KUALA LUMPUR, Sept 19 (Bernama) -- Solar District Cooling Group Bhd (SDCG), a provider of building management systems (BMS), solar thermal systems, and energy-saving solutions, is optimistic about its business growth this year, driven by a positive outlook and lower costs.
SDCG managing director, Edison Kong, said the group remains confident in the prospects for its BMS within Malaysia's energy efficiency industry, citing sustained and growing demand for energy-efficient solutions.
"Additionally, the government's green incentives in Budget 2024, along with expectations for further support in Budget 2025, will reinforce this trend," he told a press conference following the company’s listing ceremony today.
Kong noted that the company's BMS and solar thermal solutions are crucial in helping clients reduce energy consumption and operating costs.
“By optimising energy use in buildings and incorporating renewable energy sources, SDCG's solutions will not only enhance efficiency but also deliver long-term savings,” he said.
He added that these benefits position SDCG to assist industry players in navigating the evolving energy landscape while reducing their carbon footprint.
Regarding the order book, Kong said the company has secured over RM30 million in orders, providing a strong revenue foundation.
“We are actively tendering for projects across various sectors, including commercial buildings, financial institutions, healthcare facilities, and industrial properties such as data centres,” he said, noting that these buildings have significant energy needs that SDCG can address with its expertise.
SDCG made a notable debut on Bursa Malaysia’s ACE Market on Thursday, opening at 50 sen – a 12 sen premium over its initial public offering (IPO) price of 38 sen. At the opening bell, 20.68 million shares were traded.
By the 5 pm close, the stock edged up to 50.5 sen, 12.5 sen above the IPO price, with a total of 119.13 million shares traded.
-- BERNAMA
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