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> Story of 99 Speedmart

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TSriver.sand
post Oct 1 2017, 10:01 PM, updated 9y ago

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Sin Chew interviews Lee Thiam Wah, founder of 99 Speedmart. Full story (in Chinese) here...
http://sinchew.com.my/node/1687279/%E7%A8%...%AB%98%E5%B3%B0

Excerpt:
- 99 Speedmart celebrates its 30th anniversary.
- It opened its 1,000th store last August.
- It has outlets in Selangor, KL, N. Sembilan, Melaka, Johor, Perak, Pahang & Sabah.
- The founder is eyeing the next 1,00 stores within 5 years, with an average of 4 new stores every week shocking.gif
- It reported a revenue of RM3 bil in 2016; the projected revenue for this year is RM3.5 bil.
- Currently, it has no plan to go public sad.gif

The 1,000th outlet in Shah Alam
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saintnotsinner
post Oct 1 2017, 10:03 PM

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Fresh Milk. Nice!
yeezai
post Oct 1 2017, 10:05 PM

-using no way as way-having no limitation as limitation-
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Not even a datuk ? Wahh very low profile ... Btw the mart have quite alot of robbery cases
kamfoo
post Oct 1 2017, 10:06 PM

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Nice interview from poor to rich
smallcrab
post Oct 1 2017, 10:07 PM

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KR1M shld let them run

Sure better than Maideenn.
CyrusWong
post Oct 1 2017, 10:08 PM

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very reasonable and competitive price

sometime their discount even greater than shopping like giant/tesco/mydin

they target at residential area, very smart, unlike shopping, ppl need drive a distance
SUSAzurues
post Oct 1 2017, 10:08 PM

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Kkmart and speedmart both awesome

But how the hell do u track all your stores hmm
ar188
post Oct 1 2017, 10:09 PM

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some of their price tag even cheaper than the promotion printed prices on packaging lol..
SUS2feidei
post Oct 1 2017, 10:10 PM

Ayam tatau, ayam virgin (c)
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klang taiko wash moneh
rudduan
post Oct 1 2017, 10:10 PM

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Goodingla...just opened new branch at mitc area...
MoonRider
post Oct 1 2017, 10:12 PM

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the most important .. they hired all locals .. malay/chinese and indian ..

not like itu 7/11 ..

This post has been edited by MoonRider: Oct 1 2017, 10:13 PM
thelws
post Oct 1 2017, 10:13 PM

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at this lvl 1000 stores they got benefit of bulk purchase.

undercut kau kau. I bet the start was quite tough.
mekboyz
post Oct 1 2017, 10:13 PM

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QUOTE(MoonRider @ Oct 1 2017, 10:12 PM)
the most important .. they hired all locals .. malay/chinese and indian ..

not like itu 7/11 .. sometime i nampak bangla
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yeah 99 all local staff

7/11 literally all bangla. since last 2 years i didnt see any local staff
vassilius
post Oct 1 2017, 10:14 PM

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respect this guy... nothing is impossible
dadurtyz
post Oct 1 2017, 10:17 PM

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Their making money at warehouse, buy soooo many tons and tons, distribute to all 1000 outlet.

Their mineral water is so cheap! 24bottle just RM6
TSriver.sand
post Oct 1 2017, 10:18 PM

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QUOTE(MoonRider @ Oct 1 2017, 10:12 PM)
the most important .. they hired all locals .. malay/chinese and indian ..

not like itu 7/11 ..
*
The outlet near my place, the staff's BM accent is different. Possibly East Malaysians.
dadurtyz
post Oct 1 2017, 10:20 PM

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QUOTE(ar188 @ Oct 1 2017, 10:09 PM)
some of their price tag even cheaper than the promotion printed prices on packaging lol..
*
Their run the business with cheapskate style, their lorry all buy second hand and really old lorry.
The 99building HQ at klang is no CF last time because build too near with main road.

This post has been edited by dadurtyz: Oct 1 2017, 10:20 PM
SUSLancewood
post Oct 1 2017, 10:21 PM

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QUOTE(thelws @ Oct 1 2017, 10:13 PM)
at this lvl 1000 stores they got benefit of bulk purchase.

undercut kau kau. I bet the start was quite tough.
*
Already buying bulk since business started. All excess sold thru another outlet called Nison.
SUSbig[1]
post Oct 1 2017, 10:21 PM

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i heard mama also got share......


bik mom
SUSLancewood
post Oct 1 2017, 10:22 PM

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QUOTE(dadurtyz @ Oct 1 2017, 10:20 PM)
Their run the business with cheapskate style, their lorry all buy second hand and really old lorry.
The 99building HQ at klang is no CF last time because build too near with main road.
*
Meanwhile Mara Digital Mall complain kaw kaw because sole distributor....???...???
You should know your answers well by now.

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