Red Planet Berhad straddles two unusual businesses: mapping electrical grids for utility companies, and holding the patent on Malaysia's Platform Intrusion Emergency Stop System, which halts LRT trains when something falls onto the tracks. The company recently moved from the LEAP market to ACE, raising RM13.3 million at RM0.19 a share, an offer oversubscribed 85 times. Its order book stands at roughly RM52 million, while managing director Lian Wah Seng estimates the addressable market at over RM10 billion.

Yet a government directive to install platform screen doors across LRT stations could eventually make Red Planet's safety system redundant, and a profit guarantee on its ASTI subsidiary runs out this December. How the company plans to defend its margins, deploy its fresh capital, and push into new markets once that cushion disappears is the question at the heart of this conversation.

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