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Kucingko Bhd is expected to officially start trading on July 26. According to the animation production house company, it has received 21,929 applications for 2.5 billion shares, far exceeding the 25 million shares available for public subscription.
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The stock price has already reflected bright prospects. The valuation in the convenience store sector is high.
(Kuala Lumpur, 18th) In recent years, the convenience store sector in our country has seen a variety of developments, with bright growth prospects. However, analysts considering the valuation has become expensive, thus maintaining a 'neutral' rating.
In its latest report, Lion Capital International Investment Bank Research pointed out that the convenience store sector in our country is highly competitive, mainly dominated by large chain convenience store brands. At the same time, there are many small chain stores and independent stores operating locally in each state participating in the industry.
Analysts explained that these establishments categorized in the convenience store sector all have significant characteristics, namely longer operating hours compared to other retailers such as supermarkets and minimarts, to meet the consumers' needs anytime.
In terms of the number of stores, 7-Eleven convenience store is still the leader, operating 2,581 stores.
Focus on fresh food.
With the rapid development in the convenience store sector, competition among various businesses has become increasingly fierce, leading to the adoption of a key innovative measure, focusing on supplying higher-margin fresh food, with a total profit margin of about 35%, to boost income and profit growth.
According to analyst observations, in the tracked convenience stores, sales of fresh food account for about 30% to 50% of the revenue in stores mainly focused on this, however, it only accounts for 5% to 10% of revenue in traditional stores.
Looking ahead, analysts believe that with the urbanization trend and increasing disposable income in our country, the demand for convenience continues to rise. Major chain convenience stores are actively expanding new healthy stores, brightening the growth prospects in this sector.
According to...