For Long-Term Investors (5+ years) If you are concentrating on the long term, you can look at weakening consumer demand as an opportunity rather than a problem. The economy will recover eventually, and so will consumer spending. The question is, which companies will bounce back? We would say the most likely candidates are those with very strong brands and a good e-commerce strategy.
Cheetah will benefit from trading down e.g. from uniqlo, adidas, puma to cheetah :)
Consumers are “Trading down”, but not all discount options have benefitted When consumers start to feel the pinch, they often ‘trade down’ - i.e. they start shopping at stores that offer better value. This can benefit discount retailers and other retailers that are perceived to offer better value. The same phenomenon occurs in the restaurant industry with companies like Mcdonalds ( NYSE:MCD ) and Wendy’s ( Nasdaq:WEN ) benefitting at the expense of premium restaurants (many of which are unlisted). It’s also likely that healthy eating becomes less of a concern when budgets are tight.
IN a XOX Bhd-led initiative and driven by the initial success of its BLACK Market marketplace where revenue scaled triple digit growth month-on-month (mom) since its launch in December 2020, three companies – Cheetah Holdings Bhd, XOX and Lambo Group Bhd – entered into a tripartite collaboration.
This collaboration is to mirror its earlier success by targeting an immediate launch of a new look, full suite and automated Cheetah Online Store, slated to be launched by next quarter.
With over 1,000 stock-keeping units (SKUs) spanning across four major brand silos and five sub brands, Cheetah is moving to emulate other apparel brands to begin grabbing the online apparel market share, which is expected to hit over RM4.5 bil in 2021.
This is as online shopping for clothes has become increasingly popular while shopping malls and standalone outlets succumb to lower foot traffic and COVID-19 pandemic scares. Furthermore, statistic expects the user penetration to exceed 30% by 2021.
The consortium is targeting an immediate rollout by early second quarter of 2021.
This project will see each of the three companies pool their resources, talents, technology know how and industry expertise to give rise to a collective model with independent revenue streams to counter moves already made by Uniqlo, Zara and Zalora.
Meanwhile, Cheetah aims to remodel and revamp its brands to be more receptive of the current trends, focusing on online business and the dynamic youth market, increasing its revenue per customer by bundling and brand re-imagination.
XOX lends its two million strong customer base, extensive dealer network exceeding 20,000 dealers nationwide and also its e-wallet to provide consumers with bundled discounts, transaction benefits and a ready captive audience.
As for Lambo, it will lend its machine learning model, last mile delivery and explore collectively a bulk breaking, inventory management and e-fulfillment silo operation to cater for what would be an anchor client.
“This concerted effort represents a turnkey solution to provide all three companies with an immediate boost to revenue, product and presence,” said CEO of XOX Ng Kok Heng.
“Additional product will lift our average revenue per user (ARPU) significantly, as customers spend more using digital means.”
Ng added that their e-wallet along with their dealer network will be instrumental in escalating this project.
The revamped and new look platform is expected to be launched by April 2021.
In addition, the flow on effect will see Cheetah have immediate access to an excess of two million online customers being exposed to the latest design and trends. –
Anak menantu sabri pun berada dalam cheetah:) tunggu harga syernya lompat macam Cheetah:)
Cheetah Holdings Bhd has made its first strides into the upscale clothing market with the launch of Cheetah Exclusive, its first exclusive collection for mens and ladies by renowned designer Datuk Jovian Mandagie. The company, which is known primarily for its flagship Cheetah brand across Malaysia, enters the upscale clothing industry bolstered by its confidence that the Malaysian fashion retail market will continue to grow in 2023 and beyond. (NST)
Cheetah Apparel www.cheetah.com.my Cheetah Apparel | Sports and Casual Wear | Shop Online Explore our sports and casual collection from a variety of brands. Shop online with Cheetah fashion now! Free Delivery West
Cheetah Apparel https://www.cheetah.com.my Cheetah Apparel | Sports and Casual Wear | Shop Online Explore our sports and casual collection from a variety of brands. Shop online with Cheetah fashion now! Free Delivery West
Profile for Securities of PLC Instrument Category : Securities of PLC Instrument Type : Warrants Description : BONUS ISSUE OF FREE WARRANTS IN CHEETAH HOLDINGS BERHAD ("CHEETAH" OR THE "COMPANY") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN CHEETAH HELD BY THE ENTITLED SHAREHOLDERS OF CHEETAH AT 5.00 P.M. ON 21 APRIL 2022 ("BONUS ISSUE OF WARRANTS") Initial Listing Information : Listing Date : 27/04/2022 Issue Date : 25/04/2022 Issue / Ask Price : Not Applicable Issue Size in Unit : 243,117,614.0000 Maturity Date : 24/04/2025 Revised Maturity Date : Name of Guarantor: Not Applicable Name of Trustee: Not Applicable Coupon/Profit/Interest/Payment Rate: Not Applicable Coupon/Profit/Interest/Payment Frequency: Not Applicable Redemption: Not Applicable Exercise/Conversion Period : 3.00 Year(s) Revised Exercise/Conversion Period : Not Applicable Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.1800 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : Each Warrant carries the entitlement to subscribe for 1 new Share at an exercise price of RM0.18 at any time during the period commencing from and including 25 April 2022 (being the date of issuance of the Warrants) to the close of business at 5.00 p.m. on 24 April 2025 (being the expiry of the tenure of the Warrants) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 18 April 2022. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.This announcement is dated 26 April 2022. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
CHEETAH Dividend History Date Financial Year Ex-Date Entitlement Date Payment Date Entitlement Type Dividend (Cent) Dividend (%) Details 24 Oct 19 30 Jun 19 12 Dec 19 13 Dec 19 24 Dec 19 Final Dividend 0.4000 0.00 Malaysia Stock - Dividend 17 Oct 18 30 Jun 18 05 Dec 18 07 Dec 18 12 Dec 18 First and Final Dividend 0.4000 0.00 Malaysia Stock - Dividend 30 Oct 17 30 Jun 17 04 Dec 17 06 Dec 17 20 Dec 17 Final Dividend 0.6000 0.00 Malaysia Stock - Dividend 26 Oct 16 30 Jun 16 30 Nov 16 02 Dec 16 21 Dec 16 First and Final Dividend 0.7500 0.00 Malaysia Stock - Dividend 22 Oct 15 30 Jun 15 30 Nov 15 02 Dec 15 16 Dec 15 First and Final Dividend 0.7500 0.00 Malaysia Stock - Dividend 24 Oct 14 30 Jun 14 27 Nov 14 01 Dec 14 12 Dec 14 First and Final Dividend 1.2500 0.00 Malaysia Stock - Dividend 31 Oct 13 30 Jun 13 29 Nov 13 03 Dec 13 23 Dec 13 First and Final Dividend 2.3500 0.00 Malaysia Stock - Dividend
KUALA LUMPUR (June 30): Chia Kee Foo has resigned as Cheetah Holdings Bhd’s chairman and managing director effective today to pursue his private interests.
In a statement today, the group said Chia founded Cheetah in 1979 and led the group for 42 years.
Victor Lim, currently the chief operating officer of Cheetah Corporation (M) Sdn Bhd, will be redesignated as the chief executive officer of the group going forward, said the clothes retailer.
Shares of Cheetah settled 16 sen or 7.69% lower at RM1.92 today, giving it a market capitalisation of RM245.03 million.
Cheetah’s share price rose sharply on Monday (June 28) and yesterday (Tuesday, June 29), following the group’s announcement on Friday (June 25) of several corporate exercises, including a bonus issue of new shares and warrants.
CHEETAH - Trading Halt and Resumption of Trading CHEETAH - Trading Halt and Resumption of Trading ILC-29112022-00011 Kindly be advised that trading in CHEETAH's securities will be halted with effect from 9.00 a.m., Tuesday, 29 November 2022. Trading in the Company's securities will resume with effect from 10.00 a.m., Tuesday, 29 November 2022. Your attention is drawn to CHEETAH's announcement dated 28 November 2022. SVP, Issuers You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
KUALA LUMPUR (Jan 31): Lambo Group Bhd’s external auditor has expressed a disclaimer of opinion in the group’s financial statement due to lack of audit evidence on financials relating to its subsidiary Fujian Accsoft Technology Development Co Ltd.
CAS Malaysia PLT expressed the disclaimer of opinion in Lambo’s financial statement for the 16-month period ended Sept 30, 2022, said Lambo in a bourse filing.
China-based Fujian Accsoft, an indirect wholly-owned subsidiary of Lambo, was in the spotlight in July last year when China’s Ministry of Finance said the company’s audited financial statements for 2016, 2017 and 2018 were falsified and a penalty was imposed on its auditor.
CAS Malaysia said it was not able to gather sufficient appropriate audit evidence to verify Fujian Accsoft’s financials up to the date it was deregistered or wound up in China last May.
“We have tried to communicate with the legal representative of the Fujian Accsoft to request for the management account for current period and prior year. However, there has been no reply from the legal representative of Fujian Accsoft,” said the auditor.
“Furthermore, we have communicated with the prior year component auditor of Fujian Accsoft in regards to this matters. They had informed us that they were not appointed as the current financial period auditor and they were unable to contact the legal representative of Fujian Accsoft,” it added.
CAS Malaysia also said it has not received satisfactory responses from Lambo’s directors.
“As we were unable to obtain sufficient appropriate audit evidence on the findings by China’s Finance Ministry and inability of the management to provide the relevant financial statements of Fujian Accsoft, we therefore do not express an opinion on these financial statements,” it said.
CAS Malaysia noted that with Fujian Accsoft deregistered, Lambo has booked a loss on deregistration of RM3.96 million as at Sept 30, 2022.
However, the auditor said it was not able to ascertain the accuracy, completeness and validity of this amount due to the non-availability of Fujian Accsoft financial statements.
CAS Malaysia also raised a matter relating to Lambo’s other investment as its basis for disclaimer of opinion.
The auditor pointed out that Lambo had acquired 212.96 million shares or a 23.27% stake in a public-listed company.
CAS Malaysia opined that this investment should be recognised as “investment in associates and to be equity accounted in Lambo’s financial statements.
However, Lambo’s directors are of the view that this investment should be classified as “financial instruments”.
“Therefore, we were unable to obtain sufficient appropriate audit evidence to ascertain the classification and measurement of the other investment,” said CAS Malaysia.
Lambo’s largest shareholder is Cheetah Holdings Bhd, with a 21.2% stake, followed by Lambo executive director Koo Kien Yoon with 7.05%.
Apart from Koo, Lambo also has another executive director, Chinese national Zhuang GuoHua, who was appointed in May 2017.
With CAS Malaysia’s disclaimer of opinion on Tuesday, Lambo announced that it is now a Guidance Note 3 company, and it is required to submit a regularisation plan to Bursa Malaysia within 12 months.
Shares of Lambo closed half sen or 9.1% lower at five sen on Tuesday, giving the group a market capitalisation of RM77 million.
Lambo says not aware of any wrongdoing in China subsidiary
Lambo reaches out to China's finance ministry, auditors over subsidiary's alleged wrongdoing
The clothes retailer's stake in Lambo Group previously stood at 18.14% or 279.5 million shares prior to the acquisition, according to its announcement to Bursa Malaysia on Thursday. Following the latest acquisition, Cheetah Holdings now has 302.5 million shares in Lambo Group, in addition to 95.8 million warrants C.13 Jan 2022 https://www.theedgemarkets.com › ... Cheetah Holdings ups stake in Lambo Group to 19.64% - The Edge Markets
KUALA LUMPUR: Lambo Group Bhd has triggered the criteria pursuant to Rule 2.1(f) of Guidance Note No. 3 (GN3) of the ACE Market Listing Requirements of Bursa Securities.
“Bursa Securities would like to emphasise that it will continue to monitor the progress of Lambo in respect of its compliance with the Main Market Listing Requirements,” Bursa Malaysia said in a statement.
As at Feb 2, there are a total of 28 companies under PN17 and GN3 which represent 2.94% of the total number of 951 companies listed on the Main and ACE Markets of Bursa Securities.
SINGAPORE (Dec 28): John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.28 Dec 2022
Penny stock crash mastermind John Soh sentenced to 36 ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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For Long-Term Investors (5+ years)
If you are concentrating on the long term, you can look at weakening consumer demand as an opportunity rather than a problem. The economy will recover eventually, and so will consumer spending. The question is, which companies will bounce back? We would say the most likely candidates are those with very strong brands and a good e-commerce strategy.