O&G in Johor
The most intensive oil and gas activity in Malaysia is presently...
To transform Johor into a Sustainable, World-Class Downstream Oil and Gas Hub
Johor Petroleum Development Corporation Berhad or JPDC was incorporated on 9 April 2012 as a federal agency by virtue of being a wholly owned subsidiary of Malaysia Petroleum Resources Corporation (MPRC).Learn More
Projects such as the PIPC are the drivers behind decreasing federal dependencies on commodities, as we won't be relying on locally produced crude oil. We'll be importing, adding value by processing the materials onsite, and basically moving Malaysia up the chain.Mohd Yazid Ja'afar — CEO, JPDC
Pengerang Integrated Petroleum Complex (PIPC) is a national petroleum project worth approximately RM170 billion
This project is part of Malaysia's Economic Transformation Programme (ETP) which emphasizes on the development of the downstream oil and gas sectors in the State of Johor.
Its strategic positioning and development is expected to create an economic spin off for the Malaysian economy.
The development of the PIPC project is monitored by Johor Petroleum Development Corporation (JPDC) Berhad, a federal government agency that works closely with the state of Johor through its Economic Planning Unit (UPENJ).Learn more
We maintain our BUY call on Serba Dinamik Holdings (Serba) with an unchanged sum-of-parts-based (SOP) fair value of RM6.50/share, which implies an FY19F PE of 20x — 33% below Dialog’s 30x, the company’s closest peer in Malaysia.Jan 17, 2019
We reiterate our BUY recommendation on Dialog Group with a lower sum-of-parts-based (SOP) fair value of RM3.66/share (from an earlier RM3.90/share), which implies an FY20F PE of 38x – 17% below its 5-year peak of 46x. Our SOP values the 650-acre buffer land in Pengerang at RM80 psf.Jan 16, 2019