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Malaysian (KLSE) Tech Sector Analysis
UpdatedDec 19, 2025
DataAggregated Company Financials
Companies124
- 7D-0.4%
- 3M-8.8%
- 1Y-23.8%
- YTD-25.5%
Last week, the Tech industry hasn't moved much but Dagang NeXchange Berhad is up 19% in that time. Unfortunately though, the industry is down 24% over the past 12 months. Looking forward, earnings are forecast to grow by 27% annually.
Sector Valuation and Performance
Has the Malaysian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Dec 2025 | RM 66.6b | RM 44.9b | RM 1.3b | 17.8x | 51x | 1.5x |
| Sun, 16 Nov 2025 | RM 72.1b | RM 44.7b | RM 1.2b | 22.2x | 59x | 1.6x |
| Tue, 14 Oct 2025 | RM 76.0b | RM 44.2b | RM 1.1b | 21.4x | 68.2x | 1.7x |
| Thu, 11 Sep 2025 | RM 67.7b | RM 43.1b | RM 1.2b | 19.4x | 55.3x | 1.6x |
| Sat, 09 Aug 2025 | RM 64.7b | RM 41.0b | RM 1.3b | 20.3x | 48.4x | 1.6x |
| Mon, 07 Jul 2025 | RM 67.9b | RM 40.5b | RM 1.4b | 20x | 49.9x | 1.7x |
| Wed, 04 Jun 2025 | RM 62.8b | RM 40.1b | RM 1.1b | 20.5x | 56.7x | 1.6x |
| Fri, 02 May 2025 | RM 62.1b | RM 37.6b | RM 1.1b | 20.1x | 57.7x | 1.7x |
| Sun, 30 Mar 2025 | RM 64.4b | RM 37.5b | RM 1.1b | 21.4x | 60.1x | 1.7x |
| Tue, 25 Feb 2025 | RM 71.0b | RM 34.7b | RM 1.2b | 24.4x | 61.7x | 2x |
| Thu, 23 Jan 2025 | RM 81.0b | RM 34.8b | RM 1.1b | 30.4x | 77x | 2.3x |
| Sat, 21 Dec 2024 | RM 83.4b | RM 34.8b | RM 1.1b | 31.7x | 77.9x | 2.4x |
| Mon, 18 Nov 2024 | RM 78.8b | RM 33.5b | RM 1.3b | 30.5x | 61.9x | 2.4x |
| Wed, 16 Oct 2024 | RM 76.5b | RM 33.0b | RM 1.2b | 31.4x | 62.9x | 2.3x |
| Fri, 13 Sep 2024 | RM 78.0b | RM 32.9b | RM 1.2b | 32.9x | 64.3x | 2.4x |
| Sun, 11 Aug 2024 | RM 93.4b | RM 32.7b | RM 1.2b | 40.1x | 80.9x | 2.9x |
| Tue, 09 Jul 2024 | RM 103.0b | RM 32.7b | RM 1.2b | 40.3x | 88x | 3.2x |
| Thu, 06 Jun 2024 | RM 94.5b | RM 32.7b | RM 1.1b | 36.2x | 83.9x | 2.9x |
| Sat, 04 May 2024 | RM 83.3b | RM 32.3b | RM 1.0b | 28.7x | 83.2x | 2.6x |
| Mon, 01 Apr 2024 | RM 82.0b | RM 32.3b | RM 1.0b | 27.3x | 79.4x | 2.5x |
| Wed, 28 Feb 2024 | RM 79.6b | RM 32.7b | RM 826.2m | 28.2x | 96.4x | 2.4x |
| Fri, 26 Jan 2024 | RM 79.6b | RM 33.4b | RM 910.0m | 25.5x | 87.5x | 2.4x |
| Sun, 24 Dec 2023 | RM 79.9b | RM 33.4b | RM 908.7m | 24.3x | 87.9x | 2.4x |
| Tue, 21 Nov 2023 | RM 79.6b | RM 33.5b | RM 1.2b | 25x | 67.9x | 2.4x |
| Thu, 19 Oct 2023 | RM 77.9b | RM 33.8b | RM 1.3b | 23.5x | 60.7x | 2.3x |
| Sat, 16 Sep 2023 | RM 79.1b | RM 33.5b | RM 1.3b | 25x | 63x | 2.4x |
| Mon, 14 Aug 2023 | RM 81.2b | RM 34.4b | RM 1.5b | 23.2x | 53.6x | 2.4x |
| Wed, 12 Jul 2023 | RM 79.1b | RM 34.6b | RM 1.8b | 22.9x | 45x | 2.3x |
| Fri, 09 Jun 2023 | RM 75.0b | RM 34.4b | RM 1.8b | 21.3x | 42.3x | 2.2x |
| Sun, 07 May 2023 | RM 75.9b | RM 979.9b | RM 87.5b | 20.4x | 0.9x | 0.08x |
| Tue, 04 Apr 2023 | RM 79.7b | RM 35.2b | RM 2.4b | 20.5x | 32.9x | 2.3x |
| Thu, 02 Mar 2023 | RM 80.2b | RM 35.2b | RM 2.4b | 21.2x | 32.9x | 2.3x |
| Sat, 28 Jan 2023 | RM 90.2b | RM 36.4b | RM 2.8b | 23.5x | 31.8x | 2.5x |
| Mon, 26 Dec 2022 | RM 82.2b | RM 35.8b | RM 2.8b | 22.5x | 29.3x | 2.3x |
Price to Earnings Ratio
29.3x
Current Industry PE
- Investors are pessimistic on the Malaysian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 51.0x which is lower than its 3-year average PE of 61.4x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Tech sector?
| MY Market | 1.15% | |
| Tech | -0.36% | |
| Tech Hardware | 3.86% | |
| Communications | 1.46% | |
| Electronic Equipment and Components | 1.38% | |
| Software | -0.77% | |
| Semiconductors | -1.22% | |
| IT | -1.29% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 51.0x.
- Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 10.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the IT industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ITMAX ITMAX System Berhad | RM 4.85 | 4.5% +RM 216.9m | 36.2% | PE55.7x | |
| ATECH Aurelius Technologies Berhad | RM 0.86 | 12.3% +RM 123.6m | -22.1% | PE14.6x | |
| NATGATE NationGate Holdings Berhad | RM 1.02 | 2.5% +RM 56.6m | -58.9% | PE12.6x | |
| DNEX Dagang NeXchange Berhad | RM 0.29 | 5.4% +RM 52.1m | -22.4% | PS0.9x | |
| NE Northeast Group Berhad | RM 0.86 | 7.5% +RM 44.4m | 42.1% | PE31x |
