EVERY major computing wave over the last few decades has given birth to a new generation of semiconductor giants. The personal computer and internet age was underpinned by the rise of Intel Corp, followed by the advent of smartphones that propelled the likes of US-based Broadcom Inc and Qualcomm Inc and Taiwan-based MediaTek Inc into fabless chip powerhouses.

Kenanga Research has initiated coverage on Main Market-bound SkyeChip Bhd with an “outperform” call and a target price of RM2.00, more than double the semiconductor design firm’s initial public offering (IPO) price of 88 sen. This is the most optimistic valuation from research houses so far ahead of its May 20 Main Market listing.

PETALING JAYA: Despite the removal of blanket subsidies from the government, analysts expect Teo Seng Capital Bhd to remain resilient.

Teo Seng Capital Bhd (KL:TEOSENG) slipped to a one-month low on Wednesday after reporting a weaker-than-expected first-quarter. The only two research houses covering the poultry firm are divided in their outlook. Public Investment Bank expects Teo Seng's earnings to contract about 44% in 2026 largely dragged by the subsidy removal, before recovering with a 22% growth in 2027 as egg demand stays resilient.

ENCOURAGED by the strong market debuts of interior fit-out specialists Signature Alliance Group Bhd (KL:SAG) and Adnex Group Bhd (KL:ADNEX), another player in the same space is set to list on Bursa Malaysia’s ACE Market. Inspace Creation Bhd (KL: INSPACE) has seen strong demand for its ...

Analysts are bullish on Main Market-bound SkyeChip Bhd ahead of its listing,highlighting its scalable silicon intellectual property (IP) licensing model and exposure to artificial intelligence (AI)-driven semiconductor demand. However they differ on valuation assumptions, with upside estimates ranging from as low as 12.5% to as high as 91%.

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday

An independent adviser has recommended Concrete Engineering Products Bhd (KL:CEPCO) shareholders to accept the RM2.60 per share takeover offer from YTL Corp Bhd’s (KL:YTL) YTL Cement Bhd, saying it is “fair” and “reasonable”.

Industrialised Building System (IBS) specialist MGB Bhd, a listed subsidiary of property developer LBS Bina Group Bhd, is entering 2026 with a clear growth outlook strengthened by the company's Middle East presence.

Teo Seng Capital Bhd's locked-in feed costs provide a distinct competitive advantage and earnings predictability for the immediate horizon, despite heightened geopolitical volatility in West Asia and subsequent disruptions to global shipping.

Penang-based Emits Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

PETALING JAYA: Penang-based Emits Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Contract manufacturer Emits Bhd plans to list on the ACE Market to raise funds to raise working capital and purchase new equipment as part of its expansion plans.

Following early-stage construction challenges, property developer Skyworld Development Bhd is laying the groundwork for a stronger financial year ending March 2027 (FY27), supported by rising take-up rates across ongoing projects, RM1.8bil worth of new launches and a clear expansion pipeline extending into Penang and Mont Kiara.

Shares of LBS Bina Group Bhd rose as much as 3.5 sen on Thursday's morning session following the results announcement.

Furniture fittings retailer TeamStar Bhd (KL:TEAMSTR) closed its first day as a public listed company on the ACE Market down nearly 10% amid subdued broader market conditions.

KUALA LUMPUR (Feb 9): Mercury Securities has assigned Teamstar Bhd (KL:TEAMSTR) a fair value of 30.6 sen per share, representing an 18% upside to the initial public offering (IPO) price of 26 sen.

PGF Capital Bhd's near-term earnings may remain pressured by currency volatility and seasonally weaker fourth quarter of financial year 2026 (4Q26) performance.

PETALING JAYA: AGX Group Bhd remains on a solid track for strategic growth, on the back of resilient intra-Asia trade exposure and easing inflationary pressures that buffer it from heightened geopolitical risks in Europe and the United States, says Mercury Securities.