Latest news with #Teoh
The Sun
3 days ago
- Business
- The Sun
Oasis Home banks on Southeast Asia's live commerce boom to scale up operations
KUALA LUMPUR: Oasis Home Holdings Bhd, an omnichannel lifestyle products seller, is banking on Southeast Asia's booming live commerce sector to scale up its operations. CEO Datuk Teoh Yee Seang said the live commerce market in Southeast Asia is anticipated to grow at a compound annual growth rate of 42.5% in the next two years, supported by rising digital adoption and ongoing advancements in payment and logistics infrastructure. 'We strongly believe this industry is no longer just a trend. It has become a real, growing sector especially among millennials and Gen Z, who often turn to platforms like TikTok to make decisions or seek opinions. That's why we're confident the growth ahead will be significant,' he said at a press conference after Oasis Home's listing on the ACE Market of Bursa Malaysia Securities today. Teoh said that while many sellers compete mainly on price on platforms such as TikTok and Shopee Live, Oasis Home's approach focuses on long-term brand trust and consumer satisfaction. 'Over time, people begin to value quality of life, they care more about product quality than just pricing. So, our journeys from the first day, we always emphasise on the product quality and the shopping experience even though it's online and definitely the after-sales service,' he stressed. Oasis Home's share price opened at 28.5 sen, 0.5 sen or 1.79% above its issue price of 28 sen. The stock closed at 28.5 sen also. In the nine-month financial period ended March 31, 2025 (9M25), Oasis Home recorded revenue of RM52.06 million and profit attributable to the owners of the company (net profit) of RM8 million, nearly matching its performance for the whole of financial year ended June 30, 2024, during which it posted revenue of RM54.82 million and net profit of RM8.03 million. Oasis Home's 9M25 performance was primarily driven by the group's live commerce sales channel, which contributed RM35.07 million or 67.36% of total revenue. Other direct-to-consumer channels also contributed, with RM10.39 million (19.95%) from third-party e-commerce marketplaces and digital marketing, RM4.44 million (8.53%) from the company's own mobile application and website, and RM1.26 million (2.42%) from offline sales channels. Sales to corporate clients made up RM0.91 million or 1.74% of overall revenue. To capture further growth in the digital space, Oasis Home has earmarked RM13.7 million from the IPO proceeds to launch five additional live commerce channels on platforms such as Facebook and TikTok, enabling simultaneous live sessions targeting specific product categories and customer demographics. In parallel, the company will allocate RM3.6 million to establish a dedicated fulfilment centre and RM2 million to set up a new headquarters – initiatives that support operational scalability and service efficiency. 'These initiatives are part of our broader plan to strengthen our digital retail infrastructure and improve customer engagement. With a strong foundation in place and growing demand for live commerce, we believe Oasis Home Holding is well-positioned to capture additional market share,' Teoh said. Oasis Home has adopted a dividend policy of distributing no less than 30% of consolidated profit after tax. MIDF Amanah Investment Bank Bhd is the principal adviser, sponsor, underwriter, and placement agent for Oasis Home's IPO.
Malaysiakini
3 days ago
- Politics
- Malaysiakini
PAS should state its stand on Beng Hock's case first
YOURSAY | 'Politicians merely taking advantage of his death.' PN: DAP ministers should speak up on Beng Hock NFA even if they won't quit PW Cheng: To shore up my contention that all politicians cannot be trusted, you can see how Perikatan Nasional is taking advantage of Teoh Beng Hock's case. They are subtly making themselves look good by encouraging DAP to make noise on the no further action granted in Teoh's case. Of course, we know what is in their mind and hearts. Coward: Before we talk about what DAP should and should not do, I want to know PAS' stand on the issue. This is not an issue for political capital, it's about justice and responsibilities. If PAS believe and wants the latter, then speak up. Otherwise, even if it believes that others are doing that (keeping silence), it should hold its tongue. If not, that will be like pot calling the kettle black. Apanama is back: Remember, all these cases were used as political tools when one was an opposition member. Once they come to power, all these cases will be thrown under the bus. This vicious cycle will repeat under different administrations and you can't see a light at the end of the tunnel. DAP has used it, now PAS is using the same case. They are all the same. The family will not get justice under any administration. Regardless of who is running the country, the system is rotten to its core when ordinary citizens are treated as nothing. RedFalcon7124: Well, DAP, your response will be validated in the upcoming election next year. Whether you remain a force to be reckoned with or merely a paper tiger will be known in due course. However, PN will remain a failed coalition marred in corruption and racial politics without any concrete policy to offer. Iceman: All of a sudden, PAS MPs are getting cosy with Teoh's case, even when PAS president Abdul Hadi Awang and his deputy Tuan Ibrahim Man once used his death as an example of 'divine retribution'? Or are they blind, seeing how Bukit Gelugor MP Ramkarpal Singh and lawyer Sangeet Kaur, both from DAP, have been questioning the NFA case since day one? Chefoo: Are these goons talking for Teoh's justice or just to shame DAP? Why is there love for Teoh case all of a sudden now? Where were you guys ever since the case happened? And why can't you guys talk about justice now? It doesn't need to be DAP to champion this issue now. This is just spooking the hornet's nest with bad intentions. KK Voter: Can PN do two things at the same time - attack DAP while also demanding justice for Teoh? Does PN not think that Teoh's family deserves answers, and that he deserves justice? If you only want to attack DAP and have no intention of seeking justice for Teoh, then you are no better than DAP - using the issue for political purposes instead of genuinely seeking justice. The above is a selection of comments posted by Malaysiakini subscribers. Only paying subscribers can post comments. In the past year, Malaysiakinians have posted over 100,000 comments. Join the Malaysiakini community and help set the news agenda. Subscribe now. These comments are compiled to reflect the views of Malaysiakini subscribers on matters of public interest. Malaysiakini does not intend to represent these views as fact.
The Star
5 days ago
- Health
- The Star
Hypermarket, household brand campaign to fulfil wishes of terminally ill children
(From left) Teoh, Ameer, Jamaliah, Nantha Kumaran and Mydin director Datin Dr Siti Hawa Mohd launching the meaningful campaign. — Photos: YAP CHEE HONG/The Star BLENDING commerce and compassion, a hypermarket chain has joined forces with a household brand to make the wishes of terminally ill children come true. Partnering with Procter and Gamble (P&G), Mydin Mohamed Holdings Bhd (Mydin) has launched a 45-day campaign that began on May 15. The campaign is raising funds for the Children's Wish Society of Malaysia (CWS), a non-profit organisation that have been fulfilling the wishes of children with life-limiting ailments in the past 18 years. Titled 'Kami Bawa Senyuman – Jom Tunaikan Impian Kanak-Kanak', the campaign invites the people to buy P&G products at any Mydin branch. For every RM10 spent on these products, P&G will donate 10sen to the CWS cause. Selangor public health and environment committee chairman Jamaliah Jamaluddin believed the campaign would have a big impact on the children. She said a simple wish could mean the world for the youngsters. 'This campaign is an exemplary show of compassion, where the community comes together to support the most vulnerable members of society. Balloons are distributed to children of shoppers at Mydin Subang Jaya. 'It reflects our collective responsibility to help those in need,' she said at the campaign launch at Mydin Subang Jaya, Selangor. Jamaliah said many terminally-ill children were unaware of their challenging circumstances. 'I believe this initiative will not only raise funds but also spread a powerful message of solidarity and support for the underprivileged. 'It's a reminder that as a community, we must always lend a helping hand,' she said. The campaign's efforts, she noted, would also reduce the burden of disadvantaged families, allowing them to focus on spending precious moments with their children without the worry of financial strain. 'It's crucial that we do our part in supporting these families.' Mydin managing director Datuk Ameer Ali Mydin said true business success went hand in hand with social responsibility. 'Through our Mydin Prihatin initiatives, we work closely with supplier partners to amplify the positive impact we can make. 'This campaign, in partnership with P&G and the CWS, transforms everyday shopping into a powerful gesture of hope.' P&G Malaysia and Singapore country manager Nantha Kumaran Kalimuthu said the company aimed to contribute over RM100,000 via the campaign. 'As a company that serves families through our products every day, we feel a deep sense of responsibility to support the communities we live in, especially the most vulnerable members. 'We hope more children will have their wishes come true,' he said. CWS president Teoh Teik Hoong said they have helped fulfil the wishes of over 1,500 children. 'Their wishes include wanting to have gadgets and soft toys, meet their idols, and go for vacation with their families. 'It gives them something to look forward to, something to hold on to during tough treatments and hospital stays,' he said. The Mydin-P&G partnership, he said, would allow them to bring joy, comfort and lasting memories to the young ones and their families. The campaign ends June 30.
Malaysiakini
7 days ago
- Politics
- Malaysiakini
Gerakan: Shame on Anwar and Harapan, apologise to Teoh's kin
After more than a decade of invoking Teoh Beng Hock's tragic death for political mileage, Gerakan president Dominic Lau has called on Prime Minister Anwar Ibrahim and the Pakatan Harapan coalition to issue a formal apology to Teoh's family. Lau expressed deep regret over the authorities' recent decision to classify the reopened investigation into the former DAP aide's 2009 death as 'No Further Action' (NFA), insisting that Harapan owes Teoh's loved ones - and all Malaysians - a clear and honest explanation.
Malaysiakini
23-05-2025
- Politics
- Malaysiakini
Gerakan: Shame on Anwar and Harapan, apologise to Teoh's kin
After more than a decade of invoking Teoh Beng Hock's tragic death for political mileage, Gerakan president Dr Dominic Lau has called on Prime Minister Anwar Ibrahim and the Pakatan Harapan coalition to issue a formal apology to Teoh's family. Lau expressed deep regret over the authorities' recent decision to classify the reopened investigation into the former DAP aide's 2009 death as 'No Further Action' (NFA), insisting that Harapan owes Teoh's loved ones - and all Malaysians - a clear and honest explanation.
