99SpeedMart has already disclosed its initial prospectus to the Securities Commission.
Although seemingly small, 99SpeedMart
has already reached a revenue level of more than RM 8 billion.
It can truly compete with the majority of blue-chip stocks in terms of business volume.
It is also the largest among the locally listed retail companies.
Aeon and MrDiy, which are well-known, have annual revenues that are at a level of approximately RM 4-5 billion.
The gross margin of the retail industry generally varies with the sale of goods.
The gross margin of the retail industry generally varies at different levels depending on the commodities being sold.
For example,
the gross margin of dining retail is above 50%;
the gross margin of hardware retail/fashion retail should also be 40% or more;
the gross margin of department store retail/pharmacy retail is around 20-30%;
99SpeedMart is different,
even though the gross margin of the daily commodities they sell is close to 10%,
they excel in high customer retention rate and low operational expenses,
and
So the business model is easy to replicate.
Creating today's small store giant.
And it has transformed into the largest retail group in China.
(Compared to 7-11, KK, TF, Lotus, Aeon, Mydin, etc.)
In the profits of 99SpeedMart,
there is also a significant contribution from product placement fees (products li...