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Malaysian (KLSE) Tech Sector Analysis
UpdatedMar 10, 2026
DataAggregated Company Financials
Companies122
- 7D-7.5%
- 3M-11.8%
- 1Y-7.5%
- YTD-10.1%
The Tech industry is down 6.3% over the last week with Inari Amertron Berhad the worst performer, down 12%. Meanwhile, Go Hub Capital Berhad actually outperformed within the industry, gaining 14% in the last week. The industry has fallen 6.5% in the last year. Looking forward, earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Mar 2026 | RM 58.7b | RM 44.2b | RM 748.8m | 18x | 78.4x | 1.3x |
| Thu, 05 Feb 2026 | RM 66.2b | RM 44.8b | RM 1.3b | 17.4x | 50.5x | 1.5x |
| Sat, 03 Jan 2026 | RM 65.2b | RM 44.8b | RM 1.3b | 17.8x | 49.6x | 1.5x |
| Mon, 01 Dec 2025 | RM 68.3b | RM 44.8b | RM 1.3b | 17.8x | 50.8x | 1.5x |
| Wed, 29 Oct 2025 | RM 77.3b | RM 44.4b | RM 1.2b | 22.1x | 66.6x | 1.7x |
| Fri, 26 Sep 2025 | RM 72.0b | RM 43.1b | RM 1.2b | 20.9x | 58x | 1.7x |
| Sun, 24 Aug 2025 | RM 66.8b | RM 41.2b | RM 1.2b | 21.2x | 55.9x | 1.6x |
| Tue, 22 Jul 2025 | RM 65.2b | RM 40.7b | RM 1.4b | 20.5x | 47.7x | 1.6x |
| Thu, 19 Jun 2025 | RM 63.0b | RM 40.0b | RM 1.3b | 19.9x | 48.6x | 1.6x |
| Sat, 17 May 2025 | RM 68.6b | RM 37.7b | RM 1.1b | 21.6x | 63.3x | 1.8x |
| Mon, 14 Apr 2025 | RM 56.2b | RM 37.5b | RM 1.1b | 18.1x | 52.7x | 1.5x |
| Wed, 12 Mar 2025 | RM 59.8b | RM 37.5b | RM 1.1b | 19.2x | 52.9x | 1.6x |
| Fri, 07 Feb 2025 | RM 77.5b | RM 34.7b | RM 1.1b | 28.3x | 70.7x | 2.2x |
| Sun, 05 Jan 2025 | RM 86.2b | RM 34.8b | RM 1.1b | 33.4x | 82.1x | 2.5x |
| Tue, 03 Dec 2024 | RM 78.6b | RM 34.6b | RM 1.1b | 31x | 74x | 2.3x |
| Thu, 31 Oct 2024 | RM 77.9b | RM 33.3b | RM 1.2b | 31.4x | 62.7x | 2.3x |
| Sat, 28 Sep 2024 | RM 77.5b | RM 33.0b | RM 1.2b | 31.4x | 63x | 2.3x |
| Mon, 26 Aug 2024 | RM 87.7b | RM 32.3b | RM 1.1b | 37.4x | 79.7x | 2.7x |
| Wed, 24 Jul 2024 | RM 102.7b | RM 32.7b | RM 1.2b | 43.6x | 87.7x | 3.1x |
| Fri, 21 Jun 2024 | RM 100.5b | RM 32.7b | RM 1.1b | 37.1x | 87.4x | 3.1x |
| Sun, 19 May 2024 | RM 90.5b | RM 32.3b | RM 1.1b | 30x | 84.5x | 2.8x |
| Tue, 16 Apr 2024 | RM 81.4b | RM 32.3b | RM 1.0b | 27.8x | 78.8x | 2.5x |
| Thu, 14 Mar 2024 | RM 78.6b | RM 32.6b | RM 1.0b | 27.6x | 75.6x | 2.4x |
| Sat, 10 Feb 2024 | RM 77.3b | RM 33.0b | RM 892.2m | 24.5x | 86.6x | 2.3x |
| Mon, 08 Jan 2024 | RM 81.0b | RM 33.4b | RM 906.1m | 25.1x | 89.4x | 2.4x |
| Wed, 06 Dec 2023 | RM 78.4b | RM 33.6b | RM 936.9m | 24.9x | 83.7x | 2.3x |
| Fri, 03 Nov 2023 | RM 76.7b | RM 33.7b | RM 1.2b | 24.2x | 62.4x | 2.3x |
| Sun, 01 Oct 2023 | RM 79.6b | RM 33.8b | RM 1.3b | 23.9x | 62.1x | 2.4x |
| Tue, 29 Aug 2023 | RM 79.3b | RM 34.2b | RM 1.5b | 24.2x | 52.4x | 2.3x |
| Thu, 27 Jul 2023 | RM 81.8b | RM 34.6b | RM 1.8b | 23.2x | 46.7x | 2.4x |
| Sat, 24 Jun 2023 | RM 78.1b | RM 34.5b | RM 1.8b | 22.4x | 44.6x | 2.3x |
| Mon, 22 May 2023 | RM 74.3b | RM 34.9b | RM 2.3b | 20.4x | 33x | 2.1x |
| Wed, 19 Apr 2023 | RM 79.5b | RM 35.2b | RM 2.4b | 21.5x | 32.8x | 2.3x |
| Fri, 17 Mar 2023 | RM 78.8b | RM 35.5b | RM 2.5b | 20.7x | 32x | 2.2x |
Price to Earnings Ratio
32x
Current Industry PE
- Investors are optimistic on the Malaysian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 81.7x which is higher than its 3-year average PE of 63.0x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 33% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.5% 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 | -2.37% | |
| Tech | -7.54% | |
| IT | -3.33% | |
| Semiconductors | -7.05% | |
| Tech Hardware | -8.44% | |
| Software | -8.87% | |
| Electronic Equipment and Components | -9.12% | |
| Communications | -11.61% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 56.5x.
- Analysts are expecting annual earnings growth of 27.8%, which is lower than the prior year's growth of 37.7% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 5.2% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| GOHUB Go Hub Capital Berhad | RM 0.93 | 14.1% +RM 50.6m | 11.4% | PE77.9x | |
| GLOTEC Globaltec Formation Berhad | RM 1.01 | 14.8% +RM 35.0m | 119.6% | PE34.5x | |
| DNEX Dagang NeXchange Berhad | RM 0.27 | 3.9% +RM 34.8m | -3.6% | PS0.9x | |
| VSTECS VSTECS Berhad | RM 4.72 | 1.7% +RM 28.5m | 62.8% | PE17.1x | |
| SOLUTN Solution Group Berhad | RM 0.08 | 33.3% +RM 9.7m | -20.0% | PS1.3x |