🟢 NationGate Holdings is trading 6.47% up today after UOB Kay Hian’s Buy upgrade

NationGate Holdings is trading 6.47% up at MYR 1.81 after UOB Kay Hian upgraded the stock to Buy and raised its target price from RM0.82 to RM1.88.

• The broker expects earnings recovery from 4Q26, supported by optical-module programmes, AI data-centre demand and improving product yields.
• Investor momentum followed stronger-than-expected 2Q results and expectations of a significant FY27 earnings ramp-up.
• The stock previously closed at RM1.70, up 14.09%, with 172.09 million shares traded.