Research
Apex Securities Starts Skyechip at Buy with MYR4.67 Price Target
Skyechip (KLSE:SKYECHIP) has an average rating of overweight and mean price target of 2.08 ringgit, according to analysts polled by FactSet.
KLSE:SKYECHIP
KLSE:SKYECHIP
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Asia
SkyeChip Signs Deal for ARM Flexible Access Token Under MIDA Program
SkyeChip (KLSE:SKYECHIP) signed a definitive agreement with the Malaysian Investment Development Authority (MIDA) for access to ARM's Flexible Access (AFA) token, according to a Tuesday Malaysian bourse filing.Shares slid over 1% in Wednesday's afternoon trade.The deal forms part of a strategic cooperation program between the Malaysian government and ARM.The agreement follows conditional approval letters issued by MIDA in April 2026 for access to both the ARM Compute Subsystem (CSS) and AFA tokens.SkyeChip added that it is still reviewing and evaluating the terms and conditions related to the separate CSS token agreement.
KLSE:SKYECHIP
Research
Phillip Capital Starts SkyeChip at Buy with MYR1.75 Price Target
SkyeChip (KLSE:SKYECHIP) has an average rating of buy and mean price target of 1.60 ringgit, according to analysts polled by FactSet.
KLSE:SKYECHIP
Research
UOB Kay Hian Starts SkyeChip at Buy with MYR2.08 Price Target
SkyeChip (KLSE:SKYECHIP) has an average rating of buy and mean price target of 1.60 ringgit, according to analysts polled by FactSet.
KLSE:SKYECHIP
Asia
Skyechip Surges on Bursa Malaysia's Main Market Debut
Skyechip (KLSE:SKYECHIP) debuted on Bursa Malaysia's Main Market on Wednesday at 3.50 ringgit, well above its 0.88 ringgit IPO price, reflecting strong demand for the stock.The semiconductor company is listed under the technology sector with the stock name SKYECHIP and stock code 5357, according to a Bursa Malaysia filing.SkyeChip has an enlarged issued share capital of 1.796 billion shares. Following the listing, its issued share capital stands at 405.5 million ringgit.
KLSE:SKYECHIP
Asia
Malaysian Shares Edge Lower for Fifth Session as April Inflation Steps Up
Malaysian shares fell for a fifth straight session on Tuesday, weighed down by accelerating domestic headline inflation data and and cautious investor positioning.The FTSE Bursa Malaysia KLCI shed 0.44 points to end 0.03% lower at 1,727.27. The day range was between 1,726.13 and 1,734.32.In economic news, Malaysia's consumer price index rose 1.9% annually in April, faster than 1.6% in March, the Department of Statistics Malaysia said. The latest reading was slower than the 2.1% growth forecast by Trading Economics. Core inflation, which excludes volatile items, edged down to 2% from 2.1% a month prior, data showed.Malaysia booked nearly 89.4 million ringgit in potential sales during its participation in the Franchise and License Expo Indonesia (FLEI) 2026 held in Jakarta, Malaysia External Trade Development (MATRADE) reported.In corporate news, shares of GFM Services (KLSE:GFM) dropped about 6% at Tuesday's close after it said it will seek shareholders' approval to renew the share buyback authority in the company's upcoming annual general meeting.Meanwhile, Skyechip (KLSE:SKYECHIP) is slated to list on Wednesday on Bursa Malaysia's Main Market under the stock code 5357 and name SKYECHIP. The semiconductor company will debut under the technology sector with an enlarged issued share capital of 405.5 million ringgit following its public listing exercise.
FTSE Bursa Malaysia KLCIKLSE:GFMKLSE:SKYECHIP
Asia
Skyechip Gears Up to Debut on Bursa Malaysia's Main Market
Skyechip (KLSE:SKYECHIP) is slated to list on Wednesday on Bursa Malaysia's Main Market under the stock code 5357 and name SKYECHIP, according to its IPO filing on Monday.The semiconductor company will debut under the technology sector with an enlarged issued share capital of 405.5 million ringgit following its public listing exercise.
KLSE:SKYECHIP
Asia Markets
Malaysian Shares End in Red Amid Mixed Regional Performance; Bintai Kinden's Shares Drop 6%
Malaysian shares closed lower on Monday, extending Friday's losses amid a mixed regional performance.The FTSE Bursa Malaysia KLCI shed 2.75 points to end 0.2% lower at 1,745.31. The day range was between 1,744.99 and 1,754.00.In economic news, Malaysia's wholesale and retail trade recorded a robust 9.8% year-on-year increase in sales value for March, reaching 169 billion ringgit, according to data released by the Department of Statistics Malaysia. The growth was driven by a 15.7% increase in wholesale trade and a 7.5% rise in retail trade.Malaysian Economy Minister Akmal Nasrullah Mohd Nasir will soon roll out a strategy to safeguard domestic oil supplies as uncertainty linked to the Iran conflict continues to weigh on global energy markets, Bloomberg News reported Sunday, citing state media Bernama. This "Oil Supply Continuity Plan" will be formally announced by Prime Minister Anwar Ibrahim.In corporate news, shares of Bintai Kinden (KLSE:BINTAI) dropped over 6% on close after it fixed the issue price for 36 million placement shares under the first tranche at 0.0719 ringgit per share. The mechanical and electrical engineering services proposed to issue up to 150 million new shares, or 10% of the existing number of shares, to private investors.Meanwhile, Skyechip (KLSE:SKYECHIP) drew overwhelming investor interest in its initial public offering on Bursa Malaysia, with the retail tranche oversubscribed by 95.03 times. The integrated circuit (IC) design company's IPO comprises 400 million shares, including 135.3 million retail shares and 264.7 million institutional shares, priced at 0.88 ringgit each.
FTSE Bursa Malaysia KLCIKLSE:BINTAIKLSE:SKYECHIP
Asia
Malaysian Shares End in Red Amid Mixed Regional Cues, Oil Price Concerns; Jasa Kita's Shares Rally 13%
Malaysian shares ended in the red zone mid-week, amid a mixed regional performance. The investors could not find positive cues as rising oil prices continue to burden the economy.The FTSE Bursa Malaysia KLCI shed 9.18 points to end 0.5% lower at 1,720.42. The day range was between 1,718.45 and 1,733.84.In economic news, Malaysia's inflation rose 1.4% in 2025, with the consumer price index increasing to 134.6 from 132.8 a year earlier, the Department of Statistics Malaysia said. The uptick was mainly driven by a 1.6% rise in housing and utilities prices, a 1.2% increase in health index, and a 1.1% rise in recreation and culture, among others.In local news, Malaysia is seeing early signs of cost pressures in its domestic food supply chain, although price movements for selected food items remain within a controlled range, The Star reported.In corporate news, Skyechip (KLSE:SKYECHIP) is seeking to raise 352 million ringgit via an IPO on the ACE Market of Bursa Malaysia. The integrated circuit (IC) design company's IPO entails a public issue of 400 million new shares at 0.188 ringgit each.Shares of Jasa Kita (KLSE:JASKITA) jumped about 13% on close after it disclosed plans to acquire a 100% stake in KT System for 10 million ringgit.
FTSE Bursa Malaysia KLCIKLSE:JASKITAKLSE:SKYECHIP
Asia
Skyechip Eyes MYR352 Million Via IPO
Skyechip (KLSE:SKYECHIP) is seeking to raise 352 million ringgit via an IPO on the ACE Market of Bursa Malaysia.The integrated circuit (IC) design company's IPO entails a public issue of 400 million new shares at 0.188 ringgit each, according to a Wednesday Malaysian bourse filing.Proceeds will be used for expansion, to boost working capital, and to pay off expenses, it said.
KLSE:SKYECHIP
