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Analysts bullish on SkyeChip ahead of IPO, upside seen at up to 91%

May 7, 2026 -

KUALA LUMPUR (May 6): 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%.

PublicInvest Research assigned the highest upside, with a fair value of RM1.68 against the IPO price of 88 sen, implying a potential return of about 90.9%, while Malacca Securities pegged a target price of RM1.48, or a 68.2% upside. Mercury Securities, on the other hand, derived a more modest fair value of 99 sen. All three research notes are non-rated, meaning they do not give formal buy, sell, or hold recommendations.

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