DXN Promotes Chief Marketing Officer Prajith Pavithran to CEO
Nutraceutical products manufacturer DXN Holdings Bhd (KL:DXN) has appointed its chief marketing officer Prajith Pavithran as its new chief executive officer.
DXN Logs Higher Profit in Fiscal Q4 as Revenue Rises
DXN Holdings' (KLSE:DXN) profit attributable to shareholders jumped to 79 million ringgit in the fiscal fourth quarter ended Feb. 29, from 55.2 million ringgit a year earlier. Earnings per share rose
DXN Climbs Over One-month High, Analysts See Positive Outlook
KUALA LUMPUR (April 24): Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.
DXN's 4Q Net Profit up 43%, Seeks to Expand Market Presence in Brazil
DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.
DXN Sees Profitable Brazil Ops by 2025, May Be Main Revenue Source in Next Five Years
Health supplement firm DXN Holdings Bhd expects its Brazil operations to turn profitable by 2025, with potential to become its main market by revenue in the next five years.
DXN Logs Higher Profit in Fiscal Q3
DXN Holdings (KLSE:DXN) said profit attributable to shareholders grew to 78.4 million ringgit in the fiscal third quarter ended Nov. 30, 2023, from 67.3 million ringgit a year earlier. Earnings per sh
DXN Winds Up Russian Unit
DXN Holdings (KLSE:DXN) said its shareholders approved the dissolution of its dormant Russian unit, DXN RUS, according to a Friday filing. DXN RUS was incorporated on April 19, 2019, and has issued an
DXN Buys Back Shares
DXN (KLSE:DNX) purchased 200,000 shares on Wednesday for 132,600 ringgit, according to a same-day bourse filing. The shares were purchased between 0.665 ringgit and 0.660 ringgit apiece, the health fo
DXN Repurchases Shares
DXN Holdings (KLSE:SYGROUP) bought back 189,000 shares on Tuesday for 124,816 ringgit, according to a same-day bourse disclosure. The shares were repurchased at between 0.655 ringgit and 0.675 ringgit
DXN Holdings Posts Flat Profit, Higher Revenue in Fiscal Q2; to Pay Dividend
DXN Holdings (KLSE:DXN) said profit attributable to shareholders rose marginally to 76 million ringgit in the fiscal second quarter ended Aug. 31 from 75.8 million ringgit a year earlier. Earnings per
DNX, European Wellness Centers to Establish Wellness Centers
DXN Holdings (KLSE:DXN) signed a memorandum of understanding with European Wellness Centers to explore collaboration opportunities in establishing wellness centers. Under the tie-up, the companies wi
DXN, UOC to Explore Opportunities for Student Internship Programs
DXN Holdings (KLSE:DXN) signed a memorandum of understanding with UOC to further explore opportunities for student internship programs for research purposes. Under the tie-up, the companies will explo
DXN, MHHO to Jointly Develop Integrative Medicine Facility
DXN Holdings (KLSE:DXN) signed a a memorandum of understanding with the Malaysia Holistic and Herbal Organisation (MHHO) to jointly establish an integrative medicine facility. Under the tie-up, the co
DXN Profit Improves Slightly in Fiscal Q1; to Pay Dividend
DXN Holdings (KLSE:DXN) said profit attributable to shareholders improved marginally to 77.6 million ringgit in the fiscal first quarter ended May 31, from 77.2 million ringgit a year earlier. Earning
DXN Holdings Looks Set to Deliver Sustainable Growth -- Market Talk
0439 GMT - DXN Holdings looks set to deliver sustainable growth, driven by growth in distributor-member base and its expansion into high-potential new markets, RHB IB analyst Soong Wei Siang says in a
RHB IB Sees DXN in a Strong Position to Deliver Sustainable Growth
RHB Investment Bank Research (RHB IB) has maintained its “buy” rating on health and wellness direct selling group DXN Holdings Bhd at 75 sen with an unchanged target price (TP) of 93 sen, and said DXN’s 1QFY2024 results met expectations with a robust topline growth, on the back of positive traction in key markets more than offsetting the effects of a higher effective tax rate (ETR).
Maybank IB Starts Coverage of DXN Holdings, Target Price 90 Sen
Maybank Investment Bank (Maybank IB) has initiated coverage on health and wellness direct selling group DXN Holdings Bhd at 72 sen with a target price of 90 sen and estimated a three-year (FY2023-FY2026) core net profit compound annual growth rate (CAGR) of 12%, largely driven by a three-year revenue CAGR of 16%, stable operating margins of 29% from FY2024-FY2026, and an effective tax rate of 37% per annum.
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