There's Reason For Concern Over NationGate Holdings Berhad's (KLSE:NATGATE) Price
Jan 22
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Malaysian (KLSE) Tech Sector Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies121
- 7D0.8%
- 3M-7.9%
- 1Y-14.7%
- YTD9.7%
The Tech is pretty flat in the last 7 days, but Greatech Technology Berhad has stood out, gaining 5.9%. As for the longer term, the industry has declined 15% in the last year. 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, 23 Jan 2026 | RM 71.4b | RM 44.8b | RM 1.3b | 20.2x | 54.5x | 1.6x |
| Sun, 21 Dec 2025 | RM 66.7b | RM 44.9b | RM 1.3b | 17.6x | 51x | 1.5x |
| Tue, 18 Nov 2025 | RM 72.0b | RM 44.7b | RM 1.2b | 22.7x | 59.2x | 1.6x |
| Thu, 16 Oct 2025 | RM 74.7b | RM 44.2b | RM 1.1b | 21.1x | 66.9x | 1.7x |
| Sat, 13 Sep 2025 | RM 69.2b | RM 43.1b | RM 1.2b | 19.7x | 56.5x | 1.6x |
| Mon, 11 Aug 2025 | RM 64.7b | RM 41.0b | RM 1.3b | 20.3x | 48.4x | 1.6x |
| Wed, 09 Jul 2025 | RM 65.1b | RM 40.5b | RM 1.4b | 19.4x | 47.9x | 1.6x |
| Fri, 06 Jun 2025 | RM 64.0b | RM 40.1b | RM 1.3b | 20.3x | 48.6x | 1.6x |
| Sun, 04 May 2025 | RM 64.1b | RM 37.6b | RM 1.1b | 20.3x | 59.4x | 1.7x |
| Tue, 01 Apr 2025 | RM 64.4b | RM 37.5b | RM 1.0b | 21.3x | 61.4x | 1.7x |
| Thu, 27 Feb 2025 | RM 68.6b | RM 34.9b | RM 1.2b | 23.4x | 59.6x | 2x |
| Sat, 25 Jan 2025 | RM 79.1b | RM 34.8b | RM 1.0b | 28.8x | 75.6x | 2.3x |
| Mon, 23 Dec 2024 | RM 83.4b | RM 34.8b | RM 1.1b | 31.7x | 78.1x | 2.4x |
| Wed, 20 Nov 2024 | RM 78.8b | RM 33.5b | RM 1.3b | 30.9x | 62.2x | 2.4x |
| Fri, 18 Oct 2024 | RM 77.1b | RM 33.0b | RM 1.2b | 32x | 63.4x | 2.3x |
| Sun, 15 Sep 2024 | RM 79.1b | RM 32.9b | RM 1.2b | 33.6x | 65.2x | 2.4x |
| Tue, 13 Aug 2024 | RM 94.7b | RM 32.7b | RM 1.2b | 40.4x | 82.1x | 2.9x |
| Thu, 11 Jul 2024 | RM 104.7b | RM 32.7b | RM 1.2b | 41.4x | 89.5x | 3.2x |
| Sat, 08 Jun 2024 | RM 95.8b | RM 32.7b | RM 1.1b | 37x | 85.7x | 2.9x |
| Mon, 06 May 2024 | RM 83.3b | RM 32.3b | RM 998.1m | 28.7x | 83.4x | 2.6x |
| Wed, 03 Apr 2024 | RM 82.5b | RM 32.3b | RM 1.0b | 27x | 79.9x | 2.6x |
| Fri, 01 Mar 2024 | RM 79.4b | RM 32.7b | RM 864.2m | 25.5x | 91.9x | 2.4x |
| Sun, 28 Jan 2024 | RM 79.3b | RM 33.4b | RM 910.0m | 25.2x | 87.1x | 2.4x |
| Tue, 26 Dec 2023 | RM 79.9b | RM 33.4b | RM 908.7m | 24.3x | 87.9x | 2.4x |
| Thu, 23 Nov 2023 | RM 80.4b | RM 33.6b | RM 1.2b | 24.3x | 67.5x | 2.4x |
| Sat, 21 Oct 2023 | RM 77.5b | RM 33.8b | RM 1.3b | 24.3x | 60.3x | 2.3x |
| Mon, 18 Sep 2023 | RM 79.0b | RM 33.5b | RM 1.3b | 25x | 63x | 2.4x |
| Wed, 16 Aug 2023 | RM 82.0b | RM 34.4b | RM 1.5b | 23.8x | 54.1x | 2.4x |
| Fri, 14 Jul 2023 | RM 79.9b | RM 34.6b | RM 1.8b | 23x | 45.5x | 2.3x |
| Sun, 11 Jun 2023 | RM 75.6b | RM 34.4b | RM 1.8b | 21.3x | 42.8x | 2.2x |
| Tue, 09 May 2023 | RM 76.0b | RM 979.9b | RM 87.5b | 20.4x | 0.9x | 0.08x |
| Thu, 06 Apr 2023 | RM 79.8b | RM 35.2b | RM 2.4b | 21.1x | 32.9x | 2.3x |
| Sat, 04 Mar 2023 | RM 79.4b | RM 35.0b | RM 2.4b | 20.1x | 33.3x | 2.3x |
| Mon, 30 Jan 2023 | RM 90.2b | RM 36.4b | RM 2.8b | 23.5x | 31.8x | 2.5x |
Price to Earnings Ratio
31.8x
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 54.5x which is lower than its 3-year average PE of 62.1x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.6x.
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 7.1% 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 | 0.035% | |
| Tech | 0.83% | |
| Communications | 9.77% | |
| Electronic Equipment and Components | 1.37% | |
| Tech Hardware | 1.12% | |
| Semiconductors | 0.59% | |
| Software | 0.41% | |
| IT | 0.19% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 52.9x.
- Analysts are expecting annual earnings growth of 32.7%, which is higher than its past year's earnings growth of 2.8% 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 2.8% per year.
- In contrast, the IT industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| GREATEC Greatech Technology Berhad | RM 1.79 | 5.9% +RM 251.5m | -16.0% | PE33.7x | |
| NATGATE NationGate Holdings Berhad | RM 1.15 | 8.5% +RM 203.6m | -47.2% | PE14.2x | |
| ITMAX ITMAX System Berhad | RM 5.12 | 1.6% +RM 84.8m | 43.4% | PE58.9x | |
| GPACKET Green Packet Berhad | RM 0.045 | 28.6% +RM 25.9m | 28.6% | PS0.3x | |
| QES QES Group Berhad | RM 0.45 | 6.0% +RM 20.8m | -14.4% | PE22.8x |
