Rakuten Trade Sdn Bhd said the sector is also benefiting from increasing demand for sustainable buildings, green-certified developments and modern workplace designs, which are expected to create further opportunities for specialised interior fit-out contractors.

Against this backdrop, the firm said Adnex Group Bhd is well positioned for earnings growth, underpinned by a healthy order book, expansion plans and favourable long-term prospects within Malaysia's interior fit-out industry.

Adnex currently has an outstanding order book of RM28.5 million and a tender pipeline worth RM120 million, providing visibility on future earnings and opportunities to secure additional projects.