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Chemicals

ANCOM NYLEX BERHAD (ANCOMNY)

Company Score: 5.8/10Data as of: 13 May 2026

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Company Profile

Company Profile: Ancom Nylex Berhad (ANCOMNY)

Ancom Nylex Berhad is a diversified Malaysian conglomerate operating across 6 core business segments, with its growth story centered on a single transformative chemical: MSMA (Monosodium Methanearsonate), an agricultural herbicide that has unlocked access to some of the world's largest agricultural markets. Founded in 1969 and listed on Bursa Malaysia (Code: 4758) under the Chemicals sector, the company is also ✓ Shariah-compliant as certified by Malaysia's Securities Commission Shariah Advisory Council.

The pivotal moment for ANCOMNY came in April 2026, when Brazil - the world's largest soybean producer - approved MSMA for use on soybean crops. Previously approved only for sugarcane applications, this regulatory breakthrough opened a market dramatically larger than anything ANCOMNY had previously accessed.

6 Business Segments

SegmentDescriptionStatus
1. Agricultural Chemicals Production and sale of MSMA herbicide, fungicides, and other agri-chemicals. Key markets: Malaysia, USA, Brazil, Middle East. Primary Growth Driver
2. Industrial Chemicals Manufacturing and trading of industrial chemicals. Being restructured via strategic Thai JV (Topnext International). Strategic Transformation
3. Logistics Ship-owning, land transport, container haulage, and chemicals warehousing. Stable
4. Media Out-of-home (OOH) and digital advertising. Minor contributor
5. Polymer Manufacturing and marketing of polymer products. Stable
6. Investment Holding Group holding company and asset management. Support

Key Company Facts

ItemDetails
Company NameAncom Nylex Berhad
Ticker / CodeANCOMNY / 4758
Bursa SectorChemicals
Established1969
Market CapitalizationRM1.035 billion
Shares Outstanding1,150 million shares
Shariah Status✓ Shariah-Compliant (SC Malaysia)

Thai Strategic Partnership (Dec 2025)

In December 2025, Thailand's Topnext International agreed to acquire up to 50% of Maxlive Sdn Bhd for RM76.8 million. Maxlive holds 6 industrial chemical subsidiaries and terminal assets. This deal unlocks value in the industrial chemicals segment while providing capital injection and opening ASEAN market access.

Nylex Corp Integration

Nylex Corp Berhad was delisted from Bursa in March 2025, having transferred all its assets to Ancom back in 2022. A selective capital reduction was completed to buy out Nylex minority shareholders at 5.1 sen per share (~RM5.3 million), simplifying the group's corporate structure.

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Financial Analysis

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Valuation

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Peer Comparison

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Growth Catalysts

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Conclusion

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