Highlights
KLSE: AMWAY (6351)       AMWAY MALAYSIA HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
5.14   +0.01 (0.19%)  5.11 - 5.14  4,300
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Overview

Market Cap: 845 Million
NOSH: 164 Million
Avg Volume (4 weeks):9,555
4 Weeks Range:5.03 - 5.20
4 Weeks Price Volatility (%):
64.71%
52 Weeks Range:4.50 - 6.20
52 Weeks Price Volatility (%):
37.65%
Average Price Target: 5.10
Price Target Upside/Downside: -0.04
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  23-Jun-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  21-Aug-2020
T4Q P/E | EY: 16.65  |  6.01%
T4Q DY | Payout %: 5.35%  |  89.08%
T4Q NAPS | P/NAPS: 1.29  |  3.98
T4Q NP Margin | ROE: 5.32%  |  23.93%

Headlines

Date Subject
24-Jun-2020 PublicInvest Research Headlines - 24 Jun 2020
24-Jun-2020 Amway (M) Holdings Bhd - 1QFY20 Within Expectations
06-May-2020 Nestlé (Malaysia) Bhd - A Soft Start
20-Apr-2020 AEON Co. (M) Bhd - MCO Shakes Retail Landscape
27-Feb-2020 [转贴] AMWAY 5分钟看懂 AMWAY(6351) 2019年 Q4季报 - ~ 第一天
27-Feb-2020 Amway (M) Holdings - FY19 Within Our Expectation
24-Feb-2020 The 2 MLM companies that have hedging effect
21-Nov-2019 [转贴] AMWAY 5分钟看懂 AMWAY(6351) 2019年 Q3季报 ~ 第一天
21-Nov-2019 Amway (M) Holdings Bhd - 9MFY19 Within Expectations
21-Nov-2019 Mplus Market Pulse - 21 Nov 2019
21-Nov-2019 Amway (Malaysia) Holdings Berhad - Sales Fiddled Away Prior to New Incentive Plan
25-Oct-2019 [转贴] 2020年天哥精选好公司之第四集 ~ AMWAY(6351) ~ 第一天
23-Aug-2019 [转贴] AMWAY 5分钟看懂 AMWAY(6351) 2019年 Q2季报 ~ 第一天
22-Aug-2019 【视频】安利(马)控股 汇率护盘不利
22-Aug-2019 Amway (M) Holdings Bhd - 1H19 Within Expectations
22-Aug-2019 Mplus Market Pulse - 22 Aug 2019

Business Background

Amway Malaysia Holdings Bhd is engaged in the distribution of consumer products under the Amway' trademark. The company manufactures consumer products in the nutrition, beauty and home categories that are sold exclusively through Amyway Business Owners. They are phytonutrient pioneers, combining the of nature with the of science, providing effective vitamin, mineral, and dietary supplements, designed to fill nutrient gaps in diet products. The company has taken an initiative with Amway affiliates in Singapore, Thailand, Vietnam, Indonesia, Philippines, and Australia. The company also has a ARTISTRY SUPREME LX Regenerating Cream and Eye Cream under its skin care range. and home categories that are sold exclusively through Amway Business Owners.
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  2 people like this.
 
DickyMe No need to twist and turn like snake to sound intelligent.
08/08/2019 11:25 AM
Ricky Yeo No need to twist. Let me know when Amway gets implicated as pyramid scheme.
08/08/2019 11:35 AM
DickyMe It is a pyramid scheme with member get member. Hard work or sales of indivuduals are not greatly rewarded. Those with "branches and leaves" with less work are rewarded. "Untung atas angin". It has all elements of deceit.
08/08/2019 5:24 PM
MK4872 Membership fee or joining fee of Amway is refundable in full in year 1 upon joining. After that you need to renew it and if you terminate after renewal, they will still refund an amount to you.

Joining fee is about RM100 and renewal fee is less than RM50 a year.

Unlike other MLM company that charge thousands for joining, Amway charge only small amount....thats a scam?

The pricing of products.....yes its a bit more expensive but 1 bottle of LOC....i use 1 year also cannot finish and it cost about RM30 per bottle (i think). Some of their other products, you actually need to mix it yourself with water to dillute it. Been using their product for years.

I am one of the member as well....my wife when we got married went to terminate her membership and got refunded an amount....it was more than her renewal fee.

As for their "top distributor"....any down line can overtake their up line/ sponsor. I am a sleeping member who only buy their product for private use. My own down line made it to Emerald and earn much more than i do....and this down line is 3 generation down from me.

For any pyramid scheme or ponzi scheme, once it get to a certain size, it will collapse under its own weight....it just cannot sustain but Amway had grow in size so big and strong.....it's almost impossible to collapse. The Balance Sheet of Amway is one of the most healthy, no loans, no HP, no OD and with massive amount of cash at bank. Cash is king in any business. I saw how the company grow from day 1 of listing till now. From the financial crisis in 97....it grow and grow.

They buy and construct their current HQ in PJ all by CASH...no external funding from any banks and didnt raise any funds from share issue either.

Yes, there may be some "not so good" year....thats normal for any business....but even in those years, they still make profit and pay good dividend.
22/08/2019 9:48 AM
MK4872 If any one have doubt in the refundable thing...try join membership and test it yourself. Its only less than RM100. If you got burn...its RM100...if not, then at least you live to testify that it is really refundable.

Amway had been around in M'sia for 40+ years....all these refundable, warranty, etc are all written...if they had ever go back on their words....they would have been sued over and over again right? Their MLM license would have been terminated long ago right? Remember, they are a public listed co....you think they can simply dance with fire and not comply with law or regulations for the past 40+ years?
22/08/2019 11:44 AM
offshore It's funny to think that Amway is so hard up for that registration fee. That small amount of fee certainly will not contribute significantly to their RM900m+ annual turnover. Their products are expensive only if you compare to what you normally find in the hypermarket. If you compare to other MLMs products, the price is about the same or even cheaper in some cases.
22/08/2019 5:44 PM
MK4872 good things not cheap and cheap things not good. Their product a bit more expensive but its good to use.

If their things are no good....how to survive for 40+ years in Malaysia? You think consumer all stupid? You cant fool all the people all the time over 40 years la.

This company is rock solid. Its for long term. No nonsense and well manage.
23/08/2019 11:49 AM
offshore It doesn't take a genius to realise that they are listed in Malaysia not for funding purposes because they are cash rich. It's not like they are very hard up for investors' money. Take note that Amway is not listed anywhere in the world apart from Malaysia so do appreciate this privilege.
23/08/2019 1:40 PM
MK4872 a lot of people here dont read the Annual Report and fail to see how much cash this company is generating.
27/08/2019 10:26 AM
MK4872 DickyMe, try la....join as a member and then after 3 month go and surrender your membership and see if they refund to you or not. Dont tell me you dont even have RM100 to test this out. If you have the money to invest in KLSE, i'm sure you have more than RM100 to spare.

BTW, all these are written in the membership application form. If they dont refund to you....sue them....bring them to Consumer Tribunal. See if you manage to bring Amway Malaysia to its knee or not....instant fame la....you get to write your name in the history book and be famous worldwide. Try it.

For those of you that dont know, you may even try their Water Treatment System....they call it espring....they actually have a lab test report detailing what it can filter out and how many % contaminant it filter out. The same espring is sold worldwide....i'm sure some people or some NGO somewhere tried to prove it wrong by doing their own lab test since espring had been around for more than 10 years. But none had been able to discredit Amway claim.

If any one can discredit their claim, they can sue Amway for misrepresentation and false claim....can sue for compensation from Amway. They have millions in their bank account (refer to their annual report) if you dont believe me.

That is how confident they are in the quality of their product.
27/08/2019 10:44 AM
Jeffreyteck China Amway contributed to how many % of sales and profit?
25/10/2019 12:40 PM
danielleesing Direct marketing firm Amway (Malaysia) Holdings Bhd is in for a good year after it released strong 1H earnings that met consensus estimates, TA Securities says.

Amway's growth will be driven by improving product sales, launch of new products and aggressive promotion, the broker says, adding its robust cash position and operating cash flow may make it an attractive dividend stock.
25/10/2019 6:03 PM
yoyo After certain years in doing MLM business in other companies and not successful, now if anyone want to take up MLM business i will suggest them to start with Amway. I would say Amway is straightly MLM business orientated and giving proper training with good quality products. Even if one cannot succeed in Amway at least he would be a better person in doing business, social skill, team buidling.

But the share price of Amway is different story la
26/10/2019 12:31 PM
Fizoe444 Y the stock price keep dropping like never end?

Low and lower and continie Loweeerr


JUST 2 QUESTION: WHY? AND WHAT HAPPEN?
31/10/2019 4:49 PM
MK4872 With aggressive promotions and reward plan....it will cost the company money but in the long run, it will still make money.

yoyo, you are right....i too embark in doing Amway in 1997 during the Asia Financial Crisis, dont make a lot but still can survive.
06/11/2019 9:43 AM
padiwong no eye see
20/11/2019 9:15 PM
DingDingShoot I earn 12cent frm tht short rebound frm rm5.60. Sold all shares d.

1.
Amway Still in Long DOWNTREND, they Lose ALOT MARKET SHARES to many ermerging Competitors.

Each competitors targeting their Top20 best sales products, exactly similar quality with cheaper price. Amway fight back by cutting profit margin n reward plan, eat up profit margin, u can see effects from future coming Q reports.


2.
Competitors commision structure more attractive, attracting alot talents even from Amway (many amway agents representing competitor agent secretly, open secret).


3.
Amway profit DOWN but still pay same dividend, this will END UP MORE DOWN in Shares Price FURTHER..Expected!
21/11/2019 10:23 AM
ethan 1. This is truth, but then you can see that the amway marketing plan at least can sustain. Competition is fierce , but AMWAY brand name and reputation also strong.

2. Agree. But what is the payout ratio ? to pay more to agent, it mean more scarification on either OPEX or the product costing. Other can give more , likely in binary or trinary, matrix plan because of no future consideration on sustainable business model.

3. In order to pay dividend, need to analyze from the cash flow statement part . profit down does not mean company generate less cash for dividend. It is somehow related , but not exactly. Many company in paper lost, but still able to give good dividend due to strong cash flow, particularly from cash flow generated from the operation.

Well finally, share price may up and down due to sentiment, but eventually it will track on company financial performance for long run, which if Amway not able to generate more profit and keep it MLM market share, the share price will be keeping in depress mode until there is big turnaround happen.
21/11/2019 11:52 AM
zakaria444 Amway (Malaysia) Holdings Bhd:

* QTRLY REVENUE 235.1 MILLION RGT; QTRLY NET PROFIT 10.6 MILLION RGT

* A THIRD SINGLE TIER INTERIM DIVIDEND OF 5.0 SEN NET PER SHARE HAS BEEN DECLARED

* YEAR AGO QTRLY NET PROFIT 17.1 MILLION RGT, REVENUE 260.2 MILLION RGT
21/11/2019 2:51 PM
Jeffreyteck Amway profit down, chances for Hai O profit to improve in the coming quarter Oct? = 1%. Anyway, price may be pushed up before results announcement as like recent quarter.
25/11/2019 9:36 AM
5566max “Amway” 安利的一生.......有兴趣者可以Google随心投资路
05/12/2019 2:13 AM
DickyMe DELISTING SOON!
15/01/2020 5:26 PM
Larrytrader How you know?
15/01/2020 5:51 PM
freddiehero tat style dickym
15/01/2020 6:16 PM
ivanlau " first day sifu " stock pick ...... now all the member " on board " ....... kena trap
06/02/2020 10:51 PM
factorrumour holan stock, next bat
06/02/2020 10:53 PM
RainT make loss then still pay dividend so means company borrow money to pay dividend
19/02/2020 6:51 PM
MK4872 Dicky.....you had choose the right name for yourself...you are really a Dickhead....Delisting? Pls share with us your dicky knowledge how this company can get delisted? Any need to go for capital reduction? Any gearing ratio? Net current liability? How?

RainT, if you would take the time to read 2 page in their Annual Report or even their quarterly report and see any of these words like Hire Purchase, Overdraft or Term Loan....pls let me know cos i could not find them at all in the Annual Report for the past 20 years. The only new item in the report is Lease Liability which arise out of accounting standard MFRS 16 and not due to actual borrowings....finance cost here is the unwinding of the impact of the accounting standard..it was not due to any borrowings at all. The gearing of this company is NIL.

Dividend was paid out of their profit...as as 31 Dec 2019.....YTD PAT is RM51.5m.
11/03/2020 3:25 PM
Jeffreyteck TP PE=12.
17/03/2020 10:14 AM
gooddaymate good day mate, amway? hmmm....crikey
18/03/2020 1:28 PM
gooddaymate crikey
19/03/2020 1:54 PM
gooddaymate crikey
20/03/2020 11:49 AM
gooddaymate yikessssssssssssss
23/03/2020 12:53 PM
EatCoconutCanWin Amway potential to develop covid19 vitamin supplement waiting approval from WHO.
05/04/2020 6:56 PM
Lyo82 Long life Amway..
06/04/2020 9:30 AM
offshore With this covid19, this company should benefit but not sure if they have enough stock to sell and able to deliver to customers quickly.
07/04/2020 11:51 PM
enigmatic ¯\_(ツ)_/¯ impossible to benefit when direct sales is impacted by MCO.
without Amway agents going to meet clients, how to generate more sales?
Amway still seems like a good company though
09/04/2020 10:04 PM
mwatcher123 With MCO, social distancing and all that, dividends are likely to be scrapped. A fair share price should be RM3.00
17/04/2020 11:24 AM
marvo88 this stock is really holland liao
16/05/2020 12:03 PM
Hafid Amway still expensive
17/05/2020 12:07 PM
sheldon The silver lining is that with many being unemployed, more may join as agents.
29/05/2020 5:45 AM
sheldon As shareholders, we want to be able to assess the impact of exchange rate movements on the bottom line. There have been instances where the MYR had appreciated significantly & I'm jumping for joy. Turned out that they had to some degree hedged the exposure.

I asked several AGMs ago about its hedging policy. The board was reticent in its response. Then I realised why - they probably practiced transfer pricing.
29/05/2020 6:00 AM
Gtrade If you had the good fortune to have bought 100 shares of Microsoft at the $21 offering price that day and sat on the investment for 25 years, it would have mushroomed into 28,800 shares over the course of nine stock splits and be worth about three quarters of a million dollars today or 3million rgt !!!
21/06/2020 2:43 PM
DickyMe Already lost more than 50% market value from the high. The suckers who bought above RM10 would pretend that they are happy with pittance dividend.
23/06/2020 4:40 PM
mf Dow Jones 25,241.85 -204.09 0.80%
Nasdaq 9,832.42 -76.745 0.77%
25/06/2020 9:51 PM
Gtrade i check with one Amway high ranking distributor about Mar ,Apr,May ,June sales, he told me sales of his downline are good inspite of covid-19 lockdown . So while tourism,hotel,construction,property sectors are badly affected, MLM company like Amway is "OPEN" as per normal. Orders keep coming in through the internet. No MCO FOR AMWAY
30/06/2020 10:58 AM
indexnoobie123 hahahaha
30/06/2020 11:00 AM
ivanlau the name of " amway " just let us feel like " old uncle or aunty " business ..... " direct sell " concept no more working for the young people , they tend to do on line shopping .... but definitely not on line shopping amway products......
04/07/2020 8:32 PM
sheldon Some information that I gathered at the recent AGM:

a) Business shifted from 30% to 100% on-line

b) Great surge in demand for health supplements & air-purifying equipment (due to COVID)

c) Impairment of goodwill RM1.5m relate to Brunei operations. Due to measures put in, the Brunei business is turning around

d) FX is fixed with HQ - Favorable for the financial year. Negotiated yearly based on past year's average.

e) Co acting on unauthorised selling of Amway products - on the basis that it cannot guarantee the legitimacy of the products.

f) Management intends to make it "10X easier" for ABOs to acquire customers
09/07/2020 10:06 AM
MaYun The liquidity of this stock is too low.
The best option would be splitting it to 5x, make everyone can buy and once the trading volume improve I think there will be a better chance for her to move much better....
11/07/2020 11:30 AM
11/07/2020 11:31 AM


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