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ADNEX confirm will fly higher this time If the profit margin keep sustaining like this then the share price definitely going to test new resistance soon
Adnex is also looking to expand its geographical footprint by strengthening its presence in East Malaysia, particularly Sabah, while exploring opportunities in Penang and Johor
Adnex order book is super solid for a small cap and the bid pipeline shows they are really hungry for expansion. If they can convert even half those tenders, the margins are going to look very handsome by next year
ADNEX is looking to grow its presence in more locations, especially in East Malaysia, with a stronger focus on Sabah. At the same time, the company is also exploring new opportunities in Penang and Johor
Rakuten Trade Sdn Bhd said the sector is also benefiting from increasing demand for sustainable buildings, green-certified developments and modern workplace designs, which are expected to create further opportunities for specialised interior fit-out contractors.
Against this backdrop, the firm said Adnex Group Bhd is well positioned for earnings growth, underpinned by a healthy order book, expansion plans and favourable long-term prospects within Malaysia's interior fit-out industry.
Adnex currently has an outstanding order book of RM28.5 million and a tender pipeline worth RM120 million, providing visibility on future earnings and opportunities to secure additional projects.
Renovation sector still got legs but don't anyhow assume demand stay steady forever because interest rate hike is real killer. Just watch their debt level closely
