Latest news with #DKSHHoldings(M)Bhd
The Star
14-05-2025
- Business
- The Star
DKSH shares hit seven-month high after strong quarterly results
KUALA LUMPUR: Shares in DKSH Holdings (M) Bhd rose to their highest in about seven months after reporting earnings in line with expectations in the latest quarterly results. DKSH, one of the top gainers on Bursa Malaysia, rose 5.21%, or 26 sen, to RM5.25 at 9.32 am, its highest level since late October. The counter has gained 6.06% so far this year. In the first quarter ended March 31, 2025 (1Q25), DKSH's net profit rose 19% year-on-year to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Additionally, revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. Hong Leong Investment Bank Research (HLIB Research) said DKSH's latest financial results accounted for 36% of their full-year forecast and 40% of consensus estimates, which it said is broadly in line, considering the seasonal uplift from Chinese New Year and Hari Raya. 'We are encouraged by the strong start to the year, supported by robust festive-driven consumption. While some moderation is expected in the coming quarters due to high base effects, DKSH remains well-positioned to benefit from consumers' better disposable income trend. 'This is underpinned by government initiatives such as the EPF Account 3 withdrawals, civil service wage hikes, and an increased minimum wage, all of which are likely to lift discretionary spending. With a balanced portfolio spanning premium brands and essential consumer staples, DKSH offers resilient exposure to both ends of the spending spectrum,' HLIB Research said. HLIB Research has maintained a "buy" call on DKSH with a target price of RM6.95, based on a P/E multiple of 6.7x on its FY25f EPS. The research house continues to favour DKSH for its diverse product portfolio, which includes both premium and affordable products.
The Star
14-05-2025
- Business
- The Star
DKSH 1Q25 net profit rises 19% on strong sales
The company's revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. KUALA LUMPUR: DKSH Holdings (M) Bhd , which has posted a 19% rise in first-quarter (1Q25) net profit, says it will continue focusing on talent development, digitalisation, and automation. 'The group's strategy remains to grow existing businesses and secure new businesses, improve cost and resource efficiency, manage working capital, and consistently monitor the outlook to navigate the prevailing environment,' DKSH said in a filing with Bursa Malaysia. The trading group expects the economy to maintain its positive momentum in 2025, building on the strong year-on-year (y-o-y) growth achieved in 2024. 'While this outlook is encouraging, it is tempered by evolving global trade policies – including recent tariff adjustments and supply chain realignments – which may impact specific sectors. 'Potential rationalisation of domestic subsidies could introduce new cost dynamics,' it added. In the 1Q25 ended March 31, 2025, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Additionally, revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. It attributed the improved revenue to stronger sales from new and existing clients in the consumer goods and healthcare segments, along with higher outlet sales in the others segment. DKSH added operating expenses for the quarter increased by 6.9% y-o-y to RM2.15bil compared to the corresponding 1Q24 and increased by 7.9% compared to the preceding 4Q24. Furthermore, the changes in operating expenses were largely in line with the movement in revenue with controlled cost measures in selling and distribution expenses. DKSH's consumer goods segment's revenue for the quarter improved by 6.8% on-year to RM1.2bil due to growth from existing and newly secured clients, and seasonal sales due to the timing of festivities in 2025, its filing noted. Its healthcare segment's revenue for the quarter improved by 7.4% y-o-y to RM984mil driven by strong growth from existing and newly secured clients.
The Star
13-05-2025
- Business
- The Star
DKSH posts 19% profit jump in 1Q
KUALA LUMPUR: DKSH Holdings (M) Bhd , which posted a 19% rise in first-quarter net profit, will continue focusing on talent development, digitalisation, and automation. 'The group's strategy remains to grow existing businesses and secure new businesses, improve cost and resource efficiency, manage working capital, and consistently monitor the outlook to navigate the prevailing environment,' DKSH said in a filing with Bursa Malaysia. DKSH noted that the economy is projected to maintain positive momentum in 2025, building on the strong year-on-year growth achieved in 2024. 'While this outlook is encouraging, it is tempered by evolving global trade policies - including recent tariff adjustments and supply chain realignments - which may impact specific sectors. Additionally, potential rationalisation of domestic subsidies could introduce new cost dynamics,' it added. In the first quarter ended March 31, DKSH's net profit rose to RM48.2mil, or 30.56 sen per share, from RM40.4mil, or 25.65 sen, a year ago. The higher profit was mainly driven by sales growth, improved cost efficiencies, and favourable foreign exchange gains. Revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in the first quarter of 2024. It attributed the improved revenue to stronger sales from new and existing clients in the consumer goods and healthcare segments, along with higher outlet sales in the others segment, compared to both the first and fourth quarters of 2024.
