Posted by Believe3222 > 2024-01-22 09:19 | Report Abuse

need papa help again

Posted by Starship2 > 2024-01-24 13:55 | Report Abuse

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

Posted by Starship2 > 2024-01-24 14:02 | Report Abuse

Looks like he is also the CEO of the company

Posted by hhhiii123 > 2024-01-24 22:36 | Report Abuse

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

Posted by Medusa > 2024-01-25 20:20 | Report Abuse

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.

Posted by tnang > 2024-05-10 15:00 | Report Abuse

super under value

Posted by icecube > 2024-05-11 16:40 | Report Abuse

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.

Posted by speakup > 2024-05-12 09:29 | Report Abuse

Tun M son is dragging down Betamek

Posted by PennyStock123 > 2024-05-13 09:30 | Report Abuse

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

Posted by soon9913 > 2024-06-18 00:18 | Report Abuse

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

Posted by gorengkitty > 2024-07-19 17:55 | Report Abuse

MCEHLDG getting instead of Betamek :o

Posted by cbkia4896 > 2024-07-30 10:44 | Report Abuse

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

Posted by cbkia4896 > 2024-07-30 18:04 | Report Abuse

see sell more dy

Posted by k3nthiew > 2024-07-31 09:07 | Report Abuse

time to fly

Posted by k3nthiew > 2024-07-31 09:09 | Report Abuse

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

Posted by tnang > 2024-07-31 10:10 | Report Abuse

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

Posted by cbkia4896 > 2024-08-01 09:11 | Report Abuse

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

Posted by geary > 2024-08-05 18:12 | Report Abuse

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!?

Posted by tnang > 2024-08-12 09:51 | Report Abuse

uptrend

Posted by tnang > 2024-08-22 09:28 | Report Abuse

beta break, uptrend

Posted by LuckyGuns > 2 months ago | Report Abuse

Betamek teams up with ITPSB for SafeSync360 project

Posted by Shines > 2 months ago | Report Abuse

Still dropping, when coming to 50s

Posted by Shines > 2 months ago | Report Abuse

Looks good closing today

Posted by tnang > 2 months ago | Report Abuse

difficult break 50. will come down again

Posted by Shines > 2 months ago | Report Abuse

Today touch 49 then drop again

Posted by sg999 > 1 month ago | Report Abuse

almost 10% dividen

Posted by apalahaha67 > 3 weeks ago | Report Abuse

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