Latest news with #99SMART
Yahoo
18-05-2025
- Business
- Yahoo
99 Speed Mart Retail Holdings Berhad Recorded A 8.2% Miss On Revenue: Analysts Are Revisiting Their Models
99 Speed Mart Retail Holdings Berhad (KLSE:99SMART) last week reported its latest first-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results look mixed - while revenue fell marginally short of analyst estimates at RM2.6b, statutory earnings were in line with expectations, at RM0.058 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the most recent consensus for 99 Speed Mart Retail Holdings Berhad from eight analysts is for revenues of RM11.2b in 2025. If met, it would imply a notable 10% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to ascend 15% to RM0.069. In the lead-up to this report, the analysts had been modelling revenues of RM11.2b and earnings per share (EPS) of RM0.07 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. Check out our latest analysis for 99 Speed Mart Retail Holdings Berhad The analysts reconfirmed their price target of RM2.63, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on 99 Speed Mart Retail Holdings Berhad, with the most bullish analyst valuing it at RM2.98 and the most bearish at RM2.30 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that 99 Speed Mart Retail Holdings Berhad's rate of growth is expected to accelerate meaningfully, with the forecast 14% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 8.1% over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.5% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that 99 Speed Mart Retail Holdings Berhad is expected to grow much faster than its industry. The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at RM2.63, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on 99 Speed Mart Retail Holdings Berhad. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple 99 Speed Mart Retail Holdings Berhad analysts - going out to 2027, and you can see them free on our platform here. We also provide an overview of the 99 Speed Mart Retail Holdings Berhad Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BusinessToday
16-05-2025
- Business
- BusinessToday
99 Speedmart Poised To Weather Macroeconomic Challenges
RHB Investment Bank Bhd (RHB Research), CIMB Investment Bank Bhd (CIMB Securities) and Hong Leong Investment Bank bHD (HLIB) have all reiterated their BUY calls on 99 Speed Mart Retail Holdings Bhd following a strong set of first-quarter results for the financial year ending March 2025 (1Q25), with target prices of RM2.45, RM2.60 and RM2.98 respectively. Analysts said 99SMART delivered solid earnings driven by festive demand, continued outlet expansion and better operating efficiencies, with all three houses noting that the RM143 million core net profit – up 7–8% year-on-year (YoY) – came in within expectations, representing around a quarter of full-year forecasts. RHB Research remarked that the strong topline growth of 8% YoY to RM2.6 billion was supported by the addition of 246 new outlets over the past year, bringing the total to 2,833 stores. Improved gross profit margin of 12%, aided by supplier-driven promotional incentives, helped counteract higher operating expenses stemming from the implementation of the new minimum wage. The research house reported its DCF-derived target price was raised from RM2.39 to RM2.45, implying 35x FY25F P/E, supported by the group's domestic-centric profile and resilience amid external policy uncertainties such as the US tariff outlook. CIMB Securities also kept its projections intact, noting that while EBITDA margin dipped 0.2 percentage points YoY to 10% due to wage-related cost pressure, this was offset by top-line growth and a better sales mix. Analysts anticipate FY25 core earnings to grow 11.9% YoY, underpinned by 8.8% revenue growth from a projected 250 new store openings and same-store sales growth of 1.4%. CIMB Securities maintained its target price at RM2.60 based on a 33x CY26F P/E, arguing the premium valuation is justified by superior return on equity (ROE) and its essential goods-focused product offering. HLIB echoed the positive sentiment, highlighting that 99SMART's 1Q25 core profit of RM142.7 million showed a 12% quarter-on-quarter (QoQ) growth and 7% YoY improvement, also backed by festive-related sales and supplier incentives. With expansion plans to add 250 more outlets in 2025 and a new distribution hub in Cyberjaya to bolster logistics, HLIB expects the group's growth momentum to remain intact. Its RM2.98 target price is pegged to a 45x FY25 P/E multiple, reflecting confidence in the group's scale advantage and recurring revenue model. The company declared an interim dividend of 2.25 sen per share for the quarter. Analysts noted that this was consistent with expectations, with CIMB highlighting that part of the payout may reflect deferred FY24 dividends following 99SMART's listing in September 2024. Looking ahead, all three research houses said that 99SMART is poised to benefit from rising disposable income amid higher minimum wages and stronger government support for lower-income households. The analysts believe the group's wide-reaching store network and positioning as a value-for-money essential goods retailer place it in a favourable spot to weather macroeconomic challenges and shifting consumer preferences. Related
Yahoo
28-04-2025
- Business
- Yahoo
99 Speed Mart Retail Holdings Berhad Full Year 2024 Earnings: Misses Expectations
Revenue: RM9.98b (up 8.3% from FY 2023). Net income: RM490.3m (up 23% from FY 2023). Profit margin: 4.9% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. EPS: RM0.059 (up from RM0.05 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 6.6%. In the last 12 months, the only revenue segment was Retail of Consumable Merchandise and Other Household Products contributing RM9.98b. Notably, cost of sales worth RM8.88b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM1.25b (203% of total expenses). Explore how 99SMART's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Retailing industry in Malaysia. Performance of the Malaysian Consumer Retailing industry. The company's share price is broadly unchanged from a week ago. What about risks? Every company has them, and we've spotted 1 warning sign for 99 Speed Mart Retail Holdings Berhad you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
