Latest news with #StandardsandIndustrialResearchInstituteofMalaysia
The Sun
3 days ago
- Business
- The Sun
PGF Capital kicks off new financial year with 11.9% y-o-y growth in net profit to RM7.5m for 1QFY26
PENANG: Main Market-listed insulation producer in Southeast Asia, PGF Capital Berhad, began the new financial year with a revenue of RM40.6 million in its first quarter (1QFY26) results for the financial year ended Feb 28, 2026 (FY26) compared to RM40.5 million in 1QFY25. While revenue improved moderately, profit after tax rose 11.9% year-on-year (YoY) to RM7.5 million from RM6.7 million over the same quarter last year. The improvement in bottom line performance was largely attributable to thesustained demand of the Insulation and Related Products (Insulation segment) from the Oceania market and the Group's emphasis on cost efficiency, which contributed to lower operating expenses. This was partially offset by a mark-to-market unrealised loss of RM0.6 million on a cross-currency swap facilities (MTM Unrealised Loss) in the current quarter. In 1QFY26, the Group in a statement today said revenue composition remained consistent, with the Insulation segment accounting for 99.7% of the total revenue. The remaining contribution came from property development, investment holding, and other segments. 'We are pleased to begin the new financial year with a solid set of performance, led by thecontinued strength of our Insulation segment,' said executive director and Group CEO Fong Wern Sheng. 'We continue to observe healthy demand in the Oceania market, particularly in Australia, supported by clear policy direction, including updated building codes and the national target of delivering 1.2 million new homes by 2029. The recently announced Victorian Energy Upgrades programme, which offers 50% costreductions for ceiling insulation, adds further optimism as we look toward 2026.' While the Group achieved YoY growth, he added, performance for the quarter was partially impacted by the recent gas pipeline incident in Putra Heights, Selangor, which temporarily disrupted their production activities and export sales. Separately, he said, their new mineral wool sandwich panels have been certified by Standards and Industrial Research Institute of Malaysia and are now pending approval from the Fire Department of Malaysia. 'The Group's capacity expansion is progressing as planned, with the construction of its new 40,000 metric-tonne plant (New Plant) in Kulim East Industrial Park, Kedah, proceeding on schedule. Commercial operations are targeted to begin in the first half of 2026. In support of this investment, the project has received approval for the Northern Corridor Economic Region (NCER) Tax Incentive Package, granting a five plus five years corporate tax holiday. This incentive is expected to enhance the Group's financial performance in the coming years,' said Fong. Meanwhile, on the topic of reciprocal tariffs by the United States (US), Fong expressed that PGF Capital does not anticipate significant impact on its revenue or purchases, given that export activities are predominantly concentrated in the Oceania region, which contributes over 70.0% of total export volume, with another 20.0% coming from domestic sales. The Group has no direct export activities to the US. As for the property development segment, PGF Capital's efforts to activate its landbank in Tanjong Malim, Perak, have taken a step forward with the receipt of conditional Planning Approval (Kebenaran Merancang) for the Phase 1 development. The project, undertaken via a land sale arrangement with Malvest Properties Sdn Bhd (Malvest) will consist of 1,808 residential and commercial units. It forms part of the broader initiative to support the government's vision of transforming Proton City into an Automotive High-Tech Valley. The Group is currently addressing the infrastructure conditions imposed to facilitate the commencement of the project. PGF Capital maintained a solid financial position in the first quarter of 2026, with a net gearing ratio of 0.15 times and net assets per share of RM1.39. The Group also generated a healthy net operating cash flow of RM3.4 million during the quarter, reflecting continued strength in its core operations.
The Sun
3 days ago
- Business
- The Sun
PGF Capital kicks off new financial year with 11.9% y-o-y growth net profit to RM7.5m for 1QFY26
PENANG: Main Market-listed insulation producer in Southeast Asia, PGF Capital Berhad, began the new financial year with a revenue of RM40.6 million in its first quarter (1QFY26) results for the financial year ended Feb 28, 2026 (FY26) compared to RM40.5 million in 1QFY25. While revenue improved moderately, profit after tax rose 11.9% year-on-year (YoY) to RM7.5 million from RM6.7 million over the same quarter last year. The improvement in bottom line performance was largely attributable to thesustained demand of the Insulation and Related Products (Insulation segment) from the Oceania market and the Group's emphasis on cost efficiency, which contributed to lower operating expenses. This was partially offset by a mark-to-market unrealised loss of RM0.6 million on a cross-currency swap facilities (MTM Unrealised Loss) in the current quarter. In 1QFY26, the Group in a statement today said revenue composition remained consistent, with the Insulation segment accounting for 99.7% of the total revenue. The remaining contribution came from property development, investment holding, and other segments. 'We are pleased to begin the new financial year with a solid set of performance, led by thecontinued strength of our Insulation segment,' said executive director and Group CEO Fong Wern Sheng. 'We continue to observe healthy demand in the Oceania market, particularly in Australia, supported by clear policy direction, including updated building codes and the national target of delivering 1.2 million new homes by 2029. The recently announced Victorian Energy Upgrades programme, which offers 50% costreductions for ceiling insulation, adds further optimism as we look toward 2026.' While the Group achieved YoY growth, he added, performance for the quarter was partially impacted by the recent gas pipeline incident in Putra Heights, Selangor, which temporarily disrupted their production activities and export sales. Separately, he said, their new mineral wool sandwich panels have been certified by Standards and Industrial Research Institute of Malaysia and are now pending approval from the Fire Department of Malaysia. 'The Group's capacity expansion is progressing as planned, with the construction of its new 40,000 metric-tonne plant (New Plant) in Kulim East Industrial Park, Kedah, proceeding on schedule. Commercial operations are targeted to begin in the first half of 2026. In support of this investment, the project has received approval for the Northern Corridor Economic Region (NCER) Tax Incentive Package, granting a five plus five years corporate tax holiday. This incentive is expected to enhance the Group's financial performance in the coming years,' said Fong. Meanwhile, on the topic of reciprocal tariffs by the United States (US), Fong expressed that PGF Capital does not anticipate significant impact on its revenue or purchases, given that export activities are predominantly concentrated in the Oceania region, which contributes over 70.0% of total export volume, with another 20.0% coming from domestic sales. The Group has no direct export activities to the US. As for the property development segment, PGF Capital's efforts to activate its landbank in Tanjong Malim, Perak, have taken a step forward with the receipt of conditional Planning Approval (Kebenaran Merancang) for the Phase 1 development. The project, undertaken via a land sale arrangement with Malvest Properties Sdn Bhd (Malvest) will consist of 1,808 residential and commercial units. It forms part of the broader initiative to support the government's vision of transforming Proton City into an Automotive High-Tech Valley. The Group is currently addressing the infrastructure conditions imposed to facilitate the commencement of the project. PGF Capital maintained a solid financial position in the first quarter of 2026, with a net gearing ratio of 0.15 times and net assets per share of RM1.39. The Group also generated a healthy net operating cash flow of RM3.4 million during the quarter, reflecting continued strength in its core operations.
Sinar Daily
21-07-2025
- Business
- Sinar Daily
Golden Top redefines home safety with breakthrough aluminium door innovation
SHAH ALAM – With break-ins and property crimes still a concern for many households, the focus has shifted from reactive measures to proactive protection. More homeowners are seeking security features that offer lasting strength, not just surface-level assurance. As the first line of defence, the quality of a door can make a critical difference. Golden Top Security Door Sdn. Bhd has launched a breakthrough in aluminium door technology designed to raise the bar for home security. Golden Top introduced Malaysia's first aluminium security door equipped with the Ultra-Core Corner Joint Bracket, setting a new benchmark in structural integrity, safety performance, and engineering design for the local and regional market. Its executive director Soo Sa Tiong stated that Ultra-Core Corner Joint Bracket was developed to address weaknesses commonly found in conventional aluminium doors. He said that the goal was to reinforce the corner joints, significantly enhancing the door's structural strength and overall stability. 'This innovation is our answer to long-standing structural and safety gaps in the local aluminium door market. 'We believe this innovation will not only raise the bar for aluminium door construction in Malaysia but also strengthen consumer confidence in home safety,' he said. Unlike conventional aluminium doors, many of which use substandard materials and outdated assembly techniques, the Ultra-Core aluminium door is designed from the ground up to solve common weaknesses identified through years of industry observation. This marks the first time a Malaysian aluminium door is produced with a fully internal bracket reinforcement system, a design absent in competitor products. Addressing the flaws others overlook Among the most pressing issues are the use of aluminium under 3mm in thickness, insufficient lock points that leave doors vulnerable to forced entry, and 45° screw-fixed brackets, which are prone to visible gaps, paint cracking, and weakened structural performance over time. The Ultra-Core Corner Joint Bracket directly addresses these concerns. Precision-engineered and custom-built for high-security applications, the bracket provides industrial-grade corner reinforcement, seamless joint sealing, and enhanced pressure resistance. It delivers a structural strength of up to 8.8 tons, surpassing the 5-ton benchmark typical of traditional welded security doors. Crafted from high-grade aluminium and paired with stainless steel screws to prevent corrosion, the system not only improves safety but also significantly extends product lifespan. A system, not just a door From initial concept to final prototype, the development process took just two months, with over eight iterative refinements ensuring its readiness for the market. The product is officially certified by Standards and Industrial Research Institute of Malaysia (Sirim) and Setsco Services, further validating its strength, quality, and compliance with rigorous safety standards. What sets Golden Top apart is not just innovation, but its commitment to reimagining security doors as precision-built protective systems. This marks the first time a Malaysian aluminium door is produced with a fully internal bracket reinforcement system, a design absent in competitor products. The Ultra-Core technology also eliminates splicing gaps, prevents surface cracking, and ensures consistent appearance and corner durability over time. Golden Top aims to expand the Ultra-Core technology into other high-security applications, including auto-gates and smart entry systems, while scaling production to meet growing domestic and regional demand. Security meets style, demand meets innovation Since its release, the Ultra-Core aluminium door has been met with strong demand from residential consumers looking for security solutions that don't compromise on aesthetics or reliability. As more homeowners prioritise peace of mind, this innovation arrives at the perfect time. Looking ahead, Golden Top aims to expand the Ultra-Core technology into other high-security applications, including auto-gates and smart entry systems, while scaling production to meet growing domestic and regional demand. The company has outlined a five-year roadmap focused on securing patents and design rights, while also expanding production both across Malaysia and throughout Southeast Asia. Efforts will be made to strengthen the brand through strategic positioning and award recognition. At the same time, product development will continue to evolve, guided by ongoing customer feedback and market needs.
![[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FBN052607690_1748343104.jpg&w=3840&q=100)
![[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
27-05-2025
- New Straits Times
[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized
PETALING JAYA: A shipment declared as kitchen towels that arrived at North Port, Port Klang last month was found to contain 20 agricultural drones instead. The drones, with an estimated value of RM1.63 million, were shipped from a neighbouring country. Customs Department assistant director-general Raizam Setapa @ Mustapha said the container was detected at 5.15pm on April 23. "Our officers, in collaboration with representatives from the Standards and Industrial Research Institute of Malaysia (Sirim), scanned the container and discovered 20 drones inside, instead of kitchen towels," she told reporters today. "I would like to emphasise that the importation of electronic goods such as drones requires a Certificate of Approval (CoA) from Sirim before they can be legally brought into Malaysia." Raizam said the drones were believed to have been imported from an Asian country for the local market, specifically for agricultural purposes. "This marks the first case of its kind involving the seizure of large-scale drones," she said. "We have recorded statements from several individuals, including the forwarding agent and the importer." In a separate case, Raizam said 21,351 litres of illicit alcoholic beverages, valued at RM2.81 million, were seized at North Port, Port Klang on May 7. The shipment was declared as furniture in an attempt to evade detection. "We believe the consignment, which originated from a neighbouring country, was intended for distribution within the local market," she said.
New Straits Times
27-05-2025
- Business
- New Straits Times
RM1.63mil worth of drones declared as kitchen towels seized
PETALING JAYA: A shipment of kitchen towels that arrived at North Port, Port Klang last month turned out to be 20 drones intended for agricultural use. The drones, estimated to be worth RM1.63 million in total, were shipped from a neighbouring country. Customs Department Assistant Director General Raizam Setapa @ Mustapha said the container was detected around 5.15pm on April 23. "Our personnel conducted a scan of the shipping container with representatives from the Standards and Industrial Research Institute of Malaysia (Sirim) and found 20 drones instead of kitchen towels inside. "I would like to stress that the importation of electronic goods such as drones requires a Certificate of Approval (COA) from Sirim before the items can be brought into Malaysia," she told reporters today.
