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When Pinduoduo penetrates the market, most of the items sold by Teamstar can be purchased on Pinduoduo at significantly lower prices. This is not a good sign. The only potential item is HPL, but it has to compete with many established brands in the market, including Topmix, which is a listed company.
Most wholesale and hardware distributors are actually running on very thin profits, usually less than 3% net margin. But for Teamstar, because they’ve got a stronger retail mix and offer more value-added services, they can hold their pricing better
Recent growth in Johor definitely solidifies their order book for the next few years because the infrastructure demand is just going to keep spiking. Those projects are legit catalysts that make me feel real confident about holding onto this stock for the long run
Teamstar is one of the main beneficiaries of the subsale market, considering this segment has consistently contributed around 79% of Malaysia's residential property transactions
That's a key advantage for Teamstar. Since nearly 4/5 of residential transactions come from the subsale market, the company has significant exposure to the largest part of the property ecosystem
Q1 report is out, and there were some listing expenses incurred during the quarter. Excluding those one-off expenses, the adjusted profit after tax would be around RM4 million
Overall, Teamstr's revenue base is anchored by its Furniture Fittings & General Hardware business, while its Trading & Value-Added Segment provides meaningful diversification through laminates, coatings, and related products, supporting a balanced and resilient earnings profile.
The long-term growth of Malaysia’s home improvement sector remains positive, driven by rising incomes, better living standards, active property market activities, and more people moving to urban areas
All these property market factors confirm that Teamstar confirm can ride the wave for long term growth. The steady rise in living standards means more people will keep spending on home improvement projects.
Teamstar is expected to benefit from the immediate renovation spending by new property owners, which usually ranges between 10% and 20% of the property value, as they upgrade and refresh older properties
