MR DIY Among Most Active Counters Following 2Q Results
KUALA LUMPUR, Aug 12 (Bernama) -- MR DIY Group (M) Bhd’s shares were actively traded in the early trade today after the company posted a lower net profit of RM134.40 million in the second quarter of 2026 (2Q 2026).
Its revenue rose to RM1.25 billion from RM1.21 billion previously.
In a note today, CIMB Securities Sdn Bhd said it expects MR DIY to deliver a slightly stronger performance in the second half of 2026 (2H 2026F), supported by resilient value-driven demand, selective selling price adjustments and improved store economics.
“Following the expiry of its price-lock campaign on July 30, 2026, we expect gradual price adjustments from 3Q 2026 to help mitigate higher supplier and input costs.
“Operationally, MR DIY is prioritising store quality over store count, with stores opened in 1H 2026 generating about 20 per cent higher sales per square foot, while conversions of existing stores have delivered a more than 25 per cent uplift in sales per square foot,” it said.
As such, CIMB Securities maintained its ‘buy’ call on the stock with a target price of RM1.89.
At 10.11 am, MR DIY shares eased two sen to RM1.50, with 21.56 million shares traded.
-- BERNAMA