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The intrinsic value of one DXN stock under the Base Case scenario is 1.34 MYR. Compared to the current market price of 0.5 MYR, DXN Holdings Bhd is Undervalued by 63%.
DXN’s MLM model might not be everyone’s cup of tea, but it’s proven to work. Their distributors are growing their business and DXN’s revenue at the same time.
Brazil is the seventh most populous country in the world, and has decent PPP. Therefore, their recent expansion in Brazil will further drive long-term value creation for the company.