Ramssol Group Bhd has partnered with Synlan Technology to distribute and resell AI software solutions via the iFLYTEK Open Platform across Asia, covering speech recognition, real-time translation, and NLP. Ramssol will handle sales, support, and technical advisory. We view the move as strategically positive, enhancing Ramssol’s AI-related product offerings and client value proposition. However, we do not expect material near-term earnings impact given the absence of hardware and the lower-margin nature of software solutions. No change to earnings forecasts. Maintain Hold with a higher target price of 93 sen (from 78 sen), based on 21x FY26F diluted earnings per share of 4.4 sen, following valuation base rollover. – APEX Securities (June 4, 2025)
(Calls by analysts tracked by Bloomberg: 2 Buy, 1 Hold, 0 Sell; Consensus target price: RM1.10)
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