SKACAP closes its IPO applications at 5pm today, and Malacca Securities has attached an M+ target price of RM0.66 to the power infrastructure engineering provider. The call appeared in a research note that also tracked a rebound on Wall Street, where Anthropic’s IPO filing revived appetite for AI-related stocks.
SKACAP IPO: What the Company Does
According to Malacca Securities Research, SKACAP is a power infrastructure engineering solutions provider. The research house included the company in its market note as an upcoming listing rather than a trading stock, so the focus is on its IPO process.
The research house’s note placed SKACAP alongside the day’s other market events, which included a broader local bourse decline. The company’s business is tied to power infrastructure, a segment that sits outside the AI and cloud names that drove the US session.
Key Financial Numbers
The report summary available to retail investors does not list SKACAP’s revenue, profit or margin figures. Readers should review the full M+ Online report for the company’s financial details before forming a view.
The only company-specific number in the excerpt is the M+ target price of RM0.66. Malacca Securities has not, in the excerpt, broken down what drives that figure beyond the target itself.
Valuation Basis Behind the RM0.66 Target
Malacca Securities has set the RM0.66 target for SKACAP, but the summary does not spell out the valuation method, such as the earnings multiple or discounted cash flow assumptions used. The full research document is the place to find those inputs.
For context, the same research team’s broader market note put a much larger amount on another listed name. Its target price for Malaysian peer INFOM was not stated in the excerpt, but the research house pointed to a RM614.2m order book as support for its positive stance.
Risks Flagged in the Report
The summary excerpt does not itemise specific risks for SKACAP, such as customer concentration, project execution or pricing pressure. Investors should check the full report for the research house’s risk section.
The broader market backdrop carries its own risk. The FBM KLCI ended lower on selling in heavyweights, including YTLPOWR, which fell 36 sen, even though 549 stocks gained against 514 losers.
What This Means for Retail Investors
The IPO timing matters here because subscription closes at 5pm today, so any decision on SKACAP would need to be made within hours. Malacca Securities’ target price is one input among many, and the research house’s note does not replace reading the prospectus.
The wider market context is mixed. Wall Street’s S&P 500 rose 0.70% and the Nasdaq gained 0.83%, while the research house noted that the Fed’s policy decision on Wednesday could cap gains ahead of big-tech earnings. Retail investors weighing a local IPO will be watching that global risk backdrop closely.
The full report is available from M+ Online at mplusonline.com. This article summarises the research house’s views and does not constitute a recommendation to buy or sell any security.
Key Takeaways
- SKACAP’s IPO applications close at 5pm today, according to Malacca Securities Research.
- Malacca Securities has set an M+ target price of RM0.66 on SKACAP.
- The summary does not disclose SKACAP’s financial figures or valuation method, so the full report is needed.
- The FBM KLCI ended lower, with YTLPOWR falling 36 sen, while 549 stocks gained against 514 losers.
- Wall Street rose after Anthropic’s IPO filing, with the Nasdaq up 0.83%.
Frequently Asked Questions
What is the target price for SKACAP IPO?
Malacca Securities, through its M+ Online research team, has set a target price of RM0.66 on SKACAP. The research house’s summary does not explain the valuation method behind that figure, so the full report is the place to check it.
When does the SKACAP IPO application close?
According to Malacca Securities Research, SKACAP closes its IPO applications at 5pm on the day of the report, 26 October 2026. Retail investors who want to apply should confirm the deadline with their broker.
What does SKACAP do?
The research house describes SKACAP as a power infrastructure engineering solutions provider. The summary does not provide further detail on its contracts or revenue mix.
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Source & Attribution
This article summarises a research report published by Malacca Securities Sdn Bhd (M+ Online) on 26 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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