Latest news with #KKV
Barnama
19-05-2025
- Business
- Barnama
KKV Expands Southeast Asia Footprint with Singapore Debut Store, Sparking Local Shopper Frenzy
SINGAPORE, May 19 (Bernama) -- On May 17, 2025, global fashion retail brand KKV debuted in Singapore's Tiong Bahru Plaza with its first store. Up to now, KKV has already established a strong presence in four Southeast Asian countries — Malaysia, Thailand, the Philippines, and Vietnam. KKV's debut store in Singapore not only expands regional footprint for its parent company KK Group, but also underscores the accelerated momentum of its 'Southeast Asia Strategy.' On the opening day, young shoppers formed long queues around KKV's iconic bright yellow container-style exterior to take check-in photos,igniting a social media frenzy among local young people. KK Group also owns The Colorist (beauty product concept store) and X11 (trendy toy concept store). Its vision 'Live without Boundaries' drives a global presence spanning 1,000+ stores in six countries. As the core brand, KKV adopts the philosophy of 'exploring 100 lifestyles,' and offers over 20,000 SKUs across eight categories, including trendy toys, home goods, daily essentials, cosmetics, and more, while actively exploring additional product possibilities.
Business Wire
19-05-2025
- Lifestyle
- Business Wire
KKV Expands Southeast Asia Footprint with Singapore Debut Store, Sparking Local Shopper Frenzy
SINGAPORE--(BUSINESS WIRE)--On May 17, 2025, global fashion retail brand KKV debuted in Singapore's Tiong Bahru Plaza with its first store. Up to now, KKV has already established a strong presence in four Southeast Asian countries — Malaysia, Thailand, the Philippines, and Vietnam. KKV's debut store in Singapore not only expands regional footprint for its parent company KK Group, but also underscores the accelerated momentum of its 'Southeast Asia Strategy.' On the opening day, young shoppers formed long queues around KKV's iconic bright yellow container-style exterior to take check-in photos,igniting a social media frenzy among local young people. As the core brand, KKV adopts the philosophy of 'exploring 100 lifestyles,' and offers over 20,000 SKUs across eight categories. Share KK Group also owns The Colorist (beauty product concept store) and X11 (trendy toy concept store). Its vision 'Live without Boundaries' drives a global presence spanning 1,000+ stores in six countries. As the core brand, KKV adopts the philosophy of 'exploring 100 lifestyles,' and offers over 20,000 SKUs across eight categories, including trendy toys, home goods, daily essentials, cosmetics, and more, while actively exploring additional product possibilities. Focusing on Gen Z: The Debut of KKV in Singapore Ignites a Consumption Frenzy The color-coded shelving for different product categories and the bright yellow container-style exterior are visually striking, which triggered a surge of KKV related UGC (user-generated content) and quickly made it a local hot topic on social media. KKV's diverse product portfolio perfectly meet the needs of Singaporean Gen Z. 'I was just here to take pics with my friend, but I ended up grabbing a bunch of stuff,' said Lim Jia Yi, pointing to her basket while in line at the checkout. 'There's always something new and fun here, you know? Young folks would definitely love it.' Sales data from the opening period showed that trendy toys, snacks, and household essentials were particularly popular among young Singaporean consumers. Continuing to deeply engage and lead the development of Singapore's trendy retail market KKV has full confidence in the Singapore market, which stems from the city-state's unique consumption potential and demographic advantages. Gen Z accounts for nearly 30% of the population in Singapore, with an annual per capita consumption expenditure exceeding SGD 30,000. This young demographic continues to drive rising demand for trendy products and experiential consumption, which aligns perfectly with KKV's brand positioning. As stated by Rojen Wu, Chief Operating Officer of KK Group international project, 'As a globally leading trend retail brand, KKV respects every individual. We hope that in KKV, everyone can find products they love and express their lifestyle attitude.' Based on this, KKV will continue to deepen its partnerships with local commercial giants like CapitaLand and Frasers Property, leveraging their customer traffic advantages to rapidly penetrate the Singapore market. KKV plans to open 10 stores in Singapore by 2025 to cover more core commercial districts and further strengthen its brand influence. Meanwhile, KKV will keep bringing in top-quality global products, refine its product assortment, and offer an upgraded shopping experience for Singaporean consumers — aiming to maintain its leadership in the trendy retail sector.
Yahoo
19-05-2025
- Business
- Yahoo
KKV Expands Southeast Asia Footprint with Singapore Debut Store, Sparking Local Shopper Frenzy
SINGAPORE, May 19, 2025--(BUSINESS WIRE)--On May 17, 2025, global fashion retail brand KKV debuted in Singapore's Tiong Bahru Plaza with its first store. Up to now, KKV has already established a strong presence in four Southeast Asian countries — Malaysia, Thailand, the Philippines, and Vietnam. KKV's debut store in Singapore not only expands regional footprint for its parent company KK Group, but also underscores the accelerated momentum of its "Southeast Asia Strategy." On the opening day, young shoppers formed long queues around KKV's iconic bright yellow container-style exterior to take check-in photos,igniting a social media frenzy among local young people. KK Group also owns The Colorist (beauty product concept store) and X11 (trendy toy concept store). Its vision "Live without Boundaries" drives a global presence spanning 1,000+ stores in six countries. As the core brand, KKV adopts the philosophy of "exploring 100 lifestyles," and offers over 20,000 SKUs across eight categories, including trendy toys, home goods, daily essentials, cosmetics, and more, while actively exploring additional product possibilities. Focusing on Gen Z: The Debut of KKV in Singapore Ignites a Consumption Frenzy The color-coded shelving for different product categories and the bright yellow container-style exterior are visually striking, which triggered a surge of KKV related UGC (user-generated content) and quickly made it a local hot topic on social media. KKV's diverse product portfolio perfectly meet the needs of Singaporean Gen Z. "I was just here to take pics with my friend, but I ended up grabbing a bunch of stuff," said Lim Jia Yi, pointing to her basket while in line at the checkout. "There's always something new and fun here, you know? Young folks would definitely love it." Sales data from the opening period showed that trendy toys, snacks, and household essentials were particularly popular among young Singaporean consumers. Continuing to deeply engage and lead the development of Singapore's trendy retail market KKV has full confidence in the Singapore market, which stems from the city-state's unique consumption potential and demographic advantages. Gen Z accounts for nearly 30% of the population in Singapore, with an annual per capita consumption expenditure exceeding SGD 30,000. This young demographic continues to drive rising demand for trendy products and experiential consumption, which aligns perfectly with KKV's brand positioning. As stated by Rojen Wu, Chief Operating Officer of KK Group international project, "As a globally leading trend retail brand, KKV respects every individual. We hope that in KKV, everyone can find products they love and express their lifestyle attitude." Based on this, KKV will continue to deepen its partnerships with local commercial giants like CapitaLand and Frasers Property, leveraging their customer traffic advantages to rapidly penetrate the Singapore market. KKV plans to open 10 stores in Singapore by 2025 to cover more core commercial districts and further strengthen its brand influence. Meanwhile, KKV will keep bringing in top-quality global products, refine its product assortment, and offer an upgraded shopping experience for Singaporean consumers — aiming to maintain its leadership in the trendy retail sector. View source version on Contacts 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
The Sun
06-05-2025
- Business
- The Sun
Investment banks positive on MR D.I.Y. outlook after strong 1Q results
KUALA LUMPUR: Investment banks were positive on MR D.I.Y. Group (M) Bhd, given its improved outlook after posting strong results for its first quarter ended March 31, 2025 (1Q 2025). The group's 1Q 2025 net profit rose to RM174.15 million from RM144.88 million in 1Q 2024, while revenue jumped to RM1.26 billion from RM1.14 billion in the previous year. In a note today, Maybank Investment Bank Bhd (Maybank IB) said further margin accretion may materialise in the financial year 2025 estimate (FY2025E) if MR D.I.Y. is in the position to negotiate for better prices with its China suppliers, combined with savings from favourable Chinese Yuan and the Malaysian ringgit. 'Our earnings estimates are unchanged, but we lifted the forward payout ratio assumptions to 75 per cent per annum (from 60 per cent). 'The overall uplift in disposable income, after the minimum wage was increased to RM1,700 per month (+RM200 per month, effective Feb 1, 2025), is also expected to sustain MR D.I.Y sales momentum in FY2025 positively,' it said. Maybank IB added that it upgraded MR D.I.Y. to a 'Buy' call with a target price (TP) of RM1.85 and an unchanged price-to-earnings ratio of 24 times. RHB Investment Bank Bhd (RHB IB) said MR D.I.Y's 1Q 2025 results are deemed within expectations thanks to a robust gross profit margin (GPM) expansion and same-store sales growth recovery (SSSG). It said the rising wages and upsized government assistance packages to the lower-income groups are expected to lift disposable income and discretionary spending. 'This should benefit MR D.I.Y. as the beneficiaries of the above-mentioned measures fall well within its customer group. 'Meanwhile, the GPM upside should serve as another key earnings driver with 70 per cent of its cost of goods sold imported from China, whilst the tariff situation could render MR D.I.Y. more bargaining power,' it said in a separate note. The investment bank opined that MR D.I.Y. is on the right track to expand its total addressable market to appeal to female and Gen Z consumers. 'This will be facilitated by the strategies to broaden its product portfolio by offering beauty and wellness, lifestyle, and fashion products as well as the KKV partnership,' it added. RHB IB maintained its 'Buy' call on the counter with a TP of RM1.87 and a 12 per cent upside. Meanwhile, Hong Leong Investment Bank Bhd (HLIB) said MR D.I.Y. plans to add over 20 KKV stores in FY2025, citing strong performance. In May 2024, MR D.I.Y. invested in a 49 per cent stake in Chinese retail brand KKV's operations in Malaysia. HLIB said KKV stores generate three times higher monthly revenue than standard MR D.I.Y. outlets due to their premium product mix. 'We applaud the positive 0.6 per cent SSSG recorded during the quarter after seven consecutive quarters of negative SSSG. 'We remain optimistic on the group's strategy of store expansion to defend its market share as the leading home improvement retailer,' it said. HLIB maintained its 'Buy' call on MR D.I.Y. with an unchanged TP of RM2.30. 'We remain optimistic about the group's strategy of store expansion to defend its market share as the leading home improvement retailer,' it added. At 11 am, MR D.I.Y's share price rose by nine sen to RM1.76 with 15.23 million unit shares transacted.
The Sun
06-05-2025
- Business
- The Sun
MR D.I.Y. upgraded to ‘Buy' after strong 1Q earnings
KUALA LUMPUR: Investment banks were positive on MR D.I.Y. Group (M) Bhd, given its improved outlook after posting strong results for its first quarter ended March 31, 2025 (1Q 2025). The group's 1Q 2025 net profit rose to RM174.15 million from RM144.88 million in 1Q 2024, while revenue jumped to RM1.26 billion from RM1.14 billion in the previous year. In a note today, Maybank Investment Bank Bhd (Maybank IB) said further margin accretion may materialise in the financial year 2025 estimate (FY2025E) if MR D.I.Y. is in the position to negotiate for better prices with its China suppliers, combined with savings from favourable Chinese Yuan and the Malaysian ringgit. 'Our earnings estimates are unchanged, but we lifted the forward payout ratio assumptions to 75 per cent per annum (from 60 per cent). 'The overall uplift in disposable income, after the minimum wage was increased to RM1,700 per month (+RM200 per month, effective Feb 1, 2025), is also expected to sustain MR D.I.Y sales momentum in FY2025 positively,' it said. Maybank IB added that it upgraded MR D.I.Y. to a 'Buy' call with a target price (TP) of RM1.85 and an unchanged price-to-earnings ratio of 24 times. RHB Investment Bank Bhd (RHB IB) said MR D.I.Y's 1Q 2025 results are deemed within expectations thanks to a robust gross profit margin (GPM) expansion and same-store sales growth recovery (SSSG). It said the rising wages and upsized government assistance packages to the lower-income groups are expected to lift disposable income and discretionary spending. 'This should benefit MR D.I.Y. as the beneficiaries of the above-mentioned measures fall well within its customer group. 'Meanwhile, the GPM upside should serve as another key earnings driver with 70 per cent of its cost of goods sold imported from China, whilst the tariff situation could render MR D.I.Y. more bargaining power,' it said in a separate note. The investment bank opined that MR D.I.Y. is on the right track to expand its total addressable market to appeal to female and Gen Z consumers. 'This will be facilitated by the strategies to broaden its product portfolio by offering beauty and wellness, lifestyle, and fashion products as well as the KKV partnership,' it added. RHB IB maintained its 'Buy' call on the counter with a TP of RM1.87 and a 12 per cent upside. Meanwhile, Hong Leong Investment Bank Bhd (HLIB) said MR D.I.Y. plans to add over 20 KKV stores in FY2025, citing strong performance. In May 2024, MR D.I.Y. invested in a 49 per cent stake in Chinese retail brand KKV's operations in Malaysia. HLIB said KKV stores generate three times higher monthly revenue than standard MR D.I.Y. outlets due to their premium product mix. 'We applaud the positive 0.6 per cent SSSG recorded during the quarter after seven consecutive quarters of negative SSSG. 'We remain optimistic on the group's strategy of store expansion to defend its market share as the leading home improvement retailer,' it said. HLIB maintained its 'Buy' call on MR D.I.Y. with an unchanged TP of RM2.30. 'We remain optimistic about the group's strategy of store expansion to defend its market share as the leading home improvement retailer,' it added. At 11 am, MR D.I.Y's share price rose by nine sen to RM1.76 with 15.23 million unit shares transacted.
