Black Horse Dexin Holdings 0.64

DATUK LIM SIOW JIN, the majority shareholder and owner, is 63 years old. The founder of DXN Group, with 25 years of experience in the direct sales industry, is famous worldwide for Ganoderma lucidum coffee. In 2024, he became the 40th richest Malaysian businessman with 525 million. It was listed on the Malaysian Stock Main Board at an IPO price of 0.67 on September 30, 2003... It was acquired and privatized at 1.75 in September 2011. At the time, the stock price was 1.42, with a 23% premium. The boss generously gave back to all shareholders. This is worthy of everyone's praise! It also proves the boss's morality and conscience. After all, there are too many privatized and unscrupulous listed companies in the stock market to witness it.

It was re-listed on May 19, 2023, and the boss said the main purpose was to enhance the company's image. Perhaps many people think that this boss is being honest. After all, 99% of companies go public mainly to raise capital, repay debts, and boost business. But when I discovered that the company's net cash was close to 500 million, it turned out I was being superficial. Dexin Holdings is a cash cow company. What is the idea of raising capital to repay debts? Instead, dividends are generously distributed every quarter.

Direct sales of health products have always been an indispensable supplement for everyone. After all, nothing is more important than one's own health. However, there are many listed companies that do direct sales of health products. Among them, famous direct sales peers include AMWAY, Seagull Beshom, Zhulian... However, if you compare in terms of turnover and net profit, Dexin Holdings is the best. Furthermore, between 2011 and 2024, the company's turnover CAGR reached 16%, and net profit CAGR was a full 20%. The average company Net Margin also reached 20%. The latest fiscal year 2024 had a turnover of 1.8 billion, net profit of 311 million. It's just getting better year by year!! This also explains how the company generated 500 million dollars in net cash.

Maybe everyone only knows Amway, Seagull. It's no wonder, because DXN's business is mainly distributed in PERU 25%, BOLIVIA 15%, MEXICO 14%, INDIA 11%... while Malaysia accounts for only 7% of turnover. It not only made me admire the boss's future-oriented business concept, one world at a time. Beginning in 2024, DXN has also entered Brazil, Agentin, and Ghana, where the population is growing. I believe it will contribute quite a bit of profit in the coming quarter. Also, the boss never gave up on China's cake; after all, China has the largest population in the world. Zhang Hanjin, a senior general of the company, has already gone to China to focus on developing China's business. I believe that in the near future, China will be an important milestone for DXN to reach its peak.

70% of the company's shares are in the hands of family members, while 13% of the shares are controlled by a Singaporean registered foundation. The point is that the company's dividend is also quite high, about 6%, and the company also plans to pay 50% of profits as dividends in the next fiscal year. The stock price is less than 0.70 of the IPO... I'm talking about a completely undervalued dark horse. You can attack, you can retreat!! In addition, the company will also carry out a share buyback, also known as a stock repurchase operation. I believe spring will be here soon.

This story is pure fiction. Any similarities must be coincidental

I wish everyone to invest carefully... control risk