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According to analysis of one independent house, open too many outlets in short time plus the revenue growth per store is stagnant, 99 mart definitely doesn’t worth more than 1.80. Low NTA model as well..
@chuzhao Quiet, later SKL tekan lanpah till PECAH .. Didn't invest.. Was thinking it will go down till their price to buy. Last last now nearly rm3.. Cannot go down.
Maybe but when your read their management prospectus they got say is to repay bank debts and clear all of it after the IPO price listing. Now those SKL keep blow say will go 3.00/3.10/3.20 or higher sure either bought late or maybe near 2.30-2.5. Again price goes up to test how greedy no valid business support behind punya
8 billion shares and P/E going to 50. you say is greed or really business support. I no eyes see. Sometimes give reality check abit here so everyone can see for themselves and not just want higher because pocket not enough~~
U see so many newbies or 10 years experience also like newbies in Bursa, then we should know even big cap counters like 99 mart also being speculated to go up … Some research houses also given high TP to help to push them up…. :)
I think those who advice not to trade but stick to its true value are really good people and not emotional. Nowadays too many ppl bring emotion into trading or investing..... end up being kiasu or blind to the truth. Maybe thats why ppl always lose money. I guess nature ba, Kevin
I agree Kevin. Unlike DIY which has real growth based on real demands. If demands are pumped based on government stimulus, it's not real demand. Account this optics out of the economy and growth?? 99 will drop face flat to marble floor.
Johnson Loh may not be right but I think 99 is overvalued. 1.3 is too low la....... if recession only then possible. See EPF sell that much you will know something is up.
