Kimmy87
commented on
99SpeedMart has disclosed the first version of its prospectus to Securities Commision,
99SpeedMart looks like a sparrow but is small
Its turnover level has reached more than RM 8 billion,
In fact, it is comparable to the volume of business of the vast majority of blue chip stocks.
It is also among the retail companies listed locally,
The one with the highest throughput,
The well-known Aeon, MrDiy, has an annual turnover of around RM 4 to 50 billion.
The gross margin of the retail industry is generally at different levels depending on the products sold.
For example,
The gross margin of food and beverage retail is above 50%;
Hardware retail/fashion retail should also be 40% or more;
Department store/pharmaceutical retail sales are around 20-30%;
99SpeedMart is a different approach,
Although the gross margin of daily necessities sold is only close to 10%,
However, the advantage lies in the high customer return rate,
The amount of operating expenses is small,
Therefore, the business model is easy to replicate,
It created today's small store Big Mac,
It has transformed into the largest retail group in the country.
(Compare 7-11, KK, TF, Lotus, Aeon, Mydin, etc.)
Among 99SpeedMart's profits,
There is also a very large contribution from product listing costs (products li...
99SpeedMart looks like a sparrow but is small
Its turnover level has reached more than RM 8 billion,
In fact, it is comparable to the volume of business of the vast majority of blue chip stocks.
It is also among the retail companies listed locally,
The one with the highest throughput,
The well-known Aeon, MrDiy, has an annual turnover of around RM 4 to 50 billion.
The gross margin of the retail industry is generally at different levels depending on the products sold.
For example,
The gross margin of food and beverage retail is above 50%;
Hardware retail/fashion retail should also be 40% or more;
Department store/pharmaceutical retail sales are around 20-30%;
99SpeedMart is a different approach,
Although the gross margin of daily necessities sold is only close to 10%,
However, the advantage lies in the high customer return rate,
The amount of operating expenses is small,
Therefore, the business model is easy to replicate,
It created today's small store Big Mac,
It has transformed into the largest retail group in the country.
(Compare 7-11, KK, TF, Lotus, Aeon, Mydin, etc.)
Among 99SpeedMart's profits,
There is also a very large contribution from product listing costs (products li...
Translated
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Kimmy87
liked
The stock market just had its biggest fall in over a month, with the tech-heavy $Invesco QQQ Trust(QQQ.US$ index dropping by 1.79%. $Apple(AAPL.US$, one of the biggest companies in that index, saw its share price fall by almost 3%. It shows that having a lot of your investment in a few big companies can sometimes backfire. This drop marks the second day in a row where more stocks were being sold off than bought.
I noticed that the number of stocks hitting their low...
I noticed that the number of stocks hitting their low...
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Kimmy87
liked
$Tesla(TSLA.US$ share price has been hit and hammered down by a magnitude of around 15% after the lower-than-expected quarterly results.
While there are various types of comments that slam the performance of the largest EV maker , i opine that we should break apart Tesla’s figure so that we can have a clearer view on it’s performance.
The Positives
🚗 Third highest revenue record.
🚗 R&D expenditure continue to scale up, computing facilities doubled compared to Q2,
🚗Strong free...
While there are various types of comments that slam the performance of the largest EV maker , i opine that we should break apart Tesla’s figure so that we can have a clearer view on it’s performance.
The Positives
🚗 Third highest revenue record.
🚗 R&D expenditure continue to scale up, computing facilities doubled compared to Q2,
🚗Strong free...
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Kimmy87 Ryan Law: No, Moomoo is nominee, not direct.