Boost for Engtex manufacturing margins

KUALA LUMPUR: Engtex Group Bhd is expected to benefit from increased pipe replacements, which could start in the second half of 2024 (2H24), in tandem with a growing focus on water infrastructure in Malaysia.

According to CGS-CIMB Research, the pick-up in pipe replacements orders could even accelerate into 2025 and 2026.

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