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KUALA LUMPUR: Kenanga Research has initiated coverage on SkyeChip Bhd with an "Outperform" rating and a target price of RM2, more than double the company's initial public offering (IPO) price of 88 sen.
this counter is backed by Government body fund... already on the news... Ai is backed by government, so all fund movement to buy and support Ai relevant counter is also inline with current government policy...for those who want it to drop deep..u may queue at much lower point at your own will, but chances are, you will not get what you want
now all know trump tactic, manipulating stock market by selling on news ...fire, stop, fire stop...if really wanna go on war, us is the one suffering more financially..they alrdy high on debt, unable to meet deadlines..how likely do u think us can sustain this?
PETALING JAYA: Chip designer SkyeChip Bhd’s net profit jumped 27.2% quarter-on-quarter (q-o-q) to RM17.7mil in the second quarter ended Sept 30, 2026, powered by strong demand for its silicon intellectual property (IP).
Revenue rose 9.1% to RM54.2mil from RM49.6mil in the preceding quarter, according to its Bursa Malaysia filing.
Revenue only increased 9.1% but net profit managed to grow more than 27%. Seems like the higher contribution from Silicon IP is helping their overall profitability
