Introduction
SBS Nexus Berhad IPO marks the Group’s entry onto the ACE Market of Bursa Malaysia. SBS Nexus Berhad is an investment holding company that, through its subsidiaries, provides integrated branding and marketing solutions covering offline branding, digital branding, and business lead generation services for SMEs.
Established over 20 years ago, SBS Nexus has evolved from a traditional printing and flyer distribution business into a one-stop branding ecosystem. The Group’s service offerings include digital and outdoor advertising, content creation and video production, mobile and web application development, public relations, event management, and offline publication.
A key differentiating factor of SBS Nexus is its ownership of the long-established “ShangHai” business media brand, which serves the Mandarin-speaking business community and acts as a primary channel for client acquisition. Leveraging this platform, the Group connects businesses with branding solutions that enhance visibility, market reach, and brand recognition.
SBS Nexus Berhad is scheduled to be listed on the ACE Market of Bursa Malaysia under the Telecommunications & Media sector, with an IPO price of RM0.25 per share.
The Group will have an enlarged issued share capital of 490 million shares, translating into an estimated market capitalisation of RM122.5 million upon listing. Based on its financial year ended 2024 profit after tax, the IPO is valued at a price-earnings (PE) ratio of 16.13 times.
The offering includes an allocation to the Malaysian public and eligible Bumiputera investors approved by MITI.
Use of IPO Proceeds
- New Headquarters (23.2% | RM7.1m)
- Relocation to a 20,000 sq ft facility to accommodate over 100 staff and two large-scale production studios.
- Business Expansion (23.7% | RM7.25m)
- Launch of MyUsahawanMedia to enter the Malay-speaking SME market, including the hiring of 50 additional specialist staff.
- Repayment of Borrowings (19.6% | RM6.0m)
- Reduce gearing from 0.16x to 0.02x with annual interest saving of RM0.4M, strengthening the Group’s balance sheet.
- Working Capital (16.4% | RM5.04m)
- Support higher project volumes and cover outsourced service costs.
- Marketing & Branding (2.4% | RM0.74m)
- Targeted social media advertising and billboard campaigns for new brands.
- Listing Expenses (14.7% | RM4.5m)
- Professional fees and costs related to the IPO listing.
SBS Nexus Berhad recorded RM29.9 million in revenue, growing 50.0% year-on-year, showing strong business momentum. Net profit reached RM7.6 million, with a healthy profit margin of 25.4%. At the IPO price, the company is valued at a PE ratio of 16.13x and delivered a high ROE of 87.9%, reflecting strong profitability and efficient use of capital.
Post-IPO Shareholding Structure
Post-IPO, SBS Nexus Berhad will remain strongly founder- and management-controlled, with key executives collectively holding more than half of the company’s shares. Managing Director and CEO Wong Chun Mun is the largest shareholder with a 30% stake, followed by Executive Director Piah Yee Ling at 12%, Head of Digital Lai Kian Chuan at 10%, and Executive Director/COO Warren Cheng at 4.5%. This high level of insider ownership shows strong management commitment and alignment with long-term business performance.
An external investor, Alphabets Assets, holds a 6.7% stake, while the remaining 34.7% is allocated to the Malaysian public and MITI investors, providing reasonable market liquidity after listing. Overall, the shareholder structure reflects a balance between strong founder control and public float, which may support strategic consistency while still allowing investor participation.
Click here to view the full shareholding structure of SBS Nexus Berhad.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Investment in securities involves risks, and investors are encouraged to do their own research or consult with a financial advisor before making any investment decisions.
Screenshot from ShareInvestor Pro (Date: 29/12/2025)