Latest news with #iCents
BusinessToday
17-07-2025
- Business
- BusinessToday
Bursa Opens Slightly Higher As iCents Leads Active Trades
Bursa Malaysia opened marginally higher on Thursday, supported by modest gains in key indices and strong debut interest in iCents Group Holdings. At 9.04 am, the benchmark FBM KLCI edged up 1.77 points to 1,513.27, reflecting cautious optimism amid mixed regional sentiment. Broader market indices also opened in positive territory, with the FBM 70 rising 0.15% to 16,546.64 and the FBM EMAS advancing 0.11% to 11,383.32. Leading the most active list was iCents, which saw robust interest in its ACE Market debut. The stock traded at RM0.280, up 16.7% from its IPO price of RM0.24, with over 544 million shares exchanging hands within minutes of market opening. Meanwhile, other actively traded stocks included TWL Holdings, Esceram, and NexG, though most were flat or saw minor movements. Investors are watching global markets closely amid ongoing uncertainty over US interest rate policy and China's slower-than-expected economic recovery, which continues to influence short-term sentiment across Asia. Related
The Star
17-07-2025
- Business
- The Star
iCents eyes growth on rising demand
PETALING JAYA: ACE Market-bound iCents Group Holdings Bhd expects its expansion plans to contribute positively to its financial performance in the coming years, provided there are no unforeseen disruptions. The cleanroom and facility services provider is confident that the proceeds from its initial public offering will enable it to carry out its business strategies and plans as outlined in its prospectus. In the third quarter ended March 31, iCents posted a net profit of RM1.8mil, or an earnings per share of 0.37 sen, bringing its nine-month net profit to RM6.9mil, or 1.38 sen. Quarterly revenue came in at RM18.8mil, bringing nine-month revenue to RM62.8mil. iCents is slated to list on the ACE Market of Bursa Malaysia on July 17.
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.
New Straits Times
17-07-2025
- Business
- New Straits Times
iCents soars 29pct on ACE Market debut, tops trading volume at opening bell
KUALA LUMPUR: iCents Group Holdings Bhd made a strong entrance on Bursa Malaysia's ACE Market, opening at 29 sen – a five sen or 21 per cent premium over its initial public offer (IPO) price of 24 sen. 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.
The Star
14-07-2025
- Business
- The Star
iCents eyes growth on rising cleanroom demand
KUALA LUMPUR: ACE Market-bound iCents Group Holdings Bhd expects its expansion plans to contribute positively to its financial performance in the coming years, provided there are no unforeseen disruptions. The cleanroom and facility services provider is confident that the proceeds from its IPO will enable it to carry out its business strategies and plans as outlined in its prospectus. In the third quarter ended March 31, iCents posted a net profit of RM1.8mil, or earnings per share of 0.37 sen, bringing its nine-month net profit to RM6.9mil, or 1.38 sen. Quarterly revenue came in at RM18.8mil, bringing nine-month revenue to RM62.8mil. On prospects, iCents said growth in Malaysia's electrical and electronics and pharmaceutical industries is expected to drive demand for cleanroom facilities, creating opportunities for industry players. iCents is slated for listing on the ACE Market of Bursa Malaysia on July 17.
