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SKS Technologies Group Ltd ASX:SKS

Data Centres Infrastructure Services AI Infrastructure Engineering Services

0 opened or increased11 held2 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 2 reduced. 15 managers in total.

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20252026

3 Sep 2025 to today

Commentary Showing 2 of 36

DateManagerActionSummary

30 Sep 2026Forager FundsHeldForager Funds highlights SKS Technologies as an example of businesses benefiting from pockets of clear demand linked to AI infrastructure and electrification, which are attracting both investor attention and real customer spending. SKS Technologies, which helps build data centres, has seen its share price triple since mid-2025. Forager notes the company's latest result showed profits almost doubling and a project pipeline nearly four times larger than a year earlier. The commentary contrasts these structurally supported segments with consumer-reliant businesses that are struggling under higher interest rates and cost inflation.

AI InfrastructureQuarterly Report, price recorded $10.71

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21 Sep 20261851 CapitalHeld1851 Capital continues to hold a positive view on SKS Technologies, noting that data centre work has driven group revenue to triple, with the segment growing from around 20% to over 60% of the business. The manager highlights order-book security from tier-one clients such as AirTrunk and STACK as making the stock a high-conviction core holding, viewing the rapid shift toward data centre-related electrical and technology services as a durable growth driver underpinned by long-term client relationships.

Article, price recorded $9.11

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Price at first mentionThe share price recorded when each of 15 managers first commented on SKS.

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Articles

About SKS Technologies Group Ltd

Industrials, Electrical Equipment

SKS Technologies (ASX:SKS) has become one of the ASX's standout data centre contractors, though fund managers are split on valuation. In September 2026, 1851 Capital rated SKS a buy and a high-conviction core holding, noting data centre work has tripled group revenue and grown from around 20% to more than 60% of the business, with tier-one clients such as AirTrunk and STACK. Firetrail said SKS, which built AirTrunk's MEL01 facility, was one of its biggest performance drivers. Seneca and Forager both rated SKS a sell, warning of a bubble forming in data centre-linked contractors. SKS Technologies operates in the Industrials sector within the Electrical Equipment industry, and Thesis Tracker has captured 31 comments from 14 fund managers, including 1851 Capital, Firetrail, Seneca, Forager and Wilson Asset Management. Founded in 1962 and headquartered in West Melbourne, SKS provides electrical, communications and audiovisual contracting for data centres and commercial projects.

Market cap: $783m
Price to earnings: 37.7x
Return on equity: 78.7%
Dividend yield: 1.2%
Price to book: 23.06x
Net margin: 7.7%
52-week range: $3.13 to $11.55

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in SKS Technologies Group Ltd (ASX:SKS)?

Fund managers including Mereweather Capital, Centennial Asset Management, 1851 Capital, Ellerston Capital, Balmoral Investors, Perennial Partners, Spheria Asset Management, Merewether Capital, Oracle Advisory Group, Naos Asset Management, Wilson Asset Management, Seneca Financial Solutions, Forager Funds, Firetrail Investments and Glennon Small Companies have invested in SKS Technologies Group Ltd (ASX:SKS).

What opportunities or catalysts do fund managers highlight for SKS Technologies Group Ltd?

Managers highlight a successful pivot to data centre construction driving tripled revenue and strong earnings growth, a large and secure order book from tier-one clients such as AirTrunk and STACK, and quality management, according to 1851 Capital, Firetrail and Wilson Asset Management.

What are the key risks to the SKS Technologies Group Ltd investment thesis, according to fund managers?

Seneca warns of a bubble across data centre electrical contractors, with SKS re-rating from about 10 to 20 times earnings, and Forager notes profits are roughly 100 times what they were two years ago, expecting margins to normalise once the data centre boom eases.

What does SKS Technologies Group Ltd (ASX:SKS) do?

SKS Technologies Group Ltd., founded in 1962 and headquartered in West Melbourne, Australia, develops and distributes technology products. The company specializes in audiovisual solutions and electrical and communications cabling. SKS Technologies provides integrated services to diverse sectors, including commercial, retail, health, defense, and education markets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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