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    PETDAG   MYL5681OO001

PETRONAS DAGANGAN

(PETDAG)
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End-of-day quote BURSA MALAYSIA  -  2022-10-02
20.70 MYR   +3.40%
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PETRONAS Dagangan Berhad : Expands Its Non-Fuel Business with Launch of Café Mesra

07/08/2022 EDT
Kuala Lumpur, 7 July 2022 - PETRONAS Dagangan Berhad (PDB) today launched Café Mesra, a new café venture to grow its non-fuel portfolio in the food and beverage (F&B) business.

Café Mesra offers customers quality coffee and food experience with emphasis on fresh and healthy ingredients, at affordable prices. Café Mesra outlets will be strategically located at selected PETRONAS stations for greater convenience, with a maiden drive-through Café Mesra at PETRONAS USJ20 to cater to motorists on the go.

The café's range of offerings include barista-quality handcrafted coffee, featuring its signature Mesra Latte, that promises a unique latte experience for coffee connoisseurs as well as two new food concepts - Fusion and SayHeart. True to its name, Fusion offers a unique selection of blended cuisine inspired by different people and culture such as Nasi Goreng Mesra and Nasi Goreng Salsa; whilst SayHeart features healthy yet tasty food for the health-conscious such as plant-based Ayam Masak Merah with cauliflower rice, gluten-free plant-based burger and an all-natural decadent Kuih Bar, specially concocted for Café Mesra. Furthermore, SayHeart food items are also locally sourced in support of Malaysia's local farmers and vendors.

At the launch, Chief Executive Officer of Mesra Retail & Café Sdn Bhd, Ian Malcolm Cruddas said, "We look forward to welcoming customers to our cafés. We expect to open and operate 50 Café Mesra outlets throughout Malaysia by the end of the year, including standalone cafés and kiosks."

PDB Vice President and Managing Director/Chief Executive Officer, Azrul Osman Rani said, "Café Mesra is part of PDB's continuous pursuit to make our customers' everyday lives simpler and better. This is yet another initiative where we leverage our existing network and infrastructure to widen our reach, improve our retail offering and future-proof our business."

The all-new Café Mesra is available at 11 PETRONAS stations around Klang Valley and one at Bandar Baru Nilai.

For more information on Café Mesra, visit here.

Disclaimer

Petronas Dagangan Bhd published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2022 03:13:08 UTC.


© Publicnow 2022
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Financials
Sales 2022 28 544 M 6 147 M 6 147 M
Net income 2022 598 M 129 M 129 M
Net cash 2022 2 177 M 469 M 469 M
P/E ratio 2022 34,4x
Yield 2022 2,79%
Capitalization 20 564 M 4 429 M 4 429 M
EV / Sales 2022 0,64x
EV / Sales 2023 0,65x
Nbr of Employees 1 416
Free-Float 13,3%
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 20,70 MYR
Average target price 20,77 MYR
Spread / Average Target 0,35%
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Managers and Directors
Azrul bin Osman Rani Chief Executive Officer, Director & MD
Farzlina Ahmad Murad Chief Financial Officer
Anuar bin Ahmad Non-Independent Non-Executive Chairman
Mohamad Imran M. Ashraf Head-Technical Services Division
Koh Tat Chong Chief Technology Officer
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