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Overview
Financial Highlight
HeadlinesBusiness Background Ancom Bhd is an is an investment holding company. The company through its subsidiaries is engaged in the manufacture, trade, and sale of agricultural and industrial chemical products. It also provides out-of-home advertising media services, IT services and sales of computer hardware and software. Ancom derives most of its revenue from Malaysia.
  neonstrife Ancom Nylex Q3 FY22 revenue rose 31.0pc YoY to RM510.0mil KUALA LUMPUR: Ancom Nylex Bhd (ANB) posted a revenue of RM510.0 million for the third quarter (Q3) ended 28 February 2022 (FY22), a surge of 31.0 per cent year-on-year (YoY) from RM389.2 million last year. In tandem with the higher turnover, net profit doubled YoY to RM15.1 million for Q3 from RM7.1 million in the same quarter of FY21. For Q3, the agricultural chemicals (Agrichem) segment reported revenue of RM98.2 million, improving by 15.5 per cent YoY. The industrial chemicals division reported revenue of RM371.9 million for Q3 FY22, improving from RM262.5 million last year. Managing director and group chief executive officer Lee Cheun Wei said the sustained growth momentum was mainly supported by the agrichem division, which saw an increase in orders from export markets and Malaysia. "Plantation operators worldwide have been working hard to fulfil the rising food demand, indirectly resulting in the surge in herbicide prices. "Moreover, the two new agrichem active ingredients rolled out earlier have also contributed to our bottom-line increase," he said in a statement today. Looking ahead, Lee said the company remains upbeat on its agrichem business prospects following visits to key export markets in recent months. "Overall, we anticipate demand from countries such as Thailand, Brazil, and Malaysia to increase. "Meanwhile, ANB faced growth momentum for the industrial chemicals arm with some headwinds in the Q3 of FY22. "Nevertheless, we believe the division's performance will be better over the coming periods as prices for petrochemical products are currently trading at higher levels than their historical averages," he said. For the nine-month (9M) of FY22, ANB's top line increased 32.5 per cent YoY to RM1.45 billion. Net profit jumped 122.0 per cent YoY to RM36.3 million for the period compared to RM16.3 million in 9M FY21. 21/04/2022 10:04 AM  krish52 the whole issues on nylex and ancom are quite complicated for now. hope everything will be fine and good foe everyone. 26/04/2022 8:40 AM klkk B4 the qtr result announced I had been queueing to buy the warrants at 2.70 - 2.75 for almost 3 weeks but couldn't get any. Now with the good results announced suddenly I could get cheaper... I bought yesterday at average 2.60. But today even cheaper! 26/04/2022 12:37 PM JustinLong It's about time market revisit this gem that will continue to churn out impressive results given the top-notch management in driving growth and profitability. 01/06/2022 9:39 PM JustinLong At RM1.10 current price is equivalent to RM3.30 yesterday's price. Seems like the food security theme is back into play :) 02/06/2022 10:27 AM RobertLim It was RM3.15 yesterday and now it is RM1.09 due to the share spilt. But why was my share unit still the same in Rakuten ? I'm currently suffering 65% lossess in Rakuten. Can anyone please advise why ? 02/06/2022 2:47 PM lewis3333 no worry, the remain share split will credit to u 2morow, can trade on next tuesday!! 02/06/2022 3:07 PM roger3210 many ppl will sell when they got the shares on next tuesday, be extra careful ! 03/06/2022 3:56 PM  calvintaneng sunnyspoon The boss keep buying at low what will happen next in his mind ?????????????????????? 10 minutes ago calvintaneng Boss bought 500,000 shares at Rm1.215 more than Rm600,000 per day everyday day for many many months non stop means he will buy Tsh up from Rm1.21 to Rm1.79 again and then higher He never stop could mean he buying all the way to reach Rm3.00 Ancom boss bought all the way from 60 sen to over Rm3.00 non stop so we see Tsh boss doing the same 14/06/2022 6:25 PM SpencerW Game on? 'White knight' to take over the major contractor of JB-Singapore RTS Link://www.theedgemarkets.com/article/wee-white-knight-take-over-major-contra... 28/06/2022 5:05 PM  Michael Kwok Downgrade ancomnylex below 50 cents. Price 87 cents. Date 19/7/2022 6.28pm 19/07/2022 6:28 PM klkk @Michael Kwok, who downgraded AncomNylex to below 50 cents and please share where you read it. 19/07/2022 9:43 PM newbie8080 It's biggest revenue contributor which is the industrial chemical represents 70% of total revenue but only achieve 1.7% profit margin. A 10% drop in ASP due to weaker crude oil will likely push it to losses of more than 5%. Whereas the agricultural chemical has a 14% profit margin but contributes only 30% of total revenue. Preferably, the management should spin off the agrichemical biz to achieve better valuation via independent entity or IPO. 18/10/2022 11:21 AM klkk 万事俱备，只欠东风！with Qtr after Qtr of good results, good recommendations from funds/ research houses, so many times it looked like ready to surge but false alarm that many times...haiya, when is the "eastern wind" coming to this counter? 31/10/2022 10:59 PM  SmallCapAsia Ancom Nylex is a stable and profitable stock to ride out the volatility. Check out more here: https://www.smallcapasia.com/7-stable-malaysia-stocks-for-nov-2022/ 02/11/2022 11:34 AM wallstreetrookieNEW Siew Ka Wei vs Ong Choo Meng vs Vincent Tan Who will win in 2023? 11/01/2023 9:07 AM klkk Ancom Nylex Berhad OUTPERFORM A Proxy to Global Food Security Goal Price : RM1.16 Target Price : RM1.80 By Raymond Ng l ngiy@kenanga.com.my We are initiating coverage on ANCOMNY with an OUTPERFORM call and a TP of RM1.80 based on FY24F PER of 15x, which is at a 30% discount to its larger international peers. We like ANCOMNY for it being: (i) the largest herbicide active ingredients (AI) producer in South-East Asia, (ii) a beneficiary of the widening ban on the paraquat use, and (iii) a proxy to global food production and food security goal. 19/01/2023 12:42 PM wallstreetrookieNEW Siew Ka Wei is richer than Ong Choo Meng. The battle of Malaysian billionaires 08/02/2023 9:41 AM  | |
