Pentech Holdings Bhd made a strong Bursa Malaysia debut, closing at 26 sen, up six sen or 30% from its IPO price of 20 sen, as investors piled into the newly listed cybersecurity and ICT services provider.
The stock opened at 29 sen, marking a 45% premium over its IPO price, before easing to an intraday low of 25 and closed its debut at 26 sen. It saw a total of 165.35 million shares traded, underscoring sustained liquidity interest throughout the session.
At mid-day, Pentech was trading at 26.5 sen, up 6.5 sen, on 122.58 million shares exchanged, after an early spike that saw the counter touch its debut high.
The strong listing performance follows a heavily oversubscribed IPO, with the public tranche reportedly oversubscribed by 120.98 times. Institutional and Bumiputera portions were also fully taken up, reflecting broad-based investor demand.
The ACE Market debut values Pentech at an indicative market capitalisation of about RM124 million, positioning it among Malaysia’s emerging technology and cybersecurity-focused firms.
According to Managing Director and Chief Executive Officer Yeoh Chin Ming, proceeds from the listing will be used to expand its cybersecurity infrastructure and ICT services, including the development of a security operations centre and upgrades to its operations command centre.
During an interview with BusinessToday, Yeoh said the group is pivoting towards higher-margin recurring revenue streams, particularly managed cybersecurity services for mid-sized enterprises, as Malaysia’s digitalisation and data centre expansion accelerate.
