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PETALING JAYA: Ancom Nylex Bhd is expected to experience a year of consolidation in financial year 2025 (FY25), with a strong earnings recovery projected for FY26.
PETALING JAYA: Agricultural chemicals (agrichem) and herbicides manufacturer Ancom Nylex Bhd, which bottom line was impacted by higher freight expenses in the first quarter of financial year 2025 (FY25) ended Aug 31, 2024, plans to gradually pass on the cost increases to customers in the coming quarters.
When talking to Lee Cheun Wei about Ancom Nylex Bhd, one would think he is a chemist. But he is very much a numbers person, an accountant by training.
Ancom Nylex Bhd is expected to fare better in the financial year ending May 31, 2025 (FY25) and FY26, driven by stronger agri-chemicals contributions on robust timber preservative orders, as well as better sales of monosodium methanearsonate (MSMA) herbicide, along with newer active ingredients (AIs).
Niche agrichemical producer Ancom Nylex Bhd’s financial year 2024 (FY24) and FY25 earnings are anticipated to remain healthy despite some hurdles in the near term.
Ancom Nylex Bhd has sorted out issues with importing intermediates of Chemical T from China by securing necessary clearance and permits, says Hong Leong Investment Bank Research (HLIB Research).
Ancom Nylex Bhd’s margins are expected to stay firm on the back of a positive outlook for monosodium methanearsonate (MSMA) herbicide, expanded agri-chemical portfolio and healthy timber preservative orders in the near term.
PETALING JAYA: AmInvest Research expects Ancom Nylex Bhd to register a stronger revenue and profit in the second half of financial year 2024 (2H24) compared with 1H24.
Ancom Nylex Bhd expects its growth will be supported by capacity expansion and new products at its agrichemicals segment.
KUALA LUMPUR: In light of the rising geopolitical tension in the Middle East, Ancom Nylex Bhd plans to increase its sales volume of monosodium methanearsonate (MSMA) in a bid to grab market share from its Israel-based rival.
Ancom Nylex Bhd is looking at potentially delivering an earnings growth of about 33% for the financial year ending May 31, 2024 (FY24), supported by healthy demand for agri-chemicals.
KUALA LUMPUR: Ancom Nylex Bhd, which posted a 70.2% jump in net profit to RM20.56mil in the second quarter ended Nov 30 (2Q), expects to perform satisfactorily for the current financial year.
Ancom Nylex Bhd’s agriculture chemicals business is set to benefit from the ban on use of paraquat in Thailand and Brazil.
