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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).
KUALA LUMPUR: HLIB Research has reduced Ancom Nylex Bhd's projected earnings for the fiscal years 2024, 2025, and 2026 (FY24/FY25/FY26) by 11 per cent, 9 per cent, and 5 per cent respectively.This adjustment is attributed to delays in bringing Chemical T to ...
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.
KUALA LUMPUR: Ancom Nylex Bhd's 34%-owned subsidiary Ancom Logistics Bhd (ALB) has proposed to acquire the entire share capital of Green Lagoon Technology Sdn Bhd for RM120mil, in exchange for one billion new shares in ALB at an issue price of 12 sen per share.
Ancom Nylex Bhd (ANB) has registered a 21.6% year-on-year jump in its net profit for the financial quarter ended Feb 29, 2024 (3QFY2024), attributable to improved margins for its agricultural chemicals and industrial chemicals divisions.
Kenanga Research expects Ancom Nylex Bhd’s performance will continue to be weighed down by weak margins for industrial chemicals in the second half of its financial year 2024 (2H24).
After failing to submit its regularisation plan, which led to the suspension of its shares on Feb 7, Nylex Malaysia Bhd has now been given another six-month extension by Bursa Malaysia Securities Bhd to address its Practice Note 17 (PN17) status.
Shares of Nylex (M) Bhd fell as much as 10.5 sen or 34% in active trade on Tuesday morning, following news that the counter will be suspended from trading eight days from now on Feb 7.
KUALA LUMPUR (Jan 29): Nylex (Malaysia) Bhd will see its shares suspended from trading effective Feb 7, after failing to submit a regularisation plan to address its Practice Note 17 (PN17) status by the extended deadline of Jan 26.
Nylex (Malaysia) Bhd, which has been unable to submit a regularisation plan to address its Practice Note 17 (PN17) status by the extended deadline of Friday, said it is submitting an appeal against Bursa Securities' decision to suspend and delist its shares.