SkyeChip Berhad (5357)

[winston]

not vested

Initial Public Offer
SkyeChip Berhad (5357)
Target Price: RM1.18 (Not Rated)

SkyeChip is a fabless IC designer focused on silicon IP and silicon-based products, including custom ASICs.

We ascribe a fair value of RM1.18/share based on a target PE multiple of 35x CY27 EPS.

This is after considering the group has:
i) strong expertise in silicon IP design and development,
ii) scalable business model,
iii) established relationships with foundries,
iv) high margins and a net cash position, and
v) experienced management team.

Source: TA Securities

https://taresearch.taonline.com.my/rrs/ ... 260505.pdf

[winston]

not vested

Initial Public Offer
SkyeChip Berhad (5357)
Target Price: RM1.18 (BUY)

SkyeChip (SKYE) is a pure-play IC design house and technology owner with over 100 global patents, specialising in high-performance silicon IP and advanced memory interfaces for the AI and data centre markets.

We initiate coverage on SKYE with a BUY call and a TP of RM1.18. Our fair value is derived from FY27F PER of 33x applied to EPS of 3.6 sen.

Financial Outlook. CNP is projected to grow by 40.5%/31.4%/17.1% in FY26F-FY28F

Source: BIMB Securities Research

https://drive.google.com/file/d/1p7zeHv ... R3lEP/view

[winston]

not vested

Tradeview sees SkyeChip’s patented IP, geopolitical neutrality driving 57% IPO upside
IPO

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/802289