DKSH

DKSH

Postby winston » Fri Jun 28, 2019 8:24 am

not vested

Trading Buy: DKSH - 5908
(Last price: RM2.66, Potential upside +12.8%)

Company Profile
DKSH is a leading Market Expansion Services provider for companies who want to grow their business in Malaysia. DKSH Malaysia offers more than 180 clients and 17,000 customers a comprehensive portfolio of services along the value chain.


Trading Catalyst

DKSH acquired Auric in March 2019 for c.RM481m, where Auric is involved in the distribution of chilled and frozen products and food services channel in Malaysia (Auric’s average profit margins are c.7% compared to DKSH’s 1-2%).

Also, we believe its in-house butter and margarine brands SCS and Buttercup could contribute positively to the 2Q19 results on the back of higher sales during Hari Raya festivities.

In 1Q19, this Famous Amos business segment has grown c.15.6% YoY in 1Q19, contributing c.10% to the total revenue due to the improvement in per store revenue growth on the back of more outlet openings.

Technical View
Resistance: RM2.75 / RM2.87 / RM3.00
Support: RM2.58 / RM2.54
Cut loss: RM2.48

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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