• Metamorphosing from a metal-roll forming and safety-glass manufacturer to an integrated green building solutions provider. Today, Ajiya (listed in Dec 1996) has evolved from being a metal-roll forming and safety-glass (with single digit PAT margin) processing company to become an integrated green building solutions provider, with its new value offering via the better double-digit PAT margin Ajiya’s Green Integrated System (AGIBS). In the last 2-3 years, Ajiya is actively forming partnerships with domestic and regional strategic partners in collaborating and exploring potential business opportunities.
   
• What is AGIBS? The AGIBS represents groundbreaking innovation in the construction industry, driven by its environmentally-friendly and systematic installation which requires less resources. AGIBS is a lightweight steel framing system specifically designed to include trussed headers and pre-punched multiple service holes metal studs and recesses dimples for easy assembly and ensure a flush finish, reinforced with expanded metal rib lath and plastering on both sides of the wall which is filled with cement to enhance performance in terms of water absorption, permeability, sound transmission and impact strength.
   
• In view of the local and regional governments’ effort to build affordable housing schemes and implementation of people-centric projects, the AGIBS housing system is expected to play a vital role in the Group’s trajectory in the domestic and regional markets in the medium to long term. Overall, the Group will be moving towards providing a total solution for the property and construction sectors, focusing on reducing labour requirements and construction time through technologies and quality of the Group’s products.

Source: Hong Leong Investment Bank Research - 25 Jan 2017