Coleman's comment on ADNEX. All Comments
Coleman
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At the IPO price, Adnex is valued at RM100 million.

ADNEX, based in Shah Alam, Selangor, has an unbilled order book of RM66 million. About half of the orders from the past two years came from recurring customers, of which 90% are US and European multinational companies.
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Alexander
Sounds like they got decent recurring revenue from solid clients, which is always a good sign for a new listing
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Andrew Ho
According to the Independent Market Research report, Malaysia’s interior fit-out industry was valued at approximately RM2.0 billion in 2024 and is projected to reach RM2.7 billion by 2027
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Benjamin Then
Wah, that's a pretty decent growth projection for the Malaysia interior fit-out scene, eh. Means there could be some good opportunities to explore in that sector.
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