FUND managers were surprised when LCTH Corp Bhd recently launched its initial public offering. They did not know there was such a large, profitable plastics-based company. LCTH earned a net profit of RM46.8mil, with a high net profit margin of 20% last year.
LCTH does not make plastic consumer products, which is the popular image of plastics companies. Instead, it is among those that are original equipment manufacturers (OEM), supplying plastic components and casings to the electrical and electronics (E&E) industry.