Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. PETRONAS Dagangan Berhad
  6. News
  7. Summary
    PETDAG   MYL5681OO001

PETRONAS DAGANGAN BERHAD

(PETDAG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PETRONAS Dagangan Berhad : to deploy DC Fast EV Charger at stations in collaboration with Mercedes and JomCharge

11/25/2021 | 10:20pm EST
Kuala Lumpur, 24 November 2021
- PETRONAS Dagangan Berhad (PDB) today entered into a Memorandum of Understanding (MoU) with Mercedes-Benz Malaysia Sdn Bhd (Mercedes-Benz) and EV Connection Sdn Bhd (EV Connection), the operator of JomCharge network in Malaysia, to deploy DC Fast EV charger at PETRONAS stations by the first half of 2022.

The strategic partnership aims to address EV drivers' pain point of insufficient fast chargers in Malaysia. Under this collaboration, PDB plans to strategically install the fast chargers at five PETRONAS stations in the pilot phase, to enable end-to-end coverage between North-South Expressway and part of East-Coast Expressway.

The MoU was signed by PDB's Managing Director and Chief Executive Officer Azrul Osman Rani, Mercedes-Benz's Vice President and Chief Financial Officer Rene Neumann and EV Connection's Managing Director Ir Lee Yuen How.

Speaking at the event, PETRONAS Vice President of Marketing, Ahmad Adly Alias said, "Sustainability is at the core of everything we do and this strategic collaboration signifies another major stride in our efforts to provide cleaner energy in enriching lives for a sustainable future."

"PDB has provided EV charging facilities at our stations since 2017 and one opportunity that we have identified is the demand for faster charging facilities during long distance travel, especially along major highways. Through this partnership, fast chargers will be available at strategic locations leveraging our wide network of PETRONAS stations, making customers' life simpler and better. We view this investment in EV charging facilities a necessary step towards promoting the adoption of EVs in Malaysia," he added.

This tripartite collaboration is also aligned with PDB's future-proof strategy given the inevitable shift to cleaner mobility in the future.

Vice President of Sales & Marketing, Mercedes-Benz Malaysia, Michael Jopp said, "2022 marks the beginning of our Mercedes-EQ model offensive strategy. Mercedes-Benz Malaysia will be introducing a range of our premium all-electric models to define the future of mobility. This is in line with Mercedes-Benz's global strategy to go all-electric by end of the decade where market conditions allow. Therefore, we are fully committed to invest in our local infrastructure together with PDB and EVC to encourage the EV adoption amongst the Malaysian drivers."

Ir Lee said that as one of the early EV charging solution providers, EVC has always believed in the potential of the EVs in Malaysia. "In support of the Malaysian Government's Budget 2022, EVC is delighted to foster this strategic partnership with PDB and MBM in expanding JomCharge DC Fast Charger network in the country. Given the clear policy from the Government, we believe that next year will be a tipping point for EV adoption in Malaysia. This tri-party partnership is a big step forward to support Malaysia in the transition to EVs as part of our Low Carbon Mobility Blueprint (LCMB)."

Disclaimer

Petronas Dagangan Bhd published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 03:19:03 UTC.


ę Publicnow 2021
All news about PETRONAS DAGANGAN BERHAD
2021Petronas Dagangan Berhad Announces the Cessation of Datuk Anuar Bin Ahmad as Non Indepe..
CI
2021PETRONAS Dagangan Berhad Announces the Cessation of Datuk Anuar Bin Ahmad as Non Indepe..
CI
2021PETRONAS Dagangan Berhad Announces the Cessation of Datuk Anuar Bin Ahmad as Non Indepe..
CI
2021Malaysia Airlines flies the first flight in Malaysia using Sustainable Aviation Fuel, P..
AQ
2021PETRONAS Dagangan Berhad Announces the Redesignation of Datuk Anuar Bin Ahmad as Non In..
CI
2021PETRONAS Dagangan Berhad Announces Resignation of Datuk Md Arif Bin Mahmood as Non Inde..
CI
2021PETRONAS DAGANGAN BERHAD : and Malaysia Airlines Flies First Flight Using Sustainable Avia..
PU
2021PETRONAS DAGANGAN BERHAD : Expands Segar@Mesra to Sarawak
PU
2021PETROSNIAGA SDN. BHD entered in to heads of agreement to acquire Petronas Dagangan Berh..
CI
2021PETRONAS DAGANGAN BERHAD : Advocates Safety-First Mindset at Petrol Stations
PU
More news
Financials
Sales 2021 21 674 M 5 176 M 5 176 M
Net income 2021 545 M 130 M 130 M
Net Debt 2021 - - -
P/E ratio 2021 34,9x
Yield 2021 2,91%
Capitalization 18 995 M 4 530 M 4 537 M
Capi. / Sales 2021 0,88x
Capi. / Sales 2022 0,73x
Nbr of Employees 1 416
Free-Float -
Chart PETRONAS DAGANGAN BERHAD
Duration : Period :
PETRONAS Dagangan Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRONAS DAGANGAN BERHAD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 19,12 MYR
Average target price 20,26 MYR
Spread / Average Target 5,95%
EPS Revisions
Managers and Directors
Azrul bin Osman Rani Chief Executive Officer, Director & MD
Farzlina Ahmad Murad Chief Financial Officer
Mohamad Arif bin Mahmood Chairman
Mohamad Imran M. Ashraf Head-Technical Services Division
Yussman Yusof Chief Technology Officer