Beshom in for weaker earnings on drag in MLM segment

PETALING JAYA: Beshom Holdings Bhd is expected to posts weaker earnings in the near term, owing to a drag in its multi-level marketing (MLM) segment in the wake of inflationary pressures.

CGS-CIMB Research anticipates Beshom to post lower earnings year-on-year (y-o-y) in the fourth quarter of financial year 2023 (4Q23) after a weak 3Q23 showing by the MLM concern.