Reported Earnings • Mar 27
Third quarter 2026 earnings released: EPS: RM0.008 (vs RM0.007 in 3Q 2025) Third quarter 2026 results: EPS: RM0.008 (up from RM0.007 in 3Q 2025). Revenue: RM35.4m (down 20% from 3Q 2025). Net income: RM2.46m (up 22% from 3Q 2025). Profit margin: 6.9% (up from 4.5% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 07
First half dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 26th February 2026 Payment date: 17th March 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Dec 20
Second quarter 2026 earnings released: EPS: RM0.007 (vs RM0.008 in 2Q 2025) Second quarter 2026 results: EPS: RM0.007 (down from RM0.008 in 2Q 2025). Revenue: RM38.5m (down 6.7% from 2Q 2025). Net income: RM1.94m (down 19% from 2Q 2025). Profit margin: 5.0% (down from 5.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Dec 20
Beshom Holdings Berhad Approves Final Single Tier Dividend for the Financial Year Ended April 30, 2026 Beshom Holdings Berhad announced that the Board of Directors of the Company has declared a single tier interim dividend of 1.0 sen per ordinary share in respect of the financial year ending 30 April 2026. Upcoming Dividend • Nov 12
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 19 November 2025. Payment date: 27 November 2025. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 4.4%. Lower than top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (2.4%). New Risk • Sep 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 7.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (116% payout ratio). Profit margins are more than 30% lower than last year (5.0% net profit margin). Market cap is less than US$100m (RM200.5m market cap, or US$47.5m). Announcement • Sep 25
Beshom Holdings Berhad Approves Final Single Tier Dividend for the Financial Year Ended April 30, 2025 Beshom Holdings Berhad held its 5th Annual General Meeting on September 25, 2025 and approved to declare a final single tier dividend of 1.5 sen per ordinary share for the financial year ended 30 April 2025. Reported Earnings • Aug 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.028 (down from RM0.036 in FY 2024). Revenue: RM155.1m (up 2.6% from FY 2024). Net income: RM8.51m (down 22% from FY 2024). Profit margin: 5.5% (down from 7.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 28
Final dividend of RM0.025 announced Shareholders will receive a dividend of RM0.025. Ex-date: 19th November 2025 Payment date: 27th November 2025 Dividend yield will be 5.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it covered by cash flows (118% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Aug 26
Beshom Holdings Berhad, Annual General Meeting, Sep 25, 2025 Beshom Holdings Berhad, Annual General Meeting, Sep 25, 2025, at 11:30 Singapore Standard Time. Location: ballroom i, level 2, the federal hotel kuala lumpur, no. 35, jalan bukit bintang, 55100, kuala lumpur Malaysia Price Target Changed • Jun 30
Price target decreased by 24% to RM0.64 Down from RM0.84, the current price target is provided by 1 analyst. New target price is 6.7% above last closing price of RM0.60. Stock is down 39% over the past year. The company is forecast to post earnings per share of RM0.05 for next year compared to RM0.03 last year. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: RM0.03 (vs RM0.036 in FY 2024) Full year 2025 results: EPS: RM0.03 (down from RM0.036 in FY 2024). Revenue: RM155.1m (up 2.6% from FY 2024). Net income: RM8.87m (down 19% from FY 2024). Profit margin: 5.7% (down from 7.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from RM0.042 to RM0.033. Revenue forecast unchanged from RM158.0m at last update. Net income forecast to grow 42% next year vs 34% growth forecast for Consumer Retailing industry in Malaysia. Consensus price target down from RM0.84 to RM0.80. Share price fell 4.0% to RM0.72 over the past week. New Risk • Mar 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 466% Dividend yield: 4.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 466% Minor Risk Market cap is less than US$100m (RM221.8m market cap, or US$50.0m). Reported Earnings • Mar 30
Third quarter 2025 earnings released: EPS: RM0.007 (vs RM0.01 in 3Q 2024) Third quarter 2025 results: EPS: RM0.007 (down from RM0.01 in 3Q 2024). Revenue: RM44.5m (up 5.5% from 3Q 2024). Net income: RM2.01m (down 33% from 3Q 2024). Profit margin: 4.5% (down from 7.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 20
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 17 March 2025. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (5.3%). In line with average of industry peers (3.4%). Declared Dividend • Jan 24
First half dividend of RM0.015 announced Dividend of RM0.015 is the same as last year. Ex-date: 27th February 2025 Payment date: 17th March 2025 Dividend yield will be 3.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (161% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 23
Beshom Holdings Berhad Declares Single Tier Interim Dividend for the Financial Year Ending April 30, 2025, Payable on March 17, 2025 Beshom Holdings Berhad announced that the Board of Directors of the Company has declared a single tier interim dividend of 1.5 sen per ordinary share in respect of the financial year ending April 30, 2025, payable on March 17, 2025. Entitlement date is February 28, 2025. Ex-Date is February 27, 2025. Reported Earnings • Dec 21
Second quarter 2025 earnings released: EPS: RM0.008 (vs RM0.008 in 2Q 2024) Second quarter 2025 results: EPS: RM0.008 (in line with 2Q 2024). Revenue: RM41.3m (up 8.9% from 2Q 2024). Net income: RM2.40m (up 3.2% from 2Q 2024). Profit margin: 5.8% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Dec 02
Beshom Holdings Berhad Announces Cessation of Soon Eng Sing as Independent and Non Executive Chairman of Audit Committee Beshom Holdings Berhad announced cessation of Mr Soon Eng Sing as Independent and Non Executive Chairman of Audit Committee. Age is 48. Date of change is December 1, 2024. Composition of Audit Committee (Name and Directorate of members after change): Foong Yein Fun (Member, Independent Non-Executive Director); Prof Hajjah Ruhanas binti Harun (Member, Independent Non-Executive Director) and Dato' Lee Teck Hua (Member, Independent Non-Executive Director). The Company will appoint the Chairman of the Audit Committee within three months of Mr. Soon's cessation of office, in compliance with Paragraph 15.10 of the Listing Requirements. Upcoming Dividend • Nov 12
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 19 November 2024. Payment date: 28 November 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (2.2%). Declared Dividend • Sep 28
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 19th November 2024 Payment date: 28th November 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 26
Beshom Holdings Berhad Approves Final Single Tier Dividend for the Financial Year Ended 30 April 2024, Payable on 28 November 2024 The shareholders of Beshom Holdings Berhad had approved the final dividend of 1.5 sen per ordinary share in respect of the financial year ended 30 April 2024 at the Company's 4th Annual General Meeting held on 26 September 2024. Ex-Date is 19 Nov. 2024. The entitlement date for the dividend payment is on 20 November 2024. The dividend will be paid on 28 November 2024. Reported Earnings • Sep 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.036 (down from RM0.054 in FY 2023). Revenue: RM151.1m (down 13% from FY 2023). Net income: RM10.9m (down 33% from FY 2023). Profit margin: 7.2% (down from 9.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Beshom Holdings Berhad, Annual General Meeting, Sep 26, 2024 Beshom Holdings Berhad, Annual General Meeting, Sep 26, 2024, at 11:30 Singapore Standard Time. Location: ballroom i, level 2, the federal hotel kuala lumpur, no. 35, jalan bukit bintang, 55100 kuala lumpur Malaysia Announcement • Aug 27
Beshom Holdings Berhad Proposes Final Single Tier Dividend for the Financial Year Ended 30 April 2024, Payable on 28 November 2024 Beshom Holdings Berhad announced that subject to the approval of the shareholders at the 4th Annual General Meeting to be held on 26 September 2024, a final single tier dividend of 1.5 sen per ordinary share in respect of the financial year ended 30 April 2024 will be paid on 28 November 2024. The entitlement date for the dividend payment is on 20 November 2024. Reported Earnings • Jun 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.036 (down from RM0.054 in FY 2023). Revenue: RM150.8m (down 14% from FY 2023). Net income: RM10.9m (down 33% from FY 2023). Profit margin: 7.2% (down from 9.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Retailing industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jun 25
Beshom Holdings Berhad Appoints Prof Hajjah Ruhanas Binti Harun as Member of Audit Committee Beshom Holdings Berhad announced that the appointment of Prof Hajjah Ruhanas Binti Harun as member of audit committee. Composition of Audit Committee (Name and Directorate of members after change): Independent and Non-Executive Composition of Audit Committee (Name and Directorate of members after change): 1) Soon Eng Sing (Chairman, Independent Non-Executive Director)2) Foong Yein Fun (Member, Independent Non-Executive Director)3) Prof Hajjah Ruhanas binti Harun (Member, Independent Non-Executive Director). Her age is 73 years. Date of change is June 25, 2024. Announcement • Apr 05
Beshom Holdings Berhad Announces Tay Bee Koo Resigns as the Independent Non-Executive Director, Member of the Audit Committee and the Risk Management Committee Beshom Holdings Berhad announced that Madam Tay Bee Koo resigned as the Independent Non-Executive Director of the Company, Madam Tay shall cease to be a member of the Audit Committee and the Risk Management Committee respectively. Her Age is 63. Date of change is 05 April 2024. Due to other business and work commitments. Reported Earnings • Mar 27
Third quarter 2024 earnings released: EPS: RM0.01 (vs RM0.009 in 3Q 2023) Third quarter 2024 results: EPS: RM0.01 (up from RM0.009 in 3Q 2023). Revenue: RM42.2m (down 1.7% from 3Q 2023). Net income: RM3.02m (up 16% from 3Q 2023). Profit margin: 7.2% (up from 6.1% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 21
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 14 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (2.0%). Declared Dividend • Jan 26
First half dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 28th February 2024 Payment date: 14th March 2024 Dividend yield will be 3.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 101% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jan 05
Beshom Holdings Berhad Appoints Hajjah Ruhanas Binti Harun as Independent and Non Executive Member of Remuneration Committee Beshom Holdings Berhad appointed HAJJAH RUHANAS BINTI HARUN, aged 72, as Independent and Non Executive Member of Remuneration Committee. Composition of Remuneration Committee(Name and Directorate of members after change): Soon Eng Sing (Chairman, Independent Non-Executive Director) and Prof. Hajjah Ruhanas Binti Harun (Member, Independent Non-Executive Director). Date of change is 05 January 2024. Reported Earnings • Dec 22
Second quarter 2024 earnings released: EPS: RM0.008 (vs RM0.013 in 2Q 2023) Second quarter 2024 results: EPS: RM0.008 (down from RM0.013 in 2Q 2023). Revenue: RM37.9m (down 14% from 2Q 2023). Net income: RM2.32m (down 40% from 2Q 2023). Profit margin: 6.1% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Dec 21
Beshom Holdings Berhad Declares Single Tier Interim Dividend for the Financial Year Ending 30 April 2024 Beshom Holdings Berhad announced that the Board of Directors of the Company has declared a single tier interim dividend of 1.5 sen per ordinary share in respect of the financial year ending 30 April 2024. Upcoming Dividend • Nov 14
Upcoming dividend of RM0.02 per share at 5.0% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 30 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (2.1%). Price Target Changed • Sep 29
Price target decreased by 13% to RM0.85 Down from RM0.97, the current price target is an average from 2 analysts. New target price is 17% below last closing price of RM1.02. Stock is down 29% over the past year. The company is forecast to post earnings per share of RM0.055 for next year compared to RM0.054 last year. Major Estimate Revision • Sep 09
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM195.8m to RM172.4m. EPS estimate fell from RM0.07 to RM0.055 per share. Net income forecast to grow 1.7% next year vs 18% growth forecast for Consumer Retailing industry in Malaysia. Consensus price target down from RM1.03 to RM0.97. Share price was steady at RM1.01 over the past week. Reported Earnings • Aug 31
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: RM0.054 (down from RM0.095 in FY 2022). Revenue: RM174.2m (down 17% from FY 2022). Net income: RM16.3m (down 42% from FY 2022). Profit margin: 9.3% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Aug 26
Beshom Holdings Berhad, Annual General Meeting, Sep 26, 2023 Beshom Holdings Berhad, Annual General Meeting, Sep 26, 2023, at 11:30 Singapore Standard Time. Location: Ballroom I, Level 2, The Federal Hotel Kuala Lumpur No. 35, Jalan Bukit Bintang, 55100 Kuala Lumpur Malaysia Agenda: To lay before the Meeting the Audited Financial Statements for the financial year ended 30 April 2023 and the Reports of the Directors and Auditors thereon; to re-elect Director Ms. Tay Bee Koo who is retiring pursuant to Clause 97 of the Company's Constitution; to re-elect the Directors who are retiring by rotation pursuant to Clause 119 of the Company's Constitution; to declare a final single tier dividend of 2 sen per ordinary share for the financial year ended 30 April 2023; to re-appoint Messrs. KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; to approve the payment of Directors' fees amounting to RM155,144 for the financial year ended 30 April 2023; to approve the payment of Directors' remuneration and benefits (excluding Directors' fees) to the Non-Executive Directors up to an amount of RM700,000 from 27 September 2023 until the next Annual General Meeting of the Company; and to consider other matters. New Risk • Jun 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.3% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 173% Cash payout ratio: 316% Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (RM321.1m market cap, or US$68.7m). Announcement • Jun 24
Beshom Holdings Berhad Recommends Final Single Tier Dividend for the Financial Year Ended 30 April 2023 Beshom Holdings Berhad announced that the board of directors of the company has resolved to recommend a final single tier dividend of 2 sen per ordinary share in respect of the financial year ended 30 April 2023, subject to the approval of the company's shareholders at the upcoming Annual General Meeting. Reported Earnings • Jun 24
Full year 2023 earnings released: EPS: RM0.054 (vs RM0.095 in FY 2022) Full year 2023 results: EPS: RM0.054 (down from RM0.095 in FY 2022). Revenue: RM174.2m (down 17% from FY 2022). Net income: RM16.2m (down 43% from FY 2022). Profit margin: 9.3% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 02
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from RM214.2m to RM177.8m. EPS estimate unchanged at RM0.054 per share. Net income forecast to grow 11% next year vs 16% growth forecast for Consumer Retailing industry in Malaysia. Consensus price target down from RM1.32 to RM1.11. Share price fell 7.7% to RM1.08 over the past week. Reported Earnings • Mar 29
Third quarter 2023 earnings released: EPS: RM0.009 (vs RM0.026 in 3Q 2022) Third quarter 2023 results: EPS: RM0.009 (down from RM0.026 in 3Q 2022). Revenue: RM42.9m (down 28% from 3Q 2022). Net income: RM2.60m (down 66% from 3Q 2022). Profit margin: 6.1% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Retailing industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be RM1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. Upcoming Dividend • Feb 20
Upcoming dividend of RM0.03 per share at 5.8% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 16 March 2023. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (1.6%). Announcement • Feb 04
Beshom Holdings Berhad Announces Single Tier Interim Dividend for the Fiscal Year Ending April 30, 2023, Payable on March 16, 2023 Beshom Holdings Berhad announced Single Tier Interim Dividend of 3 sen per share for the fiscal year ending April 30, 2023. Ex-Date is February 27, 2023, Entitlement date is February 28, 2023 and Payable date is March 16, 2023. Buying Opportunity • Jan 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be RM1.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Reported Earnings • Dec 22
Second quarter 2023 earnings released: EPS: RM0.013 (vs RM0.027 in 2Q 2022) Second quarter 2023 results: EPS: RM0.013 (down from RM0.027 in 2Q 2022). Revenue: RM44.1m (down 21% from 2Q 2022). Net income: RM3.88m (down 50% from 2Q 2022). Profit margin: 8.8% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Online Retail industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year. Announcement • Dec 22
Beshom Holdings Berhad Announces Single Tier Interim Dividend in Respect of the Financial Year Ending 30 April 2023 Beshom Holdings Berhad announced that the Board of Directors of the Company has declared a single tier interim dividend of 3 sen per ordinary share in respect of the financial year ending 30 April 2023. The details of entitlement and payment dates of the abovesaid dividend will be determined and announced in due course. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman & Senior Independent Director Chek Ng was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 06
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from RM281.1m to RM241.5m. EPS estimate fell from RM0.13 to RM0.11 per share. Net income forecast to grow 25% next year vs 21% growth forecast for Online Retail industry in Malaysia. Consensus price target down from RM1.81 to RM1.57. Share price rose 4.3% to RM1.47 over the past week. Price Target Changed • Sep 30
Price target decreased to RM1.57 Down from RM1.72, the current price target is an average from 3 analysts. New target price is 10% above last closing price of RM1.43. Stock is down 26% over the past year. The company is forecast to post earnings per share of RM0.11 for next year compared to RM0.095 last year. Announcement • Sep 28
Beshom Holdings Berhad Announces Final Single Tier Dividend in Respect of the Financial Year Ended 30 April 2022, payable on 30 November 2022 Beshom Holdings Berhad announced final single tier dividend of 5 sen per ordinary share in respect of the financial year ended 30 April 2022. Payment Date is 30 November 2022. Ex-Date is 21 November 2022. Entitlement date is 22 November 2022. Reported Earnings • Sep 03
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.095 (down from RM0.13 in FY 2021). Revenue: RM209.6m (down 23% from FY 2021). Net income: RM28.2m (down 27% from FY 2021). Profit margin: 14% (in line with FY 2021). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 34%, compared to a 35% growth forecast for the Online Retail industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Announcement • Aug 30
Beshom Holdings Berhad, Annual General Meeting, Sep 27, 2022 Beshom Holdings Berhad, Annual General Meeting, Sep 27, 2022, at 11:30 Singapore Standard Time. Location: Ballroom I, Level 2, The Federal Hotel Kuala Lumpur, No. 35, Jalan Bukit Bintang Kaula Lumpur Malaysia