MMS Ventures Rides Industry Recovery with Diversification and Strong First-Half Earnings

Automation and test equipment manufacturer MMS Ventures (MMSV) is accelerating growth through diversification and standardization strategies while benefiting from a recovery in global demand. The company designs and builds both customized and standardized automation systems for clients across the LED, semiconductor, and OEM/ODM industries, serving applications in smart devices, automotive, and lighting.

In 1HFY25, MMSV recorded revenue of RM19.9 million, up 86% year-on-year, and PAT of RM2.3 million, up 91% year-on-year, supported by increased deliveries to smart-device and medical-equipment customers and gains from fair value adjustments on investments.

MMS Ventures – Growth markets

The group is pursuing three major strategies: expanding into higher-growth markets such as medical-device systems and energy-storage automation; transitioning from bespoke to standardized machine platforms for better scalability and cost efficiency; and leveraging its engineering expertise to secure ODM/OEM contracts in new geographic and industrial markets.

MMSV currently trades at an FY25F P/E of 26 times, below the Bursa Technology Index’s 28.5 times and peers like Aemulus Holdings at 30 times, suggesting room for upside re-rating.

Technically, the stock shows strong upward momentum after breaking above RM0.55 resistance, with near-term targets at RM0.65 and RM0.70, supported by rising EMAs and a bullish price gap.

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