KUALA LUMPUR: Radiant Globaltech Bhd (RGTech) expects robust growth momentum ahead, backed by accelerated demand for digitalisation of operations in the retail and industrial sectors.
CGS-CIMB Research, in a note today, said higher adoption of digital solutions to automate business processes (operating efficiency) would drive demand as business continuity issues rise in prominence following the Covid-19 pandemic.
"RGTech's future growth will be fuelled by new customer acquisitions both local and overseas, growth plans of clients (new stores and factories), and further digitalisation efforts of existing customers," it said.
RGTech is an ACE-market listed company providing integrated technology solutions for automation and digitalising purposes, targeting the retail, food and beverage (F&B) and industrial sectors.
CGS-CIMB Research said RGTech completed three acquisitions since October 2020, including an 80 per cent stake in Grand-Flo Spritvest Sdn Bhd for RM11.6 million in October 2021.
It has also, in January 2020, signed a joint venture (JV) with Simat Technologies Public Co Ltd to enter Thailand's F&B market.
"RGTech said these acquisitions and the joint venture are expected to create synergies with its existing businesses, widen its product offerings, and diversify its customer base," the research firm said.
CGS-CIMB Research said RGTech does not appear to have any directly comparable peers listed locally, given its exposure to retail and industrial automation technology solutions.
post mco result is lower than during mco, what a disappointment lack of business synergies from acquired business units, low overseas contribution and laid back management depending too much from 99SP group is not sufficient the only positive is higher cashflow
KUALA LUMPUR (Sept 10): When the Malaysian retail industry experienced its worst performance in over two decades in 2020 contracting by 16.3%, the industry had expected to only recover to pre-pandemic levels in 2024.
However, the latest edition of the Malaysia Retail Industry Report published by Retail Group Malaysia (RGM) revealed that the first quarter of 2022 (1Q2022) and 2Q2022 growth numbers were solid, expanding year-on-year by 18.3% and 62.5% respectively. With retailers expecting yet another jump of 61.7% in the third quarter, RGM is now confident that the industry will recover to levels achieved in 2019 — the year before the pandemic.
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