Has the Malaysian Food and Staples Retail Industry valuation changed over the past few years?

Investors are optimistic on the Malaysian Consumer Retailing industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 35.0x. The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.

Which industries have driven the changes within the Malaysian Consumer Staples industry?

Investors are most optimistic about the Food Retail industry which is trading above its 3-year average PE ratio. Analysts are expecting annual earnings growth of 31.2%, which is higher than its past year's earnings decline of 36.8% per year. Investors are most pessimistic about the Big Box Super Stores industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.6x.

Malaysian (KLSE) Food and Staples Retail Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 09 Aug 2026	RM 44.0b	RM 25.3b	RM 1.1b	17.7x	38.9x	1.7x
Tue, 07 Jul 2026	RM 43.7b	RM 25.0b	RM 1.1b	17.9x	39.5x	1.7x
Thu, 04 Jun 2026	RM 39.9b	RM 25.0b	RM 1.1b	18x	36.1x	1.6x
Sat, 02 May 2026	RM 41.6b	RM 24.4b	RM 1.1b	21.9x	39x	1.7x
Mon, 30 Mar 2026	RM 42.2b	RM 24.4b	RM 1.1b	22.7x	39.8x	1.7x
Wed, 25 Feb 2026	RM 45.4b	RM 24.6b	RM 1.1b	26.4x	43.2x	1.8x
Fri, 23 Jan 2026	RM 46.7b	RM 24.1b	RM 1.0b	26.8x	45.9x	1.9x
Sun, 21 Dec 2025	RM 45.5b	RM 24.0b	RM 1.0b	26.8x	45.2x	1.9x
Tue, 18 Nov 2025	RM 40.7b	RM 23.3b	RM 969.4m	29.6x	42x	1.7x
Thu, 16 Oct 2025	RM 41.3b	RM 23.3b	RM 950.9m	29.9x	43.5x	1.8x
Sat, 13 Sep 2025	RM 34.4b	RM 23.1b	RM 947.3m	31.3x	36.4x	1.5x
Mon, 11 Aug 2025	RM 33.4b	RM 22.7b	RM 942.6m	35.4x	35.4x	1.5x
Wed, 09 Jul 2025	RM 31.4b	RM 22.2b	RM 952.1m	26.8x	32.9x	1.4x
Fri, 06 Jun 2025	RM 30.4b	RM 22.2b	RM 952.9m	27.4x	31.9x	1.4x
Sun, 04 May 2025	RM 24.6b	RM 19.1b	RM 721.9m	20.9x	34.1x	1.3x
Tue, 01 Apr 2025	RM 22.5b	RM 19.1b	RM 721.9m	17.9x	31.2x	1.2x
Thu, 27 Feb 2025	RM 23.3b	RM 19.0b	RM 672.8m	16.5x	34.7x	1.2x
Sat, 25 Jan 2025	RM 24.4b	RM 17.9b	RM 611.4m	15.3x	39.9x	1.4x
Mon, 23 Dec 2024	RM 26.1b	RM 17.9b	RM 611.4m	15.1x	42.6x	1.5x
Wed, 20 Nov 2024	RM 25.4b	RM 17.5b	RM 593.9m	20x	42.8x	1.4x
Fri, 18 Oct 2024	RM 25.8b	RM 17.5b	RM 593.9m	20.6x	43.4x	1.5x
Sun, 15 Sep 2024	RM 21.2b	RM 17.5b	RM 594.2m	20.2x	35.7x	1.2x
Tue, 13 Aug 2024	RM 5.5b	RM 8.5b	RM 179.5m	21.8x	30.9x	0.7x
Thu, 11 Jul 2024	RM 5.5b	RM 8.4b	RM 173.1m	23.7x	31.7x	0.7x
Sat, 08 Jun 2024	RM 5.4b	RM 8.3b	RM 166.1m	28.1x	32.8x	0.7x
Mon, 06 May 2024	RM 4.8b	RM 8.0b	RM 125.4m	19.9x	38.2x	0.6x
Wed, 03 Apr 2024	RM 4.6b	RM 8.0b	RM 125.4m	19.2x	37x	0.6x
Fri, 01 Mar 2024	RM 4.7b	RM 9.2b	RM 222.6m	26.4x	21.1x	0.5x
Sun, 28 Jan 2024	RM 4.8b	RM 9.5b	RM 215.4m	20.8x	22.5x	0.5x
Tue, 26 Dec 2023	RM 4.8b	RM 9.5b	RM 215.4m	21.2x	22.4x	0.5x
Thu, 23 Nov 2023	RM 4.8b	RM 9.5b	RM 198.3m	20x	24.2x	0.5x
Sat, 21 Oct 2023	RM 4.8b	RM 9.5b	RM 198.4m	20.1x	24.4x	0.5x
Mon, 18 Sep 2023	RM 4.8b	RM 9.5b	RM 202.1m	16.4x	23.6x	0.5x
Wed, 16 Aug 2023	RM 5.0b	RM 9.5b	RM 218.3m	16.2x	22.8x	0.5x


MY Market	0.62%
Consumer Staples	0.87%
Food and Staples Retail	-0.81%
Food Retail	0%	0
Big Box Super Stores	-0.82%
Food Distributors	-2.11%

Company	Last Price	7D	1Y	Valuation
ECOSHOP Eco-Shop Marketing Berhad	RM 1.49	1.4% +RM 115.1m	12.0%	PE32.4x
SUPREME Supreme Consolidated Resources Berhad	RM 0.20	5.3% +RM 4.3m	-13.0%	PE8.8x
GHS Guan Huat Seng Holdings Berhad	RM 0.18	2.9% +RM 2.4m	n/a	PE11.8x

Announcement • Aug 01

Eco-Shop Marketing Berhad Receives Writ of Summon and Statement of Claim

ECO-SHOP MARKETING BERHAD wishes to inform that the Company had on late evening of July 30, 2026 received a copy of the sealed Writ of Summon and Statement of Claim dated July 28, 2026 from Messrs Ismail, Khoo & Associates, acting on behalf of Mr. Cheng Heng Yew and Mr. Cheng Kar Tong (as attorney of Mr. Cheng Heng Yew), against ECO-SHOP, Eco-Shop Marketing Sdn Bhd, Kong Ken Meng, Chin Pik Fong, Low Wan Cheong and Lee Koi Chin. Both the Writ and Statement of Claim dated July 28, 2026 were served by Mr. Cheng Heng Yew’s solicitors, Messrs Ismail, Khoo & Associates on ECO-SHOP’s solicitors, Messrs Shook Lin & Bok, via email on July 30, 2026 thereby ECO-SHOP was informed of the service by its solicitors in the late evening of July 30, 2026, when the Cause Papers were forwarded to ECO-SHOP via email. The original hard copies of the Cause Papers were thereafter received by ECO-SHOP’s solicitors at their office at or about noon on July 31, 2026 via courier services. The claims pursuant to the Writ and Statement of Claim are as follows: A declaration that ECO-SHOP is required within two years, and as determined by the Honorable Court or at any time specified by the Honorable Court, to rebuild the building and/or premises No. 262 (Ground Floor and First Floor), Jalan Gurdwara, 10300 Georgetown, Penang, held under Lot 983 & 982 Bandar Georgetown, Section 11W, North-East District, Penang, owned by Mr. Cheng Heng Yew; and the Defendants are required to pay a monthly rent or monthly compensation of MYR 35,000 per month, or any amount determined by the Honorable Court per month, until the issuance of the Certificate of Completion and Compliance and for a minimum period of eighteen years as a guarantee that the Demised Premises are restored/restituted or rebuilt. An order that ECO-SHOP is required within a period of two years and as determined by the Honorable Court, or any time specified by the Honorable Court, to rebuild the Demised Premises owned by Mr. Cheng Heng Yew, and the Defendants are required to pay a monthly rent of MYR 35,000 per month or any amount determined by the Honorable Court per month until the issuance of the certificate of approval for occupancy of the said building or premises. An order that ECO-SHOP is required to deposit MYR 20 million or any amount as security to guarantee the restoration/restitution and/or reconstruction along with a Certificate of Completion and Compliance by the Penang Island City Council or any relevant party within seven days of the order into the account of Mr. Cheng Heng Yew and/or Mr. Cheng Kar Tong where the Defendants fail to comply with the completion within two years as provided or declared. An order that ECO-SHOP is required to provide a bank guarantee of MYR 20 million and/or any amount as a warranty/guarantee for the reconstruction of the Demised Premises and/or any warranty/guarantee for losses and damages in any manner whatsoever. A declaration that architect Low Wan Cheong and Engineer Lee Koi Chin, whether individually and/or jointly, are responsible and liable for all losses, damages, costs, and liabilities suffered by the Plaintiffs as a result of wrongful acts, mala fide (bad faith), unprofessionalism, breach of contract and/or warranty, negligence, as well as failure to comply with the terms and work requirements set by the Penang Island City Council, and to pay to the Plaintiffs all damages, costs, interest, and any other relief deemed just and fit by the Honorable Court. General damages. Damages for breach of agreement. Damages for economic loss. Damages for breach of duty. Specific damages amounting to MYR 5.184 million. Exemplary damages of MYR 10 million or any amount deemed fit and proper by the Honorable Court. Aggravated damages of MYR 10 million or any amount deemed fit and proper by the Honorable Court. Interest at the rate of 5% per annum on any monetary award from the period of April 22, 2025 until the date of full judgment. Costs; and Such further or other reliefs as the Honourable Court deems fit and proper to grant. The circumstances leading to the filing of the Writ and Statement of Claim against ECO-SHOP was due to the alleged breach of the Tenancy Agreement between ECO-SHOP and Mr. Cheng Heng Yew as well as unauthorised demolishment of the Demised Premises by ECO-SHOP, which allegedly resulted in losses suffered by Mr. Cheng Heng Yew. The Company is presently not able to ascertain the full financial impact arising from the claims as the matter is still at a preliminary stage and is subject to the outcome of the court proceedings. The claims, however, are not expected to have any material operational impact on ECO-SHOP Group. The Company is currently seeking the legal advice from its solicitors to resolve and/or defend against the claims.

Announcement • Jul 24

Aeon Co. (M) Bhd. Announces Regarding the Litigation Proceedings Against Betanaz Properties Sdn Bhd and Ahmad Zaki Resources Berhad

Aeon Co. (M) Bhd. announced that Reference is made to the Company's announcements on 3 March 2021, 30 March 2021, 22 October 2021, 12 May 2022, 18 December 2024, 8 January 2025, 22 January 2025 and 17 March 2026 pertaining to the legal suit received from Betanaz Properties Sdn. Bhd. [Company No. 201201025590 (1010080-V)] ("Betanaz") in the High Court of Malaya in Kuala Lumpur. The Company announced that on 22 July 2026, the Court of Appeal upheld the High Court's decision dated 16 December 2024 as follows: Betanaz's alternative claim of MYR 18,678,255.27 together with interest was upheld. The Company's counterclaim against Betanaz Properties Sdn Bhd and Ahmad Zaki Resources Berhad was dismissed. Betanaz's appeal against the dismissal of its claim for MYR 59,302,302.97 was dismissed. The Company was ordered to pay legal costs of MYR 60,000 to Betanaz and RM30,000 to AZRB, respectively, subject to allocatur at 4%. Betanaz was ordered to pay legal costs of MYR 50,000 to the Company, subject to allocatur at 4%. The Court of Appeal further directed that the matter concerning damages arising from the ex parte injunction in relation to the Bank Guarantee sum of MYR 174,240.00 be referred back to the High Court for assessment. The judgment sum of MYR 18,678,255.27 plus interest of MYR 3,643,538.11 as at 22 January 2025 held in the stakeholder account of Betanaz's solicitors should then be released in satisfaction of the judgment in favour of Betanaz. Following the Court of Appeal's decision, the Company made an oral stay of execution pending its intended application for leave to appeal to the Federal Court. The Court of Appeal directed that the application for a stay of execution be made by way of a formal application. Accordingly, the Company intends to file an application for leave to appeal against the Court of Appeal's decision to the Federal Court, together with a formal application for a stay of execution of the Court of Appeal's decision. The financial impact will be a cash outflow relating to the interest amount on the judgment sum from 23 January 2025 onwards and the legal costs ordered by the Court of Appeal. The amount of damages, if any, arising from the ex parte injunction in respect of the Bank Guarantee sum of MYR 174,240.00 cannot be determined at this stage and will depend on the losses, if any, established by Betanaz during the assessment of damages. There is no operational impact on the Company.

Malaysian (KLSE) Food and Staples Retail Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Eco-Shop Marketing Berhad Receives Writ of Summon and Statement of Claim

Insufficient new directors

New minor risk - Financial data availability

Aeon Co. (M) Bhd. Announces Regarding the Litigation Proceedings Against Betanaz Properties Sdn Bhd and Ahmad Zaki Resources Berhad

Wellspire Holdings Berhad Announces Retirement of YM TENGKU DATO' SERI ABU BAKAR AHMAD BIN TENGKU TAN SRI ABDULLAH as Independent and Non Executive Chairman, Effective 23 Jun 2026

99 Speed Mart Retail Holdings Berhad Announces Cessation of Miss Nirmalah A/P V. Thurai as Member of Risk Management Committee, Effective July 1, 2026

Agricore CS Holdings Is Riding on Regional Growth Through Defensible Food Ingredient Supply Chains

First half dividend of RM0.0035 announced

Third quarter 2026 earnings released: RM0.012 loss per share (vs RM0.001 profit in 3Q 2025)

Third quarter 2026 earnings released: EPS: RM0.005 (vs RM0.004 in 3Q 2025)