Summary
The fund managers believe that SKS Technologies Group Ltd is positioned for growth due to its strong market presence and innovative product offerings. In their opinion, the company’s recent expansion into emerging markets will enhance revenue streams and diversify its portfolio. They highlight the importance of strategic partnerships that SKS has forged, which are expected to drive operational efficiencies and increase market share. Furthermore, the fund managers note that the company’s commitment to sustainability aligns with current investor trends, making it an attractive option. However, they caution that regulatory challenges and market volatility could pose risks. Overall, the consensus is that while there are potential hurdles, the long-term outlook for SKS Technologies Group Ltd remains positive, making it a compelling investment opportunity.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Source: Trading View
Commentary From The Managers
1851 Capital
19 Sept 2025
$3.45
Summary
- 1851 Capital continues to hold SKS Technologies Group Ltd due to strong performance, with share prices rising from 40 cents to $3 over the last 18 months.
- The company operates primarily in the data centre space, which now constitutes over 70% of their order book, a significant increase from zero four years ago.
- SKS has established a robust business model based on data centre work, positioning itself early in a growing trend.
- The current order book stands at $200 million, with a tender pipeline of $500 million, indicating substantial future opportunities.
- SKS Technologies trades at a PE ratio of 16, reflecting its profitability.
- Earnings growth is projected at over 30%, suggesting significant upside potential as the data centre thematic evolves.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Text:
Text:
Text:
Summary
-
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua, ut enim ad minim veniam.
-
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat, sed ut perspiciatis unde omnis iste.
-
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur, at vero eos et accusamus et iusto odio dignissimos.pedita.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Become a ThesisTracker Pro Member
-
Unlock current and most recent commentary ahead of the crowd
-
Exclusive access to new insights from the investment community
-
Regular alerts to actionable insights from financial professionals
Commentary From The Managers
1851 Capital
19 Sept 2025
$3.45
- 1851 Capital continues to hold SKS Technologies Group Ltd due to strong performance, with share prices rising from 40 cents to $3 over the last 18 months.
- The company operates primarily in the data centre space, which now constitutes over 70% of their order book, a significant increase from zero four years ago.
- SKS has established a robust business model based on data centre work, positioning itself early in a growing trend.
- The current order book stands at $200 million, with a tender pipeline of $500 million, indicating substantial future opportunities.
- SKS Technologies trades at a PE ratio of 16, reflecting its profitability.
- Earnings growth is projected at over 30%, suggesting significant upside potential as the data centre thematic evolves.
Summary
Centennial Asset Management
31 July 2025
$2.22
- Centennial Asset Management has held SKS Technologies (SKS) for over a year, witnessing strong performance.
- In the last 18 months, SKS's stock price surged from $0.30 to $2.30.
- SKS specializes in electrical design, supply, and installation services for communication and data centre projects domestically.
- The company has experienced rapid growth over the past three years.
- In FY23, SKS reported revenues of $83M.
- Management projects revenues of $259.5M in FY25.
- Profit before Tax estimate for FY25 is $20.8M, exceeding previous guidance of $18.0M.
- This forecast indicates a threefold increase in profitability compared to FY24's $6.5M.
Summary
Mereweather Capital
31 May 2025
$1.76
- SKS Technologies (SKS) announced a $100m contract for the electrical fit out of a data centre in Melbourne.
- Total work on hand now stands at $220m, supporting the company’s growth into the new financial year.
- Management has reaffirmed guidance for the current financial year at $260m revenue and $18m profit.
- The business is trading on approximately 15x earnings, indicating strong growth potential.
- Record order book and open tender pipeline suggest continued positive momentum.
- Mereweather Capital continues to hold because of the robust outlook and strategic contracts.
Summary
Mereweather Capital
28 Feb 2025
$1.83
- Mereweather Capital observes that SKS Technologies (SKS) had a result that generated initial market enthusiasm.
- However, as market sentiment shifted, there was significant profit taking.
- Similar to AHC, the market's attention quickly moved from positive headline numbers (117% revenue growth and 216% profit growth) to underlying concerns.
- SKS has provided full year guidance, aiming for substantial growth.
- The first half results achieved approximately 45% of the full year targets, indicating the necessity for a stronger second half.
- Mereweather Capital continues to monitor the situation closely regarding the likelihood of meeting guidance.
Summary
Centennial Asset Management
29 Jan 2025
$2.05
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Summary
Centennial Asset Management
13 Jan 2025
$2.10
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Summary
Mereweather Capital
31 Oct 2024
$1.45
- Mereweather Capital notes SKS Technologies announced first quarter revenue of $64.9m, positioning them on track to meet FY25 revenue guidance.
- Management targets a profit before tax margin of 6%.
- Shares are trading at roughly 16x forward earnings.
- This valuation sits towards the upper end of SKS’s fair value range for a contracting-based business.
- There is potential for management's FY25 revenue guidance to be conservative, with the possibility of exceeding $260m.
- An increase in revenue could lead to a decrease in earnings multiple accordingly.
- Mereweather Capital continues to monitor these developments closely.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who has invested in SKS Technologies Group Ltd (ASX:SKS)?
Fund managers including Mereweather Capital, Centennial Asset Management and 1851 Capital have invested in SKS Technologies Group Ltd (ASX:SKS).
Why have investment managers invested in SKS Technologies Group Ltd (ASX:SKS)?
Fund managers are investing in SKS Technologies Group Ltd due to its strong financial performance and growth potential in the rapidly expanding data centre sector. The company reported impressive revenue growth, achieving $64.9 million in Q1 and maintaining a full-year revenue guidance of $260 million. With a targeted profit margin of 6% and a favorable earnings multiple of around 15-16x, SKS is positioned for robust earnings growth. Its founder-led management team has established long-standing industry relationships, enhancing operational execution and confidence in future performance. Recent contract wins, including a significant $100 million project, bolster SKS's order book, supporting its revenue targets and demonstrating its capacity to meet increasing market demand. Overall, the combination of strong growth metrics, strategic positioning within the market, and an experienced management team makes SKS a compelling investment for fund managers.
What happened to SKS Technologies Group Ltd (ASX:SKS)?
In July 2025, Centennial Asset Management highlighted SKS Technologies Group Ltd's impressive performance, noting a rise in share price from $0.30 to $2.30 over 18 months, with FY23 revenues reaching $83M and FY25 projections at $259.5M. The profit before tax estimate increased to $20.8M, indicating substantial growth. Similarly, in September 2025, 1851 Capital reiterated its bullish stance on SKS, pointing out that the share price surged from $0.40 to $3.45, driven by a strong focus on the data centre sector, which now constitutes over 70% of their order book. With a current order book of $200 million and a tender pipeline of $500 million, SKS is well-positioned for continued growth, trading at a PE of 16 times and achieving earnings growth of over 30%.