Walmart which is a supermarket chain that sell their goods cheap using economy of scale. Now Walmart is experiencing a surge in sale. 99 is also a thrifty mini market chain is experiencing high volume of sale. Buy 99 now
Secondly only 10% of the shares are in public hand. The other 90% shares are held tightly by owner and relatives. Owner cannot sell for period of time. Anywhere this owner won't sell because he is gila about his company. During process of listing this owner only want to give 10% to the public. But banker told him he has to give min. 17%. He has to list the company to expand overseas
don't worry 99smart investors i went to visit 99 speed mart near my place and even after prices all up people still buy until the shelves are emptied. this is a good sign that profit of 99 speed mart will be growing.
EPS last quarter is increasing by about 40% YoY and it will keep increasing, this IPO increased speedmart cash position and it is about to open more stores and grow exponentially
I will not be surprised to see in one year time the YoY quarter will see 100% increase in EPS
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....
icecool
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Posted by icecool > 1 month ago | Report Abuse
next week to the moon !!!