I really hate this type of 'Window Dressing' thing. Right before IPO, suddenly the profit went up alot... when for the past few years, the profit never had this sudden spike.
Is the current profit sustainable? or just a one off because of the IPO? If the next few quarters they can sustain the same profit, then they deserve the high valuation, but question is, why IPO when they can make so much money? they dont even need the money to begin with.
99 Speed Mart posts 66 % jump in net profit for 2Q24 ahead of listing By S. Birruntha - September 2, 2024 RM 1.99 on 9.9 ( Sept 9 ) SMART 99 NO PROBLEM - NO SWEAT 💪👌 Those pond**👺 didn't apply now become SOUR GRAPE - in MAD
Hello Anti Climax Bursa won't depend on Dow Jone ....healthy dow jone after a pullback that's why it's Anti Climax This NO 9 Obsess Billionaire want to show off .... to make it open Trading >> RM 1.99💪 as forcasted by Mercury Securities....👌 Wha't is more important is the IPO sentiment remained SOLID ROCK with EXPLOSIVE HAWK IPO & Shining again VTC IPO
99 may limit up I think Coz all stock market crash drop Smart money will go to new stock Defensive stock like consumer stock
Defensive stocks include companies in industries such as consumer staples (food, beverages, household goods), healthcare, utilities, and telecommunications. Their products and services are considered non-discretionary, meaning that consumers will continue to buy them even in tough economic times.
IPO: Main Market-bound 99 Speed Mart's profit jumps 66% YoY. 99 Speed Mart Retail Holdings posted a 66.3% YoY jump in its second quarter net profit, driven by higher sales from an expanded number of outlets and higher other operating income. Its net profit for the March to June quarter (2QFY2024) rose to RM125.5m from RM75.5m in 2QFY2023. Revenue for 2QFY2024 rose 8.2% to RM2.42bn from RM2.24bn in 2QFY2023, following positive contributions from 59 new outlets during the quarter, bringing the group's total outlet count to 2,646 as at June 30, 2024. (The Edge)
overpriced stock. i think wont up much. Maybe like johor plantations group. Mini market business asking for tech sector kind of valuations lol. But hey, it's bursa. Anything can happen. just the probability of big upside is very low.
Those having 99Speedmart should sell at the opening bell by offer at 1.20 You can get higher at opening trade Share price likely to come down after opening trade, just like all other IPOs
If you have confidence in the company, can buy at 1.20 two or three weeks later.
This stock IPO price a bit higher than it's existing value, it's selling at it's future price, for long term it's confirm profitable, but short term a bit hard to predict..However, for today con9lan7firm depends on how much investor goreng it😂
It should be <RM1. My personal deduction based on what I read and heard is that their actual IPO purpose is unclear and they are just not at MrDIY level.
Pon.da..n sour grape ( didn't apply ) now become SOUR GRAPE / CRYING BABY🤣 In stock trading - IPO by Billionaire Mini Market KING oso scared - you are finish 🤣
This is definitely a goreng stock. resistance already broken at 1.90. later RM1.99 coming for sure. just wait and see. don't look at their business. They just want to gorent this stock to RM2.99 in the coming future.
many people looking at the business sustainability of 99smart and future growth. guys, this is Malaysia. just ride on the roller coaster. now it is ipo and up trend. they will definitely goreng up to RM1.99 during ipo and will push further to above RM2.50 in the near future just like MRDIY. forget about business and take advantage first!
Those scared to applly due to ? - Flooded / Billions shares - pricey IPO , Dow Jone sinking and what not now in mad - Bang head on the computer screen 10 X .... & regretting liao Hello - this is an ANTI Climax - Boleh land Bursa laaa - don't depend MUCH on Dow Jone Infact Bursa >> IPO gold mine💪 $$$$$ Easy MOney $$$$$ - thanks to this Mini Mart KING Billionaire👍
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....
speakup
27,045 posts
Posted by speakup > 2 months ago | Report Abuse
Obviously u never been to a Walmart before