some positives from 2Q 1. Net profit increased by 86% to rm2.1M 2. cashflows increased for the quarter by rm7.0m to rm42m 3. positive signs from gradual economy recovery
Bokai, are u sure you get the info right? the group hq is at bangsar south. the penang hq is a subsidiary co. how you assessed the thai JV is not doing well?
KUALA LUMPUR (Sept 10): When the Malaysian retail industry experienced its worst performance in over two decades in 2020 contracting by 16.3%, the industry had expected to only recover to pre-pandemic levels in 2024.
However, the latest edition of the Malaysia Retail Industry Report published by Retail Group Malaysia (RGM) revealed that the first quarter of 2022 (1Q2022) and 2Q2022 growth numbers were solid, expanding year-on-year by 18.3% and 62.5% respectively. With retailers expecting yet another jump of 61.7% in the third quarter, RGM is now confident that the industry will recover to levels achieved in 2019 — the year before the pandemic.
-Key clients are 99 Speedmart, Aeon Big, Giant, 7-Eleven, Cold Storage, Guardian and Parkson which Malaysia is the main revenue. While in Thailand, 2 F&B outlets of a prominent food court operation making healthy progress. -Also, the founder of the 99 Speedmart retail chain, Lee Thiam Wah, has emerged as the third biggest shareholder in retail technology solutions provider Radiant Globaltech Bhd (RGTech), with a 15.77% stake.
overseas business, so far the bright spot is thailand, breakeven in 2 yrs. thai side seemed to have more potential than vietnam so far. retail biz at Siam is robust
HANOI, Oct 11 (Reuters) - Vietnam's economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday.
jack, other Key clients apart from 99 Speedmart, are Aeon Big, Giant, 7-Eleven, Cold Storage, Guardian and Parkson Giant mini market, guardian and 7-11 are also expanding good recurring hardware and software biz
KUALA LUMPUR: Farm Fresh Bhd has entered into a strategic partnership with AEON Big (M) Sdn Bhd to open a new Jom Cha outlet in the retailer's Wangsa Maju store in Kuala Lumpur.
The Jom Cha brand debuted in August 2022, and the collaboration with AEON BiG is in accordance with the company's plan to swiftly expand nationwide over the next three years.
The New Straits Times reported last November that Farm Fresh wanted to open up to 300 Jomcha outlets nationally over the next three years through its wholly-owned beverage firm Farm Fresh Jomcha Sdn Bhd.
This year, the company plans to invest RM8 million and open 25 stores. Next year, it will spend RM20 million to open 75 locations in shopping malls and integrated townships.
KUALA LUMPUR (Feb 10): Lee Thiam Wah — the founder of retail chain 99 Speedmart — has emerged as the substantial shareholder of Alliance Bank Malaysia Bhd, with a 5.076% stake.
A filing on Friday (Feb 10) shows that Lee’s company Global Success Network Sdn Bhd acquired 1.38 million shares or a 0.089% stake on the open market on Thursday (Feb 9), bumping his stake in the bank to 5.076%.
Note that Lee is also the third-largest shareholder of Alliance Bank, after Vertical Theme Sdn Bhd (29.06%) and the Employees Provident Fund (EPF) (10.5%).
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 164 views | 23 h ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 324 views | 2 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
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....
Faiza
666 posts
Posted by Faiza > 2022-05-28 17:46 | Report Abuse
Such performance continues zero investment Frm local funds, no need to mention foreign funds la