News about retail

The group operates its largest market in Malaysia with over 140 stores nationwide, where inflation concerns persist amid plans to cut subsidies for RON95 petrol from the middle of next year, following a similar implementation with diesel back in June.

With a budget of RM50 million, the four-acre retail park will offer shopping and dining experiences catering to both locals and tourists.

For the financial year ended Dec 31, 2022 (FY2023), the group recorded PBT of S$36.

In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance.

Sales at department stores cum supermarkets grew 12.

The rise in the wholesale sector was driven by a 4.

In a note on Wednesday, the research house said that as it is riding above the 21-day simple moving average (SMA) line, expect the stock to trend higher towards the 5-year high of 41 sen, followed by the 52.

The hypermarket operator said it has appealed against a court order to surrender the 180,000 sq ft premises, following a summary judgement obtained by its landlord Crystal Promenade Sdn Bhd.

TF Value-Mart said it has, between 2016 and 2021, taken over the premises of nine hypermarket stores from GCH Retail when its leases were not renewed by the DFI Retail Group, which sold GCH Retail to Macrovalue Sdn Bhd in 2023.

According to the REIT, its property operating expenses for the quarter surged 52% y-o-y due to operating expenses incurred for the new property, upgrading works, and higher utility costs driven by additional consumption under the hot weather.