Story of 99 Speedmart
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 Oct 2 2017, 12:47 AM
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Senior Member
658 posts Joined: May 2006 From: Melaka   
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QUOTE(Lancewood @ Oct 2 2017, 12:45 AM) Then you should know how he runs his biz efficiently. It's a Chinese trait. Unlike some who boros before even making a profit. Isnt that what im tell before?  Im not sure what seek your attention to argue that statements. LOL |
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Oct 2 2017, 12:50 AM
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#82
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Senior Member
1,998 posts Joined: Jan 2003 
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QUOTE(MoonRider @ Oct 1 2017, 10:12 PM) the most important .. they hired all locals .. malay/chinese and indian .. They have been doing that.not like itu 7/11 .. All the 99 i went to only have locals employed. This post has been edited by olman: Oct 2 2017, 12:51 AM |
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Oct 2 2017, 12:52 AM
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#83
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Junior Member
79 posts Joined: Feb 2015
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QUOTE(dadurtyz @ Oct 2 2017, 12:47 AM) Isnt that what im tell before? He likes to use old Lori that's his biz, you kecoh apa haha. He using your money?Im not sure what seek your attention to argue that statements. LOL |
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Oct 2 2017, 12:53 AM
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#84
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Junior Member
79 posts Joined: Feb 2015
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QUOTE(olman @ Oct 2 2017, 12:50 AM) They have been doing that. And yes, job goes back to the local community.All the 99 i went to only have locals employed. |
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Oct 2 2017, 12:54 AM
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Junior Member
453 posts Joined: Jul 2016
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 pro |
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Oct 2 2017, 01:06 AM
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Senior Member
2,227 posts Joined: Mar 2006 From: cheras
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Hires locals. Prices less than promo price by the fukken manufacturer themselves
In the end it doesnt even mater. Because bangsa tipu and cutthroat in biznis... Hanya pentingkan keuntungan. Thats the mentality of orang kite.. Meanwhile kr1m tipu so many ppl lowest price.. Takpe.. Asalkan orang kite pegang. Kuikuikui |
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Oct 2 2017, 01:11 AM
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Senior Member
2,227 posts Joined: Mar 2006 From: cheras
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Dei this guy king of underworld? What.
Yeah.. Legend says stevie wonders was a great sharpshooter |
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Oct 2 2017, 01:23 AM
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Senior Member
1,678 posts Joined: Mar 2016
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QUOTE(sukhoi35mk @ Oct 1 2017, 11:32 PM) LOL... i also hear from my friend father uncle grandfather mother sister the same story as well..... every successful Chinese sure got underworld connection... even tan sri liew.... from a manager in bank for 5 yrs became a small time developer within few yrs form SP setia... also washing some money.... another myth is how tan sri vincent tan got his gambling license... he "gave" some high level politicians a toto result slips... they just fill in the winning numbers so that they can collect the money berjaya toto sport... Bina puri founder and the main place mall in subang.. Ya, and FLOM menabung sejak kecik for cincin...owai ...owai |
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Oct 2 2017, 01:34 AM
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#89
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Junior Member
45 posts Joined: Feb 2011
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so when be4 some dengki org kite set their target on the owner's empire and forcibly seize the whole biz from him?
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Oct 2 2017, 02:16 AM
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Junior Member
64 posts Joined: Oct 2012
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QUOTE(Azurues @ Oct 1 2017, 10:08 PM) Kkmart and speedmart both awesome by dividing into region, headed by area manager.But how the hell do u track all your stores hmm |
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Oct 2 2017, 02:47 AM
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Senior Member
1,512 posts Joined: Oct 2016 From: Celcom Internet 4G × Malaysia
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99 speedmart murah.
Boleh beli jajan banyak & jimat duit...  Tips: sila tengok tarikh luput sebelum beli. Harap tidak terbeli yang dah luput..  |
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Oct 2 2017, 06:19 AM
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#92
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Junior Member
330 posts Joined: Apr 2014 From: Klang, Selangor
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QUOTE(dadurtyz @ Oct 2 2017, 12:17 AM) Im also, feel mydin is alot better in product stock up and price is even more competitive than tesco and giant. I don't see any reason why I should pay more for the same item.But u know la when it come to mamak /k always talk bad and cronyism Mydin always stock up their item, their stocks are more organised compared to Tesco. No wonder their sales is going down. Tesco staffs are lazy i guess. So many item they didn't topup especially drinks section. |
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Oct 2 2017, 06:32 AM
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Junior Member
40 posts Joined: Jul 2014
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QUOTE(weretiger @ Oct 1 2017, 10:32 PM) When taking over by force by bigmama?? U r slow |
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Oct 2 2017, 07:17 AM
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Junior Member
672 posts Joined: Sep 2008
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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.. U should try tanya barang yang takde price tag. Last week speedmart99 my place sell listerine cool.mint rm15 . I terus take 2 hehehehe |
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Oct 2 2017, 07:37 AM
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Senior Member
730 posts Joined: Feb 2011
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Hmm.. Dont rili care how the owner establish 99 Mart.
But i do know he help us (middle income) to get basic stuffs at reasonable price. U go big Marts like 7e or SuperMart like Tesco.. Giant.. All cekik darah sometime barang expired also didnt bother to keep track. Shame laa.. |
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Oct 2 2017, 07:41 AM
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Senior Member
1,410 posts Joined: Dec 2009 From: Everywhere
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QUOTE(Aqidah @ Oct 2 2017, 07:37 AM) Hmm.. Dont rili care how the owner establish 99 Mart. Next time, check the item before u buy But i do know he help us (middle income) to get basic stuffs at reasonable price. U go big Marts like 7e or SuperMart like Tesco.. Giant.. All cekik darah sometime barang expired also didnt bother to keep track. Shame laa..  If the item is already expired, that means it is a slow moving item, not many people purchased or they have tons of stock inside the warehouse and need to do the clearance |
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Oct 2 2017, 07:43 AM
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Senior Member
858 posts Joined: Nov 2011
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QUOTE(river.sand @ Oct 1 2017, 10:01 PM) Sin Chew interviews Lee Thiam Wah, founder of 99 Speedmart. Full story (in Chinese) here... my fav store. reasonable pricehttp://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  - 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  The 1,000th outlet in Shah Alam  |
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Oct 2 2017, 09:24 AM
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Junior Member
772 posts Joined: Jan 2015
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Didn't know the co-founder is cina
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Oct 2 2017, 09:26 AM
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Senior Member
1,723 posts Joined: Oct 2010
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i don't like how they put the counters at the entrance. it's hard for people to enter/queue. plus they give handleless plastic bags and i have to hug my things once i buy them.
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Oct 2 2017, 09:35 AM
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Senior Member
4,999 posts Joined: Jan 2003
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but if they were to take it public , i won't buy their IPO
Don't think it is very profitable despite the huge revenue. |
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