Highlights
KLSE: DKSH (5908)       DKSH HOLDINGS MALAYSIA BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.75   -0.10 (3.51%)  2.75 - 2.78  114,300
Trade this stock for as low as 0.05% brokerage. Find out more.

Financials


Market Cap: 434 Million

Market Cap 434 Million
NOSH 158 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 24-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 24-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2019 [#4]

Latest Quarter: 31-Dec-2019 [#4]
Announcement Date 19-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 31-May-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   61.16%  |    63.92%

Annual (Unaudited) ( EPS: 24.79, P/E: 11.09 )

Revenue | NP to SH 6,455,088  |  39,085
RPS | P/RPS 4,094.36 Cent  |  0.07
EPS | P/E | EY 24.79 Cent  |  11.09  |  9.01%
DPS | DY | Payout % 10.00 Cent  |  3.64%  |  40.34%
NAPS | P/NAPS 3.93  |  0.70
YoY   -12.39%
NP Margin | ROE 0.61%  |  6.30%
F.Y. | Ann. Date 31-Dec-2019  |  19-Feb-2020

T4Q Result ( EPS: 24.79, P/E: 11.09 )

Revenue | NP to SH 6,455,088  |  39,085
RPS | P/RPS 4,094.36 Cent  |  0.07
EPS | P/E | EY 24.79 Cent  |  11.09  |  9.01%
DPS | DY | Payout % 10.00 Cent  |  3.64%  |  40.34%
NAPS | P/NAPS 3.93  |  0.70
QoQ | YoY   20.88%  |    -12.39%
NP Margin | ROE 0.61%  |  6.30%
F.Y. | Ann. Date 31-Dec-2019  |  19-Feb-2020

Annualized Result ( EPS: 24.79, P/E: 11.09 )

Revenue | NP to SH 6,455,088  |  39,085
RPS | P/RPS 4,094.36 Cent  |  0.07
EPS | P/E | EY 24.79 Cent  |  11.09  |  9.01%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   34.65%  |    -12.39%
NP Margin | ROE 0.61%  |  6.30%
F.Y. | Ann. Date 31-Dec-2019  |  19-Feb-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 3 / 4 75.00% 7 / 8 87.50%
Continuous Quarters Of Positive Profit 3 / 4 75.00% 3 / 8 37.50%
Continuous Quarters Of Profit Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted EPS Growth 1 / 4 25.00% 1 / 8 12.50%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 1.61% 1.76%
Average Net Profit Margin 0.60% 0.67%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 3 / 5 60.00% 3 / 10 30.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Years Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE 7.97% 15.25%
Average Net Profit Margin 0.78% 1.22%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 6,455,088 6,455,088 6,455,088 5,209,870 5,764,102
NP to SH 39,085 39,085 39,085 60,755 44,599
Dividend 15,765 15,765 15,765 15,363 15,292
Adjusted EPS 24.79 24.79 24.79 38.54 28.29
Adjusted DPS 10.00 10.00 10.00 9.75 9.70

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -5.95% 0.68% 7.37% -0.32% 3.22%
NP to Owner 61.16% 63.92% -12.39% 77.20% 65.50%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS 61.23% 63.88% -12.40% 77.17% 65.45%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 11.99% 23.90% 0.00% 11.99% 23.90% 7.37% 11.99% 23.90%
NP to Owner 0.00% -12.36% -35.67% 0.00% -12.36% -35.67% -12.39% -12.36% -35.67%
Dividend 0.00% 3.09% 2.62% - % - % - % 0.01% 3.09% 2.62%
Adj. EPS 0.00% -12.36% -35.67% 0.00% -12.36% -35.67% -12.40% -12.36% -35.67%
Adj. DPS 0.00% 3.09% 2.62% - % - % - % 0.01% 3.09% 2.62%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Analyze this stock with MQ Trader system
  6 people like this.
 
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
Shinnzaii Hmm....not bad...but need to cost control....if not net profit margin wont be able to sustain...hmm..hmm
23/04/2019 8:23 PM
cheoky Long term with Dr neoh
11/05/2019 2:32 PM
YAPSS Day 72 of Fundamental Daily, YAPSS will be covering DKSH Holdings (Malaysia) Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #DKSHHoldingsMalaysiaBerhad

Click the on the link to find out more: https://youtu.be/O3aiw1AzDJ8
14/05/2019 11:09 PM
James Ng https://klse.i3investor.com/blogs/general/207163.jsp
[转贴] [DKSH HOLDINGS MALAYSIA BHD:预期于2019年第一季度完成对Auric Pacific(M)Sdn Bhd的收购,这将对2019年营销及分销业务的盈利能力作出积极贡献] - James的股票投资James Share Investing
20/05/2019 11:57 AM
ramada First time loss-making in this 10 years.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5908
31/05/2019 5:12 PM
abang_misai Read carefully. One off expenses is already more than 16mil
31/05/2019 5:19 PM
shpg22 As expected swing to losses. With a gearing of >1.0x D/E, its hard to make profit going forward.
31/05/2019 5:36 PM
31/05/2019 7:49 PM
abang_misai Ya kah?
05/06/2019 7:57 AM
cheoky i trust dr neoh and the price to top 30 is getting cheaper...
07/06/2019 10:47 AM
Jack888 把DKSH換去Pharmaniaga相信会比較好吧!
10/06/2019 7:51 AM
moneykj Uptrend
27/06/2019 9:36 AM
cheoky very good. 又吃又拿
28/06/2019 10:32 AM
cheoky if DIY is rm1000mil cap, impossible DKSH is only RM450mil.
28/06/2019 10:34 AM
moneykj ramada First time loss-making in this 10 years.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5908
31/05/2019 5:12 PM
____________________________________________

Obviously the one wait for good q only buy. Do you think insider also wait for good q only buy? So easy to play share ar? Then everyone just wait q only buy lor. Everyone same method, who going to be winner?
28/06/2019 3:19 PM
Hafid DKSH Holding Ltd. is Trading at 51.15 Swiss Franc which equals
RM212.27.
29/07/2019 11:59 AM
Hafid The acquisition of Auric Pacific's distribution business in Malaysia and Singapore had a positive impact on the operating profit.

https://dksh.com/global-en/home/media/news?id=tag:xml.newsbox.ch,2019-07-16:1081.1080.digest
29/07/2019 12:23 PM
cheoky All in
30/08/2019 6:44 PM
patrick2 will DKSH participate in bidding to supply medicine to govt hospital since pharma concession aldy been terminated?
04/11/2019 11:58 PM
patrick2 will dksh able to compete with pharma?
05/11/2019 9:09 AM
moneykj So far so good. Bot end of 2018. Received once dividend. Small capital appreciation. Long term uptrend.
01/01/2020 3:13 PM
moneykj Share with you all some of my pick of 2020:


Notion
Dksh
Scgm
Mkh
Pesona
Lbalum
02/01/2020 7:54 AM
Sean888 https://www.dksh.com/cs/dksh_com/downloads/1412938838098/full_year_2019_media_release_en.pdf
11/02/2020 11:42 AM
moneykj Very good q. Huat ar..
19/02/2020 5:58 PM
sapurakencana now you know why company control by foreign investor always can give u surprise,even they brought Auric at higher price. But they can turn around the investment into profit within 1 years time.Cheers!
19/02/2020 7:24 PM
sapurakencana CFTrader,did u hold this counter until now? hopefully you still in!
19/02/2020 7:35 PM
tradeview Extremely good results. Long term value pick pays off
19/02/2020 9:37 PM
Cakes Moon Today i buy in at RM2.82
20/02/2020 7:50 PM
Sebastian Power yesterday bought some 2.78-2.85. Hope for the best. This price worth to buy because most people blowing here entry price all RM3-RM4.
21/02/2020 9:27 AM
sapurakencana with EPS 24 cents per annum,you only expect RM3-RM4, pls refer to other consumable stock which have strong repeat order,what is their price now?
21/02/2020 10:21 AM
sapurakencana during coronavirus season,may be we can review back how the necessity product/counter perform during SARS 2003.It may be give u a hints!
21/02/2020 12:45 PM
alpacino moneykj what's your TP. Congrats on your Dksh performance.
23/02/2020 6:08 PM