Valet Technology eyes 1Q26 listing on ACE Market
PUTRAJAYA: Valet Technology Sdn Bhd is gearing up for an initial public offering (IPO) on Bursa Malaysia's ACE Market in the first quarter of financial year 2026 (1Q26) as the company ramps up its expansion into cyber and identity security solutions.
Chief executive officer Puan Sri Rayana Abdul Rahman said the planned listing will support the company's ambitions to grow beyond Malaysia and strengthen its research and development (R&D) capabilities.
'We are on track for an IPO early next year. While capital is one reason, this move is about laying a stronger foundation for our identity security and R&D pipeline,' she told Bernama.
Established in 1995 as a provider of traditional human-based security services, Valet Technology has evolved into a homegrown tech player with a 200-strong workforce and a network of more than 1,000 system integrators (SIs) nationwide.
Rayana said the company started with conventional security but saw the potential in growing together with smaller entrepreneurs. Today, its SIs carry the products across the country, and Valet Technology supports them with training and tools.
She said the company currently supports key government clients, including the Immigration Department and various ministries – Transport, Home Affairs, Higher Education and Health – largely through its SI partners.
Notably, Valet Technology, through its SIs, supplies around 200 boom gates at the CIQ complex and Tuas (second link) for pedestrian and public transport.
'We assist our SIs throughout the tender process and back them up with technical expertise and product know-how,' she said, adding that the firm's revenue now stands at about RM25mil, with expectations for a stronger performance following the IPO.
Best known for its VT Series sliding gate motors, Valet Technology has expanded into digital and cyber security, a move that includes the rollout of Valet Shield, an AI-powered scam call detection system developed with its US-based partners.
The firm is currently engaging with Oman's Transport and Technology Ministry, as well as state telecommunications firm Omantel, under the ITHCA Group, to implement the technology in the Middle East.
The company is also eyeing potential collaborations in Indonesia and within the African continent.
The company has also secured a Skills Development Department licence to offer TVET-level training in electronics via its in-house academy.
Rayana added that Valet Technology's upcoming expansion into identity security will be anchored by a new division in Cyberjaya, positioning the company for its next phase of growth.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
31 minutes ago
- New Straits Times
Compugates director ups stake, now holds nearly 8pct direct interest
KUALA LUMPUR: Compugates Holdings Bhd executive director See Thoo Chan has acquired 7.09 million shares in the company for RM106,299. The shares were purchased on June 13 at 1.5 sen apiece, representing a 0.12 per cent stake in the ACE Market-listed company, according to a filing with Bursa Malaysia. The transaction was disclosed pursuant to Chapter 14 of the Bursa Malaysia Listing Requirements, which governs dealings in listed securities by directors outside closed periods. See has been increasing his stake in Compugates since early this year. He now holds a direct interest of 7.88 per cent or 476.55 million shares, up from 6.08 per cent in February. His indirect interest remains unchanged at 6.27 per cent. Compugates operates in various sectors, including information and communications technology distribution, property development and plantation. Its shares have mostly traded between one sen and two sen over the past four years. The stock closed unchanged at 1.5 sen today, with 4.6 million shares traded. This valued the company at RM68.07 million.
Focus Malaysia
43 minutes ago
- Focus Malaysia
Bursa Malaysia rebounds to close higher in line with regional markets
BURSA Malaysia recovered its earlier losses to close marginally higher supported by renewed optimism in the data centre segment and a sectoral rotation into defensive plays, as investors positioned cautiously amid heightened geopolitical tensions. This is in tandem with most regional markets, with investors awaiting several central banks' meetings this week, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) recovered 1.88 points, or 0.12 per cent, to 1,519.99 from last Friday's close of 1,518.11. The benchmark index, which opened 0.24 of-a-point lower at 1,517.87, moved between 1,512.26 and 1,521.38 throughout the trading session. Market breadth was negative, with decliners thumping gainers 612 to 321, while 509 counters were unchanged, 973 untraded and 21 suspended. Turnover narrowed to 2.83 billion units worth RM2.04 bil compared with Friday's 2.88 billion units valued at RM2.06 bil. ‒ June 16, 2025
The Sun
an hour ago
- The Sun
Opec: will continue to invest in fossil fuel production amid growing energy transition momentum: Sec-gen
KUALA LUMPUR: The Organisation of the Petroleum Exporting Countries (Opec) will continue to invest in fossil fuel production, despite the growing momentum behind sustainability initiatives and the global energy transition. Opec secretary-general Haitham Al Ghais said the organisation advocates a more balanced investment strategy to safeguard the stability of energy security and affordability. 'Sometimes we get carried away talking about net zero and energy transition. At Opec, we believe in a balanced approach. We must transition and address climate change, but not at the expense of energy security or affordability. 'One of the key factors we consistently stress is the importance of continued investment, as this is a long-lead-time and capital-intensive industry,' he said at a panel session titled 'Enabling Asia's Future Energy Ecosystem' at Energy Asia 2025 here today. Haitham emphasised that Opec is not opposed to renewable energy, although it is often perceived as being at odds with it. 'We do not dismiss renewables. On the contrary, many Opec members are embracing renewable energies. However, we recognise that renewables alone will not suffice. That is why our approach to the energy transitions must be multipath. 'There is no single pathway. We need all sources of energy and technology to complement and support one another, especially those that can help reduce emissions,' he said. According to Haitham, the oil industry requires a staggering US$17.4 trillion (RM73.7 trillion) in investment, or around US$640 billion annually. 'Today, oil still represents 30% of the global energy mix. When combined with gas, this figure rises to about 56% to 57%. In terms of volume, we are seeing oil demand hit a new record each year. This year, we are forecasting oil demand to exceed 104 million barrels a day,' he added. – Bernama
