Established in 1968, Scientex Berhad has grown into a conglomerate which derives income from two core business segments. First, Scientex manufactures a wide range of plastic packaging products which it exports to clients located in more than 60 countries worldwide. Second, Scientex is a reputable property developer with a number of projects concentrated mainly in Johor, Malaysia.

For many years, Scientex has been a darling for growth investors. This is due to its impressive track record of delivering a strong set of financial results year after year which had led to a long-term appreciation in its stock price. As I write, Scientex is worth RM4.3 billion in market capitalization — around 31 times its market cap of RM135.7 million in 2009.

Recently, Scientex released its latest 2018 annual report. I took the liberty to go through it and, in this article, I’ll give an update on its performance …