Propel Global Bhd.
MMYX:PGB0.06
MYR
+0.00
(-8.33%)
Propel Global Bhd.
MYX:PGB
(Bursa Malaysia)
Recent
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0.06
P/E
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div
yld
- -
ROIC.AI
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- Business
- Propel Global Berhad is a Malaysia-based investment holding company that operates as an integrated technical solutions provider offering essential services across oil and gas, technical services, information and communications technology, and other segments to industrial clients in Malaysia and internationally. Incorporated in 2020 and headquartered in Kuala Lumpur, the company, formerly known as Daya Materials Berhad until its name change in April 2022, delivers specialized oilfield services through Propel Maxflo including pipe recovery, well intervention and diagnostics, slickline and e-line operations, sand management, production enhancement, specialty chemicals and catalysts supply; heavy machinery and manpower services; engineering, procurement, construction, commissioning, maintenance, project management, and consultancy via Propel Engineering for high-rise buildings, industrial plants, district cooling, infrastructure, petrochemicals, power plants, skidded process systems, and offshore platforms; building construction and ancillary services through Propel Construction for low-rise factories, manufacturing plants, international schools, hospitals, hotels, shop-lots, civil and structural works such as data centre projects; air-conditioning, ventilation, mechanical, and refrigeration systems maintenance; industrial, commercial, residential construction and office facility management; ICT services, hardware, software, and spare parts trading. In recent developments, Propel Global increased its stake in Best Wide Engineering Sdn. Bhd. to 90% to enhance engineering capabilities following an initial 51% acquisition in January 2023; entered a binding term sheet in March 2025 for Propel Oilfield Services Sdn. Bhd., its 49%-owned subsidiary, to divest a 30% stake in Propel Maxflo Sdn. Bhd. to Reservoir Link Sdn. Bhd. for RM7.39 million, expected to yield a RM1.6 million net gain and foster strategic partnerships in upstream oil and gas across Malaysia, Southeast Asia, Middle East, and Africa by Q2 2025; secured a RM70 million joint venture contract for civil and structural works on a data centre project; reported stable Q2 FY2025 revenue of RM28.3 million amid a pivot to long-term growth in oil and gas and sustainable development including renewable energy and digital technology; and announced plans for capital reduction, share placement, and boosted stake in Reservoir Link Energy Bhd. to over 14%.