Computer Forms Malaysia share price limits up to a high of RM1.93, buoyed by investor confidence surrounding the announcement of Malaysia’s 10th Prime Minister Datuk Seri Anwar Ibrahim.
“Our Thai-based investor and business partner, Energy Absolute has voiced full support of Malaysia’s new Prime Minister Anwar Ibrahim, as we are confident he will be instrumental in driving Malaysia’s economy forward,” said Datuk Wira Justin Lim, Managing Director, Computer Forms Malaysia.
“We will be involved in signing a joint-venture agreement soon with Energy Absolute (EA), our Thai-based investor and business partner,” added Datuk Justin – signalling expectations of more foreign direct investment to flow into Malaysia on the back of the new PM announcement.
CFM recently announced a Heads of Agreement with Thailand’s Energy Absolute – to form a Joint-venture company, Energreen, demonstrating CFM’s foray in developing Malaysia’s EV sector for public transportation namely electric buses, trucks, trains and ferries. Additionally, the company hopes to launch energy storage facilities and charging stations as well as launch several renewable energy solar and wind projects within Malaysia.
Computer Forms (Malaysia) Berhad (CFM) with a market capitalization of RM475m is listed on KLSE’s Main Board. The company has grown into one of the largest printers in Malaysia designing and producing continuous and cut sheet Security documents. It has become a reliable supplier among foreign and local financial institutions including Malaysia’s Central Bank, (Bank Negara). It is fully equipped with a complete range of hardware and software to provide the best security printing solutions whilst ensuring maximum data protection. Investing into EV and RE sectors through this joint venture is a move to diversify its operations signalling CFMB’s commitment to drive earnings and revenue growth for shareholders.
