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Jan 23
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Malaysian (KLSE) Tech Sector Analysis
UpdatedApr 24, 2026
DataAggregated Company Financials
Companies123
- 7D4.0%
- 3M-2.1%
- 1Y11.7%
- YTD5.6%
Over the last 7 days, the Tech industry has risen 4.0%, driven by gains in ViTrox Corporation Berhad and Greatech Technology Berhad of 12% and 17%, respectively. During this same period, the Infomina Berhad underperformed, falling 7.5%. This means that the industry has gained 12% over the past 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 |
|---|---|---|---|---|---|---|
| Fri, 24 Apr 2026 | RM 69.3b | RM 44.4b | RM 488.3m | 20.7x | 141.9x | 1.6x |
| Sun, 22 Mar 2026 | RM 61.3b | RM 44.4b | RM 776.8m | 19.1x | 79x | 1.4x |
| Tue, 17 Feb 2026 | RM 64.5b | RM 45.0b | RM 1.3b | 18.2x | 49.6x | 1.4x |
| Thu, 15 Jan 2026 | RM 69.5b | RM 44.8b | RM 1.3b | 20x | 52.9x | 1.6x |
| Sat, 13 Dec 2025 | RM 67.2b | RM 44.9b | RM 1.3b | 17.8x | 51.2x | 1.5x |
| Mon, 10 Nov 2025 | RM 73.2b | RM 44.5b | RM 1.2b | 22x | 62.3x | 1.6x |
| Wed, 08 Oct 2025 | RM 76.9b | RM 44.2b | RM 1.1b | 23x | 67.1x | 1.7x |
| Fri, 05 Sep 2025 | RM 68.9b | RM 43.1b | RM 1.2b | 19.3x | 56.3x | 1.6x |
| Sun, 03 Aug 2025 | RM 67.4b | RM 40.9b | RM 1.4b | 20.5x | 49.5x | 1.6x |
| Tue, 01 Jul 2025 | RM 65.3b | RM 40.5b | RM 1.3b | 19.8x | 49.1x | 1.6x |
| Thu, 29 May 2025 | RM 63.3b | RM 37.6b | RM 1.0b | 20.4x | 61.7x | 1.7x |
| Sat, 26 Apr 2025 | RM 61.6b | RM 37.6b | RM 1.1b | 19.5x | 57.6x | 1.6x |
| Mon, 24 Mar 2025 | RM 63.8b | RM 37.5b | RM 1.1b | 20.7x | 56.8x | 1.7x |
| Wed, 19 Feb 2025 | RM 75.6b | RM 34.7b | RM 1.1b | 27.5x | 68.4x | 2.2x |
| Fri, 17 Jan 2025 | RM 79.6b | RM 34.8b | RM 1.1b | 28.8x | 75.8x | 2.3x |
| Sun, 15 Dec 2024 | RM 84.9b | RM 34.8b | RM 1.1b | 31.8x | 79.2x | 2.4x |
| Tue, 12 Nov 2024 | RM 79.6b | RM 33.2b | RM 1.2b | 31.4x | 65.1x | 2.4x |
| Thu, 10 Oct 2024 | RM 77.4b | RM 33.0b | RM 1.2b | 32x | 63.9x | 2.3x |
| Sat, 07 Sep 2024 | RM 78.5b | RM 32.9b | RM 1.2b | 33.6x | 66.3x | 2.4x |
| Mon, 05 Aug 2024 | RM 94.1b | RM 32.7b | RM 1.1b | 40.3x | 83x | 2.9x |
| Wed, 03 Jul 2024 | RM 101.7b | RM 32.7b | RM 1.2b | 40.2x | 88.3x | 3.1x |
| Fri, 31 May 2024 | RM 93.8b | RM 32.6b | RM 1.1b | 34.1x | 81.6x | 2.9x |
| Sun, 28 Apr 2024 | RM 81.3b | RM 32.3b | RM 999.8m | 28.3x | 81.4x | 2.5x |
| Tue, 26 Mar 2024 | RM 81.1b | RM 32.6b | RM 1.0b | 27.6x | 78x | 2.5x |
| Thu, 22 Feb 2024 | RM 79.1b | RM 32.9b | RM 862.6m | 24.9x | 91.7x | 2.4x |
| Sat, 20 Jan 2024 | RM 79.1b | RM 33.4b | RM 910.0m | 24.7x | 87x | 2.4x |
| Mon, 18 Dec 2023 | RM 79.7b | RM 33.6b | RM 926.9m | 24.8x | 86x | 2.4x |
| Wed, 15 Nov 2023 | RM 78.7b | RM 33.7b | RM 1.2b | 25.5x | 64.5x | 2.3x |
| Fri, 13 Oct 2023 | RM 78.8b | RM 33.8b | RM 1.3b | 24.6x | 61.5x | 2.3x |
| Sun, 10 Sep 2023 | RM 79.4b | RM 33.5b | RM 1.3b | 25.4x | 63.3x | 2.4x |
| Tue, 08 Aug 2023 | RM 80.1b | RM 34.5b | RM 1.5b | 23.2x | 52.7x | 2.3x |
| Thu, 06 Jul 2023 | RM 78.7b | RM 34.6b | RM 1.8b | 22.5x | 44.8x | 2.3x |
| Sat, 03 Jun 2023 | RM 75.9b | RM 34.4b | RM 1.8b | 20.7x | 42.9x | 2.2x |
| Mon, 01 May 2023 | RM 78.5b | RM 34.4b | RM 2.4b | 21.2x | 33.1x | 2.3x |
Price to Earnings Ratio
33.1x
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 142x which is higher than its 3-year average PE of 66.2x.
- The 3-year average PS ratio of 2.1x 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 41% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.8% 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 | 1.52% | |
| Tech | 4.02% | |
| IT | 6.69% | |
| Software | 4.81% | |
| Semiconductors | 4.14% | |
| Communications | 3.37% | |
| Electronic Equipment and Components | 3.10% | |
| Tech Hardware | 1.10% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 70.9x.
- Analysts are expecting annual earnings growth of 26.9%, which is lower than the prior year's growth of 37.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| VITROX ViTrox Corporation Berhad | RM 5.52 | 11.7% +RM 1.1b | 82.8% | PE65.2x | |
| GREATEC Greatech Technology Berhad | RM 2.52 | 17.2% +RM 930.4m | 72.6% | PE72.9x | |
| MPI Malaysian Pacific Industries Berhad | RM 37.84 | 11.3% +RM 765.7m | 117.0% | PE38.9x | |
| INARI Inari Amertron Berhad | RM 1.82 | 10.3% +RM 646.9m | -6.2% | PE35x | |
| NEXG NEXG Berhad | RM 0.32 | 28.6% +RM 244.2m | -14.9% | PS3.2x |
