TA Securities Downgrades BESHOM to Sell on Weak 1Q Earnings
StockTipRatings ·
TA Securities analyst Liew Yi Jiet has downgraded Beshom Holdings to Sell from Hold, with a lower target price of RM0.58 from RM0.64, implying a 13% potential downside. The company reported weaker-than-expected results, as 1QFY26 core profit plunged 39.6% YoY to RM1.6 million, primarily due to weaker performance in the multi-level marketing (MLM) and retail divisions.
Looking ahead, Liew highlighted that its 2Q is expected to remain challenging in the absence of festive-driven demand and amid continued cautious consumer sentiment towards discretionary spending.
As of 9.20 a.m. on September 29, Beshom Holdings’ share price dropped 1.5% to RM0.66.
The call: TA on BESHOM HOLDINGS BERHAD
- Rating
- Sell
- Target price
- RM 0.580 (from RM 0.640)
- Upside at call
- -9.9%
Liew Yi Jiet's 12-month track record
No.7 of 11 analysts at TA
- Success rate
- 54%
- Average return
- 2%
- Stocks covered
- 23
Consensus target price for BESHOM
Sign up free to see the consensus target, or read the BESHOM target price and analyst ratings.