DXN HOLDINGS BHD.
KLSE (MYR): DXN (5318)
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Last Price
0.46
Today's Change
-0.025 (5.15%)
Day's Change
0.455 - 0.495
Trading Volume
9,011,200
IPO Info
File Name: DXN-Cover-BackCover (885KB).pdf Download
Discussions
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DXN Holdings Bhd has several factors that could indicate potential for growth:
1. Rising Demand for Health and Wellness Products: There’s a growing global interest in health and wellness, especially in natural and plant-based products. DXN’s focus on Ganoderma, spirulina, and other health-focused items aligns well with this trend, which may fuel demand and revenue growth.
2. Extensive Distribution Network: DXN operates in over 180 countries through a multilevel marketing model. This broad network allows them to reach a global customer base and scale quickly in emerging markets without extensive infrastructure investment.
3. Expansion Potential in New Markets: DXN has the opportunity to expand further into regions with a growing middle class, such as Southeast Asia, Africa, and parts of Latin America. Increased disposable income and health awareness in these regions can drive demand for DXN’s offerings.
4. Diverse Product Range: DXN offers a wide array of products, including supplements, cosmetics, and food items. This diversification helps mitigate risk from market changes and allows the company to adapt to shifts in consumer preferences.
5. Focus on Research and Development: DXN has invested in R&D to improve and expand its product line, which can increase customer loyalty and create new revenue streams as consumers seek high-quality, science-backed wellness products.
6. Sustainable Practices and Vertical Integration: DXN controls its supply chain from cultivation to production, which can lower costs and ensure product quality. This control over sourcing and production also appeals to health-conscious consumers looking for sustainably-produced goods.
7. Strong Financial Position: If DXN continues to show profitability, this can attract investors looking for solid returns in the health and wellness sector. Financial health can also support strategic investments, further boosting the company’s competitive edge.
These factors combined suggest that DXN is well-positioned to capitalize on global wellness trends, expand its market share, and potentially provide stable returns to investors.
2 weeks ago
DXN Holdings Bhd 具有以下几方面的潜力，可能促成其未来增长：
1. 健康和保健产品需求增长：全球对健康和保健产品的兴趣不断增长，特别是对天然和植物基产品的需求。DXN 以灵芝、螺旋藻等健康产品为主，符合这一趋势，有望推动需求和收入增长。
2. 广泛的分销网络：DXN 通过多层次营销模式在180多个国家运营。这个广泛的网络使其能够接触到全球客户基础，并在新兴市场迅速扩展，而无需大量基础设施投资。
3. 新市场扩展潜力：DXN 有机会进一步扩展至中产阶级增长的地区，如东南亚、非洲和拉丁美洲的部分地区。随着这些地区的可支配收入增加和健康意识提高，可能会推动对DXN产品的需求。
4. 多样化的产品范围：DXN 提供包括补充剂、化妆品和食品在内的多种产品。多样化有助于减轻市场变化的风险，使公司能够适应消费者偏好的转变。
5. 专注于研发：DXN 投资于研发以改进和扩展其产品线，这可以增强客户忠诚度，并创造新的收入来源，以满足消费者对高质量、科学支持的健康产品的需求。
6. 可持续的实践与垂直整合：DXN 控制着从种植到生产的供应链，这不仅可以降低成本，还能确保产品质量。对可持续生产商品的关注也符合健康意识较高的消费者的需求。
7. 良好的财务状况：如果 DXN 能继续保持盈利，这将吸引希望在健康和保健领域获得稳定回报的投资者。良好的财务状况也可以支持战略投资，进一步提升公司竞争优势。
这些因素表明，DXN 在全球保健趋势中具有良好的发展前景，有机会扩大市场份额，并有可能为投资者提供稳定的回报。
2 weeks ago
DXN Holdings Bhd mempunyai beberapa faktor yang menunjukkan potensi untuk pertumbuhan masa depan:
1. Permintaan Meningkat terhadap Produk Kesihatan dan Kesejahteraan: Terdapat minat global yang semakin meningkat terhadap produk kesihatan dan kesejahteraan, terutamanya yang berasaskan bahan semula jadi dan tumbuhan. Fokus DXN pada Ganoderma, spirulina, dan produk kesihatan lain selari dengan trend ini, yang boleh meningkatkan permintaan dan pertumbuhan pendapatan.
2. Rangkaian Pengedaran yang Luas: DXN beroperasi di lebih 180 negara melalui model pemasaran berbilang aras (MLM). Rangkaian yang luas ini membolehkannya mencapai pelanggan di seluruh dunia dan berkembang pesat di pasaran baru tanpa memerlukan pelaburan besar dalam infrastruktur.
3. Potensi Pengembangan di Pasaran Baharu: DXN berpeluang untuk berkembang lebih jauh ke kawasan dengan peningkatan kelas pertengahan, seperti di Asia Tenggara, Afrika, dan beberapa bahagian di Amerika Latin. Peningkatan pendapatan boleh guna dan kesedaran kesihatan di kawasan ini dapat mendorong permintaan terhadap produk DXN.
4. Kepelbagaian Produk: DXN menawarkan pelbagai jenis produk termasuk suplemen, kosmetik, dan makanan. Kepelbagaian ini membantu mengurangkan risiko perubahan pasaran dan membolehkan syarikat menyesuaikan diri dengan perubahan dalam keutamaan pengguna.
5. Fokus kepada Penyelidikan dan Pembangunan: DXN melabur dalam R&D untuk meningkatkan dan memperluas rangkaian produknya, yang dapat meningkatkan kesetiaan pelanggan dan mencipta aliran pendapatan baharu apabila pengguna mencari produk kesihatan berkualiti tinggi yang berasaskan sains.
6. Amalan Lestari dan Integrasi Menegak: DXN mengawal rantaian bekalannya dari penanaman hingga pengeluaran, yang dapat menurunkan kos dan memastikan kualiti produk. Kawalan ini juga menarik minat pengguna yang mementingkan produk yang dihasilkan secara lestari.
7. Kedudukan Kewangan yang Kukuh: Jika DXN terus menunjukkan keuntungan, ini boleh menarik pelabur yang mencari pulangan stabil dalam sektor kesihatan dan kesejahteraan. Kesihatan kewangan juga dapat menyokong pelaburan strategik, seterusnya meningkatkan kelebihan daya saing syarikat.
Gabungan faktor-faktor ini menunjukkan bahawa DXN berada dalam posisi yang baik untuk memanfaatkan trend kesejahteraan global, memperluas penguasaan pasaran, dan berpotensi memberikan pulangan yang stabil kepada pelabur.
2 weeks ago
Next year, instead of paying out cash dividends, issue a share dividend. Many US companies pay out share dividends rather than cash dividends.
2 weeks ago
dxn share price looks no strength....could it be due to afraid of higher tax going to imposed by US if trump win...
2 weeks ago
BUY
Share Price MYR 0.59
12m Price Target MYR 0.84 (+47%)
Previous Price Target MYR 0.85
Company Description
DXN Holdings distributes consumer products globally
under a direct selling model
Statistics
52w high/low (MYR)
3m avg turnover (USDm)
Free float (%)
Issued shares (m)
Market capitalisation
Major shareholders:
LSJ Global Sdn Bhd
Gano Global
na
Price Performance
0.760
0.740
0.720
0.700
0.680
0.660
0.640
0.620
0.600
0.580
0.71/0.59
0.3
15.8
4,825
MYR2.8B
USD655M
68.0%
13.3%
2 weeks ago
Maintain BUY with a trimmed TP of MYR0.84
DXN’s 2QFY25 underperformed on weaker-than-expected sales. We expect
3Q-4QFY25E earnings to soften with expectation for sales volume in Peru
and Bolivia (its top 2 sales contributors) to normalise after front-loading
activities ahead of a scheduled price hike in Sep 2024. Our FY25E-FY27E
earnings estimates are lowered by 2%-7%. The stock continues to trade at
undemanding 12M PER of 8x post our earnings downgrades. Maintain BUY
with a lower TP of MYR0.84 based on an unchanged 11x CY25E PER target.
1HFY25 earnings reflected only 43% of FY25E
DXN’s 2QFY25 core net profit of MYR66m (-15% YoY, -23% QoQ) brought
1HFY25 core net profit to MYR152m (-9% YoY). The latter accounted for
just 43%/42% of our/consensus full-year earnings estimates. A second
interim of 0.8sen (1QFY25: 0.9sen, DPR: 52%) was declared, translating to
into a payout ratio of 60% (of headline net profit). The earnings miss was
largely due to weaker-than-expected sales.
Sales growth marred by higher operating costs
The group’s revenue grew +7% YoY on the back of higher sales volume in
its top 2 markets, Peru and Bolivia, given front-loading activities ahead of
a scheduled price adjustment in Sep 2024. Nonetheless, the topline growth
was still short of our earlier forecast of +21% for FY25E with the shortfall
coming from its other top 10 markets like India and Mexico. Pre-tax profit
however declined by -6% YoY on unfavourable USD/MYR FX movements,
and higher employee and freight shipping costs.
Lowered FY25E-FY27E earnings estimates by 2%-7%
Factoring in the weak set of results, our FY25E/FY26E/FY27E earnings
estimates are revised by -7%/-2%/-2%. We believe that DXN’s 3Q-4QFY25E
earnings might ease as (i) sales volume normalises post-price hikes in Peru
and Bolivia in 3QFY25, and (ii) MYR continues to strengthen against USD.
To mitigate this, we expect the group to ramp up member activities, and
new product launches in its top 10 markets to drive sales momentum.
FYE Feb (MYR m) FY23A FY24A FY25E FY26E FY
2 weeks ago
DXN - Notice of Book Closure
DXN - Notice of Book Closure
ILC-25102024-00001
Second Interim Dividend of 0.80 sen per ordinary share in respect of the
financial year ending 28 February 2025 Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend? as
from: 12 Nov 2024 2) The last date of lodgment : 13 Nov 2024 3) Date Payable :
29 Nov 2024
MANAGER, REF. DATA MANAGEMENT
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
25/10/2024 07:00 AM
Ref Code: 202410255100032
2 weeks ago
cun, net profit turun sedikit je... next Q melambung :)
Thursday, 24 Oct 2024
7:01PM
DXN MEMORANDUM OF UNDERSTANDING
6:53PM
DXN Second Interim Dividend
6:52PM
DXN 1H net profit 157.032 million (decreased 2.24%)
2 weeks ago
DXN Holdings Bhd’s share price being labeled as undervalued, particularly according to analysts from Maybank, can be attributed to several factors:
1. **Strong Financial Performance**: If DXN has consistently shown strong revenue growth, profitability, and a solid balance sheet, analysts might believe that the market has not fully recognized its financial strength, leading to an undervalued share price.
2. **Market Position**: As a leading player in the direct selling and wellness products sector, DXN’s strong market presence and brand recognition could indicate that its growth potential is greater than what the current share price reflects.
3. **Growth Prospects**: Analysts may foresee significant growth opportunities for DXN, such as expanding into new markets or launching new products. If the company is well-positioned to capitalize on these opportunities, its current valuation might seem low.
4. **Industry Trends**: The wellness and health supplement industry is experiencing growth due to increasing consumer awareness. If DXN is aligned with these trends but the market hasn’t adjusted its valuation accordingly, the shares could be seen as undervalued.
5. **Earnings Forecasts**: Positive earnings forecasts from Maybank or other analysts could suggest that the company is expected to outperform market expectations, which would justify a higher share price.
6. **Comparison with Peers**: If DXN’s valuation metrics (like price-to-earnings ratio) are lower than those of its competitors, analysts may conclude that it is undervalued compared to its peers, suggesting that the market hasn’t priced in its true worth.
7. **Market Sentiment**: Overall market sentiment can also play a role. If broader market conditions have led to negative sentiment around the sector, even strong companies like DXN may be sold off, resulting in a lower share price.
In summary, DXN Holdings Bhd's share price being considered undervalued by Maybank likely stems from a combination of its solid financial performance, growth prospects, industry trends, and comparisons with competitors.
2 weeks ago
Undervalued
😀
ROE 22.14
P/E 9.28
EPS 6.20
DPS 3.60
DY 6.26%
NTA 0.2800
P/B 2.05
RPS 37.80
PSR 1.52
Market Cap 2,866.4M
Shares (mil) 4,985.00
2 weeks ago
RSI(14) Oversold 24.1
Stochastic(14) Oversold 0.0
Average Volume (3M) 2,066,000
Relative Volume 0.4
2 weeks ago
LIST OF TOP 30 HOLDERS AS AT 31 MAY 2024
No. Name Holdings %
1 LSJ GLOBAL SDN BHD 3,090,465,105 62.148
2 GANO GLOBAL SUPPLEMENTS PTE. LTD. 661,859,895 13.310
3 AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD.
PLEDGED SECURITIES ACCO UNT FOR LSJ GLOBAL SDN. BHD. 170,000,000 3.419
4 LSJ GLOBAL SDN. BHD. 134,315,700 2.701
5 PHILLIP NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LIM CHEA LIN 76,632,900 1.541
6 AMSEC NOMINEES (TEMPATAN) SDN BHD
AMBANK (M) BERHAD 72,100,000 1.450
7 AZAAL TRADING SDN BHD 45,703,500 0.919
8 CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR NORGES BANK (FI 17) 30,088,100 0.605
9 DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING INVESTMENTSSMALL-CAP FUND 24,161,400 0.486
10 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD (PHEIM) 20,384,500 0.410
11 LIM CHEA LIN 20,101,800 0.404
12 CITIGROUP NOMINEES (ASING) SDN BHD
EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 14) 18,635,300 0.375
13 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (KENANGA) 15,266,800 0.307
14 CARTABAN NOMINEES (TEMPATAN) SDN BHD
PAMB FOR PRULINK EQUITY FOCUS FUND 14,557,200 0.293
15 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
URUSHARTA JAMAAH SDN. BHD. (AHAM AM 2) 11,866,400 0.239
16 CIMB ISLAMIC NOMINEES (TEMPATAN) SDN BHD
CIMB ISLAMIC TRUSTEE BERHAD - KENANGA SYARIAH GROWTH FUND 11,703,200 0.235
17 MAYBANK NOMINEES (TEMPATAN) SDN BHD
MAYBANK TRUSTEES BERHAD FOR DANA MAKMUR PHEIM (211901) 11,361,600 0.228
18 NAI JOO CHYI 11,000,000 0.221
19 NG SEM GUAN 10,615,000 0.213
20 MAYBANK SECURITIES NOMINEES (ASING) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR MATHEW PURACKAL KUNCHERIA 10,413,000 0.209
21 CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR KAWAN FOOD MANUFACTURING SDN BHD (PB) 10,000,000 0.201
22 DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING INVESTMENTSMY FOCUS
FUND 9,922,300 0.200
23 HSBC NOMINEES (TEMPATAN) SDN BHD
HSBC (M) TRUSTEE BHD FOR PERTUBUHAN KESELAMATAN SOSIAL (UOB
AMM6939-406) 9,437,200 0.190
24 PHILLIP NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR PHILLIP CAPITAL MANAGEMENT SDN BHD 9,211,400 0.185
25 MAYBANK NOMINEES (TEMPATAN) SDN BHD
MTRUSTEE BHD FOR AIIMAN TNB RBTF (EQ) (433139) 8,774,800 0.176
26 CIMB GROUP NOMINEES (TEMPATAN) SDN BHD
CIMB BANK BERHAD (EDP 2) 7,909,400 0.159
27 TEH CHAI PENG 7,648,200 0.154
28 MAYBANK NOMINEES (TEMPATAN) SDN BHD
NATIONAL TRUST FUND (IFM UOBAM) (446560) 7,571,700 0.152
29 CITIGROUP NOMINEES (TEMPATAN) SDN BHD
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (ESPRING ABSR EQ) 6,848,500 0.138
30 HLB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SIVA KUMAR A/L M JEYAPALAN 6,128,500 0.123
Total: 4,544,683,400 91.392
2 weeks ago
DXN leases corporate jet for business expansion. DXN may be able to deduct leasing costs as a business expense, further making the lease an attractive option over outright purchase.
https://theedgemalaysia.com/node/733017
5 days ago
Using company money to pay $30m a year to a major shareholder to rent a private jet from him, konon nya for businus expansion. $30m can buy 10 of thousands of trips. Do you need 10 thousand trips per year?
5 days ago
DXN has a fully integrated supply chain, which means they oversee everything from cultivation to distribution. This control ensures the highest standards in product quality and reliability, which can be one of the key drivers of future revenue growth.
5 days ago
Using company money to pay $30m a year to a major shareholder to rent a private jet from him, konon nya for businus expansion. $30m can buy 10 of thousands of trips. Do you need 10 thousand trips per year?
if you travel EVERYDAY , you only need 365 plane ticket a year, not 5000 tickets a year
5 days ago
maybe our beloved boss have watch the HK drama that baru finished on last month... that company need own plane to fly... haha....
5 days ago
Private JET for TOP Sales individual I think it is OK! Just the price is too expensive! RM30m /300 =0.1m per hour trip!
They want to Contraband, is it?
5 days ago
Related party transactions are commonly perceived as red flag in detecting breaches to the arm’s length principle where related party transactions may be engaged under the influence of existing business relationships and the agreed-upon price of the transactions may differ from actual fair market value.
Minority shareholders have no say in such practices, and in this case, apparently some key shareholders vent their disagreement by selling down the shares.
4 days ago
Tmr of story, don't miss use company fund for private jet..
SUPERMX is the lesson brfore
4 days ago
Some companies take shareholders' support for granted, and some don't really care about the minority shareholders. The actions and decisions of their leadership team tell a lot about their characters.
4 days ago
People seem to think that travel to South America region is like travel to Bangkok lol... Having a leased aircraft can be less time consuming if they are always on business trip to supervise their oversea operations
4 days ago
Monday sure bounce back 0.55, get ready.. good to see DXN recognize achievements through awards while honoring people drives our success.
4 days ago
Leasing aircraft can enhance DXN's brand image and also means that the company has strong financial stability 😁
4 days ago
Leasing the aircraft from own boss means the cash will flow back to the boss. Smart 😎
1 day ago
Lower low. Singapore shareholders disposed 3 times;223,744,000 shares.Main shareholders dumped share not a good signal!
19 hours ago
I think there will be new major shareholders, who are the recipients of the shares
13 hours ago
DXN Holdings has a fully integrated supply chain, which means they oversee everything from cultivation to distribution. This control ensures the highest standards in product quality and reliability.
13 hours ago
Buy & wait rebound above 0.50, singapore shareholder disposing of a 4.5% stake, comprising 223.77 million shares, in a direct business deal believed to be at 60 sen per share for a total of RM134.26 million.
12 hours ago
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Second Interim Dividend
DXN HOLDINGS BHD.
Entitlement subject Second Interim Dividend
Entitlement description Second Interim Dividend of 0.80 sen per ordinary share in respect of the financial year ending 28 February 2025
Ex-Date 12 Nov 2024
Entitlement date 13 Nov 2024
Entitlement time 5:00 PM
Financial Year End 28 Feb 2025
Period
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 29 Nov 2024
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 13 Nov 2024
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Currency
Announced Currency Malaysian Ringgit (MYR)
Disbursed Currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 0.0080
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat)
Seksyen 13
46200 Petaling Jaya
Selangor
Malaysia
Tel:0378904700
Fax:0378904670
2 weeks ago