Centurion Club: Technology

Azeus Systems Holdings returns as the overall sector winner in its industry for this year’s Centurion Club, picking up the weighted return on equity (ROE) win as well. CSE Global, an increasingly popular stock, is recognised for growth in profit after tax (PAT), while Multi-Chem rounds up the technology sector’s winners with the best returns to shareholders. 

Azeus describes itself as a global software and IT services company that offers products and services to help customers improve productivity. For more than three decades, the company has built digital solutions that support the work of boards, executives, and administrators across both public and private sectors — in over 100 countries. It is Hong Kong-based but has been listed in Singapore since 2004. The company’s flagship product is the Convene, described as a “governance platform built to simplify board meetings and leadership collaboration.” The software is used for daily workflows, supports compliance, maintains consistency, enables meetings, and more. 

In FY2025 ended March 31, Azeus reported revenue of HK$474.8 million ($79.4 million), an increase of 44.3% y-o-y; earnings in the same year surged 96.4% to HK$166.9 million. “We are pleased that our single largest contract in our corporate history, the HK$1.02 billion Central Electronic Record Keeping System project over a 53-month period, which entered its deployment phase in the previous fiscal year, has contributed positively to our topline, and is on track to continue its rollout through the remainder of the project period, extending to FY2027 as planned,” says executive chairman Lee Wan Lik.

See also: A rejuvenated Singapore market, a reset for The Edge Singapore

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CSE Global is a leading systems integrator providing electrification, communications and automation solutions across various industries. The company, listed since 1999, operates in 15 countries and has a headcount of more than 2,000. CSE Global says that its integrated systems — from electrification to communications and automation systems — sit at the heart of every infrastructure project and are mission-critical. CSE Global says its engineering capabilities have helped deliver complex, large-scale projects amidst the most challenging conditions. 

In FY2024 ended Dec 31, 2024, its order book stood at $672.6 million, underpinned by consistent demand for its electrification, communications, and automation solutions. Revenue for the year reached a new high of $861.2 million, an increase of 18.8% over FY2023. Net profit before exceptional items surged 63.2% in the same period to $36.8 million.

Multi-Chem, which gave the best returns to shareholders in this sector, started as a supplier of materials to printed circuit board makers. It was listed in 2000 in the then-Sesdaq and upgraded to the mainboard two years later, as it diversified into the fast-growing business of distributing cybersecurity and network performance products. This segment, run under the M.Tech brand, quickly became its core business, extending its presence to 24 cities across 13 countries. 

In FY2024, it achieved a new record in its revenue of $683.7 million, up 3.8% over FY2023. This boost was mainly due to the continued expansion of its IT arm and to higher spending by corporations and government on cybersecurity products. Multi-Chem expects this IT business to remain its main business in the foreseeable future as corporations and policymakers increasingly recognise the need to strengthen their cybersecurity infrastructure.