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CNY sales in next quarter result, Raya also in March, so it will be included, for sure it will jack up the stock price coming days
now is collection period
99 HOLDINGS REPORTS 22.5% PAT GROWTH FOR FYE2024
Normalised PAT for FYE2024 increased by 27.7% to RM512.4 million
Full-year revenue grew 8.3% to RM9.98 billion
One-off expenses of RM26.5 million, including special bonus to employees and IPO listing
expenses
252 new outlets opened in 2024, on track to hit 3,000 target by end 2025
But even profit increased, EPS per year too small, only 5.7sen.. if let say distributed 50%, dividend yield only 1%. Together with PE by 38, this meaning current share price already reflected very far future performance.
For long term value investors, when it’s PE around 25, and EPS is sufficient to distribute 3 to 5 % dividend yield, only consider good enter point.
The result is ok but 99 Mart is rich valuation at 2.10-2.20… Once more than 3000-3100 outlets , the growth of revenue n per store sales n per store operating profit should be very slow…. Now Mr market give low valuation to many consumer counters maybe worry about after June, normalise Ron 95 price affect consumers purchasing power…
as usual when stock price rose ahead of expected result, keeping for longer term will be fine, agreed on the number of outlet increased will eventually reflecting market spending saturation