Expansion in Latin America to bolster DXN’s earnings

The group's recent foray into new markets, such as Brazil and Argentina, is experiencing promising sales and member recruitments.

PETALING JAYA: DXN Holdings Bhd’s growth trajectory remains dependent on its continued expansion into Latin America, according to analysts.

Maybank Investment Bank Research (Maybank IB Research) said its financial year earnings growth projections of 12% year-on-year (y-o-y) for DXN’s next financial year is based on the group’s existing presence in core markets such as Peru, Bolivia, Mexico and India.