Fibromat says its growth and valuations attractive
Stephanie Jacob | 17 May 2019 00:30
Fibromat (M) Bhd believes that its potential to deliver doubledigit topline growth in the coming years and its attractive valuations present a good investment case to prospective investors.
The Selangor-based company is set to become the first erosion control and geosynthesis company to list on Bursa Malaysia’s LEAP market. Fibromat has a tentative listing date of May 30, subject to the approval of the market regulator.
Fibromat is mainly involved in the design and installation of erosion control solutions, manufacturing of in-house erosion control products and trading of geosynthetic and erosion control products. It has three main segments, namely design and installation services, manufacturing, and trading. The company’s solutions are used to manage erosion on slopes, river banks and embankments.
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