keeps its target price at MYR2.60. Shares are 1.1% lower at MYR1.80. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
December 12, 2024 22:34 ET (03:34 GMT)
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