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Malaysian (KLSE) IT Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies31
  • 7D7.3%
  • 3M-4.9%
  • 1Y-32.1%
  • YTD-3.5%

Over the last 7 days, the IT industry has risen 4.2%, driven by gains from NEXG Berhad of 22%. Meanwhile, MMAG Holdings Berhad actually underperformed within the industry, shrinking 25% in the last week. However, the industry is down 35% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the Malaysian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026RM 4.9bRM 4.3bRM 28.6m13.2x170.2x1.1x
Fri, 20 Mar 2026RM 4.5bRM 4.2bRM 97.0m12.1x46.2x1.1x
Sun, 15 Feb 2026RM 4.4bRM 3.6bRM 242.8m12.7x18x1.2x
Tue, 13 Jan 2026RM 4.6bRM 3.6bRM 246.9m16.1x18.6x1.3x
Thu, 11 Dec 2025RM 4.7bRM 3.6bRM 242.1m15.1x19.4x1.3x
Sat, 08 Nov 2025RM 4.9bRM 3.2bRM 105.5m16.7x46.2x1.5x
Mon, 06 Oct 2025RM 7.3bRM 3.2bRM 105.8m17.9x68.9x2.3x
Wed, 03 Sep 2025RM 6.3bRM 3.2bRM 61.3m17.3x103.3x2x
Fri, 01 Aug 2025RM 6.6bRM 3.0bRM 48.6m17.8x134.9x2.2x
Sun, 29 Jun 2025RM 5.7bRM 2.8bRM 46.1m18.5x122.6x2x
Tue, 27 May 2025RM 6.0bRM 3.0b-RM 4,444,426.0022.1x-1343x2x
Thu, 24 Apr 2025RM 6.0bRM 3.0b-RM 3,197,447.0019.6x-1865.9x2x
Sat, 22 Mar 2025RM 6.3bRM 3.0bRM 44.5m20.7x140.9x2.1x
Mon, 17 Feb 2025RM 6.3bRM 3.1bRM 13.2m25.2x475.8x2.1x
Wed, 15 Jan 2025RM 6.8bRM 3.1b-RM 32,712,507.0026.6x-206.6x2.1x
Fri, 13 Dec 2024RM 6.9bRM 3.1b-RM 32,607,186.0027.8x-210.5x2.2x
Sun, 10 Nov 2024RM 6.4bRM 3.1b-RM 65,742,602.0026.7x-96.8x2x
Tue, 08 Oct 2024RM 6.4bRM 3.1b-RM 63,891,108.0028.5x-100.2x2x
Thu, 05 Sep 2024RM 6.5bRM 3.1b-RM 42,858,255.0028.8x-151.5x2.1x
Sat, 03 Aug 2024RM 6.6bRM 3.1b-RM 53,909,881.0031.9x-122.3x2.1x
Mon, 01 Jul 2024RM 6.0bRM 3.1b-RM 72,993,263.0026.1x-81.9x1.9x
Wed, 29 May 2024RM 5.9bRM 3.1b-RM 24,787,361.0025.9x-236.3x1.9x
Fri, 26 Apr 2024RM 5.2bRM 3.1b-RM 21,878,032.0025.3x-235.8x1.7x
Sun, 24 Mar 2024RM 5.2bRM 3.2b-RM 7,938,032.0023.5x-651.8x1.6x
Tue, 20 Feb 2024RM 5.0bRM 3.2b-RM 6,440,897.0017.4x-773.9x1.6x
Thu, 18 Jan 2024RM 5.0bRM 3.2b-RM 6,233,481.0017.6x-795.9x1.5x
Sat, 16 Dec 2023RM 4.9bRM 3.2b-RM 6,233,481.0017.6x-785.7x1.5x
Mon, 13 Nov 2023RM 5.0bRM 3.1bRM 11.0m21.2x454.5x1.6x
Wed, 11 Oct 2023RM 4.8bRM 3.1bRM 9.5m17.5x504.8x1.5x
Fri, 08 Sep 2023RM 4.9bRM 3.1bRM 10.6m18x466.7x1.6x
Sun, 06 Aug 2023RM 5.0bRM 3.0bRM 26.8m21x185.2x1.7x
Tue, 04 Jul 2023RM 5.1bRM 3.0bRM 5.8m22.6x875x1.7x
Thu, 01 Jun 2023RM 6.0bRM 4.3bRM 87.3m17.9x69.1x1.4x
Sat, 29 Apr 2023RM 6.4bRM 4.3bRM 359.2m19.3x17.7x1.5x
Price to Earnings Ratio

17.7x


Total Market Cap: RM 6.4bTotal Earnings: RM 359.2mTotal Revenue: RM 4.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian IT Industry Price to Earnings3Y Average -9.4x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 163x which is higher than its 3-year average PE of -9.4x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 57% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 industry?

MY Market1.59%
Tech9.38%
IT7.33%
IT Consulting8.24%
Data Processing Services1.79%
Internet Services and Infrastructure-3.78%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 7.6% per year.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 7.6% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 23% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEXG NEXG BerhadRM 0.3022.0%
+RM 191.9m		-14.1%PS3.1x
GOHUB Go Hub Capital BerhadRM 1.0415.6%
+RM 61.6m		27.6%PE87.1x
CLOUDPT Cloudpoint Technology BerhadRM 0.5613.3%
+RM 34.6m		-21.8%PE13.7x
LGMS LGMS BerhadRM 0.544.9%
+RM 11.4m		-38.3%PE24.1x
MPAY ManagePay Systems BerhadRM 0.0716.7%
+RM 10.3m		-12.5%PS3.9x

Latest News

LGMS
RM 0.54
LGMS Berhad
7D
4.9%
1Y
-38.3%
INFOTEC
RM 0.36
Infoline Tec Group Berhad
7D
-4.0%
1Y
-51.0%
NEXG
RM 0.30
NEXG Berhad
7D
22.0%
1Y
-14.1%
OGX
RM 0.27
OGX Group Berhad
7D
-3.6%
1Y
n/a
ICTZONE
RM 0.19
ICT Zone Asia Berhad
7D
5.6%
1Y
n/a
TECHSTORE
RM 0.27
TechStore Berhad
7D
8.2%
1Y
32.5%
CLOUDPT
RM 0.56
Cloudpoint Technology Berhad
7D
13.3%
1Y
-21.8%
THETA
RM 0.63
Theta Edge Berhad
7D
12.6%
1Y
-50.8%
GOHUB
RM 1.04
Go Hub Capital Berhad
7D
15.6%
1Y
27.6%
MPAY
RM 0.07
ManagePay Systems Berhad
7D
16.7%
1Y
-12.5%
MMAG
RM 0.03
MMAG Holdings Berhad
7D
-25.0%
1Y
-95.3%