KUALA LUMPUR (Dec 22): Betamek Bhd (KL:BETA), an original design manufacturer and an electronics manufacturing services firm, has secured a six-year contract worth RM176 million from Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to supply electronic components for a new Perodua vehicle model, strengthening the group’s long-term revenue visibility.

The contract, awarded to its wholly owned subsidiary Betamek Electronics (M) Sdn Bhd, commenced on Dec 16, 2025, with component supply already underway in the third quarter ending Dec 31, 2025 (3QFY2026).

The long-term appointment is expected to support earnings stability through improved production planning, higher capacity utilisation and economies of scale.

“This contract strengthens our long-term production visibility and underscores our role as a key electronics partner in Malaysia’s mobility ecosystem,” Betamek executive director Muhammad Fauzi Abd Ghani said in a statement on Monday.

The award comes as Perodua continues to dominate Malaysia’s automotive market, commanding a 44% market share in the first 10 months of 2025 after selling 289,210 vehicles.

Perodua’s strong sales momentum, driven by resilient demand for affordable national cars, is expected to lift demand for higher electronics content in new model roll-outs.

Betamek stands to benefit from deeper integration within Perodua’s supply chain as vehicle platforms increasingly incorporate more advanced and integrated electronic systems.

Looking ahead, Betamek plans to continue enhancing its manufacturing scalability, localisation efforts and technological capabilities to support Perodua’s future model development and rising electronics requirements.

At the noon break on Monday, Betamek shares were half a sen or 0.97% lower at 51 sen, giving the company a market capitalisation of RM231 million. The stock is up 15.9% year to date.