post mco result is lower than during mco, what a disappointment lack of business synergies from acquired business units, low overseas contribution and laid back management depending too much from 99SP group is not sufficient the only positive is higher cashflow
KUALA LUMPUR (Sept 10): When the Malaysian retail industry experienced its worst performance in over two decades in 2020 contracting by 16.3%, the industry had expected to only recover to pre-pandemic levels in 2024.
However, the latest edition of the Malaysia Retail Industry Report published by Retail Group Malaysia (RGM) revealed that the first quarter of 2022 (1Q2022) and 2Q2022 growth numbers were solid, expanding year-on-year by 18.3% and 62.5% respectively. With retailers expecting yet another jump of 61.7% in the third quarter, RGM is now confident that the industry will recover to levels achieved in 2019 — the year before the pandemic.
-Key clients are 99 Speedmart, Aeon Big, Giant, 7-Eleven, Cold Storage, Guardian and Parkson which Malaysia is the main revenue. While in Thailand, 2 F&B outlets of a prominent food court operation making healthy progress. -Also, the founder of the 99 Speedmart retail chain, Lee Thiam Wah, has emerged as the third biggest shareholder in retail technology solutions provider Radiant Globaltech Bhd (RGTech), with a 15.77% stake.
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....
Posted by Faiza > 2022-05-06 19:24 | Report Abuse
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