PIB Bullish on Mi Technovation as New Vehicle Unit Debuts

Public Investment Bank says Mi Technovation’s Management maintains a bullish outlook with strong momentum for Q1 2026. A notable development is the unveiling of the new Vehicle Technologies Business Unit (VTBU) under the subsidiary Ohima International.

Both equipment and material units are expected to sustain their strong performance, with the VTBU anticipated to contribute positively for the first time this year.

Mi Technovation

A key highlight includes a significant upward revision in average selling prices for patented small solder ball models, increasing by 30-100% due to the global memory chip shortage.

According to Public Investment Bank, the stock retains an Outperform rating with an unchanged TP of RM4.35, based on a 33x FY26 EPS valuation.

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