Malaysia's biggest IPO in 7 years: What's your take?

Hi, mooers!

99 Speedmart dominates the mini-mart sector with the highest number of outlets. Founded in 2000 by Lee Thiam Wah, the brand focuses on serving local communities. With 2,542 outlets across Malaysia, it significantly outpaces competitors and plans to open 250 new outlets each year. In 2022, it held a 37.9% market share in the mini-market sector and 75.4% among chain brands.

Retail companies that attract the market typically have a stable customer base, efficient operations, solid financials, continuous expansion, and reasonable valuations. Above are the key highlights of 99 SM that fit these criteria:

💡 Reasons to choose Moomoo MY for IPO subscriptions:

1. No Fee: During the promotion period, there will be no subscription fee for participating in Malaysia IPO subscriptions.🎉

To check all ongoing Malaysia IPO subscriptions in the moomoo app, follow the steps below:

Method 1: Go to the Accounts tab > CDS Account-IPO > More > IPO

Method 2: Go to the Markets tab > MY > IPO > Available tab > Subscribe