(from left) iCents Group Holdings Bhd independent non-executive director’s Michelle Marie Maman, Law Sang Thiam, Lim Teng Hong, substantial shareholder Faye Khor Fei Yi, managing director Ong Mum Fei, executive director’s Foo Siang Leng, Tan Wei Ying, independent non-executive chairperson Lim Bee Vian, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, group chief corporate & institutional banking officer Teoh Chu Lin and corporate finance, islamic capital markets head and senior vice president Tee Kok Wah at iCents Group’s listing ceremony as it debuts on the ACE Market of Bursa Malaysia.
KUALA LUMPUR: iCents Group Holdings Bhd
is optimistic about achieving double-digit growth in the near term, driven by strong demand for its services and contributions from its manufacturing segment.
Managing director Ong Mum Fei said the manufacturing of cleanroom fixtures and related products currently contributed 10% to 15% of the group’s revenue.
“In the coming years, we expect the contribution from the manufacturing plants to increase, and we will see a positive impact on the group’s overall earnings,” he told the media after iCents’ listing ceremony here yesterday.
iCents is principally involved in providing cleanroom solutions, including engineering, procurement, construction, testing and commissioning services.
Its clients span across the semiconductor and electronics manufacturing, data centre, pharmaceutical and life sciences industries.
When asked whether the Investment, Trade and Industry Ministry’s recent directive on artificial intelligence chips would affect the company, Ong said the group does not foresee any immediate impact.
Earlier, iCents made a strong debut on the ACE Market of Bursa Malaysia, opening at 29 sen with a volume of 13.59 million shares changing hands.
This reflected a premium of about 20.83% from its initial public offering (IPO) price of 24 sen per share.
Prior to its market debut, the group’s IPO saw an oversubscription of 2.3 times, raising RM27mil through the issuance of 112.5 million new shares.
Of the proceeds, 17.31% will go towards the purchase of machinery and equipment, 11.19% for business expansion and 6.35% for product development.
The remainder will be used for marketing activities at RM1.5mil, working capital at RM12.01mil and listing-related expenses at RM4mil. Ong also said iCents plans to expand both locally and overseas.
Its new facility in Mantin, Negri Sembilan, is scheduled to begin operations in the first quarter of 2026, while a new office in Kuching, Sarawak is expected within a year.
Internationally, a new office in Jakarta is in the pipeline and is expected to be established within a year, while its Singapore office is already operational.
For the third quarter ended June 30, 2025, iCents posted a net profit of RM1.84mil on the back of RM18.85mil in revenue.
This brought its nine-month cumulative net profit to RM6.88mil and revenue to RM62.78mil.
iCents jumped 41.67%, or 10 sen, to 34 sen, with 150.54 million shares traded.
