OGX Group Berhad has won a RM96.6m fibre optic and data centre contract from an undisclosed customer, according to Malacca Securities Research. The research house’s report, published on 23 October 2026, frames the IT infrastructure specialist as a play on AI and data centre growth.
What OGX Does Now
OGX is an IT infrastructure company whose recent growth push centres on supplying networking and data centre hardware. The research house noted that the company has an earlier distribution agreement with Nokia Services and Networks Malaysia for AI-ready networking infrastructure.
In September 2026, OGX expanded its enterprise AI distribution portfolio by partnering with Axtraction AI Sdn Bhd to market automated enterprise software across Malaysia. The research house views this as a way to participate in enterprise AI adoption without building the software itself.
The company has also moved into data centre green energy. In September 2026, OGX established OGX Green Tech Sdn Bhd and secured an authorised distribution partnership with China’s Zhejiang Hyxi Technology Co Ltd. The new unit will supply battery energy storage systems (BESS) and smart inverters for data centre backup and storage needs.
Key Financial Numbers and Contract Details
The centrepiece is the RM96.6m contract from a customer the company has labelled Customer E. Malacca Securities Research expects it to contribute positively to FY27 earnings, provided delivery is completed successfully.
The delivery window is tight at six months, which the research house flagged as a key execution test. The summary available for this article does not include revenue, profit or margin figures, so the size of the earnings contribution is not quantified here.
Valuation Basis and Technical Outlook
The research house’s visible valuation commentary is largely technical rather than fundamental. Malacca Securities Research describes the stock as trading on a higher-lows trend and well supported above the 0.430-0.440 zone.
A breakout is needed to retest the 0.525-0.545 resistance zone, and a close below 0.430-0.440 would invalidate the setup, according to the research house. The summary does not disclose the methodology behind any target price, which the full report should contain.
Risks Flagged
The biggest risk is execution. The RM96.6m contract is expected to contribute only if delivered within the six-month window, and the research house made earnings contribution conditional on that delivery.
Customer concentration is another open question, since Customer E is undisclosed. The green energy unit is also newly established, and its BESS and smart inverter business has no track record in the company’s reported figures yet.
What This Means for Retail Investors
For retail investors, the report offers a clear set of levels to monitor: the 0.430-0.440 support zone and the 0.525-0.545 resistance zone. The research house’s thesis depends on the company delivering the RM96.6m contract on time, which can be tracked through future company announcements.
Anyone considering the stock should read the full report from M+ Online, which contains the rating, target price and valuation details that this summary does not include. This article reports the research house’s views and does not constitute a recommendation.
Key Takeaways
- Malacca Securities Research highlights a RM96.6m data centre and fibre optic contract for OGX Group Berhad, due within six months.
- The contract is expected to support FY27 earnings, subject to successful delivery.
- OGX Green Tech Sdn Bhd, formed in September 2026, targets data centre energy storage with a partnership with Zhejiang Hyxi Technology.
- The technical support zone is 0.430-0.440 and resistance is 0.525-0.545, according to the research house.
- The summary does not disclose the rating or target price, so the full report from M+ Online is needed for those details.
Frequently Asked Questions
What is Malacca Securities’ target price for OGX Group Berhad?
The summary of the Malacca Securities Research report available for this article does not state a target price or rating. Readers can find the full rating and valuation in the report available from M+ Online.
What support and resistance levels does Malacca Securities identify for OGX shares?
Malacca Securities Research identifies a support zone at 0.430-0.440 and a resistance zone at 0.525-0.545. The research house says a break below the support zone would invalidate its technical setup.
How large is OGX’s latest data centre contract?
According to Malacca Securities Research, OGX secured a RM96.6m fibre optic and data centre-related contract from an undisclosed customer. The research house expects delivery within six months to contribute to FY27 earnings.
📊 On AI Stock Terminal: OGX quarterly results · OGX announcements
Source & Attribution
This article summarises a research report published by Malacca Securities Sdn Bhd (M+ Online) on 23 October 2026. All ratings, target prices and forecasts belong to Malacca Securities Research, not to the author of this blog.
Read the original report: M+ Online Research Report | View full PDF
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Ratings and target prices cited are those of Malacca Securities Research and are subject to change. Always do your own research before making investment decisions.
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