KUALA LUMPUR (Nov 13): Securemetric Bhd, a digital security products and solutions, made its ACE Market debut this morning at 45 sen in actove trade.
Securemetric chief executive officer Edward Law Seeh Key said that the initial opening price shows the confidence from the investors in the company.
"I am happy to see a very good opening. Despite the Dowjones having a big drop last night, I believe that is the market confidence on our counter.
"Perhaps the investors and shareholders basically are confident on what Securemetric is doing. They believe in us. And I believe that is why our price is effected on the opening price," he said during a press conference after the its (Securemetric) opening of its stock at Bursa Malaysia today.
Securemetric listed under the stock name SMETRIC and stock code 0203, with its Initial Public Offering price was 25 sen per share, listing market capitalisation of RM60.9 million.
Securemetric posted a net profit of RM1.52 million for its third quarter ended Sept 30, 2018 (3QFY18), on revenue of RM9.23 million.
For the cumulative nine months (9MFY18), it recorded a net profit of RM1.04 million on revenue of RM19.64 million.