PETALING JAYA: The Oppstar Bhd stock jumped to a 15-week high after it partnered with Taiwan’s Inventec Corp to develop next-generation artificial intelligence (AI) chips.
Inventec is a contract manufacturer of laptops and AI servers that use Nvidia chips. According to its website, Inventec’s current annual production capacity is 21 million notebook computers and four million servers.
Oppstar’s share price rose by 15.6% to 55.5 sen yesterday, making it one of the top gainers by percentage change.
This was higher than the target price expected by Kenanga Research at 50 sen. The research house has a “market perform” rating on Oppstar, an integrated circuit (IC) design and services firm.
Kenanga Research also kept its earnings forecasts on Oppstar unchanged for the financial year ending March 31, 2026 (FY26) and FY27.
It projects Oppstar to return to profitability in FY26, with a net profit of RM6mil as compared to a net loss of RM12mil in FY25.
In FY27, Kenanga Research anticipates the company to record a high net profit of RM9mil.
On Tuesday, the stock exchange was told that Oppstar and its wholly-owned subsidiary AIRIS Labs have inked two memoranda of understanding (MoU) with Inventec and its subsidiary AsicAI Co Ltd.
The first MoU entails Oppstar and its subsidiary AIRIS Labs to contribute their IC design capabilities and technical support, while Inventec would contribute system integration know-how, market access and commercialisation channels.
AsicAI would take the lead on chip architecture and contribute its proprietary neural processing unit (NPU) intellectual property. The second MoU penned between AIRIS Labs and AsicAI would see the creation of a joint venture company within 90 days to execute the project, pending due diligence and internal approvals.
This would allow the parties to explore participation in Malaysian government initiatives, including ARM Ltd’s compute subsystem programme, to tap into incentives, technical support and ecosystem resources.
“The MoUs establish a framework to combine Oppstar’s IC design capabilities with AsicAI’s NPU intellectual property and Inventec’s system or market channels,” said Kenanga Research.