📈 EG 4QFY26 Results 📈
Broadly-in-line. EG registered a 4Q26 core PAT of RM30.4m, bringing its full-year FY26 core PAT to RM102.4m. This is broadly-in-line with our ballpark core PAT figure of RM110.9m.
💡 Outlook. Moving forward into FY27, EG's growth prospects remain bright, including a USD241.6m purchase order from a key U.S. customer for 800G optical modules and wireless broadband items, alongside USD100m Letter of Intent (LOI) for high-performance open network switches. To accommodate rising demand, the Group is expanding the second floor of its Batu Kawan (PG2) facility for 800G/1.6T production, while its new 4.95-acre facility in Prachinburi, Thailand remains on track for completion before end-2026. Post-FY26, EG acquired a 91.5% stake in Jyoto Works (M) Sdn Bhd for RM2.0m to enhance vertical integration in metal fabrication for photonics products.
🎯 Valuation. We maintain our net profit forecasts unchanged at RM171.20m for FY27, translating into forecasted EPS of 18.30 sen. Supported by an assigned P/E multiple range of 14x–15x, we reiterate our Target Price range of RM2.56 to RM2.74.
M+ Research Team
28 Aug 26
3August 28, 2026 2.1K 12
