Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Malacca Securities noted that Polymer Link’s entry into the Australian market is already paying off, with revenue from the segment growing at an astonishing 1,700% compound annual growth rate (CAGR) over the past two years. The segment is projected to reach RM20.6 million in FY2025.
Polymer Link, which specialises in the formulation, compounding, and grinding of plastic powder for both general and specialty applications, plans to leverage its IPO proceeds to expand its footprint abroad. About 20.7% of the proceeds (approximately RM5 million) will go towards establishing a 2,500 sq ft warehouse near Brisbane Port, strategically located close to one of its major customers, Tankpool.
Polymer Link is seeing steady earnings, with revenue growing about 10% annually and PATMI jumping 25% from FY2023 to FY2024. The company keeps its margins healthy, consistently around 26-28%. A huge chunk of its sales, over 90% comes from the Asia-Pacific region, which gives it some nice FX diversification.
