Malacca Securities has put a RM1.07 target price on MYDCD, one of several local names the research house expects to benefit from Malaysia’s AI infrastructure build-out. The call came in a report published on 30 October 2026, as the local bourse closed lower while the broader market stayed resilient.
MYDCD and the AI Data Centre Build-Out
According to Malacca Securities Research, a consortium of SoftBank, Grab and PETROS plans a US$1.85bn (RM7.5bn) AI infrastructure investment in Malaysia. The consortium’s long-term goal is at least 5GW of AI compute capacity, which the research house said could strengthen Malaysia’s position as a regional AI hub.
The research team expects that scale of build-out to lift demand for data centre mechanical and electrical (M&E) services, cooling systems and electrical distribution equipment. MYDCD is one of the names it links to that theme, alongside PWRWELL, EITA and KJTS.
What MYDCD Does and Why It Is on the Radar
The research summary groups MYDCD with suppliers of data centre M&E services and electrical equipment, rather than with the construction names. Construction and power infrastructure beneficiaries named in the same report include GAMUDA, BINASTRA, MNHLDG and CBHB.
MYDCD is an upcoming ACE Market debutant, so its listing is the most immediate event for investors tracking the name. The summary does not break down its revenue mix, order book or margins, which the research house covers in the full document.
The Numbers Behind the RM1.07 Target
The only valuation figure in the research summary is the RM1.07 target price set by M+Global, the research arm of Malacca Securities. The summary does not disclose the valuation method, earnings base or multiple used to reach it.
Broader market data from the same report frames the sector backdrop. The Technology sector rose 2.92% locally, led by UWC and Vitrox, while Financials fell 1.35%. Market breadth stayed positive with 694 gainers against 426 losers.
Risks Flagged in the Research
Malacca Securities’ research team warned that volatility is likely to persist after reports that Nvidia’s board may consider removing CEO Jensen Huang. That uncertainty affects the wider AI trade that MYDCD’s investment case depends on.
The 5GW target is a long-term ambition rather than a near-term pipeline, so timing of contract wins remains unclear. Newly listed stocks on the ACE Market also tend to trade with wider swings in their early weeks, a risk the summary does not quantify.
What This Means for Retail Investors
For retail investors, the key number is the gap between the offer price in the IPO prospectus and Malacca Securities’ RM1.07 target. That comparison, along with the valuation assumptions, sits in the full report available from M+ Online. This article reports the research house’s view and does not constitute a recommendation.
Key Takeaways
- Malacca Securities’ M+Global has set a RM1.07 target price on MYDCD.
- MYDCD lists on the ACE Market on 17 November.
- The research house ties the stock to a RM7.5bn SoftBank, Grab and PETROS AI infrastructure plan.
- The consortium targets at least 5GW of AI compute capacity over the long term.
- Nvidia leadership uncertainty is expected to keep AI-linked stocks volatile.
Frequently Asked Questions
What is the target price for MYDCD?
Malacca Securities’ M+Global has set a target price of RM1.07 on MYDCD. The research summary does not disclose the valuation method behind the figure.
When does MYDCD list on Bursa Malaysia?
MYDCD is scheduled to debut on the ACE Market on 17 November, according to the Malacca Securities report. Investors should confirm the final listing details in the IPO documents.
Why does Malacca Securities link MYDCD to AI infrastructure?
The research house expects the SoftBank, Grab and PETROS consortium’s US$1.85bn (RM7.5bn) investment and its 5GW compute goal to drive demand for data centre M&E services and cooling systems. The full report from M+ Online sets out the company-specific rationale.
📊 On AI Stock Terminal: MYDCD quarterly results · MYDCD announcements · Malaysia IPO calendar
Source & Attribution
This article summarises a research report published by Malacca Securities Sdn Bhd (M+ Online) on 30 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.
Want access to full M+ Online research reports and AI stock analysis? Contact Dexter Chia, AI-Driven Remisier at Malacca Securities Sdn Bhd. M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
