KUALA LUMPUR: Fresh from its ACE Market listing debut on Bursa Malaysia, OGX Group Bhd expressed confidence in maintaining robust but sustainable growth over the next 12 to 24 months amid geopolitical tensions in the Middle East.
The group explained its strong growth is fundamentally supported by the rising demand for digitalisation, a steady pipeline of projects and plans to introduce new international brands to its portfolio.
The IT infrastructure solutions specialist also said it is well-positioned, with its local demand-focused business unaffected by supply chain disruptions, despite softer market sentiment surrounding its listing on Bursa Malaysia yesterday.
OGX saw its shares slide as it opened at 28 sen, below its initial public offering (IPO) price of 35 sen per share.
Despite debuting at a modest level, OGX managing director Tan Suan Loong has reiterated confidence in the group’s operations.
“While the share price may be affected in the near term by broader market conditions and geopolitical market developments, we believe these are temporary factors,” he said.
“We are confident that over time, the share price will better reflect the underlying value, fundamentals and growth prospects of the company.
“More importantly, the IPO proceeds will strengthen our position, support our expansion plans and enhance our ability to deliver sustainable long-term growth,” he added.
Additionally, the group highlighted that as an IT infrastructure-focused principal, its business is insulated from the impact of Middle East tensions.
With growing demand for digitalisation, the need for enterprise solutions has only become more urgent.
“This is something companies cannot delay further,” it pointed out, highlighting OGX’s brand-centric, business-to-business model and strong focus on network, cybersecurity, and enterprise data centre infrastructure.
Following its IPO exercise, comprising the issuance of 150 million new shares and an offer for sale of 75 million existing shares, OGX raised RM52.5mil via the public issue.
“Of this amount, RM34.5mil has been allocated for the business expansion comprising acquisition and renovation of a new facility, as well as expansion of the company’s IT infrastructure brands portfolio and geographical footprint,” the group stated.
OGX has also earmarked RM4.5mil for bank borrowings repayment, RM8.5mil for working capital, and RM5mil for listing expenses.
Notably, OGX said it has secured order books worth RM72mil as of Jan 13, 2026, as the group expands operations in Sabah and Sarawak.
However, the group indicated that its order books were based on purchase orders already received, contributing toward OGX’s strategy to solidify its presence in Sabah.
“Demand in Sabah is growing, and we have secured several projects across both the business and education sectors,” Tan said at OGX’s post-listing press conference yesterday.
At 5pm, OGX declined 0.5 sen, or 1.46% to 34.5 sen with 98.31 million shares traded.
