iCents soars 29pct on ACE Market debut, tops trading volume at opening bell
The stock soared by as much as 7 sen or 29 per cent, to hit 31 sen in early trade, becoming the most actively traded counter at market open with over 58 million shares changing hands.
The cleanroom solutions provider raised RM34.2 million from the listing.
iCents specialises in cleanroom solutions, offering end-to-end services including engineering, procurement, construction, testing, and commissioning for key sectors such as semiconductor and electronics manufacturing, pharmaceuticals, life sciences, and data centres.
Funds raised from the IPO will go towards the purchase of new machinery and equipment, as well as for business expansion, which includes establishing a new facility in Negeri Sembilan and opening new offices in Indonesia, Singapore and Sarawak.
The remainder of the funds will be used for product development and for new offerings, along with marketing activities, working capital and listing-related expenses.
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Malay Mail
14 hours ago
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Malaysian Reserve
17 hours ago
- Malaysian Reserve
Bursa Malaysia expected to rise towards 1,590 level next week
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Barnama
18 hours ago
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Bursa Malaysia Expected To Rise Towards 1,590 Level Next Week
By Durratul Ain Ahmad Fuad KUALA LUMPUR, Aug 16 (Bernama) -- Bursa Malaysia is expected to rise next week towards the 1,590 resistance level, contingent on supportive global risk sentiment and incremental clarity over semiconductor tariff trajectories, said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said that given the weekend timing of the meeting between US President Donald Trump and Russian President Vladimir Putin, Malaysia's equity market will absorb any geopolitical repricing effects when trading resumes next week. 'Domestically, the investment narrative will be shaped by further disclosures on the 13th Malaysia Plan (13MP) project allocations, while the approach of Budget 2026 -- now under two months away -- will heighten focus on stakeholder engagement sessions as potential precursors to fiscal policy direction ahead of the Prime Minister's parliamentary tabling,' he told Bernama. On the inflation front, Mohd Sedek said Malaysia's July Consumer Price Index (CPI), due for release on Friday, Aug 22, will offer the first high-frequency read on the pass-through impact of the broadened Sales and Service Tax (SST) regime. 'We project headline CPI at 1.2 to 1.3 per cent year-on-year, up from 1.1 per cent in June, with core inflation expected to remain contained,' he said. Globally, Mohd Sedek said, investor attention is set to converge on Wednesday's release of the Federal Open Market Committee minutes and the Jackson Hole Symposium (Aug 21-23) -- both considered potential catalysts for repricing policy-rate expectations if a pivot narrative gains momentum. 'Pre-Jackson Hole signalling from Washington has intensified, with the Trump administration adopting a more assertive communications posture than the Federal Reserve's (Fed) measured, data-dependent stance. 'Treasury Secretary Scott Bessent has escalated his call from a 50-basis-point cut to a cumulative 150-basis-point reduction, amplifying political pressure on the Fed.
