Kuala Lumpur, 2 June 2026 – Kenanga Research has lowered its earnings forecast for NationGate Holdings Bhd for the financial year ending Dec 31, 2026, after the electronics manufacturing services group delivered a weaker-than-expected first-quarter performance marked by sharp margin compression.

The research house cut its FY26 net profit projection for NationGate by 20% to RM80 million, mainly to reflect a lower margin assumption of 1.3%, compared with 1.7% previously. Despite the earnings downgrade, Kenanga raised its target price for the stock to RM0.78 from RM0.66 after rolling forward its valuation base to FY27, while maintaining a “Market Perform” call.

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Abigail Cheong
I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.