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Elridge is already one of the fastest-growing and most promising companies in Malaysia’s biomass industry. With long-term orders and a clientele comprising Fortune Global 500 companies, coupled with its upcoming move to the Bursa Main Market, it is well-positioned to become a true industry leader.
Solid fundamentals + consistent orderbook from Japan & Indonesia — this counter is quietly building momentum. EPS 2.01, ROE 23%, PE still below 30. With breakout at RM0.605, next target RM0.71 looks very achievable. Mid-term gem in the making.
Elridge (0318) is making waves in the biomass industry, positioning itself as a strong green counter with huge potential. As the demand for renewable energy and sustainable solutions continues to grow, Elridge is well placed to benefit from global ESG trends. With ongoing projects and expanding market reach, this stock presents a solid investment opportunity for long term growth. Definitely one to watch!
