CGS-CIMB ups sales forecasts for Mr DIY

KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd has raised its sales forecast for Mr DIY Group (M) Bhd to 10.6 per cent and 10.5 per cent for 2024 and 2025, respectively. This was premised on the management’s renewed focus on expanding its store network, particularly its flagship Mr DIY concept store, into underserved areas in Sabah and Sarawak. CGS-CIMB said this should drive sales growth as Mr DIY noted that its Sabah and Sarawak stores experienced more than 30 per cent higher average sales per store than those in the peninsula.