MM Computer Systems Bhd (MMCS) made a positive debut on the ACE Market of Bursa Malaysia today, opening at its initial public offering (IPO) price of 22 sen before climbing as much as 4.5% in early trade.
As at 9.04am, the IT solutions provider traded at 22.5 sen, up 0.5 sen or 2.27% from its IPO price of 22 sen, with nearly 49.6 million shares changing hands.
The stock opened at 22 sen, touched an intraday high of 23 sen and slipped to a low of 21.5 sen during the opening minutes of trading.
MMCS raised RM26.18 million through its IPO, which involved the issuance of 119 million new shares at 22 sen apiece. The listing exercise also included an offer for sale of 47.34 million existing shares.
Managing Director and Chief Executive Officer Young Yoong Chang previously said the proceeds from the public issue would be utilised to strengthen the group’s project execution capabilities through the procurement of IT hardware and software, workforce expansion, capability development and partial repayment of bank borrowings.
The company, through its subsidiaries Micro Technology Solution Sdn Bhd and SMIND Sdn Bhd, provides enterprise IT solutions covering infrastructure, networking, cybersecurity and IT outsourcing services.
For the financial year ended FY25, MMCS posted revenue of RM98.68 million, representing a 33.88% increase from the preceding year, while net profit attributable to owners rose 16.46% to RM10.12 million.
Government-linked companies contributed 49.76% of the group’s revenue, highlighting its strong exposure to the public sector.
As at April 13, 2026, MMCS had 105 ongoing projects and multi-year contracts with unrecognised revenue of RM80.83 million, alongside active tenders worth RM127.13 million under evaluation.
The company’s listing comes amid continued growth in Malaysia’s digital infrastructure sector, with independent market research projecting the country’s IT infrastructure and networking market to expand at a compound annual growth rate of 18.5% between 2026 and 2028.
Malacca Securities Sdn Bhd acted as principal adviser, sponsor, underwriter and placement agent for the IPO exercise, while SCS Global Advisory (M) Sdn Bhd served as corporate finance adviser.
