SNS Network Technology Berhad's (KLSE:SNS) Solid Earnings May Rest On Weak Foundations
Dec 17
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Malaysian (KLSE) Electronic Equipment and Components Industry Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies38
- 7D0.4%
- 3M-7.9%
- 1Y-28.5%
- YTD-30.6%
The Electronic Equipment and Components is pretty flat in the last 7 days, but NationGate Holdings Berhad has stood out, gaining 3.8%. Unfortunately though, the industry is down 30% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | RM 19.6b | RM 27.0b | RM 777.7m | 16.8x | 25.2x | 0.7x |
| Sat, 15 Nov 2025 | RM 20.5b | RM 27.3b | RM 661.6m | 21.8x | 30.9x | 0.7x |
| Mon, 13 Oct 2025 | RM 21.0b | RM 27.0b | RM 642.5m | 22.5x | 32.6x | 0.8x |
| Wed, 10 Sep 2025 | RM 20.0b | RM 26.0b | RM 736.0m | 19.1x | 27.1x | 0.8x |
| Fri, 08 Aug 2025 | RM 20.7b | RM 23.9b | RM 675.0m | 16.9x | 30.6x | 0.9x |
| Sun, 06 Jul 2025 | RM 21.6b | RM 23.8b | RM 667.2m | 20.1x | 32.4x | 0.9x |
| Tue, 03 Jun 2025 | RM 20.6b | RM 23.4b | RM 480.6m | 18.1x | 42.9x | 0.9x |
| Thu, 01 May 2025 | RM 19.6b | RM 20.7b | RM 348.9m | 16.8x | 56.2x | 0.9x |
| Sat, 29 Mar 2025 | RM 20.4b | RM 20.7b | RM 348.9m | 18.6x | 58.5x | 1x |
| Mon, 24 Feb 2025 | RM 24.0b | RM 17.7b | RM 350.7m | 24.1x | 68.3x | 1.4x |
| Wed, 22 Jan 2025 | RM 25.0b | RM 17.7b | RM 367.5m | 26.9x | 68.1x | 1.4x |
| Fri, 20 Dec 2024 | RM 25.8b | RM 17.7b | RM 367.5m | 26.1x | 70.1x | 1.5x |
| Sun, 17 Nov 2024 | RM 24.1b | RM 16.4b | RM 398.1m | 28.9x | 60.5x | 1.5x |
| Tue, 15 Oct 2024 | RM 22.4b | RM 16.1b | RM 372.7m | 29.8x | 60.2x | 1.4x |
| Thu, 12 Sep 2024 | RM 21.9b | RM 16.0b | RM 351.0m | 29.5x | 62.3x | 1.4x |
| Sat, 10 Aug 2024 | RM 25.2b | RM 16.0b | RM 375.0m | 30.5x | 67.2x | 1.6x |
| Mon, 08 Jul 2024 | RM 27.8b | RM 16.0b | RM 363.1m | 32.3x | 76.5x | 1.7x |
| Wed, 05 Jun 2024 | RM 24.6b | RM 15.9b | RM 333.5m | 32.2x | 73.7x | 1.5x |
| Fri, 03 May 2024 | RM 21.2b | RM 16.0b | RM 274.0m | 22x | 77.4x | 1.3x |
| Sun, 31 Mar 2024 | RM 19.9b | RM 15.9b | RM 273.2m | 20.3x | 72.9x | 1.3x |
| Tue, 27 Feb 2024 | RM 18.7b | RM 16.5b | RM 121.8m | 20.2x | 153.5x | 1.1x |
| Thu, 25 Jan 2024 | RM 17.9b | RM 16.6b | RM 101.8m | 19.3x | 175.9x | 1.1x |
| Sat, 23 Dec 2023 | RM 18.6b | RM 16.7b | RM 104.3m | 20.1x | 178.2x | 1.1x |
| Mon, 20 Nov 2023 | RM 18.3b | RM 17.1b | RM 363.1m | 23.1x | 50.5x | 1.1x |
| Wed, 18 Oct 2023 | RM 18.9b | RM 17.3b | RM 378.3m | 23x | 49.9x | 1.1x |
| Fri, 15 Sep 2023 | RM 18.8b | RM 17.1b | RM 348.1m | 25.2x | 53.9x | 1.1x |
| Sun, 13 Aug 2023 | RM 18.5b | RM 17.7b | RM 405.7m | 22.5x | 45.7x | 1x |
| Tue, 11 Jul 2023 | RM 17.9b | RM 17.8b | RM 597.8m | 22x | 29.9x | 1x |
| Thu, 08 Jun 2023 | RM 17.4b | RM 17.6b | RM 614.6m | 19.5x | 28.3x | 1x |
| Sat, 06 May 2023 | RM 18.1b | RM 963.0b | RM 85.9b | 17.4x | 0.2x | 0.02x |
| Mon, 03 Apr 2023 | RM 18.0b | RM 18.2b | RM 720.3m | 18.6x | 25x | 1x |
| Wed, 01 Mar 2023 | RM 17.9b | RM 17.5b | RM 698.8m | 16.3x | 25.6x | 1x |
| Fri, 27 Jan 2023 | RM 18.3b | RM 17.8b | RM 828.6m | 19.1x | 22.1x | 1x |
| Sun, 25 Dec 2022 | RM 15.2b | RM 17.0b | RM 763.0m | 18.2x | 19.9x | 0.9x |
Price to Earnings Ratio
19.9x
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 24.9x which is lower than its 3-year average PE of 58.6x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.72x.
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 17% 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 | 1.25% | |
| Tech | -0.43% | |
| Electronic Equipment and Components | 0.35% | |
| Electronic Equipment and Instruments | 3.38% | |
| Electronic Manufacturing Services | 0.37% | |
| Electronic Components | -1.31% | |
| Technology Distributors | -3.25% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (19.1%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Electronic Components industry, which is trading below its 3-year average of 49.6x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 29% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| NATGATE NationGate Holdings Berhad | RM 0.99 | 4.7% +RM 102.5m | -59.6% | PE12.4x | |
| NE Northeast Group Berhad | RM 0.86 | 9.6% +RM 55.5m | 43.3% | PE31x | |
| ITMAX ITMAX System Berhad | RM 4.70 | 0.9% +RM 41.3m | 32.4% | PE54x | |
| ATECH Aurelius Technologies Berhad | RM 0.81 | 3.2% +RM 32.5m | -26.6% | PE13.8x | |
| VSTECS VSTECS Berhad | RM 4.03 | 2.3% +RM 32.1m | 4.1% | PE16.9x |
