PETALING JAYA: Ancom Nylex Bhd
’s industrial chemicals segment is experiencing a Brent-driven uplift, which is likely to moderate from the second quarter of the financial year 2027 (2Q27) should crude oil prices ease amid any de-escalation in the Iran war, says Hong Leong Investment Bank (HLIB) Research.
In its 4Q ended May 31, 2026, the company saw its core net profit rise quarter-on-quarter by 12.5% to RM25.9mil and its revenue increase by 36.5% to RM608.88mil.
The research house said Ancom Nylex’s strong performance was driven by significant growth in the industrial chemicals segment of 82.5%, underpinned by higher average selling prices following the rise in Brent oil prices, in addition to a modest 5.5% improvement in its logistics segment.
“This was partly offset by weaker agrichem revenue (minus 18.4%), mainly due to a weaker US dollar versus ringgit.”
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