More like to fulfill Bumi Equities...
That's why under MITI..

Seems like undersubcibe currently...
Less 100 application 🤔🤔

This placement at 3.60 is just 3% below current selling price.
too risky to pick up

Mr DIY won't last.. Too much competition from e-commerce that can sell cheaper.
As costs increases for them such as rent, electricity, wages.. They will have to increase their sales price per item which will eat into their profit. Somemore they have so many shoplots to sustain.

For e-commerce or online seller they just need to take into account price of goods or raw materials and probably abit of wages for their workers. Much less cost involved.

Nowadays my wife even buy vegetables, chicken, fish from online seller. More fresh and cheaper just need to know who is good. Even perishables are sold online nowadays!

This post has been edited by Davidtcf: Feb 23 2022, 09:55 AM

Kinda like speedmart 99? Their prices are premium compared to the giant hypermarkets / e-grocers. But convenience wise they are everywhere even in the smallest rural places. That is their competitive advantage. Overall revenue can continue to grow and with scalability can perhaps bring down cost prices.

But at current 54x PE, not worth it to get in now even as a growth stock

Well...
If really want..
Should buy earlier..
Now like it's maximum valuations peak..
Doubt can go more higher than currently...
Unless some shark go pump some huge $$$ into it....

Yes this is a known trick....
They put a price that not attractive to us small player but to the targeted person this is a way to buy huge number without having to payhigher price.
If anyone want to buy a huge block from the market they will surely push the prce up .
Poorman just look see.

At current price of about 1.46, diamond hand could be on paper loss.

https://www.freemalaysiatoday.com/category/...o-in-late-2024/

Mr DIY indonesia IPO worth 300mil USD 💪🔥

Mr DIY item selling price are getting higher. Some even few times more expensive than Shopee. If not urgent, I ll just buy online, more choice and option.
Increase competition from both physical & online and ever increasing min wage will dampened their profit in the long run.

This post has been edited by Singh_Kalan: Oct 2 2024, 09:31 AM