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”
Tag Archives: MerryMart
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”
Mom & Pop investors chased other Mom & Pop’s MM shares after “dark grocery” unveiled, “dark grocery” could be a cash burner
Ahead of the announcement by MerryMart Consumer Corp. (MM) that it had signed an agreement with FoodPanda Philippines to operate and pioneer the “dark grocery” store concept in the Philippines with the aim of becoming the first 15-minute grocery delivery service in the country, MM was traded heavily. At the September 23, 2020 trading, MMContinue reading “Mom & Pop investors chased other Mom & Pop’s MM shares after “dark grocery” unveiled, “dark grocery” could be a cash burner”
MerryMart (MM) 400% value surge bolsters case for ABS restructuring
MM surge in value could not be justified by fundamentals. Before the public offering (IPO), MM’s balance sheet is at 915 Million Pesos. The proceeds of the IPO at 1,500 Million Pesos (1.5 Billion) doubles MM’s balance sheet. However, the balance sheet growth will not translate into a magnificent net income growth. There is aContinue reading “MerryMart (MM) 400% value surge bolsters case for ABS restructuring”