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KUALA LUMPUR (Dec 8): Tiles retailer and distributor BMS Holdings Bhd (KL:BMS) expects its first two new Jubin BMS retail showrooms — scheduled to begin operations early next year — to contribute additional revenue of up to RM8.4 million for the financial year ending June 30, 2026 (FY2026).
Chief marketing officer Ang Wei Liang said each new outlet is projected to generate between RM500,000 and RM700,000 per month for the firm which also distributes surface material and sanitary ware. With six months remaining in FY2026 once operations commence in early January, the combined contribution from two showrooms could range between RM6 million and RM8.4 million.
"We are very optimistic with the coming market for renovation, home finishing market," Ang said during the group’s virtual press conference following its ACE Market debut on Monday (Dec 8).
The new outlets are part of BMS’s larger expansion plan to open eight retail showrooms across the southern and central regions of Peninsular Malaysia, including a purpose-built flagship in Seremban and seven outlets in the Klang Valley. Three outlets have been secured.
BMS Holdings currently operates 20 retail showrooms — 16 across Peninsular Malaysia and four in Sarawak — and is the largest tile retailer in Johor. Ang said the company is well positioned to benefit from Johor’s ongoing property and infrastructure boom.
“The property market is actively growing, especially in Johor, and we expect this momentum to continue over the next two to three years. Even if there is a slowdown in the construction sector, Malaysia remains an emerging market where homes are still being built and homeowners continue to renovate," Ang said.
He added that BMS plans to recruit additional project sales personnel to deepen engagement with developers it has yet to work with in the region. Its current developer clients include KSL Holdings Bhd (KL:KSL), Mah Sing Group Bhd (KL:MAHSING), IOI Properties Group Bhd (KL:IOIPG), and a few other unlisted companies.
As part of its expansion, BMS also plans to construct a new distribution centre in the Klang Valley. While the location has not been finalised, the group aims to complete construction or acquisition by 2027, with operations targeted for 2028.
BMS Holdings’ share price fell to 18 sen on its first trading day, below its IPO price of 22 sen. About 95.95 million shares were traded in the morning, giving the company a market value of RM277 million at the last traded price.
Commenting on the counter’s weak debut, Ang acknowledged that the opening price did not meet expectations but said the group remains focused on execution rather than short-term market reactions.
“Our opening price didn’t go as expected. Perhaps we didn’t get the hype and buzz that other companies would typically see during an IPO,” he said. “But we will continue focusing on what we can control — executing our strategic plans and expanding our retail footprint.”
“What matters most are the fundamentals. BMS is a stable, retail-orientated business backed by solid tangible assets. We are a profitable company with healthy cash flow, and we are optimistic about the renovation and home finishing market,” he added.