mynews holdings shares fell early tuesday as analysts cast doubt on its outlook after the conveniencestore operator remained unprofitable in its second quarter shares in the malaysian company slid as much as 82 and were recently 41 lower at 047 ringgit bringing its yeartodate losses to 26 mynews late monday said its secondquarter net loss was myr63 million 14 million narrowing from myr102 million a year ago supported by higher revenue contributions from new outlets quarterly revenue was 23 higher at myr1742 million mainly due to increased outlet numbers and better overall instore sales the subdued sales momentum and continuing foodproductioncenter losses may hamper mynewss earnings recovery analyst jade tam said in a note tam said she expects mynews to register a net loss of myr16 million for the current fiscal year and cut her earnings forecasts for fiscal years 2024 and 2025 by 82 and 70 respectively after secondquarter results missed expectations maybank cut its target price on mynews to myr051 from myr059 but kept a hold rating aminvestment bank was also cautious about the companys outlook saying that its cubranded stores might need a longer gestation period amid competition and that a slower consumerspending environment could weigh on footfall analyst vanessa leong cut mynewss earnings forecasts for fiscal years 2023 to 2025 by 1340 to factor in higher operatingcost projections at its foodproduction center aminvestment bank lowered its target price on the stock to myr047 from myr054 but maintained a hold rating