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SkyeChip Bhd (5555), our home grown semiconductor chip designer, is making its debut on the Main Market of Bursa Malaysia today.
Oversubscribed by 95.03x at the IPO price of RM0.88 with a market capitalisation of RM1.58 billion.
They have 22 cornerstone investors taking up close to 60% of the institutional offering such as Khazanah, EPF, LTAT, Tabung Haji.
It is raising RM352 million from this listing exercise to expand its operational facilities, computing infrastructure labs, R&D of integrated circuit (IC) products and silicon intellectual property (IP), licensing development tools and working capital.
There is no offer for sale of existing shares, meaning current shareholders are not cashing out.
Chief executive officer Datuk Fong Swee Kiang said the listing will elevate SkyeChip’s position as a regional IC design player focused on high-performance computing and artificial intelligence (AI) within the semiconductor industry.
As we scale, we continue to expand from silicon IP into silicon products, including custom ASIC and we are also engaging in more silicon product-related engagements,” said SkyeChip chief executive officer Datuk Fong Swee Kiang
Full year 2025 net profit was RM35.9 million on the back of RM119.5 million revenue.
For the latest quarterly result 31 March 2026, it recorded RM31.47 milllion net profit on the back of RM58.87 million revenue.
Kenanga Investment Bank, Public Investment Bank, RHB Investment Bank, MBSB Investment Bank, Hong Leong Investment Bank, Malacca Securities, TA Securities, Mercury Securities, BIMB Securities, Tradeview Capital, UOB Kay Hian, and Rakuten Trade have given a target prices of between RM0.99 - RM2.08
There will always be trading opportunities on listing day and may trade above the target prices given.
#IPOIdeas
Oversubscribed by 95.03x at the IPO price of RM0.88 with a market capitalisation of RM1.58 billion.
They have 22 cornerstone investors taking up close to 60% of the institutional offering such as Khazanah, EPF, LTAT, Tabung Haji.
It is raising RM352 million from this listing exercise to expand its operational facilities, computing infrastructure labs, R&D of integrated circuit (IC) products and silicon intellectual property (IP), licensing development tools and working capital.
There is no offer for sale of existing shares, meaning current shareholders are not cashing out.
Chief executive officer Datuk Fong Swee Kiang said the listing will elevate SkyeChip’s position as a regional IC design player focused on high-performance computing and artificial intelligence (AI) within the semiconductor industry.
As we scale, we continue to expand from silicon IP into silicon products, including custom ASIC and we are also engaging in more silicon product-related engagements,” said SkyeChip chief executive officer Datuk Fong Swee Kiang
Full year 2025 net profit was RM35.9 million on the back of RM119.5 million revenue.
For the latest quarterly result 31 March 2026, it recorded RM31.47 milllion net profit on the back of RM58.87 million revenue.
Kenanga Investment Bank, Public Investment Bank, RHB Investment Bank, MBSB Investment Bank, Hong Leong Investment Bank, Malacca Securities, TA Securities, Mercury Securities, BIMB Securities, Tradeview Capital, UOB Kay Hian, and Rakuten Trade have given a target prices of between RM0.99 - RM2.08
There will always be trading opportunities on listing day and may trade above the target prices given.
#IPOIdeas
Solarvest aiming for robust growth in FY27…
Main growth drivers for FY27
Record order book of RM2.5 billion, equivalent to about 3.3 times FY26 revenue, providing earnings visibility through FY27 and FY28. Most projects are tied to utility-scale solar and the Corporate Green Power Programme (CGPP).
FY26 was a record year, with net profit rising about 54% to RM79.8 million and revenue increasing 41% to RM757 million. Strong execution of large-scale solar projects and recurring energy generation income contributed to the results.
Potential upside from CRESS projects (Corporate Renewable Energy Supply Scheme), which could add new contracts once regulatory clarity improves. Some analysts expect project awards to emerge during 2026.
Battery Energy Storage Systems (BESS) are seen as the next growth area. Solarvest is positioning itself to benefit as Malaysia expands energy storage alongside solar deployment.
LSS6 solar tenders are expected to be another significant opportunity for new order wins.
What analysts are saying
Several research houses remain positive because of:
Stable profit margins.
Strong project execution track record.
High order-book visibility.
Leading position in Malaysia’s solar EPCC market.
UOB Kay Hian maintained a Buy call and raised its target price to RM3.50, believing further re-rating is possible if Solarvest secures additional renewable energy projects.
Things to watch
The biggest near-term uncertainty is the final structure of the System Access Charge (SAC) under CRESS. How this is implemented could affect the pace of project awards and adoption.
For investors, the key metrics to monitor over the next 6–12 months are:
New CRESS contract wins.
LSS6 tender results.
BESS project awards.
Whether the RM2.5 billion order book continues to grow.
Overall, the outlook for FY27 appears favorable, with earnings supported by a large existing project pipeline and potential upside from new renewable-energy initiatives.
Main growth drivers for FY27
Record order book of RM2.5 billion, equivalent to about 3.3 times FY26 revenue, providing earnings visibility through FY27 and FY28. Most projects are tied to utility-scale solar and the Corporate Green Power Programme (CGPP).
FY26 was a record year, with net profit rising about 54% to RM79.8 million and revenue increasing 41% to RM757 million. Strong execution of large-scale solar projects and recurring energy generation income contributed to the results.
Potential upside from CRESS projects (Corporate Renewable Energy Supply Scheme), which could add new contracts once regulatory clarity improves. Some analysts expect project awards to emerge during 2026.
Battery Energy Storage Systems (BESS) are seen as the next growth area. Solarvest is positioning itself to benefit as Malaysia expands energy storage alongside solar deployment.
LSS6 solar tenders are expected to be another significant opportunity for new order wins.
What analysts are saying
Several research houses remain positive because of:
Stable profit margins.
Strong project execution track record.
High order-book visibility.
Leading position in Malaysia’s solar EPCC market.
UOB Kay Hian maintained a Buy call and raised its target price to RM3.50, believing further re-rating is possible if Solarvest secures additional renewable energy projects.
Things to watch
The biggest near-term uncertainty is the final structure of the System Access Charge (SAC) under CRESS. How this is implemented could affect the pace of project awards and adoption.
For investors, the key metrics to monitor over the next 6–12 months are:
New CRESS contract wins.
LSS6 tender results.
BESS project awards.
Whether the RM2.5 billion order book continues to grow.
Overall, the outlook for FY27 appears favorable, with earnings supported by a large existing project pipeline and potential upside from new renewable-energy initiatives.
On its listing day (20 May 2026), SkyeChip had one of the strongest IPO debuts on Bursa Malaysia in recent years.
Key listing-day performance:
IPO price: RM0.88
Opening price: RM3.50
Gain at opening: +RM2.62 or about +298% above the IPO price.
The stock briefly traded at nearly four times its IPO price as investors rushed to buy semiconductor and AI-related stocks.
Why was it so strong?
SkyeChip is involved in semiconductor IP and ASIC design, sectors benefiting from AI and high-performance computing demand.
The IPO was heavily oversubscribed, with the public portion oversubscribed by about 95 times, indicating very strong demand before listing.
Research houses were already valuing the company well above the IPO price before listing. One research target was RM2.00 versus the RM0.88 IPO price.
————
Is it buy or sell? Only for clients so do fill up the link below:
https://bit.ly/openmplusaccountloh
Key listing-day performance:
IPO price: RM0.88
Opening price: RM3.50
Gain at opening: +RM2.62 or about +298% above the IPO price.
The stock briefly traded at nearly four times its IPO price as investors rushed to buy semiconductor and AI-related stocks.
Why was it so strong?
SkyeChip is involved in semiconductor IP and ASIC design, sectors benefiting from AI and high-performance computing demand.
The IPO was heavily oversubscribed, with the public portion oversubscribed by about 95 times, indicating very strong demand before listing.
Research houses were already valuing the company well above the IPO price before listing. One research target was RM2.00 versus the RM0.88 IPO price.
————
Is it buy or sell? Only for clients so do fill up the link below:
https://bit.ly/openmplusaccountloh
22/5/2026
Top articles:
1) NVIDIA Q1 FY27? SKYECHIP? The Anatomy of an AI Super-Cycle
--> https://klse.i3investor.com/web/blog/detail/bestStocks/2026-05-21-story-h501511715-NVIDIA_Q1_FY27_SKYECHIP_The_Anatomy_of_an_AI_Super_Cycle
2) MI (Part 8) - MI Technovation Poised for Strong Growth Ahead of 1QFY26 Results Today (21 May 2026)
--> https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2026-05-21-story-h501512763-MI_Part_8_MI_Technovation_Poised_for_Strong_Growth_Ahead_of_1QFY26_Resul
3) NVIDIA Q1 FY27? SKYECHIP? The Anatomy of an AI Super-Cycle
—> https://klse.i3investor.com/web/blog/detail/bestStocks/2026-05-21-story-h501511715-NVIDIA_Q1_FY27_SKYECHIP_The_Anatomy_of_an_AI_Super_Cycle
4) Latest Director Transactions
—> https://klse.i3investor.com/web/insider/director/list
5) More telegram news:
—> https://t.me/sharestraders
Top articles:
1) NVIDIA Q1 FY27? SKYECHIP? The Anatomy of an AI Super-Cycle
--> https://klse.i3investor.com/web/blog/detail/bestStocks/2026-05-21-story-h501511715-NVIDIA_Q1_FY27_SKYECHIP_The_Anatomy_of_an_AI_Super_Cycle
2) MI (Part 8) - MI Technovation Poised for Strong Growth Ahead of 1QFY26 Results Today (21 May 2026)
--> https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2026-05-21-story-h501512763-MI_Part_8_MI_Technovation_Poised_for_Strong_Growth_Ahead_of_1QFY26_Resul
3) NVIDIA Q1 FY27? SKYECHIP? The Anatomy of an AI Super-Cycle
—> https://klse.i3investor.com/web/blog/detail/bestStocks/2026-05-21-story-h501511715-NVIDIA_Q1_FY27_SKYECHIP_The_Anatomy_of_an_AI_Super_Cycle
4) Latest Director Transactions
—> https://klse.i3investor.com/web/insider/director/list
5) More telegram news:
—> https://t.me/sharestraders