Latest news with #SNSNetworkTechnologyBhd
The Star
a day ago
- Business
- The Star
SNS rides on healthy ICT demand
SNS Network Technology Bhd , which reported a nearly threefold increase in net profit to RM10.2mil in the first quarter ended April 30, remains optimistic about growth due to rising demand for information and communication technology (ICT) products and services. Managing director Ko Yun Hung (picture) attributes this positive outlook to the company's strengthening customer base and expanding market share. Cancel anytime. Ad-free. Full access to Web and App. RM 13.90/month RM 9.73 /month Billed as RM 9.73 for the 1st month, RM 13.90 thereafter. RM 12.39/month RM 8.63 /month Billed as RM 103.60 for the 1st year, RM 148 thereafter.
The Star
25-06-2025
- Business
- The Star
SNS Network registers record profit in 1Q on strong ICT hardware, AI sales
KUALA LUMPUR: SNS Network Technology Bhd registered a record quarterly net profit of RM10.24mil on revenue of RM822.75mil in the first financial quarter ended April 30, 2025 (1QFY26). This compares to a net profit of RM3.74mil and revenue of RM213.59mil in the same quarter a year earlier. Earnings per share in the quarter under review jumped to 0.61 sen from 0.23 sen previously. According to the company, 1QFY26 revenue soared 285.2% year-on-year (y-o-y) due to strong sales in the commercial and online store channels, particularly for ICT hardware and AI-related systems. The commercial channel remained the dominant contributor, accounting for 88.4% of total revenue, followed by the online store (7.7%), physical stores (3.6%), and services (0.3%). The company declared an interim dividend of 0.25 sen per share, payable on Aug 28, 2025. SNS Network managing director Ko Yun Hung said the record-setting performance was owing to the group's strategic focus on high-growth segments such as AI infrastructure, as well as the continued strength of its commercial ICT business. 'We are encouraged by the strong interest in our AI server solutions and infrastructure setup services, especially from data centres and enterprise clients looking to accelerate digital transformation," he said in a statement. On the company's outlook, he said positive momentum is expected to continue into FY26, driven by strong demand for AI servers and infrastructure alongside a technology refresh cycle, as consumers and businesses that purchased devices during the COVID-19 period begin upgrading to newer models. "This growth is further supported by continuous advancements in ICT and AI technologies, which are accelerating the need for faster, more powerful, and efficient systems across industries,' Ko added.
New Straits Times
20-06-2025
- Business
- New Straits Times
SNS Network poised for further gains after technical breakout — Rakuten Trade
KUALA LUMPUR: SNS Network Technology Bhd (SNS) may see further upside after breaking out of a bullish technical pattern, according to Rakuten Trade. The move is supported by rising trading volume and a recent bullish crossover in its exponential moving averages, a trend indicator that gives more weight to recent prices to help spot changes in a stock's direction more quickly. In its technical research note today, Rakuten Trade said SNS has completed a cup and handle formation, a chart pattern typically associated with continued upward momentum, and is showing signs of strengthening trend. The brokerage expects SNS to test its immediate resistance at 57 sen, with a higher target of 61 sen. Support levels are identified at 51.5 sen and 48 sen, with the latter also serving as the stop-loss level. SNS last traded at 54.5 sen. The counter has rebounded significantly from its 52-week low of 34 sen but remains below its 52-week high of 96 sen. Rakuten Trade classified the trend as bullish, while noting that the Relative Strength Index remains at a neutral level, suggesting further upside potential without entering overbought territory. The brokerage added that all trading decisions involve risk and advised investors to conduct their own assessments and seek professional advice where necessary.
