afraid it might open with price to high and after market correction need 5-6 years to barely get back what we have initially invested.
Then again Tan Sri Vincent Tan might be worth investing in because he is the 10th richest in Malaysia and surely has his plans for years to come...
Personally I wont go buying the IPO. Too much of a risk. I think most investors would think the same way and this would cause the share price to drop early and only gain momentum as it has proven itself market worthy. Which can take years.
7-Eleven, part of Berjaya Retail, is Malaysia's single largest convenience store chain with some 1,300 outlets, according to its official website.
It posted net profit of RM36.7 million on revenue of RM1.3 billion in 2010, according to a previous filing to the local stock exchange.
Tan, Malaysia's tenth richest person according to Forbes, took Berjaya Retail private in 2011, nine months after the company was first listed on Aug 16, 2010 due to the dismal performance of the shares. – Reuters, August 15, 2013
retail industry usually have positive impact especially with 1300 stores nationwide alltough facing tough competition with Mymydin and 99 speed marts I'm in based on current trend of BJAUTO and CARING
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 kingdompeace > 2014-01-19 18:50 | Report Abuse
how u guys think about 7-11 ipo? izit worth to go? competition in this industry seem like very tough