Oasis Home gears up for ACE Market listing with strong growth outlook
KUALA LUMPUR: ACE Market-bound Oasis Home Holding Bhd is poised for strong financial growth over the next three years, fuelled by the group's stronger sales from its live commerce segment.
Public Investment Bank Bhd (PublicInvest) expects the company's revenue to grow by 11 per cent to 38 per cent between financial year 2025 and 2027 (FY25-27), fuelled by the group's strategic expansion of live commerce channels and recruitment of additional live hosts.
"We also expect Oasis Home to be one of the beneficiaries from the booming live commerce industry in Southeast Asia," the firm said.
The live commerce market in Southeast Asia is projected to grow at a compound annual growth rate (CAGR) of 42.5 per cent, reaching US$76.6 billion by 2027, according to data from Providence.
"Therefore, we are projecting the group's earnings to increase by 20-50 per cent for FY25-27, driven by stronger sales coupled with better economies of scale," PublicInvest added.
The firm also forecasts a 30 per cent dividend payout, in-line with the company's dividend payout target of minimum 30 per cent, representing a dividend yield of around 3.0 per cent.
On net gearing, PublicInvest said Oasis Hiome is in a healthy financial position, given its net cash position of RM26.2 million based on its pro forma consolidated statements of financial position.
As Bursa Malaysia's first listed live commerce marketing company, the firm said the company lacks a direct peer.
"We have benchmarked the stock against Bursa Malaysia's Consumer Products Index, which trades at 14 times forward price-to-earnings (P/E), ascribing a 20 per cent to derive a fair value of 36 sen based on 11 times to earnings per share (EPS) of 3.3 sen for calendar year 2026 (CY26) of 3.3 sen.
"We find the valuation justified, backed by strong earnings growth from the increase in new live commerce channels and product stock-keeping units (SKUs)," the firm added.
PublicInvest said the company's competitive advantages comes from its omni-channel marketing and selling, evolving from departmental stores to live commerce, mobile application and web platforms to meet changing consumer trends.
The company also offers a wide and growing range of about 5,228 SKUs across home and living, beauty and personal care, wellness and other categories, tailored to market trends and customer
feedback.
It has cultivated a strong and engaged customer base through its multi-channel marketing strategy, leveraging platforms like Facebook, Instagram, and TikTok to build brand visibility and drive traffic.
The leadership team also brings a wealth of industry expertise that underpins the company's strategic direction and growth.
The company is helmed by chief executive officer Datuk Teoh Yee Seang, who brings two decades of experience in marketing consumer lifestyle products, with a strong focus on the home and living segment.
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