Gas Malaysia - IPO
Recently, many clients would like to find out details about Gas Malaysia Berhad (GMB). After doing some research, I try to gather the information from bursa's web, below are the summary. GMB is one of the ISO certified company who operate the distribution of natural gas and liquefied Petroleum Gas to home, commercial business and industries.The company source it's natural gas from Petronas. Who is the competitor? Only 2 company in this industry, GMB and Petronas Gas Berhad (PGB). PGB involve in distribute to customer who consume > 2 MMScfd, whereas GMB involve those customers less than 2 MMScfd. GMB can consider as one of the monopolistic business in the country. However, GMB can not simply raise the selling price, hence, it would be something similar to PBA or TENAGA upon listing. Is the company borrow a lot of money? No gearing, meaning the company do not have any borrowing. However, the IPO is offer for sales, hence none of the proceed receive from this