Tag: Mercury Securities Group Berhad

Mercury Securities Achieves Healthy Performance for Q4FY2023

Mercury Securities Group Berhad (Mercury Securities or Company), today announced the Company’s consolidated financial results for the fourth quarter ended 31 October 2023 (Q4FY2023), marking a period of sustained growth.

For Q4FY2023, the Group reported revenue of RM8.71 million, which signifies a notable increase of 19.93% from RM7.26 million in the preceding quarter (“Q3FY2023”), despite challenging market conditions domestically and internationally, underscoring the Group’s performance resilience. The stockbroking segment contributed RM6.35 million, while the corporate finance segment added RM2.36 million, reflecting the Group’s multi-channel revenue stream.

Mercury Securities’ gross profit margin stood at 57.93% for Q4FY2023. The Profit Before Tax (“PBT”) for the cumulative quarters reached RM12.46 million, after fully charging the one-off non-recurring listing expenses of RM3.93 million. Excluding this one-off non-recurring listing expenses of RM3.93 million, the Group performed creditably with PBT for the current quarter of RM4.60 million and RM16.39 million for the full financial year.

The Board of Directors is pleased to declare a maiden interim dividend of 0.5 sen per share based on the entitlement date of 12 January 2024 whilst the payment date has been fixed on 2 February 2024. The Group continues to be committed to creating value for its shareholders and other stakeholders.

The Management of Mercury Securities commented, “Our credible performance this quarter, evidenced by a meaningful increase in revenue and a healthy gross profit margin, demonstrates the effectiveness of our business strategies. These results underscore our resilience and our all-round proficiency in a mixed market environment. We are particularly proud of our team’s efforts in achieving these results and remain focused on sustaining this growth trajectory.”

Looking ahead, Mercury Securities is steadfast in the Group’s commitment to driving revenue growth and optimising operating costs. Key initiatives include expanding its share margin financing portfolio, enhancing its online trading platform with algorithmic capabilities to increase market share, enlarging its proprietary trading teams and adding corporate finance personnel to further expand the corporate finance division.

Mercury Securities will also be introducing new products and services to further diversify its revenue channels and thereby expand its clients base. With these strategies in place, the Group is poised to navigate future challenges and capitalise on opportunities for the Group’s continued growth and performance.

There are no comparative year-on-year figures as Mercury Securities was only listed on the ACE Market of Bursa Malaysia on 19 September 2023.

Mercury Securities Group Berhad Debuts on ACE Market

The Group continue to innovate, digitise and expand product and service offerings

Mercury Securities Group Berhad (Mercury Securities or Company), debuted today on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), opening at RM0.27 per share which represents a premium of 8% over the initial public offering (IPO) price of RM0.25 per share.

[L-R] Datin Chua Suat Khim, Independent Non-Executive Director of Mercury Securities; Mr. Chan Kim Hing, Independent Non-Executive Director of Mercury Securities; Dato’ Baharon Bin Talib, Independent Non-Executive Chairman of Mercury Securities; Dato’ A. Rahman Bin Safar, Non-Independent Non-Executive Director of Mercury Securities; Mr. Chew Sing Guan, Managing Director of Mercury Securities; Ms. Himahlini A/P M. Ramalingam, Independent Non-Executive Director of Mercury Securities

Mercury Securities is listed under the stock name of MERSEC with HKG: of 0285.

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad (“Bursa Securities”) and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.

The Group raised a total of RM39.27 million through the IPO, from which RM26.86 million of the proceeds is allocated for margin financing facility services. RM2.88 million is allocated for the enhancement of digitalisation programme and marketing activities for the stockbroking business and operations of the Group. RM4.63 million of the proceeds will be used for working capital purposes while the remaining RM4.90 million is allocated for estimated listing expenses.

Managing Director of Mercury Securities, Mr. Chew Sing Guan said, “I would like to thank the SC and Bursa Securities for their continued stewardship of our capital market. I would also like to thank the entire Mercury Securities team and due diligence working group for their hard work to make today possible.”

Upon its listing on the ACE Market, Mercury Securities will have a market capitalisation of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares.

Mercury Securities Group Berhad: https://www.mercurysecurities.com.my/

Mercury Securities Group Berhad to Raise RM39.27 Million from IPO

  • Aims to expand margin financing facility services and enhance digitalisation programme in stockbroking business

Mercury Securities Group Berhad, unveiled its prospectus today in conjunction with its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Berhad.

Mr. Chew Sing Guan, Managing Director of Mercury Securities Group Berhad; Ms. Alynn Lim Geok Lian, Deputy Chief Executive Officer of Public Investment Bank Berhad

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.

The IPO is projected to raise RM39.27 million via the issuance of 157.09 million shares at the issue price of RM0.25 per share. The proceeds will be allocated in the following manner:

  • RM26.86 million used for margin financing facility services;
  • RM2.88 million used for enhancement of digitalisation programme and marketing activities for the stockbroking business and operations of the Group;
  • RM4.63 million for working capital; and
  • RM4.90 million for estimated listing expenses.

Managing Director of Mercury Securities, Mr. Chew Sing Guan said, “We plan to leverage this listing to continue to innovate, digitise and expand our product and service offerings. With our diverse range of products and services that we now offer, which include stockbroking, corporate finance, proprietary trading, margin financing and research advisory, custodian and nominee services, we are embarking on a journey that is not just a corporate milestone, but a springboard for our group to reach higher and deeper into the capital market.”

He added, “Mercury has been profitable every single year since it started operations in 1992, despite the ups and downs of the stock market. We will be the first stockbroking company to seek and gain an IPO listing in Bursa in the last 20 years. As we embark on this new chapter, I wish to thank our talented and dedicated team, and also our clients, new and old, as well as the ones we have yet to welcome. This capital market is ever-evolving and Mercury will endeavour to likewise, and for the better.”

Deputy Chief Executive Officer, Ms. Alyn Lim Geok Lian of Public Investment Bank Berhad (“PIVB”) stated, “Mercury Securities’ long-standing presence has not just fortified their market position but also allowed them to create an enduring client base that acts as a springboard for future growth.”

She added, “This would not have been possible if it wasn’t for the strong leadership of Mr. Chew Sing Guan, the Managing Director of Mercury Securities whom has guided the Group to where it is today. We believe that the Group is in capable hands and will continue to scale greater heights and create more value for all its stakeholders.”

Pursuant to the launch of Mercury Securities’ prospectus, applications for the Public Issue are open from today and will close on 5 September 2023 at 5.00 p.m. Mercury Securities is scheduled to be listed on the ACE Market of Bursa Securities on 19 September 2023.

Upon its listing on the ACE Market, Mercury Securities will have a market capitalisation of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares.

PIVB is the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for this IPO exercise.

Photo 1 [L-R]
1. Mr. Chew Sing Guan, Managing Director of Mercury Securities Group Berhad
2. Ms. Alynn Lim Geok Lian, Deputy Chief Executive Officer of Public Investment Bank Berhad
( https://photos.acnnewswire.com/20230828.SIMY1.jpg )

Photo 2 [L-R]
1. Ms. Himahlini A/P M. Ramalingam, Independent Non-Executive Director of Mercury Securities Group Berhad
2. Datin Chua Suat Khim, Independent Non-Executive Director of Mercury Securities Group Berhad
3. Dato’ Baharon Bin Talib, Independent Non-Executive Chairman of Mercury Securities Group Berhad
4. Mr. Chew Sing Guan, Managing Director of Mercury Securities Group Berhad
5. Ms. Alynn Lim Geok Lian, Deputy Chief Executive Officer of Public Investment Bank Berhad
6. Dato’ A. Rahman Bin Safar, Non-Independent Non-Executive Director of Mercury Securities Group Berhad
7. Mr. Chan Kim Hing, Independent Non-Executive Director of Mercury Securities Group Berhad
( https://photos.acnnewswire.com/20230828.SIMY2.jpg )

Mercury Securities Group Berhad: https://www.mercurysecurities.com.my/

Mercury Securities Group Signs Underwriting Agreement with Public Investment Bank for its IPO on the ACE Market of Bursa Malaysia

Mercury Securities Group Berhad has entered into an underwriting agreement with Public Investment Bank Berhad (PIVB) today for the Group’s upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.

The IPO involves the public issue of 157.10 million new ordinary shares (“Issue Shares”) and an offer for sale of 71.51 million existing ordinary shares (“Offer Shares”) representing 17.59% and 8.01% respectively of Mercury Securities’ enlarged issued shares of 893,000,000 ordinary shares upon its listing.

The Issue Shares and Offer Shares will be allocated in the following manner:
A. PUBLIC ISSUE
Malaysian Public
– 44.65 million Issue Shares representing 5.00% of the enlarged issued share capital for application by Malaysian public, of which 50.00% is to be set aside for Bumiputera investors.

Eligible Persons
– 22.33 million Issue Shares representing 2.50% of the enlarged issued share capital for application by eligible directors, employees and persons who have contributed to the Group’s success.

Selected Investors
– 45.47 million Issue Shares representing 5.09% of the enlarged issued share capital made available by way of private placement to selected investors.

Bumiputera Investors approved by Ministry of Investment, Trade and Industry (“MITI”)
– 44.65 million Shares representing 5.00% of the enlarged issued share capital made available by way of private placement to Bumiputera investors approved by MITI.

B. OFFER FOR SALE
Selected Investors
– 4.53 million Offer Shares representing 0.51% of the enlarged issued share capital made available by way of private placement to selected investors.

Bumiputera Investors approved by MITI
– 66.98 million Offer Shares representing 7.50% of the enlarged issued share capital made available by way of private placement to Bumiputera investors approved by MITI.

PIVB will underwrite 66.98 million Issue Shares made available for application by the Malaysian Public and Eligible Persons.

Managing Director of Mercury Securities, Mr. Chew Sing Guan stated, “Our listing will enhance our visibility and reputation in the marketplace, and enable our directors, employees, business partners and public investors to participate in the growth and continued expansion of our business whilst increasing shareholders’ value.”

“This corporate milestone will help scale our Group to new heights by tapping on new opportunities, and to respond to the evolving needs of our customers and trends in the marketplace. Our Group will remain focused and committed to continually provide innovative products and solutions that create value for our customers and strive to exceed their expectations. To this purpose, we are committed to developing our digitalisation programme in order to innovate our products and services offerings for our customers, while we continue to automate and streamline our operations for all-round efficiency.”

Chief Executive Officer, Mr. Lee Yo-Hunn of PIVB said, “We are proud to be the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent of Mercury Securities and to play a part in Mercury Securities’ new corporate journey as a listed company on the ACE Market of Bursa Malaysia Securities Berhad. The listing will certainly augur well for Mercury Securities to tap on the capital market for its growth and expansion plans.”

Mercury Securities Group Berhad: https://www.mercurysecurities.com.my/