The recently released Q1 2026 result showed PAT of RM 3 mil on background revenue of RM 29 mil with PAT margin of 10.4%

Annualized net profit and revenue for year 2026 will be RM 12 mil and RM 119 mil. EPS will be 12/567 = 2.11 Sen. Translating to a net growth of 20% vs FYE 2025.

Assuming similar growth for FYE 2027, the EPS will be 2.54 sen.

peers eg SNS (PE 18x), cloudpoint (12x) and Infotech 17x, the average PE is 15x. Thus the TP for MMCS is 15 x2. 54 =38 sen. Lowest is 30.5 sen