after 99 speed mart ipo i notice 99 speed mart near my place prices all up, this is a good sign that management care about the profit for share holders, buying 99smart shares will be good for long term.
no lah Bangla supermarkets all buy from 99Speedmart every second non-stop and markup 50% to sell to Bangla workers and local Malaysians Everyday 99Speedmart shelves sometimes sapu until totally blank and local Malaysians no chance to buy any groceries forced to starve or wanna buy groceries forced to buy from Bangla criminal organisations while Bangla criminal gangs laugh all the way to Banglaland with Billions of RM transferred overseas.
so no choice increase price to reduce Bangla Criminal gangs profits.
Posted by icecool > 2 hours ago | Report Abuse
after 99 speed mart ipo i notice 99 speed mart near my place prices all up, this is a good sign that management care about the profit for share holders, buying 99smart shares will be good for long term.
Xuxu@: Brother, no share goes up and up without correction etc! What goes up very fast comes down even faster! It’s followed the step ladder phenomenon and that’s the way a good share moves!🙏🏼🙏🏼🙏🏼
But Xuxu how long should we hold this stock? I feel if it touches between 4 to 4.5 than run because we cannot compare it with stocks like MBB, PBB and TNB as these stocks have very good fundamentals and there’s no way one can go wrong. But please don’t get me wrong because if 99 starts making overseas investment and developing huge hypemarkets like IKEA ect than the sky is the limit. Remember that the man who started APPLE started it fr a garage and with very low profile and the rest is history. Only GOD can confirm judgements!🙏🏼🙏🏼🙏🏼
But the positive part of 99 is their Boss is cash rich or billionaire currently! So has to be thrift in making future investments. But normally watching people who c mada billions fr rags are extremely cautious so l feel that we have placed our money in a good counter. I’m very cautious when l make an investment and go into great details about its strength and character of those in charge. I have good vibes on this set up and there is nothing to worry about.🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼
If you read the history of 99 and DIY, DIY is worth 19.4 Billion and 99 19.1 Billion. It’s not very far from your each other. I’m not comparing or competing with each other but what I’m trying to impress is that both these companies are doing very well and have a good future. So let’s pray that both do very well for the sake of investors!🙏🏼🙏🏼🙏🏼🙏🏼
just do your homework and go and check the 99 speed mart near your place and you will find that all the prices have gone up. this shows that management is prioritizing share holders profits this means buying 99smart shares is a good choice and will grow in the future. what are you waiting for ? just buy and hold 99smart shares.
If you wish to make good money than wait till May 2025! Remember that today in Malaysia there is hardly any competition fr any other similar to99. Seven 11 and KK mart are no where in comparison. So this means 99 is going to rule for quite a period until they get a new competitor which is not so easy. This means it’s going to be a green light for 99 all the way. I’m not trying to promote 99 but lm talking fr real facts. Common Sense! Still time to buy!🙏🏼🙏🏼🙏🏼🙏🏼
Here are several key reasons why I believe stock 99 is poised for continued growth:
1. Funds Will Push the Price Up for KLSE Inclusion: In anticipation of KLSE index inclusion by November, funds are likely to push the stock price higher to meet the criteria for inclusion. This buying pressure will contribute to upward momentum.
2. Founder’s Strong Holding and Limited Retail Float: The founder controls over 80% of the shares, and with only 2.5% of the retail float available, there’s limited liquidity in the market. Additionally, 17% of shares are held by institutions who are likely not selling, further restricting available shares. This scarcity could drive prices higher as demand increases, especially when funds and mutual investors look to acquire shares.
3. Mutual Funds Have Yet to Include 99: Many mutual funds have not yet added 99 to their portfolios. Once the stock is confirmed for index inclusion, mutual fund buying could further fuel demand and push the price up.
4. Strong NTA: The company’s Net Tangible Assets (NTA) of 8.75 cents per share provide a solid foundation, supporting the stock’s valuation.
5. Strong Moat in the Mini-Market Segment: 99 has a 40% market share in the mini-market segment, which gives it a significant competitive edge. With further market share growth expected, this solidifies its long-term growth prospects.
6. Recession-Proof Business with Common Necessity Groceries: 99 operates in a recession-proof sector, primarily offering common and necessity groceries. This means that even during economic downturns, demand for its products remains stable, providing resilience against market volatility and making it a safer investment during uncertain times.
7. Branding and Awareness: 99 has established strong branding and awareness in Malaysia. It is a well-known name, and it's hard to find anyone in the country who isn’t familiar with the brand. This strong recognition can drive customer loyalty and repeat business, further enhancing its market position.
8. Budget 2025 and Government Salary Hike: With the upcoming Budget 2025 and anticipated government salary hikes, consumer spending on products is likely to increase. This boost in disposable income can lead to higher sales for 99, further supporting its growth trajectory.
@Antifanaticracism, we are not arguing whether high NTA or low NTA is good. My main point is 99speedmart 8.75sen NTA is not a solid foundation. I will calledit solid foundation is the NTA is 87.5sen. Just like QL, the share price is RM4.70, NTA is RM1.25. Although it share price is still 4 times of its NTA, but at least this RM1.25 NTA provide us a solid foundation. If today QL NTA is only 12.5sen, then I will said QL do not have a solid foundation.
Most companies won't want to hold high assets unless there are utility, plantation or property companies. Holding assets for nta is inefficient use of capital. It can become a burden or liability
They don't want to own the shop. All their rakes can be dismantled and moved. If one location not suitable, they just move to another location with minimum cost
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....
hughug
24 posts
Posted by hughug > 1 month ago | Report Abuse
@Ravetidus you are right it is 8.75 cents per share, so 1 lot will 8.75 dollars :)