Cnergenz's earnings to pick up in second half: RHB Research
KUALA LUMPUR: Strong order replenishment and growing original design manufacturer (ODM) contributions are expected to underpin Cnergenz Bhd’s revenue visibility, with earnings growth expected to strengthen from the second half of financial year 2026 (2H26).
Cnergenz Bhd, a leading player in the electronics manufacturing sector, is expected to see a boost in earnings growth in the second half of the financial year 2026 (2H26), according to RHB Research. The positive outlook is driven by strong order replenishment and growing original design manufacturer (ODM) contributions, particularly in the surface mount technology (SMT) segment and the ramp-up of its ODM AI tester business.
RHB Research maintains a Buy rating on Cnergenz and has raised its target price to RM1.40 from RM0.92, reflecting stronger revenue and margin assumptions following robust order book growth. The firm anticipates a record sales year in FY26, with growth momentum sustaining into FY27, and expects about 57 units to be delivered in FY26, with volumes potentially exceeding 100 units in FY27.
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