Scientex’s property arm to provide foundation for earnings growth

The company’s property segment has seen improving performance from higher progress billings and take-up rates.

PETALING JAYA: Scientex Bhd’s property division will likely continue to provide a growth catalyst for its earnings while the plastics packaging business faces competition from foreign rivals, analysts say.

The company’s property segment has seen improving performance from higher progress billings and take-up rates of between 70% and 80% for its ongoing launches while its unbilled sales amounted to RM2bil.