OASIS HOME HOLDINGS BERHAD

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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.

Open to apply: 25/04/2025
Close to apply: 09/05/2025
Balloting: 16/06/2025
Listing date: 28/05/2025

Share Capital     
Market cap: RM140 mil
Total Shares:  500 mil shares
1st day listing tradable shares:  178.74 mil shares

Industry CARG     
1. Live commerce in Southeast Asia (2018-2024e): 110.9% 
Consumer lifestyle products sales value in Malaysia (2017-2024)
1. Home and living products: 5.0%
2. Beauty and personal care products: 7.6%
3. Apparel and fashion products: 4.1%
4. Wellness products: 8.0%

Consumer lifestyle products sales value in Singapore (2017-2024)
1. Home and living products: 3.8%
2. Beauty and personal care products: 4.4%
3. Apparel and fashion products: 2.5%
4. Wellness products: 4.5%
Industry competitors comparison (net profit%)
1. Oasis Group: 14.7%
2. New Me Marketing Sdn Bhd: 0.4%
3. 123 Live Mall Malaysia Sdn Bhd: 4.8%
4. Fortuna Express Sdn Bhd: 1.5%
5. QR Oyes Sdn Bhd: losses 
6. Elite High Sdn Bhd: losses

Business (FPE 2025)      
Marketing and selling of consumer lifestyle products, with live commerce and our mobile application and website as main sales channels since FYE 2023
Revenue by Segment
1. D2C segment: 99.08% (Live Commerce: 71.32%)
2. B2B segment: 0.02%
Revenue by Geo
1. Malaysia: 98.79%
2. Singapore: 1.21%

Fundamental   
1.Market: Ace Market
2.Price: RM0.28
3.Forecast P/E: 17.39
4.ROE(Pro forma): 9.24%
5.ROE: 15.26%(FPE2025), 27.01%(FYE2024),  20.3%(FYE2023), 26.85%(FYE2022)
6.Net asset: 0.11
7.Total debt to current asset: 0.43 (Debt: 24.397mil, Non-Current Asset: 23.824mil, Current asset: 56.511mil)
8.Dividend policy: 30% PAT dividend policy.
9. Shariah status: Shariah

Past Financial Performance (Revenue, Earning Per shares, PAT%)   
2025 (FPE 30Nov, 5mths): RM33.426 mil (Eps: 0.0104), PAT: 15.54%
2024 (FYE 30Jun): RM54.821 mil (Eps: 0.0161), PAT: 14.72%
2023 (FYE 30Jun): RM39.966 mil (Eps: 0.0099), PAT: 12.30%
2022 (FYE 30Jun): RM40.884 mil (Eps: 0.0107), PAT: 13.05%
***we are not follow prospectus book pg174 EPS. EPS above using enlarged 500mil shares.

Major customer   

Over 90% customer is D2C customer. Didn’t have single major large customer. 

Major Sharesholders     
1. Datuk Teoh Yee Seang, aged 45 : 35.05% (direct), 25.2% (indirect)
2. Datin Tang Jing Wen, aged 36: 4% (direct)
3. Oasis Management Team: 25.2% (direct)

Directors & Key Management Remuneration for FYE2025    
(from Revenue & other income 2024)
Total director remuneration: RM1.540 mil
key management remuneration: RM0.4 mil – RM0.5 mil
total (max): RM2.040 mil or 8.36%

Use of funds

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is mid risk investment, and also come with mid-high grow return opportunities. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter .result to adjust forecast of fundamental value of the company.