Latest news with #DKSH
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
DKSH acquires APN Plastics to boost Asia-Pacific specialty polymers
DKSH Performance Materials has acquired APN Plastics, a specialty polymer distributor with operations in Malaysia and Australia. DKSH has acquired APN Plastics, a specialty polymer distributor with operations in Malaysia and Australia. With over 20 years of expertise, APN serves 270+ clients across five countries and is known for its strength in biomedical and engineering plastics. The move expands DKSH's footprint in Asia-Pacific and supports its growth in specialty polymers and chemicals. By this strategic acquisition, DKSH demonstrates its dedication to expanding its presence in the Asia-Pacific area and strengthening its capacity for value-added distribution in the specialty chemicals industry. 'APN Plastics has spent two decades building strong, strategic relationships across the specialty polymer distribution industry. Joining DKSH marks a significant step forward in accelerating our growth and global presence,' said Ian Hoult, founder and managing director of APN Plastics. 'We are pleased to have APN Plastics on board, to add new capabilities, and to further scale our presence in Australia and Malaysia. We warmly welcome the team and look forward to growing the business together in Asia Pacific and beyond,' Thomas Sul and Natale Capri, co-heads business unit performance materials at DKSH, said in a press release. APN Plastics, which was founded in Melbourne in 2005 and moved to Malaysia in 2015, has established a solid reputation over the previous 20 years by catering to a wide range of clients in sectors including consumer appliances, infrastructure, medical, irrigation, specialty packaging, and transportation. With more than 270 customers in Australia, China, Malaysia, Singapore, and Taiwan, APN Plastics offers extensive technical know-how, especially in biomedical and engineering plastics, and makes more than CHF 25 million in net sales annually. Fibre2Fashion News Desk (VK)
Yahoo
18-05-2025
- Business
- Yahoo
DKSH Holdings (Malaysia) Berhad's (KLSE:DKSH) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of DKSH Holdings (Malaysia) Berhad (KLSE:DKSH) has announced that it will be paying its dividend of MYR0.19 on the 31st of July, an increased payment from last year's comparable dividend. This makes the dividend yield 3.7%, which is above the industry average. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, DKSH Holdings (Malaysia) Berhad's earnings easily covered the dividend, but free cash flows were negative. In general, we consider cash flow to be more important than earnings, so we would be cautious about relying on the sustainability of this dividend. The next year is set to see EPS grow by 27.1%. If the dividend continues along recent trends, we estimate the payout ratio will be 19%, which is in the range that makes us comfortable with the sustainability of the dividend. View our latest analysis for DKSH Holdings (Malaysia) Berhad While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The annual payment during the last 10 years was MYR0.095 in 2015, and the most recent fiscal year payment was MYR0.19. This means that it has been growing its distributions at 7.2% per annum over that time. It's good to see the dividend growing at a decent rate, but the dividend has been cut at least once in the past. DKSH Holdings (Malaysia) Berhad might have put its house in order since then, but we remain cautious. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. We are encouraged to see that DKSH Holdings (Malaysia) Berhad has grown earnings per share at 21% per year over the past five years. Rapid earnings growth and a low payout ratio suggest this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Overall, we always like to see the dividend being raised, but we don't think DKSH Holdings (Malaysia) Berhad will make a great income stock. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. We don't think DKSH Holdings (Malaysia) Berhad is a great stock to add to your portfolio if income is your focus. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. Just as an example, we've come across 2 warning signs for DKSH Holdings (Malaysia) Berhad you should be aware of, and 1 of them is significant. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
14-05-2025
- Business
- New Straits Times
DKSH share price rises in early trade amid strong results
KUALA LUMPUR: DKSH Holdings Bhd share price trended higher in early trade today after posted strong financial result for the first quarter (1Q) of financial year 2025. At 11am, the company's share price rose 24 sen to RM5.23 from yesterday's closing price of RM4.99, with 81,300 shares traded. The company reported a higher net profit of RM48.174 million in 1Q, up from RM40.447 million in the same quarter the preceding year, while revenue jumped to RM2.215 billion from RM2.068 billion a year earlier. Hong Leong Investment Bank said in a note that DKSH remains well positioned to benefit from consumers' better disposable income trend. While some normalisation is expected in subsequent quarters, it remained optimistic on DKSH's prospects given its diverse product mix and favourable domestic catalysts "With a balanced portfolio spanning premium brands and essential consumer staples, DKSH offers resilient exposure to both ends of the spending spectrum," it said, giving a 'buy' call for the company. DKSH business includes provisioning of market expansion services such as marketing, providing sales force, distribution and logistics etc.
The Star
14-05-2025
- Business
- The Star
DKSH shares hit seven-month high after strong quarterly results
KUALA LUMPUR: Shares in DKSH Holdings (M) Bhd rose to their highest in about seven months after reporting earnings in line with expectations in the latest quarterly results. DKSH, one of the top gainers on Bursa Malaysia, rose 5.21%, or 26 sen, to RM5.25 at 9.32 am, its highest level since late October. The counter has gained 6.06% so far this year. In the first quarter ended March 31, 2025 (1Q25), DKSH's net profit rose 19% year-on-year to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Additionally, revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. Hong Leong Investment Bank Research (HLIB Research) said DKSH's latest financial results accounted for 36% of their full-year forecast and 40% of consensus estimates, which it said is broadly in line, considering the seasonal uplift from Chinese New Year and Hari Raya. 'We are encouraged by the strong start to the year, supported by robust festive-driven consumption. While some moderation is expected in the coming quarters due to high base effects, DKSH remains well-positioned to benefit from consumers' better disposable income trend. 'This is underpinned by government initiatives such as the EPF Account 3 withdrawals, civil service wage hikes, and an increased minimum wage, all of which are likely to lift discretionary spending. With a balanced portfolio spanning premium brands and essential consumer staples, DKSH offers resilient exposure to both ends of the spending spectrum,' HLIB Research said. HLIB Research has maintained a "buy" call on DKSH with a target price of RM6.95, based on a P/E multiple of 6.7x on its FY25f EPS. The research house continues to favour DKSH for its diverse product portfolio, which includes both premium and affordable products.
The Star
14-05-2025
- Business
- The Star
DKSH 1Q25 net profit rises 19% on strong sales
The company's revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. KUALA LUMPUR: DKSH Holdings (M) Bhd , which has posted a 19% rise in first-quarter (1Q25) net profit, says it will continue focusing on talent development, digitalisation, and automation. 'The group's strategy remains to grow existing businesses and secure new businesses, improve cost and resource efficiency, manage working capital, and consistently monitor the outlook to navigate the prevailing environment,' DKSH said in a filing with Bursa Malaysia. The trading group expects the economy to maintain its positive momentum in 2025, building on the strong year-on-year (y-o-y) growth achieved in 2024. 'While this outlook is encouraging, it is tempered by evolving global trade policies – including recent tariff adjustments and supply chain realignments – which may impact specific sectors. 'Potential rationalisation of domestic subsidies could introduce new cost dynamics,' it added. In the 1Q25 ended March 31, 2025, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Additionally, revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. It attributed the improved revenue to stronger sales from new and existing clients in the consumer goods and healthcare segments, along with higher outlet sales in the others segment. DKSH added operating expenses for the quarter increased by 6.9% y-o-y to RM2.15bil compared to the corresponding 1Q24 and increased by 7.9% compared to the preceding 4Q24. Furthermore, the changes in operating expenses were largely in line with the movement in revenue with controlled cost measures in selling and distribution expenses. DKSH's consumer goods segment's revenue for the quarter improved by 6.8% on-year to RM1.2bil due to growth from existing and newly secured clients, and seasonal sales due to the timing of festivities in 2025, its filing noted. Its healthcare segment's revenue for the quarter improved by 7.4% y-o-y to RM984mil driven by strong growth from existing and newly secured clients.
