What is 99 Speedmart?
99 Speedmart is one of the largest and most successful mini-market retail chains operating in Malaysia. Founded by entrepreneur Lee Thiam Wah, the company has grown into a household brand by establishing thousands of neighborhood convenience stores that offer everyday grocery items, household goods, beverages, and personal care products at affordable prices. Operating under a high-volume, low-margin business model, 99 Speedmart stores are strategically positioned within densely populated residential areas, providing urban communities with quick, accessible shopping convenience and streamlined retail efficiency.
Related FAQs
The full official corporate name of the prominent Malaysian retail chain is 99 Speed Mart Retail Holdings Berhad.
Lee Thiam Wah, the billionaire founder and chief executive officer of Malaysia's prominent 99 Speed Mart retail chain, is married to Ng Lee Tieng.
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99 Speedmart operates a massive chain of minimarkets offering a wide variety of essential daily consumer goods.
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The official corporate slogan and brand positioning tagline of 99 Speedmart is "Near n' Save" (often expressed in local contexts as being close by and offering great savings).
The headquarters of 99 Speedmart, one of Malaysia's largest mini-market retail chain operators, is located in Taman Berkeley, Klang, within the state of Selangor, Malaysia.
Wall Street and regional equity research analysts covering 99 Speed Mart Retail Holdings Bhd (99SMART) establish a consensus 12-month average price target hovering around 3.98 to 4.05 Malaysian ringgit per share.
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