PETALING JAYA: 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).
This is despite being partially cushioned by strong agrichemical demand underpinned by its existing offerings and also room for sales to improve for its newer products, the research house noted.
Following a recent meeting with Ancom, Kenanga Research said, “We came away feeling a tad cautious on the group’s near-term outlook, but remain positive on its long-term prospects.”
Some of the key takeaways from the meeting include the company’s industrial-chemical cost base undergoing review.
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