MyTech Group Berhad
MMYX:MYTECH0.24
MYR
+0.01
(+4.35%)
ISIN
MYL7692OO006
Return %
Stock
S&P 500
1Y
-18.64
14.20
3Y
-33.33
81.12
5Y
-73.91
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 35
- Sector
- Producer manufacturing
- Industry
- Metal fabrication
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jan 31, 1997
- Website
- mytechgroup.com.my
- Similar Companies
- Business
- MyTech Group Berhad is a Malaysia-based investment holding company primarily engaged in precision spring manufacturing, licensed credit financing, property investment, and hospitality management. Through its primary manufacturing subsidiary, Wire Master Spring Sdn. Bhd., the group specializes in the engineering, custom tooling, and fabrication of precision springs and wire-formed metal components for original equipment manufacturers across the electrical and electronics, automotive, telecommunications, and consumer appliance sectors. Its manufacturing product portfolio includes compression springs designed for axial load resistance in straight and conical geometries; extension and tension springs engineered with diverse end-loop and hook configurations; torsion springs manufactured to deliver rotational torque in mechanical assemblies; custom wire forms; and specialized precision industrial springs, complemented by in-house heat treatment and precision tool-making services. Through its financial services subsidiary, GW Premium Capital Sdn. Bhd., the company operates as a licensed credit and moneylending institution under the Moneylenders Act 1951, providing secured and unsecured personal financing facilities, small-to-medium enterprise credit, and commercial working capital loans to underserved market segments, while also providing corporate insurance agency services. The group additionally provides commercial property investment and leasing services, internal management services, and hotel operations in Laos. Originally incorporated in 1984 and listed on the Main Market of Bursa Malaysia under the ticker MYTECH, the company is headquartered in Kuala Lumpur, Malaysia, and operates a 40,000-square-foot manufacturing plant in Bukit Minyak Industrial Park, Penang, with business activities spanning Malaysia and the Lao People's Democratic Republic. In recent strategic developments, the group executed an official corporate name change and rebranding from Widetech (Malaysia) Berhad to MyTech Group Berhad to reflect its diversified investment holding strategy. Concurrently, the group restructured its operational portfolio by winding down and exiting legacy overseas gaming concessions in Cambodia and repositioning its non-core hospitality holdings to allocate capital toward the expansion of its high-margin credit financing division and core manufacturing capabilities. In addition to investing in advanced automated computer-controlled coiling and forming machinery from Japan and Germany, the group has pursued external strategic growth opportunities, including equity investment agreements in the renewable energy sector through the proposed acquisition of a 25 percent equity interest in Future NRG Sdn. Bhd. via its investment vehicle ANTBIZ Sdn. Bhd.