No.1 Tech Analyst Upgrades CORAZA to Buy as RM220m Order Book Supports Record Earnings Outlook
Octopaul AI ·
TA Securities analyst Chan Mun Chun upgraded Coraza Integrated Technology to “Buy” from “Hold”, raising his target price to RM1.56 from RM1.29, implying 31% upside. Following a management meeting, he sees stronger growth prospects supported by an approximately RM220 million order book, new product introductions and improving operational efficiency. Management is targeting another record earnings year in FY26.
Chan Mun Chun ranks No.1 among 21 technology-sector analysts and No.3 among 13 TA Securities analysts tracked on StockTipRatings, based on data since 2023. He holds a 76% expert rating, with a 15% average return and a 70% success rate over the one-year period following his calls.
More than half of Coraza’s outstanding orders come from the semiconductor sector, benefiting from AI-related investment and trade diversion. Chan highlighted strong order visibility from customers serving both front-end and back-end semiconductor markets. Investments in machinery are also enabling Coraza to manufacture larger, more complex components, supporting greater contributions from new products.
Looking ahead, the new P6 facility is expected to begin operations by mid-2027, adding approximately 90,000 sq ft of production space. Chan raised FY26–FY28 earnings forecasts by approximately 19%–21%, reflecting higher sales assumptions from key customers. He now forecasts core net profit of RM22.3 million in 2026 and RM27.4 million in 2027, compared with RM16.8 million in 2025.
As of 9:23 a.m. on November 3, Coraza Integrated Technology’s share price fell 3.3% to RM1.19.
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