Monday, April 28th, 2025

Beshom Holdings Bhd: Steady Sales Growth Across MLM and Retail Sectors

Date of Report: October 1, 2024
Broker: CGS-CIMB Securities Malaysia Sdn. Bhd.

Company Overview

Beshom Holdings Bhd is a diversified Malaysian company involved in multi-level marketing (MLM), retail, and other sectors. The company has a broad business portfolio, with its MLM and retail segments being key revenue drivers.

Financial Performance

Beshom Holdings has maintained steady growth in sales across both its MLM and retail sectors. This improvement in sales highlights the company’s resilience and ability to adapt in a competitive market environment. Despite challenges in the broader economy, Beshom’s performance in these sectors remains robust, contributing to overall business stability.

Investment Recommendation

The report retains a “Maintain Hold” recommendation on Beshom Holdings, with a target price (TP) of RM0.95. The company’s steady sales growth in key segments supports this outlook, although there are no significant immediate catalysts to shift to a more aggressive rating.

Conclusion

Beshom Holdings continues to show improving sales trends across its MLM and retail divisions. The company’s balanced portfolio and steady performance provide a solid foundation for maintaining a hold position, with a focus on long-term growth potential. The target price of RM0.95 reflects a cautiously optimistic outlook, grounded in consistent sales performance.

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