Maybank Lifts ZETRIX Target Price After Launched Malaysia’s First Stablecoin on Its Platform

Maybank Lifts ZETRIX Target Price After Launched Malaysia’s First Stablecoin on Its Platform, Sees 152% Upside

Publish date: Wed, 10 Dec 2025, 01:05 PM

Maybank Investment Bank analyst Lucas Sim has raised Zetrix AI’s target price to RM2.03 from RM1.66 and implying a potential upside of 152%, while maintaining a Buy call. The revision came after Bullish Aim, chaired and owned by the Regent of Johor, recently launched RMJDT (Malaysia’s first Ringgit-backed stablecoin), issued on the Zetrix blockchain platform.

RMJDT was launched under a regulated sandbox framework and is designed to serve a dual purpose to strengthen the use of MYR in cross-border trade settlements and as a catalyst for attracting increased FDI into Malaysia.

Lucas highlighted Bullish Aim’s plan to establish the Digital Asset Treasury Company (DATCO), to ensure stable network gas fees for RMJDT transactions, which initially allocates RM500 million in Zetrix tokens, potentially boosting FY26–27 earnings of Zetrix AI. He now projects FY26E earnings to rise 39% to RM1.19 billion, driven by the token sale.

​Lucas Sim, who mainly covers the industrial products & services sector on StockTipRatings.com (based on data since 2023), currently does not yet have an Expert Rating on the platform. However, he records a 40% success rate across the stocks he covered over a 1-year period following his calls.

He added that the RM500 million allocation could rise to RM1 billion, and DATCO’s commitment to stake tokens supporting up to 10% of validator nodes would further enhance network stability and efficiency. These initiatives strengthen Zetrix AI’s earnings visibility, supported by growing blockchain adoption within the new stablecoin ecosystem.

As of 10:30 a.m. on December 10, Zetrix AI's share price rose 6.2% to RM0.855.

=====

What Happened:
A bank analyst (Maybank) has become very bullish on a company called Zetrix AI. He doubled his price target because Zetrix's blockchain was chosen to launch Malaysia's first government-backed digital Ringgit (RMJDT).

Why It's a Big Deal:

1. Official Backing: This isn't just any crypto. It's a regulated digital currency supported by Malaysia (through the Regent of Johor), meant to be used for international trade.

2. Guaranteed Customer: A special fund (DATCO) will buy RM 500 million worth of Zetrix's own digital tokens to help run the new system. This is a huge, immediate sale for Zetrix AI, boosting its profits.

3. New Role: Zetrix is no longer just a tech company. It's now becoming essential national financial infrastructure.

The Bottom Line:

• Opportunity: This is a major upgrade for Zetrix. It has a clear new customer (the government project) and a big revenue stream from the token sale. Its future is now tied to Malaysia's digital economy plans.

• Caution: The analyst making this super-bullish call doesn't have a strong past track record (40% success rate). Also, the company must now successfully deliver on this project, which isn't guaranteed.

In a nutshell: Zetrix AI got a huge vote of confidence by being chosen for a national digital currency project, which should make it a lot of money. The stock jumped on the news, but it still has to prove it can make the project work.