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This quarter, the company’s performance was led by its BMD (Building Materials) segment, which grew about 10% to RM21.29M thanks to strong demand for engineering wire mesh, while CME (Construction Engineering) faced a weaker quarter with revenue falling 19.2% to RM19.55M due to lower demand for modular shoring systems, although its rental and construction services remained stable.
Meanwhile, PMCP (Polymer Materials) emerged as a growing contributor, increasing to RM2.16M through exports of eco-friendly polymer panels to markets such as Algeria, India, and Uganda, and PC (Prefabricated Solutions) posted the fastest growth, rising 60% to RM1.06M on stronger lifting accessory sales. In contrast, DDE (Digital Design) saw a slight decline to RM0.85M as several projects had already been completed last year.
Strong performance from the BMD segment, engineering wire mesh demand continues to be the key growth driver. Hopefully CME demand recovers in the coming quarters.
Plytec use BIM technology like this confirms their long term value as they become the go-to for construction digitalization, it can give them a serious edge over the traditional players
PLYTEC chart pattern showing steady recovery now so just hold tight and see if the momentum can sustain. No need to rush into taking profit yet until we see clearer breakout signs from the resistance level.
