Coraza surges 148pct YTD to record high on heavy trade

Coraza Integrated Technology Bhd shares surged to a record high of RM1.36 on Tuesday, marking a 148.15% increase year-to-date. This surge happened despite the company issuing no recent corporate announcement to explain the sharp buying interest. The stock closed the morning session at RM1.34, up 16 sen (13.56%) from the previous close.

Over 5.4 million shares changed hands, representing the highest trading volume in about seven weeks. On the previous Friday, Coraza's stock gained 9.26% to RM1.18, with 4.3 million shares traded. The stock's value has now reached RM665 million, reflecting its significant market capitalisation. The recent surge in buying interest remains unaccounted for by Coraza's latest financial results, which instead highlight strong earnings momentum.

For the second quarter of 2026, Coraza's net profit surged 68.75% to RM5.4 million, while revenue increased 20% to RM51 million. This growth was primarily driven by higher customer demand from front-end and backend semiconductor equipment customers, along with increased production volume. The company's first-half performance also showed robust results, with a 66.3% jump in net profit to RM9.78 million and revenue rising 21.5% to RM95 million compared to the same period last year.