FNF #5
By Handzalah / Black Swan Research 29 August 2026, 3:17pm MYT
Topics discussed in tonight’s FNF:
- Humans tend to focus on the financial and monetary side of Rizq (sustenance)
- A suggested theory that we look at financial side often because of the end of the barter system and moving into the fiat system
- Money is viewed as able to buy anything aside from few things money cannot buy
- One of the suggested solution for having such a financial-centric mindset is to adjust our goals by making money the means and not the end. Money is only the means to an end.
- Irrationality (in terms of universe and creations within it) exists which proves the existence of a higher power
- In Saudi, one member said that there is pharmacies (e.g. Nahdi) that have drive thrus just like your F&B drive thrus
- Discussion was held on whether education and healthcare industry must be more digitalized or be less
- In healthcare diagnosis can be the longest segment within the medical process due to referrals
- Fasting has the effect of repressing the desire
- Singapore has a framework of state-owned monopolies that propels their economy
- Singapore leader rules the country like a company
- Mr. DIY’s (Malaysian retailer) expansion will come at the cost of SMEs
- A member shared his valuation on ECOSHOP based on new store openings
- The valuation assumptions:
A) Annually new store openings of 70 stores till 2030 (for 4 years), so 280 new stores
B) Average daily store sales grows from RM 23,300 to RM 25,000 (includes both the existing 462 stores and the new 280 stores)
C) Margin expansion is supported by operating at larger scale, price increases, and increase contribution from house brands or private labels - The estimated value for the company is RM 20 Billion by 2030 which is a CAGR of 25% from today’s market valuation