Foodie Media Bhd Market Update
Trading Performance
- Closing price at 02:16 PM Central Europe on Friday 23 Oct 2026: MYR 0.31.
- Daily change: +3.85 %.
- 24‑hour trading volume: MYR 127.1 k.
- Current market capitalisation: MYR 239.8 mn.
- Shares outstanding: 799.2 mn.
- 52‑week high: MYR 0.57 (22 Oct 2026).
- 52‑week low: MYR 0.24 (22 Oct 2026).
- 200‑day simple moving average: MYR 0.36.
Recent Performance
- Since the end of the previous month, the share price has fallen −19.4 %.
Financial Highlights for FY 2026
- Net profit increased by > 66 %.
- Revenue growth: ≈ 50 %.
- Four‑pillar model (content, creator, commerce, community) all expanded; community segment recorded the fastest growth.
- Dividends: second interim dividend plus a special dividend totaling 1 sen per share.
- Outlook for FY 2027: management anticipates continued shift of digital advertising away from traditional media, supporting growth.
Related Stock Activity (24 Hours)
| Stock | 24‑Hour Change | Current Price | Market Cap | P/E Ratio |
|---|---|---|---|---|
| Mitrajaya Bhd (9571.KL) | +2.56 % | MYR 0.38 | MYR 287.1 mn | 3.42 |
| Aeon Bhd (6599.KL) | +2.12 % | MYR 0.96 | MYR 283.2 mn | 8.77 |
| Country View Bhd (5049.KL) | +3.61 % | MYR 2.86 | MYR 287 mn | 3.8 |
| Gopeng Bhd (2135.KL) | –2.82 % | MYR 0.69 | MYR 278.4 mn | – |
| Harvest Miracle Capital Bhd (0060.KL) | 0 % | MYR 0.14 | MYR 277.6 mn | 33.01 |
Market Context
The Malaysian Government’s Budget 2027 is expected to increase household disposable income through tax relief and enhanced cash assistance. Analysts predict that the fiscal package—reducing income‑tax rates for middle‑income earners and raising the minimum wage—will lift consumer spending.
- Consumer‑goods and retail stocks have posted gains in response.
- The impact on earnings will depend on consumer spending behaviour and firms’ cost management.
- Companies such as AEON Co (M) Bhd may experience a larger earnings effect from higher labour costs, while those already paying higher wages may see only modest changes.
- The overall outlook for the consumer sector remains cautiously optimistic pending further market reactions to the policy changes.