RHB Research has upgraded its earnings projections for Cnergenz Bhd, reflecting growing confidence in the company’s ability to capitalize on the expanding artificial intelligence hardware market.
The brokerage increased its profit forecasts for the financial years ending 2026, 2027, and 2028 by 2%, 14%, and 13%, respectively.
The upward revision underscores the broader momentum in the AI supply chain, where demand for specialized components and systems continues to outpace traditional electronics growth.
RHB’s adjustment signals that analysts view Cnergenz as a direct beneficiary of this structural shift, positioning the firm for accelerated profitability in the medium term.
This development aligns with a wider resurgence in investor appetite for AI-related equities.
Global markets have recently rallied on strong financial results from key semiconductor and technology firms, with companies like Lenovo posting record earnings driven by near-doubling revenue in their AI divisions.