Highlights
KLSE: DKSH (5908)       DKSH HOLDINGS MALAYSIA BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.50   +0.01 (0.40%)  2.49 - 2.52  88,500
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 394 Million
NOSH: 158 Million
Avg Volume (4 weeks):117,980
4 Weeks Range:2.27 - 2.54
4 Weeks Price Volatility (%):
85.19%
52 Weeks Range:2.14 - 4.42
52 Weeks Price Volatility (%):
15.79%
Average Price Target: 2.88
Price Target Upside/Downside: +0.38
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#4]  |  25-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  22-May-2019
T4Q P/E | EY: 8.83  |  11.32%
T4Q DY | Payout %: 4.00%  |  35.34%
T4Q NAPS | P/NAPS: 3.7867  |  0.66
T4Q NP Margin | ROE: 0.74%  |  7.47%

Headlines

Date Subject
19-Apr-2019 Stocks on Radar - DKSH Holdings (5908)
11-Apr-2019 Retail Strategy - Volatile and Newsflow-driven Quarter
15-Mar-2019 6 things I learned from the 2019 DKSH Holdings EGM - Shak Chee Hoi
27-Feb-2019 下跌股:DKSH集团RM2.51支撑
26-Feb-2019 DKSH Holdings (M) Berhad - Earnings Affected by Weaker Margin
08-Feb-2019 PublicInvest Research Headlines - 8 Feb 2019
29-Jan-2019 Trading Stocks - DKSH Holdings (Malaysia)
29-Jan-2019 DKSH集团挑战RM2.62/敏源
23-Jan-2019 Trading Stocks - DKSH Holdings (Malaysia)
23-Jan-2019 [转贴] 浅谈DKSH - RH Research
23-Jan-2019 Stocks on Radar - DKSH Holdings (5908)
22-Jan-2019 (Icon) Why DKSH At Current Level Is Less Risky Than Many People Think
26-Dec-2018 [转贴] [DKSH HOLDINGS MALAYSIA BHD:由于引入销售和服务税(SST)相关的短期波动,营销和分销部门的前景仍然不太乐观,特定客户合同的一次性负面影响,影响了第三季度业绩] - James的股票投资James Share Investing
25-Dec-2018 DKSH集团 购价合理提高赚幅
24-Dec-2018 DKSH Holdings (M) Berhad - Acquiring High-Margin FMCG Player
24-Dec-2018 Mplus Market Pulse - 24 Dec 2018
21-Dec-2018 DKSH to acquire entire equity in Auric Pacific for RM480.91m
16-Dec-2018 (Tradeview 2019) Forward 6 Value Picks for 2019 (TM, PPHB, DKSH, Elsoft, BJ Food & Perstima)
10-Sep-2018 [转贴] [DKSH HOLDINGS MALAYSIA BHD:销售和服务税(SST)以及特定客户一次性负面影响的合同] - James的股票投资James Share Investing
15-Aug-2018 Mplus Market Pulse - 15 Aug 2018

Business Background

DKSH is a Market Expansion Services provider with a focus on Asia. As the term Market Expansion Services suggests, DKSH helps other companies and brands to grow their business in new or existing markets. It operates in the segments namely Marketing and Distribution segment, Logistics segment, and Others. The Marketing and Distribution segment provides a comprehensive portfolio of services ranging from marketing to providing sales force, distribution and logistics, invoicing and credit control, handling of inventory and returned goods and other value-added services. The Logistics segment provides supply chain services ranging from import to forwarding, warehousing and distribution, order processing and collections. The Others segment is engaged in the chocolate chip cookie business.
Analyze this stock with MQ Trader system

  6 people like this.
 
PotentialGhost If right issue 481m to buy a PE 23 company and no guarantee profit you guy will know what is gg , mean year return only 4.3% , put your money in bank more better .
23/01/2019 9:27 PM
(2.6m shares buyback April ) Philip maybe yes maybe no, do you know how much auric earned in singapore the last 10 years growth? if you do know its a simple of addition and subtraction and estimation. In either case private limited companies dont normally show their P&L to just about anyone,

maybe potential ghost knows how much auric 5 year equity growth is worth and can share the info to i3 community? I'm sure you have read through it extensively right?
23/01/2019 10:45 PM
lazycat snake telan oliphaunt , sure right issue , no bank will loan them 480m for this acquisition.

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5908

if they successfully get loans from banks , 4-5% interests of 480m every year already equal to 40% of their current annual profits.

auric pacific? scs butter , buttercup spread? business very competitive , profit margin sure low.

myb the management know better and somethings i not aware of , but i just don't see the benefit of this acquisition..

major shh 74% and institutional funds 18% , only 8% is hold by public , so.. any right issue probably will get approve.
24/01/2019 12:19 AM
cheoky Low free float. Post big holder clearance, any positive news should bring dksh north up. Dksh is deeply entrenched in msia retail.
24/01/2019 4:05 PM
villa1668 Look like a bit hard to go up, because of low margin, people no interested?
25/01/2019 9:10 AM
sapurakencana Becareful Stockbit strong recommanded RM1.80
28/01/2019 3:05 PM
sapurakencana Pls take note due to the DKSH holding company & institution investor already hold more than 75% of paid up capital,i guess there are only 40000 Lot (1000/lot) flouting / trading in the Market.
28/01/2019 3:21 PM
sapurakencana Now everybody concern about loan 485 mil to acquire Auric Pacific,if from the holding company point of view,if this acquisition is worthy to growth their asia business,they dont mind to invest large amount at the right time.2.If we convert RM485mil into swiss dollar,it only 120mil.For holding company share price Swiss 72 dollar(RM300 per share),this capital expenses only 10 persent of its annual revenue. This happen to Digi when Digi Swiss (Holding) ciompany acquire majority share from Berjaya,less than 5 years ,the return is few 100% from the original investment. Reconsider before invest.take your own risk
28/01/2019 8:59 PM
cheoky Need to retrench and reduce cost during integration. At least no cash call
07/02/2019 1:47 PM
firehawk From the circular to shareholders,
Estimate PAT Auric Pacific(M) for 2018 ~ 25m
DKSH buying price = 485m
Estimate return of investment = 25/485 = 5.15%

DKSH funds the buying cost entirely by bank borrowing, bank interest would eat up almost all the profit .... in near term, also facing risk of good will /impairment ....

may be the expansion is good for long term .....
08/02/2019 10:57 PM
Hafid who know what Auric Pacific is doing
11/02/2019 12:33 PM
cheoky But I know definitely lippo group is short of cash recently. The seller... Hopefully is a bargain picked up by dksh.
11/02/2019 10:59 PM
sapurakencana now everybody keep on goreng cents counter ignor DKSH very sad.
14/02/2019 3:50 PM
Najib Zamry DKSH result will be out anytime with final dividend announcement. Stay tune.
15/02/2019 10:10 AM
LuckyG sold . ty
15/02/2019 3:24 PM
Icon8888 I thought we are supposed to wait for 4 ?
15/02/2019 3:30 PM
LuckyG volume very thin .
15/02/2019 9:39 PM
cheoky Keep for wife n daughter. More they shop more they earn with dksh.
17/02/2019 12:03 PM
moneykj Wow
20/02/2019 3:09 PM
sapurakencana DKSH will back to RM3 soon because look like no resistant between RM2.60-RM3.20.Plus if quarter result OK and EGM approved Auric Pacific,this is the bonus for this counter.Still remember what i said RM486 mil is a peanut in the eye of DKSH holding.They are eyeing economic boom in 3 year time.
20/02/2019 4:15 PM
BowlingCosmo understood. will keep a close watch on dksh
20/02/2019 4:18 PM
myuptownboy wow... something big is coming!
21/02/2019 11:05 AM
moneykj Rm3 before q
21/02/2019 11:21 AM
factorrumour gong hei gong hei
25/02/2019 5:33 PM
FLINV Does DKSH QR consider good or ...?
25/02/2019 7:57 PM
cheoky good result. believe in msia consumer section, should buy more and hold long long.
25/02/2019 9:06 PM
4444 Profit down 32%. Limit down tomorrow? Pity newbies think 2.72 cheap ctr?
25/02/2019 9:22 PM
cheoky aiya. u dont newbie la. i trying to sell my ticket on hand ma. dont burst it pls.
25/02/2019 9:34 PM
sapurakencana Profit is down,but cash in hand keep on increase to RM100mil,this is the ability of the swiss company to generate cash in hand.On the other hand,they not even ask money from us after EGM,this is what we call good company.
25/02/2019 9:59 PM
cheoky err... kampung from swiss? bro! long time no see!
25/02/2019 10:52 PM
yip_8988 Ha Ha Ha, looking the share price the stupid sellers selling the share like company going to bankrupt .
26/02/2019 10:11 AM
sapurakencana THIS IS WHAT WE CALL PANIC SELL WHEN OTHER CONDITION REMAIN UNCHANGE
26/02/2019 10:22 AM
Choivo Capital Good acquisition or not,

Lets put it this way. The earnings from Auric is not even enough to cover the interest expense of the loan taken out to acquire it.

Unless Auric had a rubbish management previously, and DKSH will double the profits or smtg, i don't think its a good acq.
26/02/2019 10:39 AM
Choivo Capital Instead of buying auric, with that amount, the owners can privatize DKSH with internal generated loan at half the valuation.

way better value imho.
26/02/2019 10:41 AM
chankp7010 Look like someone knows even better than Board of Directors/Management of DKSH. The acquisition of Auric is profit enhancing for years to come. At the same time, helping DKSH to go further in expansion of business. Directors/Management believe they can generate better profit/income and cash flow than to service bank loans resulting from RM480 millions payout.
26/02/2019 11:17 AM
here https://www.nst.com.my/business/2019/02/463021/dksh-shareholders-approved-buy-auric-pacific
26/02/2019 4:24 PM
CFTrader oh wow, no VSS , planned to absorb everyone ... ermm...
Sifu-sifu sekalian, any view on these ?

Sincerely
CFTrader
26/02/2019 5:50 PM
Icon8888 head count very small. 190 plus only

no VSS no big deal
26/02/2019 5:52 PM
CFTrader This acquisition of Auric is an interesting proposal ... I should read more and study in-depth about DKSH ...
Thank you.
26/02/2019 5:55 PM
sapurakencana Now everybody concern about loan 485 mil to acquire Auric Pacific,if from the holding company point of view,if this acquisition is worthy to growth their asia business,they dont mind to invest large amount at the right time(During recession).2.If we convert RM485mil into swiss dollar,it only 120mil.For holding company share price Swiss 72 dollar(RM300 per share),this capital expenses only 10 persent of its annual revenue. This happen to Digi when Digi Swiss (Holding) ciompany acquire majority share from Berjaya,less than 5 years ,the return is few 100% from the original investment. Reconsider before invest.take your own risk
28/01/2019 20:59
26/02/2019 8:02 PM
CFTrader sapurakencana, we all know who is behind the scene of DKSH. But what is the relationship between P&L and the shareholder behind DKSH ?

What you trying to imply is waiting for the holding company to inject fund (via PP or whatsoever method) to pare down the debt ?

The fact is , acquisition is 485M, profit is 25M, and the entire acquisition will rely on borrowing...
That is some interesting acquisition method....

Sincerely
CFTrader
26/02/2019 11:15 PM
sapurakencana CF TRADER,your focus point is on the acquisition price 485mil too high & profit per annum 25 mil too low.For FMCG business,it depend on the grow of the population & the increase of lower income to middle class income & the regconition of the product.My advise is for those who can hold at least 3 to 5 years.
27/02/2019 12:01 AM
villa1668 Actually I don’t like the acquisition deal
28/02/2019 6:40 AM
francis188 dividend is coming.....
02/03/2019 9:03 PM
Choivo Capital Yes, i believe i know better. Would love to be proven wrong though.


====
Posted by chankp7010 > Feb 26, 2019 11:17 AM | Report Abuse

Look like someone knows even better than Board of Directors/Management of DKSH. The acquisition of Auric is profit enhancing for years to come. At the same time, helping DKSH to go further in expansion of business. Directors/Management believe they can generate better profit/income and cash flow than to service bank loans resulting from RM480 millions payout
09/03/2019 12:50 AM
shpg22 If the acquisition is approved, its gearing will jump from current 0.05x to 0.9x. That is a very high leverage for a trading company that has a razor thin profit margin. With its average 5 years Profit margin of just below 1%, it may experiencing wider and frequent swing between profit and loss going forward. Expect more volatility ahead.
15/03/2019 1:50 PM
Tipster Is this the same Auric that got delisted from SGX?
25/03/2019 6:13 PM
here @Tipster yes.
26/03/2019 4:46 PM
Invest_Sensibly That is why it drops like shit falling


shpg22 If the acquisition is approved, its gearing will jump from current 0.05x to 0.9x. That is a very high leverage for a trading company that has a razor thin profit margin. With its average 5 years Profit margin of just below 1%, it may experiencing wider and frequent swing between profit and loss going forward. Expect more volatility ahead.
15/03/2019 1:50 PM
11/04/2019 1:59 PM
cheoky Let hope it is a good bargain pick up by dksh from desperate seller. Dividend cum cum. That day saw about 200nos of 10kg auric butter delivered to my nearby cake house. Gogogo.
12/04/2019 5:32 PM


 

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