I think there is potential. Traditional sundry shops disappearing slowly. 711 convenience store serves 24/7 fills the gap. Products are daily consumables.
So many mom n pop stores in Malaysia. 7-11, really no big deal liao.... Petrol stations oso got this type of convenience shops...
Condom u buy at pharmacies, no one will blink an eye. Normal mah, wat to be shy?
Ya, 7-11 products oso not cheaper than other similar kedai runcit.... Only advantage is its 24/7. But takut juga... A lot of robberies in Malaysia, esp. at nite. Not safe for operators, not safe for customers.....
Ini stock sekejap saje panas...sell if get profit 15 to 2o%...711 can drop below ipo price..that time can buy back...business belum tentu untung....competitor like kk & 99 speedmart tumbuh mcm mushroom..price lower daripada 711....
I think most of the investor here regardless of race cares only about profit. If shariah compliant is so important, they wouldn't allocate preferential shares to bumis only.
Anyway, this counter profit margin is very very small. I shall wait and see how it goes. Maybe it'll end up like ioiprop. :)
A bit high dy...can take profit and go elsewhere. BJFood a better option, a bit quiet these days but I believe it will soon kick back to life after SEM rally dies off.
I still have 15K shares. Any takers? C U tomorrow morning. Have hearty breakfast. Then let's play 711 game offered by VT, harvest profits, carve big smiles, after that take a break L.O.L.
yes, DRwarrant. 9 malaysian billionaire got superbrand image to keep ma! He invited cornerstone friends to corner us to play $$$711 game, he must make friends happy ma! Make sure drink Ah Huat kopi kao kao lagi huat huat ar! God of prosperity will b very busy couriering $$$ to us.
When open in the first day , everyone said sure drop , in fact NO while still going up , now every one change mind say very strong la, support la and won't drop so fast la ... hahaha
It is only human. People offer profits, we take, we wallop. But at the same time also korek & kasi betul-betul the giver when things don't go smoothly for them. Those who don't are very special species of homo sapiens!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yuanlong57
1,528 posts
Posted by yuanlong57 > 2014-05-31 23:40 | Report Abuse
I think there is potential. Traditional sundry shops disappearing slowly. 711 convenience store serves 24/7 fills the gap. Products are daily consumables.