Take Care Before Diving Into The Deep End On Berjaya Land Berhad (KLSE:BJLAND)
Apr 25
Malaysian (KLSE) Hospitality Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies26
- 7D1.0%
- 3M-4.1%
- 1Y-2.5%
- YTD0.2%
Over the last 7 days, the Hospitality industry has risen 1.9%, driven by gains from Berjaya Land Berhad of 10%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Malaysian Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | RM44.1b | RM56.7b | RM1.6b | 26.4x | 28.1x | 0.8x |
| Sun, 24 Mar 2024 | RM45.7b | RM56.7b | RM1.6b | 28.2x | 29.2x | 0.8x |
| Tue, 20 Feb 2024 | RM47.2b | RM55.5b | RM988.8m | 16.8x | 47.7x | 0.9x |
| Thu, 18 Jan 2024 | RM44.2b | RM55.5b | RM987.0m | 16.4x | 44.8x | 0.8x |
| Sat, 16 Dec 2023 | RM44.6b | RM55.6b | RM979.5m | 15.5x | 45.5x | 0.8x |
| Mon, 13 Nov 2023 | RM40.9b | RM53.3b | RM349.3m | 12.5x | 117.1x | 0.8x |
| Wed, 11 Oct 2023 | RM40.7b | RM53.3b | RM347.3m | 12.8x | 117.1x | 0.8x |
| Fri, 08 Sep 2023 | RM42.2b | RM53.3b | RM347.3m | 12.8x | 121.7x | 0.8x |
| Sun, 06 Aug 2023 | RM41.9b | RM51.3b | -RM268,884,193.00 | 28x | -156x | 0.8x |
| Tue, 04 Jul 2023 | RM40.4b | RM51.3b | -RM268,359,249.00 | 27.8x | -150.6x | 0.8x |
| Thu, 01 Jun 2023 | RM40.0b | RM51.2b | -RM294,554,274.00 | 28.9x | -136x | 0.8x |
| Sat, 29 Apr 2023 | RM44.0b | RM48.9b | -RM591,189,807.00 | 26.9x | -74.5x | 0.9x |
| Mon, 27 Mar 2023 | RM42.4b | RM48.9b | -RM591,130,270.00 | 27.6x | -71.7x | 0.9x |
| Wed, 22 Feb 2023 | RM45.4b | RM46.2b | -RM192,616,030.00 | 16.5x | -235.6x | 1x |
| Fri, 20 Jan 2023 | RM46.7b | RM46.2b | -RM189,330,030.00 | 17.5x | -246.8x | 1x |
| Sun, 18 Dec 2022 | RM43.7b | RM46.2b | -RM189,330,030.00 | 17.7x | -230.8x | 0.9x |
| Tue, 15 Nov 2022 | RM44.8b | RM40.1b | -RM1,242,429,788.00 | 13.3x | -36.1x | 1.1x |
| Thu, 13 Oct 2022 | RM42.4b | RM40.0b | -RM1,268,414,849.00 | 13x | -33.5x | 1.1x |
| Sat, 10 Sep 2022 | RM46.3b | RM40.0b | -RM1,268,414,849.00 | 14.2x | -36.5x | 1.2x |
| Mon, 08 Aug 2022 | RM46.3b | RM34.5b | -RM2,186,985,477.00 | 15.9x | -21.2x | 1.3x |
| Wed, 06 Jul 2022 | RM44.8b | RM34.5b | -RM2,189,268,115.00 | 16.1x | -20.4x | 1.3x |
| Fri, 03 Jun 2022 | RM49.2b | RM34.4b | -RM2,162,414,282.00 | 17.4x | -22.7x | 1.4x |
| Sun, 01 May 2022 | RM47.2b | RM29.9b | -RM2,848,067,791.00 | 29x | -16.6x | 1.6x |
| Tue, 29 Mar 2022 | RM46.7b | RM29.9b | -RM2,848,046,140.00 | 21.7x | -16.4x | 1.6x |
| Thu, 24 Feb 2022 | RM46.2b | RM27.3b | -RM3,088,982,813.00 | 13.7x | -15x | 1.7x |
| Sat, 22 Jan 2022 | RM45.2b | RM27.1b | -RM3,053,080,780.00 | 12.3x | -14.8x | 1.7x |
| Mon, 20 Dec 2021 | RM44.3b | RM27.1b | -RM3,053,080,780.00 | 10.5x | -14.5x | 1.6x |
| Wed, 17 Nov 2021 | RM49.8b | RM29.1b | -RM3,079,186,967.00 | 13.5x | -16.2x | 1.7x |
| Fri, 15 Oct 2021 | RM50.3b | RM29.0b | -RM3,080,423,404.00 | 13.7x | -16.3x | 1.7x |
| Sun, 12 Sep 2021 | RM49.5b | RM28.3b | -RM3,133,581,557.00 | 14.7x | -15.8x | 1.7x |
| Tue, 10 Aug 2021 | RM46.0b | RM28.3b | -RM3,122,758,557.00 | 12x | -14.7x | 1.6x |
| Mon, 03 May 2021 | RM48.8b | RM24.7b | -RM4,156,242,135.00 | 25.7x | -11.7x | 2x |
Price to Earnings Ratio
-11.7x
Current Industry PE
- Investors are pessimistic on the Malaysian Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.3x which is higher than its 3-year average PE of -32.9x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 32% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Discretionary industry?
| MY Market | 1.41% | |
| Consumer Discretionary | 0.78% | |
| Hospitality | 0.96% | |
| Hotels, Resorts and Cruise Lines | 2.46% | |
| Leisure Facilities | 2.15% | |
| Restaurants | 1.58% | |
| Casinos and Gaming | 0.80% | |
Industry PE
- Investors are most optimistic about the Casinos and Gaming industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (26.0%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings decline of 93% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 26% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BJLAND Berjaya Land Berhad | RM0.38 | 10.3% +RM171.4m | 44.2% | PE123.8x | |
| SHANG Shangri-La Hotels (Malaysia) Berhad | RM2.40 | 7.1% +RM70.4m | -20.0% | PE65.9x | |
| RGB RGB International Bhd | RM0.40 | 11.1% +RM61.6m | 66.7% | PE16.9x | |
| BORNOIL Borneo Oil Berhad | RM0.01 | 100.0% +RM60.0m | -50.0% | PS1.5x | |
| SPTOTO Sports Toto Berhad | RM1.40 | 2.2% +RM40.5m | 0% | PE10.9x |
