Hi Mobility Bhd.
MMYX:HI1.61
MYR
-0.05
(-3.01%)
Hi Mobility Bhd.
MYX:HI
(Bursa Malaysia)
Recent
price
1.61
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Hi Mobility Bhd. is a Malaysia-based investment holding company and passenger transportation provider primarily engaged in operating public bus networks, chartered transport solutions, and digital mobility services under its flagship Causeway Link brand. The company operates through three principal business segments: Scheduled Bus Services, Chartered Bus Services, and Ancillary Transport Services. Its comprehensive portfolio of products and services includes cross-border express bus operations connecting Johor Bahru and Singapore across the Woodlands Causeway and Tuas Second Link; intracity and intercity stage bus routes servicing urban centers throughout Johor, the Klang Valley, and Melaka; corporate employee shuttle and contract transport programs; private chartered transport for leisure, corporate functions, educational trips, and airport transfers; digital fare and route management systems comprising the ManjaLink contactless smart card and the LUGO mobile transit application featuring live bus tracking, multi-modal journey planning, and cashless ticketing; and ancillary fleet support services encompassing commercial vehicle maintenance, workshop repairs, depot management, and interior and exterior transit advertising space rentals. Founded in 2003 and headquartered in Johor Bahru, Malaysia, the company caters to cross-border commuters, municipal transit riders, institutional clients, and tourists across Malaysia and Singapore through its core operating subsidiary, Handal Indah Sdn. Bhd. In recent corporate developments, the company executed a corporate restructuring and completed its initial public offering on the Main Market of Bursa Malaysia in March 2025, raising approximately RM115.9 million to fund capital expenditure and fleet expansion. Hi Mobility Bhd. has concurrently accelerated its fleet decarbonization strategy through the phased procurement of battery-electric buses and the deployment of electric vehicle charging infrastructure across its depot network, while modernizing its Operations Control Center with artificial intelligence-driven fleet analytics and dynamic route optimization technologies.