99 SPEED MART RETAIL HOLDINGS BERHAD (99SMART)
99SMART Chart
1D • MYX
14 Aug, 06:10 pm
171.5 KB
Company Profile
99 Speed Mart: Malaysia's Pure-Play Mini-Market Growth Story
99 Speed Mart Retail Holdings Berhad (Bursa: 5326) is Malaysia's largest mini-market chain by outlet count. Founded in 1987 by Lee Thiam Wah in Klang, Selangor, the company has grown from a single grocery store into a retail empire spanning 3,037 outlets and 19 distribution centres across Malaysia.
The company listed on Bursa Malaysia in September 2024 at an IPO price of RM1.65 — the largest IPO in Malaysia that year. At the current price of RM3.41 (Apr 15, 2026), IPO investors are sitting on a +107% return in under two years.
Business Segments
| Segment | Revenue Contribution | Notes |
|---|---|---|
| Mini-market retail | ~99.5% | Core business, 3,037 outlets nationwide |
| Bulksales (B2B) | ~0.43% (RM49.7M) | Wholesale to corporate clients |
| China pilot | Not material | 3 stores in Fuzhou, Fujian (pilot stage) |
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