News about retail

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.

The research house said that if it manages to reclaim the 42.

The research house said that riding above the rising 21-day simple moving average line, the stock is likely to climb higher towards RM1.

Broadly, however, shopping traffic in 4Q2023 was flat when compared to 4Q2022, RGM said KUALA LUMPUR (March 11): Malaysia’s retail sales may rebound in the first quarter of 2024 (1Q2024), after unexpectedly shrinking 0.

The strong profit growth was driven by higher contributions from all its operating segments, namely the property investment of commercial and retail, property development and hotel businesses.

The research house said that the bullish bias above that level may see the stock climb towards the 38 sen immediate resistance, followed by its recent high of 39.

“There are no liquidated damages or penalties that the company needs to compensate [concerning the SPA with ALX Asset].

In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.