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Betamek Berhad – RM176 Million Perodua Contract

Automotive Electronics Manufacturer Consistent and Stable

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BETA
Ontological
Not Invested
Published 12 Nov 2024

Update shared on 23 Dec 2025

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1Y
22.4%
7D
3.0%

Transaction Overview

  • Counterparty: Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua)
  • Contract Value: RM176.0 million
  • Duration: 6 years (16 Dec 2025 – 15 Dec 2031)
  • Scope: Supply of electronic parts for Perodua’s new vehicle model
  • Commencement: Q3 FY2026

Strategic Rationale

  • Pipeline Visibility: Six-year appointment provides long-term revenue certainty and production planning clarity.
  • Embedded Partnership: Reinforces Betamek’s position as a mission-critical electronics partner within Perodua’s supply chain.
  • Sector Tailwinds: Rising electronics content in vehicles (connectivity, electrification) supports higher-value product demand.

Market Context

  • Perodua Market Share: 44% (Jan–Oct 2025).
  • Sales Momentum: 289,210 units sold YTD; October 2025 deliveries surged 46% MoM to 34,116 units.
  • Industry Outlook: Strong consumer demand ahead of 2026 excise-duty restructuring; Perodua continues to dominate national vehicle segment.

Financial Impact

  • Revenue Contribution: Approx. RM176.0 million over six years.
  • Earnings Resilience: Contract supports economies of scale, operational utilisation, and margin stability.
  • Growth Trajectory: Strengthens Betamek’s earnings visibility and scalability in Malaysia’s automotive electronics ecosystem.

Management Commentary

  • Executive Director Muhammad Fauzi Bin Abd Ghani highlighted:
    • Trust built over decades of collaboration with Perodua.
    • Commitment to reliable, scalable, high-quality solutions aligned with vehicle technology advances.
    • Contract as a cornerstone for Betamek’s long-term growth roadmap.

Outlook

  • Focus on technological capabilities, operational efficiency, and localisation.
  • Positioned to capture rising electronics content in national vehicle platforms.
  • Multi-year contract underpins sustainable value creation for customers, partners, and shareholders.

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Disclaimer

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