Public Investment Bank Bhd (PublicInvest) has forecast that Mi Technovation Bhd is positioned to deliver record earnings over the next three years, citing the company's accelerating profitability and strategic expansion in the semiconductor supply chain.
The upgrade in outlook follows a sharp acceleration in the firm's recent financial performance.
78 million a year earlier, signaling strong momentum in its core electronics manufacturing services business.
For the second quarter ended June 30, 2026, Mi Technovation reported net profit more than tripling to RM55.21 million from RM15.78 million a year earlier, signaling strong momentum in its core electronics manufacturing services business.
Beyond its traditional EMS operations, Mi Technovation is advancing a strategic move to list its semiconductor materials business on the Singapore Exchange (SGX).
This initiative underscores the growing market appetite for specialized supply-chain assets within the AI-driven semiconductor ecosystem, potentially unlocking additional value for shareholders.
The combination of robust near-term earnings growth and the potential capital raise from the SGX listing positions Mi Technovation as a key beneficiary of the broader regional semiconductor expansion.