12/05/2026

BIZ & FINANCE TUESDAY | MAY 12, 2026

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MM Computer Systems bullish on revenue, earnings growth

RHB partners SJPP to facilitate RM1 billion in SME financing PETALING JAYA: RHB Banking Group has entered into a partnership with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP), which is wholly owned by the Minister of Finance (Incorporated), to facilitate up to RM1 billion in financing for small and medium enterprises and mid-tier companies. The partnership represents a dedicated financing allocation ear marked for RHB under SJPP admi nistered government guarantee programmes. Through the partnership, RHB and SJPP aim to broaden SMEs’ access to financing by lowering barriers to funding and supporting a wider range of businesses. Eligible SMEs will also be able to benefit from restructuring, re scheduling and repayment assist ance, enabling them to better manage cash flow pressures and sustain operations amid rising costs and a more challenging operating environment. The collaboration further supports national efforts to assist businesses affected by the ongoing West Asia conflict. As a parti cipating financial institution under Bank Negara Malaysia’s SME Stabilisation Relief Facility (SME SRF), RHB’s collaboration under the partnership complements broader national efforts to strengthen business continuity during periods of heightened uncertainty. To enhance outreach, RHB and SJPP will jointly organise road shows across key regions, including Klang Valley, Johor Bahru and Penang. These sessions will raise awareness of available financing solutions and facilitate direct engagement with SMEs, con necting eligible businesses to relevant programmes. RHB has been actively parti cipating in SJPP’s various ini tiatives since 2009, facilitating financing solutions across various sectors.

multiple of about 12.29 times based on MMCS’ audited FY2025 profit after tax attributable to owners of the company of RM10.12 million. For FY2025, MMCS registered revenue of RM98.68 million, representing a 33.88% increase from RM73.71 million in FY2024, while profit after tax attributable to owners of the company rose 16.46% to RM10.12 million. Gross profit in creased to RM21 million. As at April 13, 2026, the group had 105 ongoing projects and multi-year support contracts with total unrecognised revenue of RM80.83 million, of which about RM37 million is expected to be recognised in FY2026, while the remaining balance is scheduled for recognition pro gressively through to 2029 depending on project implementation and delivery timelines. MMCS said much of its business is structured around multi-phase con tracts combining implementation work with recurring maintenance services, allowing the group to build recurring income streams beyond the initial deployment phase and streng thening longer-term earnings visibility. Young said a typical first-time engagement with a new GLC customer carries a total contract value ranging from RM10 million to RM20 million over a three-year period. The initial implementation phase generally spans six to nine months and involves system design, deploy ment and configuration work, followed by recurring maintenance contracts that typically extend for another three years. The group said the model allows it to deepen long-term customer relationships, expand wallet share and secure repeat engagements over time. One customer’s contribution to MMCS increased from RM16.9 million in FY2022 to RM26.5 million in FY2025 across successive contracts.

KUALA LUMPUR: Enterprise IT solutions provider MM Computer Systems Bhd (MMCS) expects sustained demand for enterprise digital infrastructure and cyber security services as Malaysian enter prises and government-linked com panies (GLC) accelerate technology upgrades and digitalisation initiatives. Managing director and CEO Macken Young Yoong Chang said MMCS expects continued growth in revenue and earnings over the next two years, supported by long-term enterprise contracts and recurring maintenance income streams. “We expect similar growth in both our top line and bottom line over the next two years,” he told the media during the company’s prospectus launch yesterday. The group, which is seeking a listing on the ACE Market of Bursa Malaysia, plans to raise RM26.18 million from its initial public offering (IPO) to support larger project execution capabilities, workforce expansion, capability development and partial repayment of bank borrowings. Priced at 22 sen per share, the IPO entails the issuance of 119 million new shares and an offer for sale of 47.34 million existing shares, repre senting a total offering of 166.34 million shares. The offer implies a price-earnings o IT company expects sustained demand for enterprise digital infrastructure and cybersecurity services Ű BY HAYATUN RAZAK sunbiz@thesundaily.com

From left: Malacca Securities Sdn Bhd managing director Lim Chia Wei; MM Computer Systems executive director and sales head Lee Choon Weng; Young; business development head Quah Soo Keat and SCS Global Advisory Sdn Bhd managing director and CEO Phua Yee Boon.

IT upgrades. The tender pipeline exceeds the group’s current order book and remains under evaluation. The company said tender con version rates vary depending on project complexity, pricing competi tiveness and the number of bidders involved, although long-standing customer relationships generally improve its chances of securing repeat contracts.

GLC-linked customers contri buted 49.76% of the group’s revenue in FY2025. MMCS currently serves about 15 GLC across sectors in cluding utilities, retirement schemes, transportation, highways and airport operations. The group is pursuing seven active tenders with a combined potential value of RM127.13 million as enterprises and GLC continue investing in digital infra structure, cybersecurity and enterprise

U Mobile adds VIBE Mobile to its MVNO portfolio PETALING JAYA: U Mobile, Malaysia’s newest 5G network provider, has added VIBE Mobile, an Elite Links (M) Sdn Bhd company, to its list of mobile virtual network operator (MVNO) partners. officer Navin Manian said, “At U Mobile, we believe the industry is healthiest when there is competition as that will keep everyone sharp and ultimately deliver better outcomes for customers. This latest MVNO with U Mobile as the network partner supporting our launch. With its strong next gen 5G network capabilities, and continued focus on innovation, U Mobile provides a solid foundation for us to deliver a seamless, high-quality, and future-ready digital experience for Malaysians.

partnership demonstrates how U Mobile is extending our next-gen 5G network advantage to enable a more dynamic MVNO ecosystem. “We continuously invest in our network for scale, flexibility, and future needs. This gives partners like VIBE Mobile the ability to develop differentiated offerings for specific customer segments, helping to drive greater innovation and competition across the mobile sector. As more partners come onboard, Malaysians stand to benefit from greater choice, sharper value, and services designed for different needs”. VIBE Mobile CEO Joseph Lim said, “This partnership marks a major milestone in bringing the VIBE Mobile vision to life, and we are proud to work

This latest collaboration will see U Mobile provide VIBE Mobile, a new mobile service brand in Malaysia, access to its next-generation 4G and 5G network for data, domestic and international services and roaming capabilities. This collaboration will also allow VIBE Mobile to focus on service design, branding and customer engagement, while relying on U Mobile for core mobile connectivity. By enabling partners to enter the market using its established network capabilities, U Mobile is helping broaden consumer and business choice, while supporting businesses that are looking to develop and scale new digital services in Malaysia. U Mobile chief consumer business

“As a modern, lifestyle-driven digital brand, having the right network partner is critical. At VIBE Mobile, we are creating more than a mobile brand – we are building a digital lifestyle ecosystem that reflects how today’s generation connects, consumes content, and expresses themselves. Together with U Mobile, we are excited to introduce a new generation of mobile experiences that go beyond connectivity to enable lifestyles and meaningful digital experiences for Malaysians.” The collaboration is part of U Mobile’s broader effort to build a more dynamic partner ecosystem, anchored on its next-gen 5G network.

From left: U Mobile consumer business head Michael Tung, Navin, Lim and VIBE Mobile chief operating officer Shoo Kah Chon.