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...

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Every company's financials tell a unique story, revealing important information about its revenue, assets, liabilities, and cash flow.
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US Stock Market Review 15 - 19 Apr 2024
DJI -0.08%, SP500 -3.05%, NASDAQ -5.52%. Market experienced selloff from mainly tech stocks, with NVDA fell more than 10% on last Friday, expect to see more volatility ahead on big tech earnings
Four of the Magnificent Seven group of tech giants will report this week: TSLA, META, MSFT GOOGL
Event to watch: 23 Apr S&P PMI & New Home Sales, 24 Apr Durable Goods Orders, 25 Apr GDP QoQ & initial jobless Claims, 26 Apr Core PCE Pri...

Hey, mooers! Welcome back to Moomoo's Feature Challenge, where we help you master powerful tools on moomoo and take on quiz challenges to win rewards!
Looking for a way to stay ahead in the fast-paced trading world? Our "Trend Projection" feature is the answer! By analyzing comparable stocks and historical trends, moomoo helps you make informed trading decisions with precision. Join us today and unlo...

Hello Malaysian Mooers! We're thrilled to announce that moomoo has quickly surpassed the incredible milestone of 100,000 clients in just six weeks since launch!
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Hello, Singapore mooers! 🎉
Today marks an extraordinary milestone for us - you can now officially trade Japanese stocks on moomoo!
Dive into the dynamic world of the Japanese stock market and expand your investment horizon. Embrace this new adventure with us and explore endless possibilities!
📊 How to Trade Japanese Stocks on moomoo？
1. Trading hours
• Morning session: 9:00 am-11:30 am JST (Singapore time: 8:00 am-10:30 a...

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