SKS TECHNOLOGIES GROUP LIMITED (SKS)
Share Price Analysis and Chart

11/05/2026

2

Accumulate

$8.95

6.17%

Work in hand has expanded for SKS Technologies with the award of a $22m contract by Buildcorp Group for the electrical and communication fit-out of the new head office for Coles Group ((COL)). The work will take place during FY27 with handover in the first quarter of FY28.

The company has also announced a material lift in its tender pipeline of around $670m, and Morgans observes the share price momentum increasingly reflects confidence in the outlook.

Factoring in the contract and pipeline conversion along with modest margin increases means the broker lifts pre-tax forecasts by 12% for FY27 and by 15% for FY28. Accumulate retained. Target rises to $8.95 from $6.70.

FORECAST
Morgans forecasts a full year FY26 dividend of 7.00 cents and EPS of 21.00 cents.
Morgans forecasts a full year FY27 dividend of 10.00 cents and EPS of 31.00 cents.

11/05/2026

1

Buy

$9.05

7.35%

Canaccord Genuity maintains a Buy rating for SKS Technologies and raises its target price to $9.05 from $6.47 following an announcement detailing a substantial pipeline upgrade.

The broker notes the project pipeline has surged to $1.25bn from $573m, heavily driven by $1bn in data centre opportunities expected to be awarded over the next 12 months.

Victoria is emerging as a preferred market for hyperscalers due to faster planning approvals and superior power infrastructure compared to New South Wales, directly benefiting the business in its home state.

A recent $22m electrical technology contract win for a major retail headquarters pushes work in hand to $355m, while an expanded $52m bank guarantee facility improves funding capacity to support future growth.

Reflecting lower conversion risks and the massive data centre pipeline, the report lifts FY27 revenue estimates by 14% to $506m while noting earnings forecasts remain conservative ahead of imminent contract awards.