Go Hub Capital Berhad's (KLSE:GOHUB) 25% Price Boost Is Out Of Tune With Earnings
Feb 02
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Malaysian (KLSE) IT Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies28
- 7D-1.4%
- 3M-8.6%
- 1Y-40.4%
- YTD-1.8%
Over the last 7 days, the IT industry has dropped 1.6%, driven by declines in NEXG Berhad and Infomina Berhad of 3.3% and 3.5%, respectively. Meanwhile, Go Hub Capital Berhad actually outperformed within the industry, gaining 23% in the last week. Overall the industry is down 40% in 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Malaysian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | RM 4.4b | RM 3.6b | RM 246.8m | 14x | 17.8x | 1.2x |
| Thu, 01 Jan 2026 | RM 4.4b | RM 3.6b | RM 246.9m | 15.1x | 17.9x | 1.2x |
| Sat, 29 Nov 2025 | RM 4.8b | RM 3.6b | RM 205.7m | 16.7x | 23.4x | 1.3x |
| Mon, 27 Oct 2025 | RM 6.6b | RM 3.2b | RM 105.8m | 17x | 62.3x | 2.1x |
| Wed, 24 Sep 2025 | RM 7.1b | RM 3.2b | RM 76.3m | 17.2x | 92.7x | 2.2x |
| Fri, 22 Aug 2025 | RM 6.2b | RM 3.1b | RM 23.7m | 17.8x | 262.5x | 2x |
| Sun, 20 Jul 2025 | RM 6.2b | RM 3.0b | RM 56.3m | 17.3x | 110.4x | 2.1x |
| Tue, 17 Jun 2025 | RM 5.8b | RM 3.1b | RM 27.8m | 19.3x | 209.1x | 1.9x |
| Thu, 15 May 2025 | RM 6.3b | RM 3.0b | -RM 1,860,426.00 | 21.2x | -3379.8x | 2.1x |
| Sat, 12 Apr 2025 | RM 5.6b | RM 3.0b | -RM 2,561,447.00 | 20.1x | -2178.2x | 1.8x |
| Mon, 10 Mar 2025 | RM 5.7b | RM 3.0b | RM 44.5m | 20.1x | 127.1x | 1.9x |
| Wed, 05 Feb 2025 | RM 6.5b | RM 3.1b | RM 13.2m | 25.1x | 493.8x | 2.1x |
| Fri, 03 Jan 2025 | RM 7.0b | RM 3.1b | -RM 32,712,507.00 | 28.2x | -214.4x | 2.2x |
| Sun, 01 Dec 2024 | RM 6.6b | RM 3.1b | -RM 32,725,712.00 | 25.8x | -203.2x | 2.1x |
| Tue, 29 Oct 2024 | RM 6.2b | RM 3.1b | -RM 68,551,108.00 | 28.3x | -90.3x | 2x |
| Thu, 26 Sep 2024 | RM 6.4b | RM 3.1b | -RM 45,529,758.00 | 25.8x | -139.8x | 2x |
| Sat, 24 Aug 2024 | RM 6.4b | RM 3.1b | -RM 52,138,270.00 | 30.4x | -123.1x | 2x |
| Mon, 22 Jul 2024 | RM 6.9b | RM 3.1b | -RM 54,633,725.00 | 31.6x | -127.2x | 2.2x |
| Wed, 19 Jun 2024 | RM 6.1b | RM 3.1b | -RM 72,993,263.00 | 26x | -83x | 1.9x |
| Fri, 17 May 2024 | RM 5.7b | RM 3.1b | -RM 23,079,361.00 | 26.3x | -245.1x | 1.8x |
| Sun, 14 Apr 2024 | RM 5.3b | RM 3.2b | -RM 7,938,032.00 | 22.2x | -668.3x | 1.7x |
| Tue, 12 Mar 2024 | RM 5.2b | RM 3.2b | -RM 7,938,032.00 | 22.9x | -650.5x | 1.6x |
| Thu, 08 Feb 2024 | RM 4.7b | RM 3.2b | -RM 6,440,897.00 | 17.1x | -731.2x | 1.5x |
| Sat, 06 Jan 2024 | RM 5.1b | RM 3.2b | -RM 6,233,481.00 | 18.3x | -815.3x | 1.6x |
| Mon, 04 Dec 2023 | RM 5.0b | RM 3.2b | -RM 6,233,481.00 | 17.2x | -804.7x | 1.6x |
| Wed, 01 Nov 2023 | RM 4.7b | RM 3.1b | RM 12.1m | 18.8x | 393.2x | 1.5x |
| Fri, 29 Sep 2023 | RM 4.8b | RM 3.1b | RM 10.6m | 18x | 450.9x | 1.5x |
| Sun, 27 Aug 2023 | RM 4.9b | RM 3.1b | RM 33.3m | 19.6x | 147.3x | 1.6x |
| Tue, 25 Jul 2023 | RM 5.1b | RM 3.0b | RM 5.8m | 22.3x | 872.6x | 1.7x |
| Thu, 22 Jun 2023 | RM 6.4b | RM 4.4b | RM 4.8m | 19.4x | 1319.4x | 1.4x |
| Sat, 20 May 2023 | RM 5.9b | RM 4.3b | RM 357.3m | 16.7x | 16.5x | 1.4x |
| Mon, 17 Apr 2023 | RM 6.7b | RM 4.3b | RM 356.6m | 23.7x | 18.7x | 1.5x |
| Wed, 15 Mar 2023 | RM 7.7b | RM 5.1b | RM 403.8m | 27.4x | 19.1x | 1.5x |
| Fri, 10 Feb 2023 | RM 8.6b | RM 5.0b | RM 386.6m | 30.6x | 22.2x | 1.7x |
Price to Earnings Ratio
22.2x
Current Industry PE
- Investors are pessimistic on the Malaysian IT 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 17.8x which is higher than its 3-year average PE of -13.6x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 14% per year over the last three years,
- Revenues have also declined 10.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | -1.32% | |
| Tech | -3.58% | |
| IT | -1.38% | |
| IT Consulting | -1.26% | |
| Data Processing Services | -3.10% | |
| Internet Services and Infrastructure | -4.76% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 19.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- 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 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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 0.74 | 23.3% +RM 56.0m | -24.1% | PE59.1x | |
| LGMS LGMS Berhad | RM 0.50 | 2.0% +RM 4.6m | -55.4% | PE21.9x | |
| ICTZONE ICT Zone Asia Berhad | RM 0.18 | 2.9% +RM 4.0m | n/a | PE10.4x | |
| FSBM FSBM Holdings Berhad | RM 0.18 | 2.8% +RM 2.7m | -28.8% | PS8x | |
| TECHSTORE TechStore Berhad | RM 0.27 | 1.9% +RM 2.5m | n/a | PE21.1x |
