99 SPEED MART RETAIL HOLDINGS BERHAD

KLSE (MYR): 99SMART (5326)

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Last Price

2.32

Today's Change

0.00 (0.00%)

Day's Change

2.30 - 2.36

Trading Volume

7,863,700


2 people like this.

952 comment(s). Last comment by Cheers 27 minutes ago

speakup

27,004 posts

Posted by speakup > 2 months ago | Report Abuse

Obviously u never been to a Walmart before

icecool

5,017 posts

Posted by icecool > 2 months ago | Report Abuse

save your bullets for this ipo

Jack Khan

1,296 posts

Posted by Jack Khan > 2 months ago | Report Abuse

Aiya my MIH already return my money! Tak kena!

Posted by Red Dragon > 2 months ago | Report Abuse

Jack Khan
Will you buy this stock at 1.99 during debut?

zhen wei & JP

1,175 posts

Posted by zhen wei & JP > 2 months ago | Report Abuse

0.99

Jack Khan

1,296 posts

Posted by Jack Khan > 2 months ago | Report Abuse

of cource i won't buy at 1.99

Posted by BursaVulture > 2 months ago | Report Abuse

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.

speakup

27,004 posts

Posted by speakup > 2 months ago | Report Abuse

Shhhhhh. This is a secret of Malaysia IPO

Posted by 641003025255 > 2 months ago | Report Abuse

GOOD PROFIT TP-RM9.99😀😀

Jack Khan

1,296 posts

Posted by Jack Khan > 2 months ago | Report Abuse

why not 99cents

Wan Nee

242 posts

Posted by Wan Nee > 2 months ago | Report Abuse

will 99smart open like Hawk today?

SJSOON

2,576 posts

Posted by SJSOON > 2 months ago | Report Abuse

Hahahaha hopefully double up on the 1st day

Posted by EatCoconutCanWin > 2 months ago | Report Abuse

Opening at 1.38

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

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

Voyager8

17 posts

Posted by Voyager8 > 2 months ago | Report Abuse

If 99 Speedmart is to maintain the same increase of net profit for another 2 more quarters I think the PE Ratio will be 20+ or even lower.

Posted by EatCoconutCanWin > 2 months ago | Report Abuse

99smart opening at 1.99, else siasui in listing

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

2 Big government GLCs are corner stones / major shareholders ...
EPF@KWSP and SOCSO@PERKESO....

john55555

120 posts

Posted by john55555 > 2 months ago | Report Abuse

Boss 99 like Fengshui 99
9/29 =9/11 balloting
9/9 listing
IPO price 1.65= 1/11

This boss really like 99 11
So open 9am 9/9/2024 price sure 1.99

mf

29,076 posts

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

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

john55555

120 posts

Posted by john55555 > 2 months ago | Report Abuse

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.

Jack737

33 posts

Posted by Jack737 > 2 months ago | Report Abuse

99 is definitely better than DIY . Their shares price should be higher than DIY. This is a gem for long term investment.

Tok Batin

30 posts

Posted by Tok Batin > 2 months ago | Report Abuse

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)

ks55

4,219 posts

Posted by ks55 > 2 months ago | Report Abuse

If you want to buy cheap (at least 20% cheaper than IPO price), just wait for 2 weeks. You can get it for 1.20

hw0706

827 posts

Posted by hw0706 > 2 months ago | Report Abuse

too expensive

Posted by Sweetchocalates > 2 months ago | Report Abuse

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.

kk7198

2,497 posts

Posted by kk7198 > 2 months ago | Report Abuse

Big elephant. How to fly?

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

Mini Market King @99MART Boss / CEO is A Billionaire -- No problem
FV Mercury@ RM 1.99 , UOB RM 2.00
Among Big Corner stone >> Govt EPF , SOCSO.

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

RM 2.00 ++ NO SWEAT.....💪

ks55

4,219 posts

Posted by ks55 > 2 months ago | Report Abuse

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.

Posted by AngAngBoHaiLang > 2 months ago | Report Abuse

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😂

Willtolive

603 posts

Posted by Willtolive > 2 months ago | Report Abuse

will be up because it's a darling of smart money.

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

Darling stock
RM 2.30 closing

Faiza

666 posts

Posted by Faiza > 2 months ago | Report Abuse

dont expect much from 99sp
his counter very slow, see rgtech know la

flydelta

155 posts

Posted by flydelta > 2 months ago | Report Abuse

sell, to get CASH.....now

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

Those sour grape ( did not apply ) now biting their finger in MAD
Cehh...Pon.da*

Tripaka

2,960 posts

Posted by Tripaka > 2 months ago | Report Abuse

Safer to throw. I sold. Later can buy back if you want. 8.4 bil very heavy, market very soft and unpredictable in coming days.

iscmob

76 posts

Posted by iscmob > 2 months ago | Report Abuse

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.

Willtolive

603 posts

Posted by Willtolive > 2 months ago | Report Abuse

this stock is better than Mr diy, market leader

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

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 🤣

Posted by sinkalan2015 > 2 months ago | Report Abuse

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.

Michael Kwok

6,424 posts

Posted by Michael Kwok > 2 months ago | Report Abuse

Price 1.65
Nosh 8.4 billion.dun think will up much.
9/9/24 9.40am

Posted by AngAngBoHaiLang > 2 months ago | Report Abuse

today glove counter 水静河飞

Keko789

83 posts

Posted by Keko789 > 2 months ago | Report Abuse

divident coming?

minher

371 posts

Posted by minher > 2 months ago | Report Abuse

99smart will replace QL become KLSE Composite Index stock. 99smart market capital now RM16Bil, while QL RM16.33Bil.

minher

371 posts

Posted by minher > 2 months ago | Report Abuse

99smart will rise further after become index stock, since many institutional fund need to buy.

Posted by sinkalan2015 > 2 months ago | Report Abuse

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!

Posted by AngAngBoHaiLang > 2 months ago | Report Abuse

so easy apply meh, never success apply IPO, haha

BE_GREEEEEDY

1,824 posts

Posted by BE_GREEEEEDY > 2 months ago | Report Abuse

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👍

Ayong21

105 posts

Posted by Ayong21 > 2 months ago | Report Abuse

malaysia market goreng ipo trend. No need look at future sustainability

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