KUALA LUMPUR (March 27): BIMB Securities has assigned an 80 sen valuation on SkyeChip Bhd, a homegrown semiconductor design house specialising in high-performance silicon intellectual property (IP), ahead of its planned Main Market listing tentatively in May 2026. “We derive a TP (target price) of 80 sen for SkyeChip, based on a FY2027F PER (price-earnings ratio) of 26.6x applied to EPS (earnings per share) of three sen. BIMB said its estimates and TP are subject to revision pending further disclosures from the final prospectus and subsequent engagement with management. Besides, BIMB also noted that China has emerged as SkyeChip’s largest market as the country's chipmakers diversify supply chains under the ‘China+1’ strategy. “...SkyeChip has strengthened its presence in China — now its largest market (56.5% of FY2025 revenue) — supported by its ability to deliver high-performance, globally competitive silicon IP solutions,” it further said in a note.

Source: The Edge Markets March 27, 2026 02:41 UTC