Slammed 25% SKP Resources Bhd (KLSE:SKPRES) Screens Well Here But There Might Be A Catch
Feb 15
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- 7D-6.2%
- 3M-8.9%
- 1Y-21.0%
- YTD-9.5%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 6.2%, driven by a pullback from NationGate Holdings Berhad of 28%. On the other hand Globaltec Formation Berhad is actually up 15%. Overall the industry is down 21% in 12 months. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Malaysian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Mar 2026 | RM 17.8b | RM 25.7b | RM 735.9m | 15.4x | 24.2x | 0.7x |
| Wed, 04 Feb 2026 | RM 19.9b | RM 27.0b | RM 728.2m | 17.4x | 27.3x | 0.7x |
| Fri, 02 Jan 2026 | RM 19.6b | RM 27.0b | RM 728.6m | 16.8x | 26.8x | 0.7x |
| Sun, 30 Nov 2025 | RM 19.8b | RM 26.9b | RM 790.2m | 16.9x | 25.1x | 0.7x |
| Tue, 28 Oct 2025 | RM 21.1b | RM 27.1b | RM 652.6m | 21.9x | 32.4x | 0.8x |
| Thu, 25 Sep 2025 | RM 21.1b | RM 26.0b | RM 736.0m | 19.7x | 28.7x | 0.8x |
| Sat, 23 Aug 2025 | RM 20.0b | RM 24.0b | RM 650.5m | 21.1x | 30.8x | 0.8x |
| Mon, 21 Jul 2025 | RM 20.7b | RM 23.8b | RM 667.2m | 18.7x | 31.1x | 0.9x |
| Wed, 18 Jun 2025 | RM 20.1b | RM 23.2b | RM 660.7m | 17.2x | 30.4x | 0.9x |
| Fri, 16 May 2025 | RM 22.0b | RM 20.8b | RM 357.2m | 19x | 61.6x | 1.1x |
| Sun, 13 Apr 2025 | RM 18.3b | RM 20.7b | RM 348.8m | 16x | 52.5x | 0.9x |
| Tue, 11 Mar 2025 | RM 20.0b | RM 20.8b | RM 355.8m | 17x | 56.2x | 1x |
| Thu, 06 Feb 2025 | RM 24.1b | RM 17.7b | RM 364.8m | 26.7x | 66.1x | 1.4x |
| Sat, 04 Jan 2025 | RM 26.9b | RM 17.7b | RM 367.5m | 27.3x | 73.1x | 1.5x |
| Mon, 02 Dec 2024 | RM 24.0b | RM 17.6b | RM 361.4m | 28.5x | 66.3x | 1.4x |
| Wed, 30 Oct 2024 | RM 23.9b | RM 16.4b | RM 409.3m | 27.2x | 58.4x | 1.5x |
| Fri, 27 Sep 2024 | RM 22.6b | RM 16.1b | RM 372.7m | 30.7x | 60.5x | 1.4x |
| Sun, 25 Aug 2024 | RM 23.3b | RM 15.4b | RM 309.5m | 33x | 75.4x | 1.5x |
| Tue, 23 Jul 2024 | RM 28.2b | RM 16.0b | RM 363.1m | 31.9x | 77.7x | 1.8x |
| Thu, 20 Jun 2024 | RM 26.3b | RM 15.9b | RM 327.6m | 33.2x | 80.3x | 1.7x |
| Sat, 18 May 2024 | RM 23.3b | RM 15.9b | RM 273.9m | 25x | 85.1x | 1.5x |
| Mon, 15 Apr 2024 | RM 20.3b | RM 15.9b | RM 273.3m | 20.4x | 74.1x | 1.3x |
| Wed, 13 Mar 2024 | RM 18.4b | RM 16.2b | RM 280.7m | 19.5x | 65.5x | 1.1x |
| Fri, 09 Feb 2024 | RM 17.9b | RM 16.6b | RM 100.9m | 18.1x | 177.2x | 1.1x |
| Sun, 07 Jan 2024 | RM 18.8b | RM 16.6b | RM 101.8m | 20.8x | 185x | 1.1x |
| Tue, 05 Dec 2023 | RM 18.4b | RM 16.8b | RM 121.1m | 19.5x | 152x | 1.1x |
| Thu, 02 Nov 2023 | RM 18.0b | RM 17.3b | RM 379.6m | 20.8x | 47.3x | 1x |
| Sat, 30 Sep 2023 | RM 19.3b | RM 17.3b | RM 374.9m | 23.5x | 51.4x | 1.1x |
| Mon, 28 Aug 2023 | RM 18.8b | RM 17.5b | RM 388.4m | 23.1x | 48.4x | 1.1x |
| Wed, 26 Jul 2023 | RM 18.4b | RM 17.8b | RM 597.8m | 21.8x | 30.8x | 1x |
| Fri, 23 Jun 2023 | RM 18.1b | RM 17.7b | RM 590.4m | 22.3x | 30.7x | 1x |
| Sun, 21 May 2023 | RM 17.8b | RM 18.2b | RM 723.4m | 18.4x | 24.6x | 1x |
| Tue, 18 Apr 2023 | RM 19.1b | RM 18.2b | RM 720.4m | 18.8x | 26.5x | 1.1x |
| Thu, 16 Mar 2023 | RM 18.5b | RM 17.7b | RM 717.1m | 18.1x | 25.8x | 1x |
Price to Earnings Ratio
25.8x
Current Industry PE
- Investors are pessimistic on the Malaysian Electronic 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 24.2x which is lower than its 3-year average PE of 59.0x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -1.05% | |
| Tech | -6.34% | |
| Electronic Equipment and Components | -6.16% | |
| Technology Distributors | 0.96% | |
| Electronic Equipment and Instruments | -3.47% | |
| Electronic Components | -9.34% | |
| Electronic Manufacturing Services | -10.88% | |
Industry PE
- Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 6.9x.
- Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings growth of 9.6% per year.
- Investors are most pessimistic about the Electronic Components industry, which is trading below its 3-year average of 48.7x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 45% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| GLOTEC Globaltec Formation Berhad | RM 1.01 | 14.8% +RM 35.0m | 119.6% | PE34.5x | |
| 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 | |
| ITRONIC Industronics Berhad | RM 0.035 | 16.7% +RM 3.5m | 16.7% | PS0.9x | |
| ARTRONIQ Artroniq Berhad | RM 0.14 | 3.8% +RM 2.2m | 80.0% | PS5.8x |
