99 Speed Mart Enters China With First Outlet In Fuzhou Fujian


 
KENANGA is positive on 99 Speed Mart Retail’s foray into China, considering the matured stage of its domestic market in Malaysia. That said, we are cognisant of the execution risks in China. 

The earnings impact is expected to be muted in the near term, but could turn out to be the next big leg of growth if its success is replicated there. We continue to like 99SMART as the major proxy to capture the resilient consumer spending in Malaysia.
99SMART has extended its footprint into China by opening its first outlet in Fuzhou, Fujian, on 31 Aug (Figures 1-6). “We are not entirely surprised by the move, as the group – during its 2Q25 results announcement – outlined its vision to expand the business beyond domestic borders, and has been exploring various opportunities,” said kenanga.
Whilst we are positive on the venture as a step forward to foster and sustain its longer-term earnings growth, we remain well cognisant of the execution risks and challenges in the competitive China market. 
We understand the China operation will be wholly owned by 99SMART. It has not set a specific store opening target, and the pace of expansion there will depend on the performance of the first few outlets.
Hence, the initial capex and earnings impact should be minimal until the expansion pace is accelerated. Its balance sheet (net cash of MYR836m as of 2Q25) is sturdy enough to support the expansion. 

Based on our quick checks, we are not able to identify any prominent or major mini-market chain players in Fujian. This could indicate that the industry is currently dominated by independent (mom-and-pop) players and/or the consumer preference for grocery shopping is with the larger-scale supermarkets.
Hence, the opportunities could be huge (>40m population in Fujian) if 99SMART’s success at home is replicated in China, by consolidating the industry or driving a favourable switch in consumer preference there.
That said, it remains to be seen how the group can commit to its ethos of “near and save”, as it may not be able to leverage much on its existing scale of operations to secure competitive unit costs with grocery products typically sourced locally. — Focus Malaysia


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2025/09/99-speed-mart-enters-china-with-first.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Anwar Arrives In Tianjin For Sco Summit Strengthening Ties With China

Anwar Arrives In Tianjin For Sco Summit Strengthening Ties With China

papar berkaitan - pada 1/9/2025 - jumlah : 3979 hits
Prime Minister Datuk Seri Anwar Ibrahim arrived in Tianjin China after attending the National Day 2025 celebration at Dataran Putrajaya earlier on Sunday to kick start a four day working visit to China
A Road Trip With My First Ev The Good Bad Ugly

A Road Trip With My First Ev The Good Bad Ugly

papar berkaitan - pada 4/9/2025 - jumlah : 2805 hits
The future is electric but my journey showed the country needs more Nur Hotels and less black spots like the one at Bukit Tinggi The views expressed are those of the writer and do not necessarily reflect those of MMKtT
Health At Your Fingertips Ringconn The World S First Ultra Thin Smart Ring With Sleep Apnea Monitoring

Health At Your Fingertips Ringconn The World S First Ultra Thin Smart Ring With Sleep Apnea Monitoring

papar berkaitan - pada 3/9/2025 - jumlah : 4647 hits
Hi Everyone AECO Technologies the authorised distributor of RingConn has officially launched the RingConn Gen 2 and Gen 2 Air the world s first ultra thin smart ring equipped with sleep apnea monitoring and industry leading battery life Rec...
I Want This To Really Work Anwar Tells Xi Malaysia To Fast Track Cooperation With China

I Want This To Really Work Anwar Tells Xi Malaysia To Fast Track Cooperation With China

papar berkaitan - pada 3/9/2025 - jumlah : 180 hits
Prime Minister Datuk Seri Anwar Ibrahim meets with Chinese President Xi Jinping at the Great Hall of the People in Beijing on September 2 2025 Bernama picBEIJING Sept 2 Datuk Seri Anwar Ibrahim expressed confidence that Malaysia s relations...
Bullying In Malaysia Must Be Addressed With Urgency Says Unicef

Bullying In Malaysia Must Be Addressed With Urgency Says Unicef

papar berkaitan - pada 28/8/2025 - jumlah : 1811 hits
KUALA LUMPUR Bullying must be addressed with urgency Unicef warns emphasising that the problem poses serious risks to children s safety and well being in Malaysia Expressing his deep concern and sadness over recent reports of bullying among...
Delicious Healthy Easy Dinner Recipes With Ground Beef

Delicious Healthy Easy Dinner Recipes With Ground Beef

papar berkaitan - pada 30/8/2025 - jumlah : 4225 hits
Ever wondered how to create a truly unforgettable dish What if I told you the key to this incredible flavor is something you probably already have This isn t just another healthy easy dinner recipes with ground beef it s a culinary journey ...
Tree Falls On Car In Cameron Highlands 2 Escape With Minor Injuries

Tree Falls On Car In Cameron Highlands 2 Escape With Minor Injuries

papar berkaitan - pada 30/8/2025 - jumlah : 2165 hits
Two foreigners escaped with minor injuries after a tree fell onto their car at Batu 28 Jalan Tapah Ringlet in Cameron Highlands today Pix courtesy of Fire and Rescue DeptCAMERON HIGHLANDS Two foreigners sustained minor injuries after a tree...
Curb Symbolic Logo Identity How Real Estate Brands Can Stand Out With Meaningful Design

Curb Symbolic Logo Identity How Real Estate Brands Can Stand Out With Meaningful Design

papar berkaitan - pada 27/8/2025 - jumlah : 1940 hits
Hey There Let s Start with a Little About Me Hello my name is Rianello and I m a freelance writer from
Saying More With Less On Grave Threats To Constitution

Saying More With Less On Grave Threats To Constitution

papar berkaitan - pada 30/8/2025 - jumlah : 1602 hits
The decisions of former chief justice Tengku Maimun Tuan Mat when she helmed our apex court for six years made us feel our Constitution was alive and well again after being trampled over in the past When addressing an Allianz Centre for Gov...
Alat Pengehad Kelajuan Mula Berkuat Kuasa 1 Oktober 2025 Loke

Ketua Bersatu Pahang Dikatakan Mahu Sertai Pas

Sarang Warga Asing Kampung Madura Diserbu Pati Beranak Pinak Dicekup

Kontroversi Hutang Intan Najuwa Giliran Rizman Ruzaini Pula Bersuara Saya Tak Tahu Menahu Pasal Tu

Pekasam Puyu

Visit Malaysia 2026 To Make Malaysia A Destination The World Remembers Says Tourism Minister

Are Detractors Claiming 300 Litre Mth Budi95 Ain T Enough Going On Trans Continental Expeditions

Pahang Bersatu Chief Denies Plans To Join Pas


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Cekodok Pisang Rangup Di Luar Dan Tanda Kematian

Top Reasons Online Casino Malaysia Has Become A Preferred Choice For Gamblers

Jemput Trump Waktu Terbaik Bincang Isu Negara Bergolak Tegaskan Pendirian Malaysia Fahmi

Selepas Setahun Terima Kasih Allah Beego Kongsi Foto Bersama Linda Hashim Amp Anak Anak

Ular Sawa Kekenyangan Makan Anak Lembu

Buasir Otak Tv Buasir Otak The Muzik Validasi