KUALA LUMPUR: AME Elite Consortium Bhd, which debut in the main market of Bursa Malaysia today, is optimistic of its growth prospects as it positions itself to meet demand for industrial properties resulting from the ongoing US-China trade war tensions. The integrated industrial property solutions provider is also hopeful of expanding dormitories’ facilities to cater further to the requirements of multinational and local corporations. "In doing so, this will increase our recurring income stream in the future which further enhances our prospects," he said. To promote further growth in this segment, the group intends to duplicate the workers’ dormitories business model for future industrial park developments and proactively monitor and improve the quality of the dormitories as well as its adjoining facilities. The group’s strong 1Q20 performance was mainly due to higher demand for industrial properties resulting from Malaysia’s economic growth, investments in the manufacturing sector as well as ongoing US-China trade tensions.

Source: New Strait Times October 14, 2019 07:18 UTC