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$YTL (4677.MY)$ really bad stock
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$99SMART (5326.MY)$ Lee Liang Hua, founder of 99 Speedmart, becomes Malaysia's second richest with a fortune of 26.97 billion ringgit!
According to the latest data before press time, Lee Liang Hua currently holds 79.68% of 99 Speedmart's shares directly and indirectly. The company's rising stock price has directly propelled his wealth to soar, even surpassing Robert Kuok, who has held the position of Malaysia's richest person for decades, placing him at second on the latest rich list, just behind the Kuan brothers.
Lee Jia Fa holds 76.63% of Econsave Market’s shares. Following the company’s listing, its market value surged to 7 billion ringgit, meaning his personal wealth instantly increased to over 4.94 billion ringgit, making him one of the top wealthiest individuals in Malaysia.
Moreover, the stock's outstanding performance after listing has pushed his personal wealth to jump onto the 14th spot of the latest rich list, which comes as no surprise.
The question arises: why are these two companies, specializing in low-cost essential goods, particularly favored by investors, leading to soaring stock prices?
This is mainly because affordable essential goods cater to the general public, where demand is extremely stable, indicating that related stocks possess strong defensive capabilities, sufficient to help investors withstand all kinds of storms in the financial markets.
Consumer stocks rise against the market due to domestic demand
In 2025, global financial markets will face numerous challenges, among which the most notable, and with the greatest impact, is undoubtedly the reciprocal tariff announced by US President Trump in early April, targeting multiple countries around the world.
In an instant, the global economy and financial markets plunged into tremendous...
According to the latest data before press time, Lee Liang Hua currently holds 79.68% of 99 Speedmart's shares directly and indirectly. The company's rising stock price has directly propelled his wealth to soar, even surpassing Robert Kuok, who has held the position of Malaysia's richest person for decades, placing him at second on the latest rich list, just behind the Kuan brothers.
Lee Jia Fa holds 76.63% of Econsave Market’s shares. Following the company’s listing, its market value surged to 7 billion ringgit, meaning his personal wealth instantly increased to over 4.94 billion ringgit, making him one of the top wealthiest individuals in Malaysia.
Moreover, the stock's outstanding performance after listing has pushed his personal wealth to jump onto the 14th spot of the latest rich list, which comes as no surprise.
The question arises: why are these two companies, specializing in low-cost essential goods, particularly favored by investors, leading to soaring stock prices?
This is mainly because affordable essential goods cater to the general public, where demand is extremely stable, indicating that related stocks possess strong defensive capabilities, sufficient to help investors withstand all kinds of storms in the financial markets.
Consumer stocks rise against the market due to domestic demand
In 2025, global financial markets will face numerous challenges, among which the most notable, and with the greatest impact, is undoubtedly the reciprocal tariff announced by US President Trump in early April, targeting multiple countries around the world.
In an instant, the global economy and financial markets plunged into tremendous...
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$YTL (4677.MY)$ Nearly 30% drop within 2 quarters makes it look like a loss making company, but it is not...
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$YTL (4677.MY)$ Don't panic, there are still many buyers. Holding on is winning!
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gaolaohuanxiang
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$SIA (C6L.SG)$ : Wow ! The air show is super effective. Must hold more air show in future !
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$YTL (4677.MY)$ It's been a few more months since I last came to see you 😞
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$YTL (4677.MY)$ Everyone is working together with one heart, holding onto their stocks like EPF, and gradually buying more to push the share price up...
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