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$99SMART (5326.MY)$
The third quarter financial report of 99 Speed Mart Retail Holdings Berhad for the year 2024 reveals the company's financial performance and operational situation during that period. Here is a summary of key information and investment analysis:
Financial summary
- Income and profit growth
✅ - This quarter: income of 2.55021 billion ringgit, an 8.8% year-on-year increase; gross profit of 0.219736 billion ringgit, an increase of 1.3% year-on-year; operating profit of 0.478856 billion ringgit, an 8.6% year-on-year increase. Net income of 0.10716 billion ringgit, a 3.5% year-on-year decrease; excluding one-time charges, normalized net income is 0.126 billion ringgit, a 13.2% year-on-year increase.
✅ - Nine months cumulative: income of 7.39395 billion ringgit, an 8.7% year-on-year increase; gross profit of 0.692973 billion ringgit, an increase of 10.0% year-on-year; operating profit of 1.437028 billion ringgit, an increase of 14.4% year-on-year. Net income of 0.365847 billion ringgit, a 24.6% year-on-year increase; after excluding one-time charges, normalized net income is 0.386 billion ringgit, a 31.2% year-on-year increase.
- Cost Analysis
❌ - This quarter: Sales cost 2.330474 billion ringgit, a year-on-year increase of 9.6%; administrative and other operating expenses 0.322391 billion ringgit, a year-on-year increase of 14.8%, including 2320...
The third quarter financial report of 99 Speed Mart Retail Holdings Berhad for the year 2024 reveals the company's financial performance and operational situation during that period. Here is a summary of key information and investment analysis:
Financial summary
- Income and profit growth
✅ - This quarter: income of 2.55021 billion ringgit, an 8.8% year-on-year increase; gross profit of 0.219736 billion ringgit, an increase of 1.3% year-on-year; operating profit of 0.478856 billion ringgit, an 8.6% year-on-year increase. Net income of 0.10716 billion ringgit, a 3.5% year-on-year decrease; excluding one-time charges, normalized net income is 0.126 billion ringgit, a 13.2% year-on-year increase.
✅ - Nine months cumulative: income of 7.39395 billion ringgit, an 8.7% year-on-year increase; gross profit of 0.692973 billion ringgit, an increase of 10.0% year-on-year; operating profit of 1.437028 billion ringgit, an increase of 14.4% year-on-year. Net income of 0.365847 billion ringgit, a 24.6% year-on-year increase; after excluding one-time charges, normalized net income is 0.386 billion ringgit, a 31.2% year-on-year increase.
- Cost Analysis
❌ - This quarter: Sales cost 2.330474 billion ringgit, a year-on-year increase of 9.6%; administrative and other operating expenses 0.322391 billion ringgit, a year-on-year increase of 14.8%, including 2320...
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Bitcoin is scratching the $100,000 milestone for the first time ever. Is it a sign of finally becoming mainstream or not? And what’s behind? Let’s take a look.
Bitcoin’s value has increased by almost 160% this year alone and it’s a matter of time before it will hit the $100,000 mark.
What are the drivers behind this spectacular rise?
1. There are high expectations from the newly US elected government that they will take a very friendly crypto approach. The optimism...
Bitcoin’s value has increased by almost 160% this year alone and it’s a matter of time before it will hit the $100,000 mark.
What are the drivers behind this spectacular rise?
1. There are high expectations from the newly US elected government that they will take a very friendly crypto approach. The optimism...
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Do anyone here trade until you’re holding your stocks for free? 😄
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(Kuala Lumpur, 26th) Rakuten Trade stated that the IPO fever in Malaysia in 2024 is unstoppable, attracting active participation from institutional investors and retail investors, showcasing the strong potential of the capital markets.
Liu Songzeng, Sales Manager of Rakuten Trade Securities, mentioned in the article today that this trend reflects investors' confidence in the Malaysian stock market. Supportive policies, clear government business framework, robust economic fundamentals, and attractive valuations are key factors for market prosperity.
"These factors have collectively driven net inflows of foreign funds and enhanced investors' confidence in Malaysian stocks."
To better support investors, Rakuten Trade will provide comprehensive pre-listing analysis, knowledge, and tools; release concise research reports and target prices on the listing day, and waive brokerage fees for the same day trades.
From the beginning of the year until now, the Malaysian stock market has completed 45 IPO listings, with another 5 (Cropmate, Carlo Rino, Winstar, Top Vision, and TMK Chemical) expected by the end of the year. A total of 50 IPO listings are expected for the whole year, positioning Malaysia as a leader in the regional IPO market.
According to the drafted prospectus already disclosed, the Malaysian stock market is expected to experience another IPO peak in 2025, surpassing the record set this year in terms of quantity.
Previously, Bursa Malaysia set a target of 50 IPO listings in 2025, which is expected to be achieved this year...
Liu Songzeng, Sales Manager of Rakuten Trade Securities, mentioned in the article today that this trend reflects investors' confidence in the Malaysian stock market. Supportive policies, clear government business framework, robust economic fundamentals, and attractive valuations are key factors for market prosperity.
"These factors have collectively driven net inflows of foreign funds and enhanced investors' confidence in Malaysian stocks."
To better support investors, Rakuten Trade will provide comprehensive pre-listing analysis, knowledge, and tools; release concise research reports and target prices on the listing day, and waive brokerage fees for the same day trades.
From the beginning of the year until now, the Malaysian stock market has completed 45 IPO listings, with another 5 (Cropmate, Carlo Rino, Winstar, Top Vision, and TMK Chemical) expected by the end of the year. A total of 50 IPO listings are expected for the whole year, positioning Malaysia as a leader in the regional IPO market.
According to the drafted prospectus already disclosed, the Malaysian stock market is expected to experience another IPO peak in 2025, surpassing the record set this year in terms of quantity.
Previously, Bursa Malaysia set a target of 50 IPO listings in 2025, which is expected to be achieved this year...
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$Ocean Power Technologies (OPTT.US)$
Wooo! Penny stocks are scary but damn are they good to gain quickly
Wooo! Penny stocks are scary but damn are they good to gain quickly
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$GameStop (GME.US)$ now I regret selling for capital boost profit too soon and reenter with higher cost 🤪 Was 25, sold 28, reenter at 26. LFG GME
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