Latest news with #LGMS
The Sun
13-07-2025
- Business
- The Sun
LGMS to acquire 27% stake in Antarex for RM22.68m
KUALA LUMPUR: Cybersecurity services provider LGMS Bhd has proposed to acquire a 27% stake in Antares Holdings Sdn Bhd (AHSB) for RM22.68 million. In a Bursa Malaysia filing, LGMS said the stake acquisition in information technology company Antarex is a strategic investment, marking a significant milestone in the collaboration between LGMS and AHSB, aimed at advancing cybersecurity capabilities and capturing new growth opportunities across Southeast Asia. Headquartered in Singapore, Antarex was part of the inaugural cohort of the CyberBoost Catalyse Programme, an initiative by the CyberSG TIG Collaboration Centre, powered by Plexal, supported by Singapore's Cyber Security Agency and the National University of Singapore. LGMS said the acquisition also reflected a significant step forward in realising both companies' shared vision of delivering integrated, AI-powered cybersecurity solutions across the region, as it followed on the heels of both companies having inked a memorandum of understanding to this effect earlier this year. LGMS chairman Fong Choong Fook said that the investment marks a key milestone in LGMS' regional growth strategy. 'Together, our combined platforms are set to deliver real-time threat detection, automated incident response and compliance-ready solutions tailored for enterprise and infrastructure-critical environments. 'This partnership enables us to offer end-to-end protection across a broader segment of the market -- from infrastructure operators to regional enterprises -- and fast-track our presence in high-growth ASEAN markets,' he added. Antarex CEO Tan Pek Loon said the alignment of technical capabilities promises to drive innovation further for both companies. 'This equity partnership supercharges our ability to jointly innovate, co-develop new solutions and deliver even greater protection to our customers across Southeast Asia,' he said. Tan added that the CyberBoost Catalyse programme equipped the most innovative and ambitious cyber companies from around the world with the knowledge and connections required to fast-track their growth plans. -- BERNAMA
The Sun
11-07-2025
- Business
- The Sun
LGMS to acquire 27pct stake in Antarex for RM22.68m
KUALA LUMPUR: Cybersecurity services provider LGMS Bhd has proposed to acquire a 27 per cent stake in Antares Holdings Sdn Bhd (AHSB) for RM22.68 million. In a Bursa Malaysia filing, LGMS said the stake acquisition in information technology company Antarex is a strategic investment, marking a significant milestone in the collaboration between LGMS and AHSB, aimed at advancing cybersecurity capabilities and capturing new growth opportunities across Southeast Asia. Headquartered in Singapore, Antarex was part of the inaugural cohort of the CyberBoost Catalyse Programme, an initiative by the CyberSG TIG Collaboration Centre, powered by Plexal, supported by Singapore's Cyber Security Agency and the National University of Singapore. LGMS said the acquisition also reflected a significant step forward in realising both companies' shared vision of delivering integrated, AI-powered cybersecurity solutions across the region, as it followed on the heels of both companies having inked a memorandum of understanding to this effect earlier this year. LGMS chairman Fong Choong Fook said that the investment marks a key milestone in LGMS' regional growth strategy. 'Together, our combined platforms are set to deliver real-time threat detection, automated incident response and compliance-ready solutions tailored for enterprise and infrastructure-critical environments. 'This partnership enables us to offer end-to-end protection across a broader segment of the market -- from infrastructure operators to regional enterprises -- and fast-track our presence in high-growth ASEAN markets,' he added. Antarex CEO Tan Pek Loon said the alignment of technical capabilities promises to drive innovation further for both companies. 'This equity partnership supercharges our ability to jointly innovate, co-develop new solutions and deliver even greater protection to our customers across Southeast Asia,' he said. Tan added that the CyberBoost Catalyse programme equipped the most innovative and ambitious cyber companies from around the world with the knowledge and connections required to fast-track their growth plans. -- BERNAMA
Focus Malaysia
09-07-2025
- Business
- Focus Malaysia
LGMS close to acquiring 27% stake in Antarex in quest to expand regional cybersecurity presence
BURSA Malaysia's leading cybersecurity outfit LGMS Bhd has sealed a conditional share sale agreement to acquire a 27% equity interest in AI (artificial intelligence)-driven cybersecurity specialist Antarex Holdings Sdn Bhd (AHSB) for RM22.68 mil cash. This strategic investment marks a significant milestone in the collaboration between LGMS and Antarex which is aimed at advancing cybersecurity capabilities and capturing new growth opportunities across Southeast Asia. It follows on the heels of both companies having inked a memorandum of understanding (MOU) to this effect in April his year. LGMS chairman Fong Choong Fook described the investment as marking a key milestone in LGMS' regional growth strategy. It is also set to deepen the integration between LGMS' award-winning StarSentry vulnerability management platform and Antarex's advanced cyber defence suite, including Managed XNI (eXtended Network Intelligence), DarkShield and Managed XOC+ (eXtended Operations Centre+). 'Together, our combined platforms are set to deliver real-time threat detection, automated incident response and compliance-ready solutions tailored for enterprise and infrastructure-critical environments,' commented Fong. 'This partnership enables us to offer end-to-end protection across a broader segment of the market – from infrastructure operators to regional enterprises – and fast-track our presence in high-growth ASEAN markets.' As part of this expanded collaboration, LGMS will now also offer enhanced managed cybersecurity services to clients by leveraging Antarex's Managed XOC+ platform – a unified AI-driven engine that integrates Extended Detection and Response (XDR), Security Information and Event Management (SIEM), Active Response (AR) and threat intelligence. This will empower the LGMS Group to scale its security-operations-centre (SOC)-as-a-service model by offering round-the-clock threat monitoring, detection and automated remediation to clients across the region. 'By combining LGMS' deep expertise in penetration testing, cyber risk assessment and regulatory alignment with Antarex's real-time, network-level defence solutions, the LGMS Group is poised to meet growing enterprise and public sector demand for proactive, managed cybersecurity coverage,' asserted Fong. Antarex CEO Tan Pek Loon expects the alignment of technical capabilities promises to drive innovation further for both companies. 'This equity partnership supercharges our ability to jointly innovate, co-develop new solutions and deliver even greater protection to our customers across Southeast Asia,' envisages Tan. Headquartered in Singapore, Antarex was part of the inaugural cohort of the CyberBoost Catalyse Programme, an initiative by the CyberSG TIG Collaboration Centre, powered by Plexal, supported by Singapore's Cyber Security Agency (CSA) and the National University of Singapore (NUS). At the close g today's (July 9) trading, LGMS was unchanged at 90 sen with 37,100 shares traded, thus valuing the company at RM410 mil. – July 9, 2025
The Star
09-07-2025
- Business
- The Star
LGMS to acquire 27% stake in Antarex for RM23mil
PETALING JAYA: Cybersecurity service provider LGMS Bhd is proposing to acquire a 27% stake in information technology company Antarex Holdings Sdn Bhd (AHSB) for RM22.68mil. In a filing with Bursa Malaysia, LGMS said it is proposing to acquire the stake from AHSB's co-founders and directors, Tan Soon Huat and Tan Pek Loon. LGMS said the acquisition will unlock significant growth potential and synergies. 'In particular, LGMS will be able to leverage on AHSB's regional market presence to introduce its award-winning cybersecurity solution, StarSentry to a broader client base across South-East Asia. 'AHSB will also stand to benefit from the proposed acquisition through the integration of StarSentry solution into its existing suite of cybersecurity solutions, which will potentially create a robust, comprehensive and unified cybersecurity defence system.' LGMS noted that with the rapidly evolving technological ecosystem, there is a need to strengthen governance and oversight to manage the risks, which include, data privacy, cybersecurity threats, and ethical issues.
Yahoo
02-07-2025
- Business
- Yahoo
LGMS Berhad's (KLSE:LGMS) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
LGMS Berhad (KLSE:LGMS) has had a rough week with its share price down 3.2%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study LGMS Berhad's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for LGMS Berhad is: 12% = RM12m ÷ RM96m (Based on the trailing twelve months to March 2025). The 'return' is the profit over the last twelve months. Another way to think of that is that for every MYR1 worth of equity, the company was able to earn MYR0.12 in profit. View our latest analysis for LGMS Berhad We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. At first glance, LGMS Berhad seems to have a decent ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 12%. Consequently, this likely laid the ground for the decent growth of 7.7% seen over the past five years by LGMS Berhad. As a next step, we compared LGMS Berhad's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 30% in the same period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about LGMS Berhad's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. While LGMS Berhad has a three-year median payout ratio of 51% (which means it retains 49% of profits), the company has still seen a fair bit of earnings growth in the past, meaning that its high payout ratio hasn't hampered its ability to grow. Along with seeing a growth in earnings, LGMS Berhad only recently started paying dividends. Its quite possible that the company was looking to impress its shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 30% over the next three years. Regardless, the ROE is not expected to change much for the company despite the lower expected payout ratio. Overall, we feel that LGMS Berhad certainly does have some positive factors to consider. Its earnings growth is decent, and the high ROE does contribute to that growth. However, investors could have benefitted even more from the high ROE, had the company been reinvesting more of its earnings. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
