Malacca Securities has put a target price of RM0.66 on SKACAP, which begins trading on the ACE Market today, according to the research house. The debut comes as the local bourse finished weaker, with 745 losers outnumbering 395 gainers.
SKACAP’s Business and ACE Market Debut
The research house describes SKACAP as a power infrastructure player, and its listing on the ACE Market is the company’s first step onto Bursa Malaysia’s board for growth-stage companies. The M+Global label attached to the target price indicates the figure comes from the research house’s own coverage team.
The same note carries a separate M+Global target of RM0.70 on LGMS, showing that Malacca Securities is covering more than one small-cap name in the same publication. The summary does not explain how the two calls relate beyond their shared source.
Key Financial Numbers
The research summary does not list SKACAP’s revenue, earnings per share, margins or balance sheet figures. Without those inputs, readers cannot rebuild an earnings multiple from the note alone.
The disclosed numbers are mostly market-level. The Energy sector fell 1.91% while Construction rose 1.08%, and YTLPOWR shed 32.0 sen while PBBANK lost 22.0 sen, the two heaviest drags flagged by the research house.
Valuation Basis
Malacca Securities maintains a target price of RM0.66 on SKACAP, but the summary does not describe the valuation method behind it. Readers should not assume a discounted cash flow or earnings-based approach unless the full report states one.
A target price is the research house’s estimate of fair value over its forecast horizon, not a prediction that the shares will reach that level. The summary does not give the horizon either, so the full report is needed to pin down the timeframe.
Risks Flagged in the Note
The research house’s main macro concern is rate expectations. Hotter-than-expected October CPI data and Fed Governor Waller’s openness to a half-point hike pushed the 10-year Treasury yield to 5%.
On that backdrop, Malacca Securities expects Wall Street to remain cautious after the Nasdaq fell 0.7%, the S&P 500 declined 0.4% and the Dow slipped 0.3%. Company-specific risks such as project concentration, order flow or funding are not detailed in the summary, so they cannot be weighed from this note alone.
What This Means for Retail Investors
A newly listed stock opening on a weaker market puts the RM0.66 figure in context, but it remains one research house’s view. Retail investors can compare that target with where the shares actually trade in the early sessions.
The full report is available from M+ Online, and it should be read for the assumptions behind the target. This article summarises the research house’s views and does not constitute a recommendation to buy or sell.
Key Takeaways
- Malacca Securities has a target price of RM0.66 on SKACAP.
- SKACAP makes its ACE Market debut today, according to the research house.
- The summary provides no SKACAP revenue, profit or margin figures.
- Local breadth was negative, with 745 losers against 395 gainers.
- The US 10-year yield reached 5% after hotter CPI data and rate-hike talk.
Frequently Asked Questions
What is the target price for SKACAP?
Malacca Securities has a target price of RM0.66 on SKACAP, labelled as an M+Global target in the research note. The summary does not state the valuation method or time horizon behind that figure.
When does SKACAP start trading on the ACE Market?
According to Malacca Securities, SKACAP makes its ACE Market debut today, 7 September 2026. The research house describes the company as a power infrastructure player.
Does the research note include SKACAP’s financial results?
The research summary does not include SKACAP’s revenue, earnings or margins, so those figures cannot be taken from the note. Readers can check the full report available from M+ Online for any financial detail.
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Source & Attribution
This article summarises a research report published by Malacca Securities Sdn Bhd (M+ Online) on 07 September 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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