AGX Group Wins Logistics Deals with Vietnam's Sun PhuQuoc Airways

---

AGX Group Bhd's Vietnamese subsidiary has secured a service agreement with Sun PhuQuoc Airways, a new airline under Sun Group, for cargo forwarding and transportation, as well as customs brokerage services. The agreements will see AGX Vietnam provide end-to-end aerospace logistics support to the airline. The new agreements expand AGX's footprint into Vietnam's rapidly growing aviation logistics industry, as the airline plans to grow its fleet to 35 aircraft by 2027.

AGX Group Bhd's Vietnamese subsidiary has secured a service agreement with Sun PhuQuoc Airways, a new airline under Sun Group, for cargo forwarding and transportation, as well as customs brokerage services. This agreement will see AGX Vietnam provide end-to-end aerospace logistics support to the airline, marking a significant expansion of AGX's footprint into Vietnam's rapidly growing aviation logistics industry.

The new agreements come as Sun PhuQuoc Airways plans to grow its fleet to 35 aircraft by 2027. This growth, coupled with the increasing demand for cargo services in Vietnam, positions AGX Vietnam to play a crucial role in the airline's logistics operations. The agreement highlights AGX's capability to deliver comprehensive aerospace logistics solutions, which is a key factor in its growth strategy.

This development is particularly notable given the robust growth prospects of Argan (AGX) as highlighted by financial analysts. The company has been recognized for its strong earnings growth, cash flow growth, and promising earnings estimate revisions, making it a favored pick among growth investors, according to a Nasdaq article.

---