KUALA LUMPUR: Enterprise IT solutions provider MM Computer Systems Bhd is bidding for seven contracts worth a combined RM127 million amid continued investments in digital infrastructure and cybersecurity by Malaysian government-linked companies (GLCs) and enterprises.
The company, which is preparing for a listing on the ACE Market of Bursa Malaysia, said the tenders span sectors including utilities, transportation and retirement-related services, where it has an established customer base.
Managing director and CEO Macken Young Yoong Chang said tender conversion rates vary depending on project complexity and competition intensity, although repeat engagements with existing customers generally improve the group’s chances of securing contracts.
“Normally for those customers that stayed with us for many years, it’s a much higher chance for us to get the tenders,” he said during the company’s prospectus launch.
The RM127 million tender pipeline exceeds the group’s current RM80.83 million order book, which comprises 105 ongoing projects and multi-year support contracts with unrecognised revenue extending through to 2029.
Of the total order book, Young said approximately RM37 million is expected to be recognised in the financial year ending 2026, while the remaining balance will be recognised progressively based on project implementation and delivery timelines.
MMCS said much of its business is structured around multi-phase contracts combining implementation work with recurring maintenance and support services, providing longer-term earnings visibility and recurring income streams beyond the initial deployment phase.
The company derives close to 50% of its revenue from GLC-related customers and currently serves about 15 GLCs across sectors including utilities, highways, airports, transportation and retirement-related services.