KUALA LUMPUR, May 14 (Bernama) -- 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.
-- BERNAMA
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