BETAMEK BERHAD

KLSE (MYR): BETA (0263)

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Last Price

0.435

Today's Change

-0.005 (1.14%)

Day's Change

0.435 - 0.435

Trading Volume

98,600

IPO Info
Offer Period

Opening

2022-09-28

Closing

2022-09-28

Time Table

Allotment Date

2022-10-21

Listing Date

2022-10-26

Price

Issue Price

0.50

Units

450,000,000

Share Capital

127,539,001.000

No of Shares

Public Issue

67,500,000

Offer for Sale

45,000,000

Private Placement

76,500,000

Issuing House

MIH-618

ISIN Code

MYQ0263OO002

Prospectus:

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (I) PUBLIC ISSUE OF 67,500,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER: - 22,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 13,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND - 31,500,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 45,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Betamek Berhad - Prospectus (Part 1).pdf

Betamek Berhad - Prospectus (Part 2).pdf

Betamek Berhad - Prospectus (Part 3).pdf

Betamek Berhad - Prospectus (Part 4).pdf

Betamek Berhad - Detailed Procedures for Application.pdf

Discussions
3 people like this. Showing 50 of 1,077 comments

speakup

Tak percaya? Go here, see Mahathir name: https://www.betamek.com.my/page/

2023-07-22 11:29

AlanKLNg28

Limit up!

2023-07-24 14:29

dompeilee

dompeilee

Re-purchased Betamek @ 47.88c average after 1st round(buy 55c,SELL 57.5c) last year.

2 days ago

😎☝🍻

2023-07-24 14:52

m3379

🚀 🚀

2023-07-24 16:08

speakup

dompeilee a fan of Tun M?

2023-07-24 21:27

AlanKLNg28

Really such a hopeless counter. Got contract and give dividends still down!

2023-07-27 10:20

PennyStock123

Despite good QR still keep dropping.....

2023-08-01 16:46

Gggggg

Look into larger graph

Technically forming smthing..

Hopefully good things

2023-08-04 12:02

Gggggg

When good qr, good company mx

Look into technical aspect during trading

2023-08-04 16:17

Gggggg

Possible cup?

2023-08-10 22:16

PennyStock123

wow!!....moving orady

2023-08-24 15:51

kl_guy

if perodua merge with sime ....mbmr volume will increase ...beta will also benefit . look like beta future eps will increase.

2023-08-24 21:50

speakup

Sime may have their own vendors, may ask Perodua to switch to theirs

2023-08-24 22:03

apalahaha67

Haha... These heavenly analysts so wrong about beta. Sell off la when you still can. Will drop drop drop.

2023-09-13 10:01

Vicky

Fully gap down besok. MoU Singapore kena terminate !

2023-09-13 21:11

tnang

Beta uptrend form, good signal to enter

2024-01-09 14:41

slts

Tis penny stock got good fa

2024-01-10 20:47

haziqaz

Mirzan MD Betamex Bhd disiasat SPRM isu Tun M arah Petronas ‘bailout’ Konsortium Perkapalan Bhd

https://www.thecorporatessecret.com/blog/2024/01/18/mirzan-pengerusi-betamex-bhd-disiasat-sprm-isu-tun-m-arah-petronas-bailout-konsortium-perkapalan-bhd/

2024-01-19 12:55

speakup

isnin betemek ni limit down?

2024-01-19 18:57

slts

Limit up up all the way

2024-01-19 19:01

Medusa

Runnnnnnnnnnnnnnnnnnnnnnnnnn

Cuci duit buy shares

Kikiki…

2024-01-20 00:54

EatCoconutCanWin

Limit down for sure

2024-01-20 07:49

EatCoconutCanWin

5years jailed confirm. Anak ayam betui

2024-01-20 15:42

Believe3222

need papa help again

2024-01-22 09:19

Starship2

72 % owned by Iskandar Hldgs ..which in turn is about 72 % owned by Mirzam Mahathir based on online data

2024-01-24 13:55

Starship2

Looks like he is also the CEO of the company

2024-01-24 14:02

hhhiii123

I am thinking to buy, i better avoid it, later kena forfeit by MACC lol

2024-01-24 22:36

Medusa

Limit Up or Limit Down?

Kikiki…

PETALING JAYA: Mirzan Mahathir, the eldest son of former Prime Minister Dr Mahathir Mohamad, has been in the news for all the wrong reasons recently.

However, his company Betamek Bhd has brought him some cheer after its net profit surged 205% to RM5.05 million in its third quarter ended Dec 31, 2023 (Q3 FY2024) from RM1.66 million a year ago.

For the nine-month period to Dec 31, 2023, net profit increased 46.88% to RM15.51 million from RM10.56 million a year ago, while revenue rose to RM166 million from RM149.76 million in the comparative period.

The two-fold jump in quarterly profit was on the back of “strong demand” for its automotive electronics products and components from main customer Perusahaan Otomobil Kedua Sdn Bhd (Perodua), it said in a statement yesterday.


The electronics manufacturing services (EMS) provider’s quarterly revenue rose 8.2% to RM59.22 million from RM54.73 million a year earlier on higher revenue contribution from both the vehicle audio and video (AV) products and vehicle accessories segments.

Betamek declared a second interim single-tier dividend of 2 sen per share for the financial year ending March 31, 2024, to be paid on Feb 23.

Mirzan, 65, has a 72% deemed interest in the company via Iskandar Holdings Sdn Bhd, an investment holding company.

Betamek was established some 33 years ago through its wholly-owned subsidiary Betamek Electronics (M) Sdn Bhd. In the early 1990s, Mirzan became a major shareholder of the company.

Its No. 1 customer Perodua was founded in 1993 as the second national car maker, a project inspired by Mahathir as part of his grand strategy to speed up Malaysia’s industrialisation.

MACC probe

On Jan 18, the Malaysian Anti-Corruption Commission (MACC) confirmed Mirzan had been given 30 days to declare all his assets, both in the country or abroad.

The MACC said the order was an extension to an investigation being carried out in relation to information contained in the Panama Papers.

The anti-graft agency said it was also looking at Mirzan’s business activities related to sales and purchases of government-linked companies.

The next day, Betamek said it continues to operate its business “as usual” despite its managing director (Mirzan) being called by the MACC to assist with a probe.

“We wish to announce that the said investigation is unrelated to Betamek.

“As such, Betamek operates its business as usual without any interruption on our production and delivery of products to our customers,” the company said in a filing with Bursa Malaysia.

The company was listed on the ACE Market on Oct 26, 2022, at an IPO price of 50 sen. Its shares closed at 41 sen yesterday, valuing the company at RM184.5 million.

2024-01-25 20:20

tnang

super under value

2024-05-10 15:00

icecube

how things have turned... i still remember some some 2+years back, MCE was trading at 6-8x PE while Betamek was at 13-15x. Beta was in favour then. Fast forward, today, Beta is out of favour due to political reasons.. now trading at single digit PE, while it's MCE turn to fly high.. trading at teens PE.. and brahmal is now a substantial shareholder. Goes to show every dog has its day.

2024-05-11 16:40

speakup

Tun M son is dragging down Betamek

2024-05-12 09:29

PennyStock123

Tum M son should resign....after that Betamek will fly

2024-05-13 09:30

soon9913

All biz from produa.. But now many changing EV car soon... Produa biz maybe affected and indirectly hit this Co

2024-06-18 00:18

gorengkitty

MCEHLDG getting instead of Betamek :o

2024-07-19 17:55

cbkia4896

Nice pattern. Look like maybe got chance breakout. But.... DrM related counter.... Stay away bah

2024-07-30 10:44

cbkia4896

see sell more dy

2024-07-30 18:04

k3nthiew

time to fly

2024-07-31 09:07

k3nthiew

Beta should able to clinch some EV projects or supply parts to new brands

2024-07-31 09:09

tnang

super under value counter, just buy and keep. good QR result, div yield 6.6%

2024-07-31 10:10

cbkia4896

i take back, if can hit above 50 (ipo price) then hoseh, put in watchlist first

2024-08-01 09:11

geary

BETA Monthly Pivot Points Momentum!
S1: 0.395.(My Cost of Capital Employed)
PIVOT: 0.42.
R1: 0.45.
R2: 0.49.
Dis: Buy/Trade/Hold at your own Risk!
DY/BY Portfolio!?

2024-08-05 18:12

tnang

uptrend

2024-08-12 09:51

tnang

beta break, uptrend

2024-08-22 09:28

LuckyGuns

Betamek teams up with ITPSB for SafeSync360 project

2 months ago

Shines

Still dropping, when coming to 50s

2 months ago

Shines

Looks good closing today

2 months ago

tnang

difficult break 50. will come down again

2 months ago

Shines

Today touch 49 then drop again

2 months ago

sg999

almost 10% dividen

1 month ago

apalahaha67

COO resigned, stock price still below ipo 50sen. Trouble coming???

3 weeks ago

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