Mega Fortris Berhad
MMYX:MEGAFB3.38
MYR
+0.02
(+0.60%)
ISIN
MYL5327OO001
Return %
Stock
S&P 500
1Y
350.67
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Meng Poh Ng
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Shah Alam Malaysia
- IPO Date
- Nov 11, 2024
- Website
- megafortris.com
- Similar Companies
- Business
- Mega Fortris Berhad is a Malaysia-based security solutions company engaged in the design, manufacture, and global distribution of specialized security seals, tamper-evident products, and supply chain integrity solutions. Founded in 1996 and headquartered in Shah Alam, Selangor, Malaysia, the company operates internationally with sales offices, distribution hubs, and production operations serving markets across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Mega Fortris organizes its core product and service portfolio into high-security mechanical seals, indicative plastic seals, tamper-evident security packaging, and electronic tracking devices. Its high-security seal offerings comprise ISO 17712:2013-certified and C-TPAT-compliant bolt seals such as the Klicker series and container barrier locks; adjustable-length and heavy-duty steel cable seals; and high-tensile padlock seals utilized for maritime shipping containers, intermodal freight transport, rail wagons, and truck trailers. Its indicative and utility seal lineup includes pull-tight plastic seals; fixed-length strap seals; ring seals; jaw-lock seals; meter and valve seals engineered for electric, gas, and water utility networks; and tote box security seals. In tamper-evident packaging and containment solutions, the company manufactures secure deposit and cash-in-transit bags featuring specialized VOID-tamper indicator adhesive technology; tamper-evident adhesive tapes and security labels; reusable security envelopes and pouches; and rigid tamper-evident cargo boxes. Mega Fortris also develops smart security technologies, including radio-frequency identification (RFID) e-seals, barcode-serialized authentication systems, and digital chain-of-custody tracking solutions. The company serves enterprise customers across transportation and logistics, maritime freight, aviation, oil and gas, banking and cash management, healthcare and pharmaceuticals, postal services, chemicals, and retail. In recent corporate developments, Mega Fortris completed its initial public offering on the Main Market of Bursa Malaysia in November 2024 under the stock code MEGAFB, securing growth capital to fund international capacity expansion and supply chain modernization. The company is deploying expansion proceeds toward the establishment of a new production facility in the United Kingdom to decentralize manufacturing and enhance responsiveness to European clients, alongside commissioning automated production lines and robotics at its flagship manufacturing base in Malaysia. Mega Fortris has also expanded its sustainable product portfolio under its Green Warrior initiative by incorporating bio-additives and post-consumer recycled resins into its plastic seal formulations, while refining its strategic focus onto high-margin core industrial security seals and smart tracking solutions following the discontinuation of a prospective Macau gaming card manufacturing venture.