99 Speed Mart’s move into China market timely

CIMB Research said it is positive on this development as it marks the group’s first step abroad.

PETALING JAYA: The move by 99 Speed Mart Retail Holdings Bhd to venture into China was well-received by the market as the stock moved north by 1.6% yesterday.

Despite the tough Chinese retail landscape, 99 Speed Mart’s diversification into the world’s second largest economy is seen as timely.