Latest news with #AllianceIslamicBankBhd
The Star
17-07-2025
- Business
- The Star
iCents shares rise 20% on ACE Market debut
From left: iCents independent non-executive director Michelle Marie Maman, independent non-executive director Law Sang Thiam, independent non-executive director Lim Teng Hong, substantial shareholder Faye Khor Fei Yi, managing director Ong Mum Fei (Vincent), executive director Foo Siang Leng, executive director Tan Wei Ying, independent non-executive chairperson Lim Bee Vian, Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank Islamic capital markets head and senior vice-president of corporate finance Tee Kok Wah KUALA LUMPUR: iCents Group Holdings Bhd commenced trading at a 20.83% premium as it made its debut on the ACE Market of Bursa Malaysia following a successful initial public offering (IPO). As the buzzer signalled the start of trading, iCents' shares were traded at 29 sen each, five sen above their float price of 24 sen a share, with an opening volume of 13.59 million shares. iCents, a cleanroom and facilities services provider, is on a growth path, funded by the recent IPO, amid growing investments in data centres and continued expansion in electrical and electronics as well as pharmaceutical industires. "These sectors require cleanroom environments to maintain strict control over several parameters, which include among others, air quality, temperature, humidity and other conditions that are vital to ensuring product integrity," said iCents group managing director Ong Mum Fei (Vincent). To support its next phase of growth, iCents is setting up a facility in Mantin, Negeri Sembilan, acquiring machinery and equipment, and recruiting engineers to strengthen its operational capabilities. The group is also exploring geographical expansion into Jakarta, Singapore and Kuching. In a recent stock exchange filing, iCents reported it recorded a cumulative revenue of RM62.78mil and profit after tax (PAT) of RM6.88mil in the nine-month period ended March 31, 2025. After adjusting for the one-off listing expenses amounting to RM1.02mil during the period, adjusted PAT stood at RM7.90mil. As at June 5, 2025, the group's unbilled order book stood at approximately RM93.21mil.
The Star
07-07-2025
- Business
- The Star
Solid growth on the cards for iCents post-listing on robust order book
From left: iCents Group Holdings Bhd executive director Tan Wei Ying, executive director Foo Siang Leng, substantial shareholder Faye Khor Fei Yi, managing director Vincent Ong Mum Fei, chairperson Lim Bee Vian, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank Islamic capital markets coverage and origination head and senior vice president Lim Shueh Li at the prospectus launch of iCents Group PETALING JAYA: Cleanroom and facility services group iCents Group Holdings Bhd is projected to register year-on-year (y-o-y) earnings growth of 23.7%, 43.6% and 6.9% to RM8.7mil, RM12.5mil and RM13.3mil from this year to 2027, respectively, according to TA Research. The group is en route to a listing on the ACE Market of Bursa Malaysia on July 17. The research house said this growth would be mainly driven by the assumptions of an unbilled order book of RM93.2mil as of June 2025, a new job replenishment assumption of RM140mil a year, and an annual growth of 20% in other divisions. The initial public offering (IPO) is expected to raise RM27mil. iCents specialises in cleanroom construction, including engineering, procurement, construction, testing, and commissioning of cleanrooms, among others. According to an independent research report by Vital Factor Consulting, the performance of the cleanroom industry is dependent on the performance of end-user industries, particularly high growth, high-value industries such as electrical and electronics, pharmaceuticals, and others. Between 2022 and 2030, the manufacturing sector's value-added contribution is projected to grow at a compounded annual growth rate of 6.5%, mainly supported by the high-growth sectors. The research house said, on a pro forma basis, the group's financial position is expected to improve from net debt of RM5.7mil as of last December to a net cash position of RM16.1mil after listing. Trading ideas: Edelteq, WCT, Green Packet, MAG, Capital A, Mudajaya, Mesiniage, MN, Kretam, Kim Hin, TeamStar, ISF
The Sun
06-06-2025
- Business
- The Sun
iCents Group signs IPO underwriting agreement with Alliance Islamic Bank
KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia by July. It said in a statement the IPO encompasses a public issuance of 112.5 million new ordinary shares, representing 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing 6% of its enlarged issued share capital. 'Out of the 112.5 million issue shares, 25 million shares will be made available to the Malaysian public via balloting, with 10 million shares to its eligible directors, employees and persons who have contributed to the success of the group, 15 million shares will be made available by way of private placement to selected investors, while 62.5 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry,' it said. Additionally, 30 million offer shares will be for selected investors by way of private placement. Group managing director Ong Mum Fei said the signing of the underwriting agreement with Alliance Islamic Bank would provide the company with the financial resources and flexibility needed to accelerate its strategic growth plans. 'As we expand our capabilities, we are committed to enhancing our competitive position within Malaysia's cleanroom industry, as well as executing our geographical market expansion plans in Indonesia, Singapore and Sarawak, through the IPO proceeds,' he said. Meanwhile, executive director Foo Siang Leng said the outlook of the cleanroom industry is positive, supported by steady growth in the semiconductor and electronics, data centre, pharmaceutical and food and beverage sectors, alongside the initiatives under Malaysia's New Industrial Master Plan 2030. 'We aim to capitalise on these opportunities through our growing involvement in these key industries by expanding our operational capabilities, expanding market reach and broadening our product range and addressable markets,' he said. – Bernama
