SDS outlines expansion plan for wholesale, retail segments

TheStar Fri, May 19, 2023 12:00am - 11 months View Original


PETALING JAYA: SDS Group Bhd, which manufactures bread and confectionery products for distribution via wholesale and retail channels, reiterated its guidance for expansion in both the wholesale and retail segments.

The company also plans to introduce more stock-keeping units (SKUs) and acquire land in Johor for future expansion, according to Kenanga Research.

The research firm said SDS’ wholesale segment contributed two thirds of total revenue in financial year 2022 (FY22) and will be adding 25 trucks in FY24 to its existing fleet of 281.

A larger fleet will enable SDS to increase the distribution frequencies at its established markets and expand geographically, said Kenanga Research.

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