Unisem plans MYR 396 million expansion. TA Securities targets Unisem stock at MYR 4.81

Published on 10/19/2026 at 00:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIMB Securities raised its target for Unisem stock to MYR 5.50 on September 21, 2026. The project needs MYR 200 million for equipment.

Expansion and valuation context

Unisem filed the Gopeng expansion plan on October 9, 2026, with total investment of MYR 396.00 million.
The planned facility covers 40,000 square meters and supports wafer bumping and post-bump services.
TA Securities upgraded Unisem to Buy and set a MYR 4.81 target on September 18, 2026.

Unisem, MYL5005OO003, Illustration mit AI erstellt.

Unisem plans a MYR 396.00 million second phase at its Gopeng semiconductor plant, a project aimed at expanding advanced packaging capacity. The Edge Malaysia reported on October 9, 2026, that the plan covers a new production facility and additional equipment. Separately, MarketScreener reported that TA Securities upgraded the stock to Buy and set a MYR 4.81 target on September 18, 2026.

Gopeng adds 40,000 square meters

The construction portion is estimated at MYR 196.00 million, while equipment and facility preparation add MYR 200.00 million. The planned building will have approximately 40,000 square meters of built-up area, with half leased to Unisem Advanced Technologies for wafer-bumping operations, according to The Star on October 9, 2026.

What does the capacity add mean?

The expansion is designed for wafer bumping and post-bump services used in advanced semiconductor packaging. The Edge said Unisem expects the project to support demand from artificial intelligence, data centers and high-performance computing, while earnings contribution is expected after completion and operation.

Funding remains the key variable

The project is planned to use internally generated funds and bank borrowings, with the funding mix still to be determined. That structure leaves utilization and customer commitments as the practical tests for the MYR 396.00 million investment. CIMB Securities raised its earnings per share forecasts by 3.00 percent for fiscal year 2026, 69.00 percent for fiscal year 2027 and 64.00 percent for fiscal year 2028 in a September 18, 2026 research note, as reported by The Edge Malaysia.

Stock valuation after October 16

Unisem was last at MYR 4.23 on Bursa Malaysia on October 16, 2026 at 4:50 p.m. MYT. The market capitalization was MYR 7.3 billion, while the 52-week range was MYR 2.53 to MYR 5.38. The planned expansion therefore gives investors a concrete capacity milestone to track alongside the MYR 4.81 TA Securities target and the higher MYR 5.50 CIMB Securities target.