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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
SkyWorld has launched its 15-year "SkyWorld 2040" strategy, aiming to become one of Southeast Asia's top 30 property developers by 2040. Its first milestone is to achieve RM1 billion in cumulative net profit by 2031.
That take-up rate really show strong demand so the earnings report should look pretty decent this time around. As long as they manage the construction cost well the profit margin will definitely give the share price some good support.