RHB Research said BMS will use proceeds from its IPO mainly to fund the expansion of its retail showrooms and distribution centre to reinforce its market presence in the Klang Valley.
PETALING JAYA: BMS Holdings Bhd
, a retailer and distributor of tiles, stone surfaces, bathware and kitchenware, has been ascribed a 15 times price-to-earnings multiple on earnings for its financial year ending June 30, 2027 (FY27), giving its stock a fair value of 31 sen, analysts say.
RHB Research said this is underpinned by BMS’ high earnings growth with a three-year compounded annual growth rate of 19%, and consistent loss-free track record.
