YOONG ONN CORPORATION BERHAD (YOCB)

Company Profile: Yoong Onn Corporation Berhad (YOCB 5159)

Yoong Onn Corporation Berhad (YOCB) is Malaysia's integrated end-to-end home linen manufacturer, distributor, and retailer. From factory floor to retail shelf, YOCB controls the entire value chain - making it a unique player in the household goods sector on Bursa Malaysia (stock code: 5159).

The company operates across three core segments that work in synergy, spanning the full spectrum from bulk manufacturing to direct-to-consumer retail in both Malaysia and Singapore.

📦 Three Core Business Segments

🏷️ Brand Portfolio (13+ Brands)

YOCB owns more than 13 brands spanning mass market to premium segments:

• Jean Perry - Flagship premium brand, widely recognised across Malaysia
• Novelle - Popular mid-tier brand with strong distribution reach
• AnnTaylor - Stylish linen targeting younger consumers
• Diana - Value-for-money option with reliable quality
• Red Danielle - Upper premium positioning
• And several other brands catering to diverse customer segments and price points

🏨 Hospitality Supply - The Hidden Moat

Beyond retail, YOCB supplies high-quality linen to the hospitality and institutional sector, including:

• Five-star hotels and resorts
• Military and naval vessels
• Cruise ships (international routes)
• Hospitals and medical centres
• Royal and custom specialty orders

This hospitality segment provides a stable, recurring revenue stream that is far less sensitive to discretionary consumer spending cycles.

📍 Shariah Compliance Status

✅ YOCB is a SHARIAH-COMPLIANT stock verified by the Securities Commission of Malaysia. This makes it a suitable investment for faith-conscious investors following Islamic finance principles.

🗓️ Corporate Timeline

• January 2024: Acquisition of T.C. Homeplus - a Singapore-based home linen retailer, adding 11 stores immediately
• Q4 FY25 (Apr-Jun 2025): Fire incident at T.C. Homeplus Singapore operations - ~RM30M write-offs on PPE and inventories, RM15M insurance claim received
• FY26: Singapore operations recovering, Q3 FY26 NP RM12.1M is the strongest quarterly profit in over two years

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