Mi Technovation: Eyeing Another Stellar Performance in 3Q

Mi Technovation is set to release 3QFY26 results on the 29^th Oct 2026, and analysts from Public Investment Bank expect another commendable set of results.

This followings the robust guidance in the Bursa announcement by its 73.7%-owned subsidiary Mi Material Holding, which will make its debut on the Singapore Stock Exchange on 28^th Oct 2026 with an estimated market capitalisation of SGD891m (RM2.8bn) or SGD1.80/share.

Mi Technovation

“We raise our FY26-28F EPS by 7-14% to adjust for i) improved capacity utilisation to 90%, ii) dilution impact from Mi Material, and iii) higher profit margin.

In tandem with the spin-off of the Mi Material or Semiconductor Material Business Unit, we are changing our valuation method from a P/E multiple to a Sum-of-Parts basis, resulting in a new TP of RM9.20. Maintain Outperform call.”

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