IT solutions and cybersecurity services provider MM Computer Systems Bhd (MMCS) has commenced its trading on the ACE Market of Bursa Malaysia today (June 11) at 22 sen which happens to be its IPO (initial public offering) price.
The counter went on to trade with a high of 24 sen and a low of 21.5 sen by 11.30am. Based on its enlarged issued share capital of 567 million shares, the group possesses a market capitalisation of approximately RM124.74 mil upon listing.
Malacca Securities Sdn Bhd served as the principal adviser, sponsor, underwriter and placement agent for the IPO exercise with SCS Global Advisory (M) Sdn Bhd appointed as MMCS’ corporate finance adviser.
“Today’s listing marks a structural evolution for MMCS. We are transitioning into a publicly traded entity from a position of profound operational strength,” commented MMCS’ managing director and CEO Macken Young Yoong Chang.
“Our FY2025 performance whereby we approached the RM100 mil revenue mark is evident of our ability to secure and execute highly complex enterprise IT contracts.”
Added Young: “Our immediate focus now shifts entirely to capital deployment and execution. The RM26.18 mil we’ve raised equips us with the absolute balance sheet firepower to pursue larger-scale IT infrastructure, networking and cybersecurity projects.”
MMCS’ public issue successfully raised gross proceeds of RM26.18 mil to support expansion of the group and its subsidiaries.
In enhancing its project execution capabilities, the group has strategically allocated RM16.93 mil for the procurement of IT hardware and software necessary to fulfil larger contracts. In addition, RM3.10 mil is earmarked for workforce expansion and capability development.
The remaining proceeds will be deployed for partial repayment of bank borrowing (RM1.50 mil) and estimated listing expenses (RM4.65 mil).
Near term prospects
Financially, MMCS enters the market with a robust growth trajectory. For the FY2025, the group recorded a revenue of RM98.68 mil, a 33.88% surge from RM73.71 mil in FY2024. Gross profit stood at RM21.00 mil while the group’s net earnings edged up 16.46% to RM10.12 mil.
For 1Q FY2026, the group recorded a revenue of RM29.82 mil or 30.22% of its FY2025 full-year revenue. Its gross profit stood at RM6.08 mil while net profit came in at RM3.03 mil.
This operational momentum is backed by a secure execution pipeline. As of April 13 which was the latest practicable date stated in the prospectus, MMCS had 105 on-going projects and multi-year support contracts with total unrecognised revenue of RM80.83 mil.
In addition, the group is currently participating in various tenders with an aggregate estimated tender sum of RM127.13 mil which remain under evaluation.
Operating through its wholly-owned subsidiaries, Micro Technology Solution Sdn Bhd and SMIND Sdn Bhd, MMCS supports mission-critical enterprise IT environments across IT infrastructure, networking and cybersecurity.
The group’s service offerings are complemented by recurring maintenance, technical support and IT outsourcing services that include resident engineers embedded within customer environments under on-going service contracts.
Its multi-brand capabilities also allow MMCS to customise enterprise IT solutions based on customers’ operational requirements, security considerations and budget priorities.
The group further maintains long-standing relationships with GLCs (government-linked companies), enterprises and corporations across Malaysia.
GLCs are expected to contribute 49.76% of the group’s revenue in FYE2025, reflecting MMCS’s established presence within Malaysia’s enterprise and government-linked ecosystem.
At today’s (June 11) mid-day break, MMCS remains unchanged at 22 sen with 112.2 million shares traded, thus valuing the company at RM125 mil. – June 11, 2026
