BETAMEK BERHAD
KLSE (MYR): BETA (0263)
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Last Price
0.425
Today's Change
-0.01 (2.30%)
Day's Change
0.425 - 0.435
Trading Volume
69,200
Corporate Figure or Shareholder
| Name | Role |
|---|
Discussions
3 people like this. Showing 50 of 1,077 comments
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
Really such a hopeless counter. Got contract and give dividends still down!
2023-07-27 10:20
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
Haha... These heavenly analysts so wrong about beta. Sell off la when you still can. Will drop drop drop.
2023-09-13 10:01
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
72 % owned by Iskandar Hldgs ..which in turn is about 72 % owned by Mirzam Mahathir based on online data
2024-01-24 13:55
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
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
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
Nice pattern. Look like maybe got chance breakout. But.... DrM related counter.... Stay away bah
2024-07-30 10:44
i take back, if can hit above 50 (ipo price) then hoseh, put in watchlist first
2024-08-01 09:11
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!?
2 months ago
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speakup
Tak percaya? Go here, see Mahathir name: https://www.betamek.com.my/page/
2023-07-22 11:29