high target from Apex Securities after rally shatters consensus
Apex Securities has initiated coverage on Malaysian chip design firm SkyeChip with a 'buy' rating and a bullish price target. The company is benefiting from a shift in revenue toward US-based AI startups and a broader rally in the semiconductor sector.
Why it matters
SkyeChip's success highlights the growing role of Southeast Asian firms in the global AI supply chain and the diversification of semiconductor manufacturing away from China.
BURSA SGX Home Stock Focus KUALA LUMPUR (June 25): SkyeChip Bhd (KL: SKYECHIP ) has shattered the most bullish target price but the chip design company now has a new fan as Apex Securities initiated coverage with a 'buy' call.
The article reports on financial analyst ratings and market performance without taking a stance on the company's long-term viability.
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