Latest news with #DXN
The Star
5 days ago
- Business
- The Star
DXN focuses on ready-to-eat and -cook products, eyes further global spread
From left: DXN chief financial officer Lim Beng Cheng, DXN senior independent non-executive director Datuk Noripah Kamso, DXN chief operating officer Mahmood Hisham, DXN founder and executive chairman Datuk Lim Siow Jin, Kedah Chief Minister Datuk Seri Muhammad Sanusi Md Nor, Invest Kedah Bhd chief operating officer Noor Ikhsan Bin Abdul Aziz and Kedah state executive council member Dr Haim Hilman Abdullah. PUTRAJAYA: Herbal health product manufacturer and marketeer DXN Holdings Bhd aims to expand its product portfolio with a new line of ready-to-eat (RTE) and ready-to-cook (RTC) food products, as part of an aggressive push into international markets. Founder and executive chairman Datuk Lim Siow Jin said the company is in the final phase of developing a central kitchen facility to drive production of RTE and RTC products. "The latest freezing technology enables processed products such as sushi- and sashimi-grade fish to last up to 18 months. This opens up export opportunities globally,' he said at a press conference here today. He said the new products - including fresh seafood processed directly from DXN's hatchery in Pulau Tuba, Kedah - are expected to replicate DXN's coffee products, which are now among the company's top revenue contributors. "If coffee can reach that level, daily RTE and RTC food products will even go further,' he said, adding that DXN's products are currently distributed via a network of more than 20 million members in 54 countries. Meanwhile, DXN's chief operating officer Abdul Hafiz Mahmood Hisham said the company is confident it will be able to distribute more than 50 per cent of its net profit as dividend this year, in line with its minimum payout ratio policy. He said for the financial year ended Feb 28 this year, DXN distributed 56 per cent of its net profit as dividends, totalling about RM362 million since its Main Market relisting on Bursa Malaysia on May 19, 2023. On Jan 27, DXN's board declared a third interim dividend of 1.00 sen per ordinary share, amounting to RM49.72 million for the financial year ending Feb 28, 2025. For the full year, the company's net profit rose 5.8 per cent to RM329.03 million from RM310.99 million in the FY2024, while revenue increased 5.84 per cent to RM1.91 billion from RM1.80 billion. This revenue growth was driven by strong sales performance in key markets such as Peru, Bolivia, the Middle East, and Türkiye, supported by targeted marketing strategies that successfully maintained member engagement throughout the year. - Bernama
The Sun
5 days ago
- Business
- The Sun
DXN Holdings landmark agreement paves way for investments, job creation in Kedah
CYBERJAYA: DXN Holdings Bhd, a global manufacturer of health-focused nutraceutical products, signed a memorandum of understanding (MoU) with Invest Kedah Bhd, the state's principal investment promotion agency, to explore strategic initiatives in agroforestry, aquaculture, and eco-tourism. The five-year MoU also supports socio-economic and talent development aligned with Kedah's long-term plans. The MoU was formalised during an official ceremony attended by the Kedah chief minister Datuk Seri Muhammad Sanusi Md Nor, who emphasised the importance of partnerships between the state and forward-looking companies. 'We welcome collaborations that align with our vision for a smart, competitive, and sustainable Kedah. 'DXN, a homegrown company which began in Kedah and now has a global reach, sets a benchmark for excellence in both governance and growth for companies in Kedah and Malaysia. 'Their continued investment not only strengthens confidence in our state's economic direction but also contributes to the momentum of our planned economic corridors. 'This is the kind of business leadership that creates real impact for the people of Kedah and can form anchor partners for the Greater Kedah 2050 Vision,' he said in a statement. DXN has deep roots in Kedah. It commenced business in Jitra in 1995 and continues to play a key role in the Company's global operations, with approximately 90% of its production exported across 54 countries. The site is supported by a workforce of around 1,825 employees, reflecting the company's continued investment in local talent while complementing its broader international manufacturing footprint. DXN's collaboration with Invest Kedah builds on that legacy to unlock socio-economic potential through entrepreneurship and innovation, while ensuring that local communities benefit from development across sectors. These initiatives are expected to generate significant employment opportunities and stimulate economic activity in Kedah, with a strong emphasis on engaging local talent, contractors, and entrepreneurs. DXN will also support technology and knowledge transfer to enhance local capabilities. Under the MoU, DXN and Invest Kedah will explore high-impact opportunities through job creation and economic growth in agroforestry, focusing on the cultivation of high-value crops such as coffee and mushrooms in designated forest reserve areas. It will also focus on aquaculture and island ventures, whereby the development of sustainable aquaculture systems for species such as oysters, red snapper, grouper, and coral trout, including those in hatcheries on the island and in coastal zones. The MoU will also focus on eco-tourism in Langkawi, with wellness-driven tourism offerings aligned with DXN's global brand and sustainability ethos. The first project already underway is a fish hatchery on Pulau Tuba, Langkawi, which began operations in March 2024. Spanning 1.02 hectares, the hatchery houses 40 tanks with the capacity to breed up to 480,000 fish, and focuses on red snapper, grouper, milkfish, and coral trout. The facility is designed to serve both commercial production and marine conservation education. DXN founder and executive chairman Datuk Lim Siow Jin said Kedah holds tremendous untapped potential for agro-based and tourism development. 'Through this MoU, we can deepen our footprint in the state while delivering inclusive economic benefits. This reflects our philosophy of building a vertically integrated, sustainable business that grows alongside the communities it serves. 'We sincerely thank the Kedah state government for their partnership. The policies of the state as well as federal governments had enabled a company like ours to take root and grow internationally,' he said. Invest Kedah chief operation officer Noor Ikhsan Abdul Aziz said this public-private initiative is part of the state's broader effort to modernise Kedah's economy. 'By empowering companies like DXN, we are enabling the creation of self-sustaining entrepreneurs and strengthening local supply chains. 'This collaboration demonstrates how strategic investment can support social and economic development across the state,' he said. In Q1 of FY25, Kedah secured RM4.2 billion in investments, with RM3.9 billion in manufacturing. Foreign direct investment (FDI) in Kedah is driven by Kulim Hi-Tech Park (KHTP), Kulim Industrial Corridor (KIC), Bukit Kayu Hitam Special Border Economic Zone (BKH SBEZ), as well as Kedah Rubber City, Kedah Science & Technology Park (KSTP). Kedah is also seeing rapid growth in healthcare, driven by increased public funding and private expansion. Langkawi is positioning itself as a premium wellness destination, integrating rainforest spas, eco-retreats, and holistic healing. Mainland Kedah is directing investment toward eco and cultural wellness tourism in places like Gunung Jerai, Lembah Bujang and Tasik Pedu. The partnership also enables DXN to further strengthen its sustainable value chain. Access to local land for cultivating key ingredients such as cocoa and coffee will reduce reliance on external suppliers, improve cost efficiency, and support quality assurance. This complements DXN's current practice of cultivating spirulina and ganoderma for its own use. As DXN enters its next phase of growth, the company remains focused on strengthening its global presence while delivering long-term value through a sustainable, integrated value chain and ongoing innovation in health and wellness. Equally, DXN is committed to uplifting communities by creating inclusive economic opportunities and building local capabilities—reflecting its belief that business success and community well-being are inextricably linked. With a population of over 2.1 million, Kedah is on track for rapid economic transformation driven by strong industrial FDI, advanced logistics, and high-tech manufacturing. With annual FDI inflows projected at RM40–50 billion and real GDP growth forecast at 5–7% annually, Kedah is poised to become a top-tier investment destination and economic hub in northern Malaysia through major plans like Greater Kedah 2050 and Pelan Kedah 2035.
The Star
18-06-2025
- Business
- The Star
More than 90 Malaysian companies make Fortune Southeast Asia 500 List
KUALA LUMPUR: A total of 92 Malaysian companies have made it onto Fortune's 2025 Southeast Asia 500 list, released recently, placing Malaysia third overall behind Indonesia and Thailand. According to Fortune, the second annual Southeast Asia 500 list highlights a region poised to capitalise on global supply chain shifts and rapid growth in industries such as mining, electric vehicles, and artificial intelligence. 'The seven countries in last year's inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025 and continue to make their mark on the region's economy,' Fortune said on its website. 'Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains—capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics,' it added. Companies are ranked by revenues for their latest available respective fiscal years ended on or before Dec 31, 2024, unless otherwise noted. The annual list shows that Malaysian companies generated a combined US$201.6bil, with the top 10 companies accounting for over 44% of the total. Malayan Banking Bhd (Maybank) remains the only Malaysian firm in the top 20 by revenue and also ranks among the region's most profitable companies. Among the top 10 Malaysian companies on the list are Sime Darby Bhd (ranked 22nd in Southeast Asia), Tenaga Nasional Bhd (24th), CIMB Group Holdings Bhd (32nd), and PETRONAS Dagangan (34th). Others include PETRONAS Chemicals (44th), YTL (46th), Genting (53rd), Public Bank (57th), and IHH Healthcare (65th). CLICK TO ENLARGE Meanwhile, DXN Holdings debuts at 491st in the 2025 Fortune Southeast Asia ranking. 'We are honoured and delighted to be recognised by Fortune as one of Southeast Asia's top 500 companies. We started small in Kedah. This honour is a reflection of many years of dedication of everyone in DXN in the manufacturing and direct selling of wellness to our customers worldwide. 'This achievement is a testament to the resilience of our business model and the strength of our extensive member network. It reinforces the impact we are making across several jurisdictions and markets. This recognition inspires us to reach even greater heights,' DXN founder and executive chairman Datuk Lim Siow Jin said in a separate statement. Affin Group and Yinson have been named to the Fortune Southeast Asia 500 for the second consecutive year, reflecting their strong financials, sustained growth, and rising regional presence. 'Being recognised on the Fortune Southeast Asia 500 list for a second year is a meaningful milestone for Yinson. It reflects the collective efforts of our people, partners, and communities. As Southeast Asia evolves into a critical region for rapid energy transition, Yinson remains committed to advancing solutions that are innovative, inclusive, and future-focused,' Yinson Group CEO Lim Chern Yuan said.
News.com.au
09-06-2025
- Business
- News.com.au
DXN's Hawaii deal backs the rise of modular data centres
ASX-listed DXN lands Hawaii deal Modular data centre is becoming default option From Pilbara to defence, demand is booming An Aussie company just scored a job in Hawaii, and no, it's not a surfing gig. Last Monday DXN (ASX:DXN), a Sydney-based manufacturer of modular data centres, landed a $4.6 million contract with US satellite communications group, Globalstar. By the end of next year, DXN will ship three prefabricated data centres to Maui. These are high-performance, tailor-made data units designed to handle the unique demands of satellite comms in a remote, high-pressure environment. It's a big moment for DXN. The company beat out international contenders in a competitive bid and came out on top because it could do something not everyone can – build complex, custom-built data infrastructure fast and get it exactly right. The reason that matters is because the world is in a data arms race. And building traditional data centres the old-fashioned way – brick by brick – just isn't going to cut it anymore. This is where modular comes in. Box, ship, plug in Modular data centres are like prefab homes for the digital world. Instead of building from scratch on-site, everything – including the cooling, power, server racks, security systems – is constructed offsite inside a factory, then shipped as a complete unit to wherever it's needed. The result is a fully functional data centre that can be dropped into place and switched on in a fraction of the time it takes to build a traditional facility. Whether it's out in the Pilbara mining belt or at a satellite uplink in Maui, these things are designed to handle rough conditions. In the case of DXN's Hawaii deal, that means building three state-of-the-art modules that can support satellite communications. The fact that Globalstar, a US telco with a fleet of LEO (Low Earth Orbit) satellites, picked DXN says a lot about where this Aussie company is headed. But it also says something bigger about where the industry is going. Right now, demand for data is exploding. Think AI, cloud computing, self-driving cars, remote operations. All of that needs massive processing power, and it needs it close to where the data is being generated. That means no more waiting two years to build a shiny new data centre in a CBD. We're talking weeks, not months. Remote, not centralised. Flexible, not fixed. That's the problem modular data centres solve. They get built fast, cost less, and scale easily. If you need more computing power, just add another unit. They also make financial sense. Traditional data centres cost between $10 and $25 million per megawatt of IT capacity. Modular designs can cut that to around $5 million. That's a big saving, especially when you're trying to scale up quickly in ten different locations at once. Gaining fast traction The Australian Department of Defence recognised these advantages back in 2020 when it awarded a $20 million contract to Canberra-based company Datapod to provide portable, containerised data systems. These systems could be rapidly deployed by sea, air or road, ensuring the department had the agility to respond to evolving threats. In regional Australia, where mining and energy drive the economy, modular centres are quickly becoming the default option. In 2024, the remote town of Newman in WA's Pilbara region received a modular unit, called NE1 Newman, from NEXTDC to support edge computing for nearby mine sites. There's no way a traditional build would've made it there in time or on budget. Big tech firms like Google, Microsoft and Tencent are also investing heavily in modular builds. And private investors, too, are taking notice. Data centres are now seen as some of the best-performing assets in the property market, outpacing even industrial warehouses. ASX stocks in this space DXN can lay claim to being the only pure-play modular data centre stock on the ASX. But other players are also in the game, just playing different versions of it. NextDC (ASX:NXT) runs the big, purpose-built data centres in major cities. Then there's Macquarie Telecom Group (ASX:MAQ), which offers enterprise-grade data centres. Global Data Centre Group (ASX:GDC) is more of an investor; it holds a portfolio of data centre assets around the world. In the big end of town, Megaport (ASX:MP1) is a heavyweight in cloud connectivity, offering networking software that links over 950 data centres worldwide. Dicker Data (ASX:DDR), on the other hand, is Australia's leading IT distributor, supplying cloud solutions from top-tier vendors to over 8200 reseller partners across ANZ. In the REITs space, DigiCo Infrastructure REIT (ASX:DGT) owns and manages digital infrastructure real estate, including towers, fibre, and data centre buildings. Companies like Adisyn (ASX:AI1), meanwhile, are playing in an adjacent but related space – developing graphene-powered tech to help cool the next generation of data-hungry chips. At Stockhead we tell it like it is. While Adisyn is a Stockhead advertiser, it did not sponsor this article.
New Straits Times
30-04-2025
- Business
- New Straits Times
DXN share price up after posting higher net profit
KUALA LUMPUR: DXN Holdings Bhd's share price rose in the morning trading session after it posted higher net profit for the financial year ended Feb 28, 2025 (FY2025). At 10.09 am, the global health-oriented and wellness direct selling company's share price was half-a-sen up to 51 sen, with 2.01 million shares changing hands. DXN Holdings' net profit for FY2025 rose to RM329.03 million compared to RM310.99 million previously while revenue increased 5.8 per cent to RM1.91 billion from RM1.80 billion previously, according to a filing with Bursa Malaysia. In the fourth quarter (4Q) of FY2025, its net profit rose to RM84.72 million compared to RM79.02 million previously, while revenue decreased to RM458.90 million from RM470.64 million previously. RHB Investment Bank Bhd said DXN Holdings' FY2025 results met its expectations with solid growth in key markets and efficiency gains which more than offset the impact of unfavourable foreign exchange. "Valuation is highly attractive considering the effective business model, Brazil's expansion as a medium-term growth driver, and sturdy balance sheet to facilitate a generous dividend payout," it said in a note today. For outlook, it said DXN's earnings growth will be supported by the relentless growth momentum in major markets. "The core strategies of recruiting new members and enhancing their productivity levels will continue to revolve around member engagement, complemented by quality new product launches. "Meanwhile, the recent capacity expansion should help capture the rising demand and roll out new product categories to broaden the addressable markets," it said. On top of that, it look forward to the results of the entry to Brazil, leveraging on DXN's established existing network in the Latin American region.
