Malaysia Govt Spending Plan Could Help 99 Speed Mart Retail -- Market Talk

0325 GMT - The Malaysian government's spending plan could benefit convenience-store chain 99 Speed Mart Retail, with higher cost-of-living aid expected to drive consumer spending for daily essentials, AmInvestment Bank analyst Heng Yii Paul says in a note. The retailer should benefit from continued shift among consumers toward lower-priced alternatives as elevated commodity prices keep household cost pressures high, he says. Same-store sales growth and improving margins could provide further support, he adds. Energy-efficiency initiatives are expected to provide cost savings, while its partnership with Midea could create an additional upside for margins, he adds. AmInvestment Bank resumes coverage on 99 Speed Mart Retail with a buy rating and a target price of 4.25 ringgit. Shares are 1.5% higher at 3.48 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

September 06, 2026 23:25 ET (03:25 GMT)