BDB (6173) Kedah’s super star for the next data center hub in Malaysia
We’ve seen many data centers opening up in Johor and Selangor recently but many people were not aware of Kedah’s involvement in Data Centers too. Kedah is good proxy to open Data Center as it is close to Thailand.
Kedah Poised To Become The Next Data Center Hub In Malaysia
1.Kedah the next Data Centre hub
Kedah may become the next attraction, according to Area Group Chief Operating Officer Remakantan Ramachandran, as it has the components that make a data center ecosystem. Kedah is located in the northwestern part of Peninsular Malaysia. Kedah borders the state of Perlis and shares an international boundary with the Songkhla and Yala provinces of Thailand.
Source: https://areagroup.my/kedah-data-center-hub-malaysia/
2. RM15 billion data centre park in Kedah's Delapan economic zone
AREA Real Estate Advisory Sdn Bhd (AREA) will develop a 60.7-hectare land within the Delapan Special Border Economic Zone (Delapan SBEZ) in Kedah, exclusively for data centres with a gross development value of RM15 billion.
How could BDB benefit from this?
1. BDB is 60% owned by the state of Kedah and any major development in Kedah will involve them.
Source: https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6173
2. BDB has a division called BDB Synergy which is involved in Engineering and Construction sector
BDB Synergy currently being a wholly owned subsidiary of Bina Darulaman Berhad (BDB) prides itself as one of the major participants in the engineering and construction sector in Malaysia. BDB Synergy offers a full spectrum of engineering and construction services i.e. from civil and building construction, earthworks and roadworks, maritime infrastructure to waterworks.
Source: https://ecq.bdb.com.my/
3. BDB has renewable energy department
As we know many data centers are opting for green energy for their data centers and this will benefit them too as the data center opening in Kedah will adopt green sustainability initiatives to reduce the carbon footprint of the data centre park.
BDB Energy Sdn. Bhd. (BESB) is a pioneering Company that focuses on solar photovoltaic technology. BESB aims to promote renewable energy solutions in Kedah State and beyond. As a newly formed entity, BESB provides a wide range of services that include rooftop solar installations for various sectors and large-scale solar projects. BESB is committed to sustainability and innovation, aiming to meet the rising demand for clean energy while reducing our carbon footprint.
Source: https://energy.bdb.com.my/
Additional Information on BDB
1. Based on our source check BDB has not done their land revaluation since 1970 and this means that there is a major upside in them in the case of if they were to revaluate their land and sell it for other data center projects.
2. BDB financial performance is solid as they recorded their best financial performance in seven years.
Source: https://www.thestar.com.my/business/business-news/2024/05/30/bina-darulaman-records-best-financial-performance-in-seven-years
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Created by Grandmustah | Jun 06, 2024
Created by Grandmustah | Jun 02, 2024
Yes, every company can say it want to sell land to Databank operator. Any taker? Why Kedah? Why not Penang? There is one submarine landing station in Penang which is closer to the end users.
6 days ago
BDB looks like a giant company and jack of all trades from the write up but after checking profile just a small player with a very small market capitalisation of 123 mil in order to be meaningful. Very small company only and yet depend on Sanusi agreement for data center in the land of PAS control state.
4 days ago
BDB need to build its own credentials and attract investors then can talk about share price.
4 days ago
soon9913
Question is why those big operators want to setup DC there?..
1 week ago