PETALING JAYA: Ancom Nylex Bhd
’s earnings are expected to recover sequentially in the second half of financial year 2026 (2H26), after its recent softer 1H26 results, says Hong Leong Investment Bank (HLIB) Research.
The agrochemical-based group posted a core net profit of RM17.9mil in 2Q26, down 10.6% quarter-on-quarter but rose 63.9% year-on-year, accounting for 44% of the research house’s full-year forecast and 43% of consensus.
HLIB Research said: “While the industrial chemicals segment is expected to remain subdued amid lower average selling prices and margin pressure in a weaker oil price environment, we believe the group’s outlook will be underpinned by the agricultural chemicals segment.”
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