Halex ... IPO

Its businesses are grouped into three segments: agro-based input (agrochemicals and agro-biotechnology), horticulture and healthcare disposables.

It is principally involved in the manufacturing, formulation, repackaging, distribution and agency of agrochemicals; propagation of ornamental plants; propagation and sales of foliage cuttings, potted and festive plants; and manufacturing and distribution of healthcare are disposable products.

The group’s mainstay is agrochemicals, which accounts for around 60% and 53% of its FY2009 ended Sept revenue and gross profit.

Its range of agrochemicals consists of pesticides, fertilizers and other related products and it has more than 111 products registered with the Pesticides Board of Malaysia.

Overseas markets are key to Halex’s growth. Exports its agrochemicals to more than 10 countries with 24% of its FY2008 revenue coming from abroad.

Its threats are the competitive agrochemical industry, illegal pesticides, dependence on the agriculture sector, off patent products, potential for order backlog, product defects and etc …