Share price chart of PGF Capital Berhad.
PGF Capital Berhad (“PGF”), a niche company with the business of manufacturing glass mineral wool and owns a substantial landbank adjacent to Proton City, had some exciting announcements for loyal investors.
Just today, PGF had entered into a five-year distributorship agreement with Centria Building Material Manufacturing (Shanghai) Co., Ltd.
What’s so special about this agreement?
Centria International is a well-known company globally in terms of providing advanced building materials and solutions, where some of their products are adopted by Fortune 500 companies, in the field of industrial, commercial buildings and data centres.
With energy becoming a key concern for data centre players, Centria Interntional’s mineral wool sandwich panels are able to act as thermal insulators, which means it could lower energy consumption and enhance indoor comfort.
In the context of data centres, lower energy consumption means better efficiency and yield, an important edge over other competitors.
Most importantly, PGF is not someone fresh in the field of mineral wool.
This collaboration will allow PGF to effectively support the data centre industry, without taking on the significant capital expenditure risks.
In fact, prior to this announcement, TA Securities had already initiated a coverage of PGF with a target price (TP) of RM2.76, hinting a strong upside just by their growing manufacturing segment, and the substantial 1,311 acres of landbank adjacent to Proton City, which is ready for development.
With this announcement, it is very likely that PGF will experience another re-rating to above RM3.00 in terms of valuation.
Perhaps, now is a good chance for investors to jump onto PGF!
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speakup
buy ntpm better. more DC = more ppl berak need toilet paper. ntpm make toilet paper. see ntpm link to DC ?
1 month ago