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Tesla
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Occidental Petroleum
-- 47.130 QL's retail gold hen FamilyMart is rising steadily.
#familymartmalaysia
In 2016, QL introduced FamilyMart, and in the following years, its valuation steadily increased, peaking at nearly 70 times in 2020. Over the next 4 years, it entered a stage of debt repayment, striving to catch up with the valuation in profitability.
In October 2020, the stock price once reached a historical high of RM7.20, equivalent to the current RM4.80. After years of hard work, QL's net income for the full year also grew from RM239 million in FY2020 to the current RM458 million (TTM over the past 12 months). The valuation also dropped from its peak of 70 times to around 39 times now.
Over the past 5 years, FamilyMart's profit growth nearly quadrupled, accounting for 16.3% of revenue in 2024, increasing to 17.5% in the first half of FY25. The convenience store model of FM has entered a mature growth phase and is expected to gradually grow revenue to account for 20% of the company in the coming years.
Over the past few years, QL's management has also been actively expanding into green energy business at its subsidiary BMGREE, which will be the growth engine for the next 2 - 3 years. Additionally, QL's latest market cap ranking is 30th in Bursa Malaysia, and in 6 months, it will face pursuit from AMBANK, which currently ranks 28th in market cap.
In the money market's turbulent society, QL's corporate spirit and consistent stability over the past 20 years are truly unique. Hopefully, its profits will continue to grow steadily in the coming years and maintain its position among the top 30 blue chips. Keep it up.
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