Tellimer

MY : DKSH Holdings (Malaysia) - A strong start to the year

1QFY21 core net profit of RM23.9m (+103% yoy) beat expectations, mainly due to stronger-than-expected MD segment revenue and margins. Despite the uncertainty caused by recently tightened movement restrictions, demand for DKSH’s product portfolio should hold up well, in our view. Maintain Add with a higher TP of RM4.20 (10x CY22F P/E)


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers