MrDIY 2 in the making?

The hype is finally here! one of the biggest chain stores in Malaysia, 99SM has gained a lot of attention prior to the IPO.

people always compare IPO using PE, with estimated PE of 35 and listing price of 1.65, it's surely on the high side of value, making people doubt it's ability and room to grow.

I always look at a company with it's future potential. A company with a good future, PE 50 is still considered normal.

What amazed me the most is the ability for this company to maintain 5% of profit margin. From it's prospectus, if they really mean what they say, double digit profit margin is possible in future!