MerryMart Consumer (MM) is currently trading at 4.27 level. That maybe down 46.56% year-to-date but at that price MM is still very much valued at a substantial premium. At that price MM’s price to book value is at 17.44X and P/E ratio is at 436X. In 2020, MM made an aggressive expansion. Its aggressive expansionContinue reading “MM at elevated valuation should raise fresh capital for expansion”
Tag Archives: MerryMart Consumer Corp.
A cash burner Merrymart (MM) should capitalize on the market’s strong confidence in itself to raise more funds for expansion to achieve optimum operational efficiency
Nine-month result of MerryMart Consumer Corp. (MM) showed that the company is barely profitable. The total revenue of 2.4 Billion Pesos during the nine-month period translated into a net income of only 0.014 Billion Pesos for a net income margin of 0.58%. In the third quarter MM was not profitable. It posted a net lossContinue reading “A cash burner Merrymart (MM) should capitalize on the market’s strong confidence in itself to raise more funds for expansion to achieve optimum operational efficiency”
SEVN with 2,930 stores beaten by MM with 9 in a PE race
Philippine Seven Corporation (SEVN) is the owner of the license to establish and operate 7-Eleven convenience stores in the country. It is a subsidiary of the President Chain Store Corporation of Taiwan which owns the license to establish and operate 7-Eleven convenience stores in Taiwan. As of June 30, 2020 (1H20), SEVN reported to haveContinue reading “SEVN with 2,930 stores beaten by MM with 9 in a PE race”