Scientex Berhad’s core business spans across two segments, namely manufacturing and property. Scientex is involved in the manufacturing of stretch films, custom films, specialty products, and flexible plastic packaging with factories in Malaysia, Vietnam, Myanmar, and the U.S. It is also a property player with a focus on affordable housing segment in Peninsular Malaysia.

Scientex’s acquisition spree continued apace in 2019. It is the single largest shareholder of Daibochi Berhad, a flexible plastic packaging (FPP) manufacturer, when it acquired a 61.9% stake in Daibochi in March 2019. Through Daibochi, Scientex also acquired Mega Printing & Packaging Sdn Bhd, another FPP player, in August 2019.

Here are seven things I learned from the 2019 Scientex AGM:

1. Revenue increased 23.1% year-on-year from RM2.6 billion in 2018 to RM3.2 billion in 2019. The manufacturing segment – comprising stretch films, custom films, specialty products, and FPP — recorded a revenue of RM2.4