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DLADY) second-quarter net profit surged 63.2% year-on-year, driven by stronger revenue, favourable exchange rate effects and the absence of one-off transition costs incurred a year earlier.
Net profit for the three months ended June 30, 2026 (2QFY2026) came in at RM38.2 million — its highest quarterly profit in five years
we foresee a valuation rerating ahead when DLM starts to deliver steady earnings growth – supported by the progressive contributions from the Bandar Enstek plant. DLM should also be an appealing proposition to yield-seekers given our anticipation of higher payout ahead. Ascribing a P/E multiple range of 18-20x, which is in line with Fraser & Neave’s (FNH MK, NR) forward valuation but at a discount to Farm Fresh’s (FFB MK, BUY, TP: MYR3.06), we value DLM at MYR46.40-51.60.
Ascribing a P/E multiple range of 18-20x, which is in line with Fraser & Neave’s (FNH MK, NR) forward valuation but at a discount to Farm Fresh’s (FFB MK, BUY, TP: MYR3.06), RHB research value DLM at MYR46.40-51.60.
RHB:DLM should also be an appealing proposition to yield-seekers given our anticipation of higher payout ahead. Ascribing a P/E multiple range of 18-20x, which is in line with Fraser & Neave’s (FNH MK, NR) forward valuation but at a discount to Farm Fresh’s (FFB MK, BUY, TP: MYR3.06), we value DLM at MYR46.40-51.60
