OCB Berhad (KLSE:OCB) Held Back By Insufficient Growth Even After Shares Climb 27%
May 30
Malaysian (KLSE) Food Industry Analysis
UpdatedJun 02, 2024
DataAggregated Company Financials
Companies81
- 7D-2.3%
- 3M1.3%
- 1Y7.0%
- YTD6.3%
Over the last 7 days, the Food industry has dropped 2.3%, driven by a pullback from Kuala Lumpur Kepong Berhad of 6.0%. Meanwhile, Dutch Lady Milk Industries Berhad actually outperformed within the industry, gaining 9.1% in the last week. This takes the industry's 12 month performance to a gain of 7.0%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Malaysian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Jun 2024 | RM212.0b | RM154.9b | RM10.5b | 14.5x | 20.2x | 1.4x |
| Tue, 30 Apr 2024 | RM219.0b | RM155.3b | RM10.1b | 14.7x | 21.7x | 1.4x |
| Thu, 28 Mar 2024 | RM210.4b | RM154.8b | RM10.0b | 14.5x | 21x | 1.4x |
| Sat, 24 Feb 2024 | RM208.0b | RM155.6b | RM10.2b | 14.4x | 20.4x | 1.3x |
| Mon, 22 Jan 2024 | RM208.3b | RM158.1b | RM10.8b | 13.2x | 19.3x | 1.3x |
| Wed, 20 Dec 2023 | RM205.6b | RM158.2b | RM10.8b | 13.2x | 19.1x | 1.3x |
| Fri, 17 Nov 2023 | RM206.8b | RM162.4b | RM10.7b | 13.3x | 19.3x | 1.3x |
| Sun, 15 Oct 2023 | RM202.8b | RM162.3b | RM10.7b | 13.4x | 19x | 1.2x |
| Tue, 12 Sep 2023 | RM205.3b | RM162.7b | RM10.7b | 13.6x | 19.1x | 1.3x |
| Thu, 10 Aug 2023 | RM212.0b | RM172.9b | RM13.6b | 12x | 15.5x | 1.2x |
| Sat, 08 Jul 2023 | RM202.2b | RM173.1b | RM13.7b | 11.7x | 14.8x | 1.2x |
| Mon, 05 Jun 2023 | RM200.6b | RM176.3b | RM13.7b | 11.4x | 14.6x | 1.1x |
| Wed, 03 May 2023 | RM207.7b | RM179.4b | RM16.3b | 11.4x | 12.7x | 1.2x |
| Fri, 31 Mar 2023 | RM208.1b | RM179.7b | RM16.3b | 11.3x | 12.7x | 1.2x |
| Sun, 26 Feb 2023 | RM208.9b | RM180.0b | RM16.5b | 12x | 12.7x | 1.2x |
| Tue, 24 Jan 2023 | RM211.2b | RM180.0b | RM17.0b | 11.3x | 12.4x | 1.2x |
| Thu, 22 Dec 2022 | RM206.7b | RM177.6b | RM16.6b | 11.3x | 12.4x | 1.2x |
| Sat, 19 Nov 2022 | RM204.2b | RM172.1b | RM16.8b | 11.5x | 12.2x | 1.2x |
| Mon, 17 Oct 2022 | RM194.4b | RM171.7b | RM16.8b | 10.9x | 11.6x | 1.1x |
| Wed, 14 Sep 2022 | RM205.5b | RM170.9b | RM16.8b | 11.5x | 12.3x | 1.2x |
| Fri, 12 Aug 2022 | RM208.7b | RM160.0b | RM15.6b | 12.2x | 13.4x | 1.3x |
| Sun, 10 Jul 2022 | RM198.7b | RM159.4b | RM15.5b | 11.8x | 12.8x | 1.2x |
| Tue, 07 Jun 2022 | RM220.4b | RM159.2b | RM15.5b | 13.6x | 14.3x | 1.4x |
| Thu, 05 May 2022 | RM237.1b | RM149.5b | RM14.1b | 15.9x | 16.8x | 1.6x |
| Sat, 02 Apr 2022 | RM222.8b | RM149.0b | RM14.1b | 15.2x | 15.8x | 1.5x |
| Mon, 28 Feb 2022 | RM225.8b | RM146.4b | RM13.6b | 15.3x | 16.6x | 1.5x |
| Wed, 26 Jan 2022 | RM198.3b | RM137.0b | RM12.6b | 13.7x | 15.7x | 1.4x |
| Fri, 24 Dec 2021 | RM196.2b | RM136.6b | RM12.6b | 13.8x | 15.6x | 1.4x |
| Sun, 21 Nov 2021 | RM200.9b | RM129.7b | RM11.7b | 14.5x | 17.2x | 1.5x |
| Tue, 19 Oct 2021 | RM212.9b | RM127.5b | RM11.2b | 15.3x | 19.1x | 1.7x |
| Thu, 16 Sep 2021 | RM203.9b | RM127.2b | RM11.2b | 14.8x | 18.2x | 1.6x |
| Sat, 14 Aug 2021 | RM198.3b | RM127.2b | RM11.2b | 14.5x | 17.7x | 1.6x |
| Wed, 09 Jun 2021 | RM212.6b | RM118.6b | RM9.6b | 17.3x | 22.2x | 1.8x |
Price to Earnings Ratio
22.2x
Current Industry PE
- Investors are optimistic on the Malaysian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.2x which is higher than its 3-year average PE of 16.1x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 3.1% per year over the last three years.
- Revenues for these companies have grown 9.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Staples industry?
| MY Market | -1.50% | |
| Consumer Staples | -2.09% | |
| Food | -2.27% | |
| Packaged Foods and Meats | -0.85% | |
| Agricultural Products | -3.32% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 24.5x.
- Analysts are expecting annual earnings growth of 10.7%, which is lower than the prior year's growth of 37.8% per year.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| DLADY Dutch Lady Milk Industries Berhad | RM36.00 | 9.1% +RM192.0m | 43.4% | PE25.4x | |
| GCB Guan Chong Berhad | RM4.07 | 3.3% +RM152.7m | 75.4% | PE28.3x | |
| HUPSENG Hup Seng Industries Berhad | RM0.94 | 7.5% +RM52.0m | 41.7% | PE15.1x | |
| KRETAM Kretam Holdings Berhad | RM0.60 | 2.6% +RM34.5m | -4.8% | PE13.8x | |
| OCB OCB Berhad | RM0.90 | 18.4% +RM14.4m | 28.6% | PE7.8x |
