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Malaysian (KLSE) Energy Sector Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies34
  • 7D2.0%
  • 3M-11.8%
  • 1Y1.2%
  • YTD-2.2%

Over the last 7 days, the Energy industry has risen 2.0%, driven by gains from Dialog Group Berhad of 5.6%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 6.2% annually.

Sector Valuation and Performance

Has the Malaysian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026RM 37.1bRM 59.8bRM 7.7b8.6x4.8x0.6x
Tue, 09 Jun 2026RM 38.7bRM 59.9bRM 7.1b7.7x5.4x0.6x
Thu, 07 May 2026RM 41.9bRM 58.8bRM 6.5b9x6.5x0.7x
Sat, 04 Apr 2026RM 42.7bRM 58.8bRM 6.5b9x6.6x0.7x
Mon, 02 Mar 2026RM 39.2bRM 59.6bRM 7.2b9.2x5.4x0.7x
Wed, 28 Jan 2026RM 37.6bRM 60.7bRM 6.8b8.1x5.6x0.6x
Fri, 26 Dec 2025RM 37.5bRM 60.7bRM 6.8b7.9x5.5x0.6x
Sun, 23 Nov 2025RM 35.4bRM 56.2bRM 2.7b8.2x13.3x0.6x
Tue, 21 Oct 2025RM 58.5bRM 94.2bRM 3.7b8.2x15.9x0.6x
Thu, 18 Sep 2025RM 57.8bRM 95.0bRM 3.8b8.1x15.3x0.6x
Sat, 16 Aug 2025RM 56.7bRM 99.9bRM 4.3b6.5x13.2x0.6x
Mon, 14 Jul 2025RM 54.7bRM 99.8bRM 4.3b6.8x12.7x0.5x
Wed, 11 Jun 2025RM 52.7bRM 100.5bRM 4.4b6.3x12x0.5x
Fri, 09 May 2025RM 49.6bRM 105.5bRM 4.4b6.3x11.2x0.5x
Sun, 06 Apr 2025RM 49.8bRM 105.5bRM 4.4b6.8x11.2x0.5x
Tue, 04 Mar 2025RM 52.4bRM 106.8bRM 4.6b6.9x11.5x0.5x
Thu, 30 Jan 2025RM 56.8bRM 112.4bRM 4.4b7.7x12.8x0.5x
Sat, 28 Dec 2024RM 57.2bRM 112.4bRM 4.4b7.6x12.9x0.5x
Mon, 25 Nov 2024RM 55.5bRM 112.0bRM 4.2b8.6x13.2x0.5x
Wed, 23 Oct 2024RM 58.3bRM 113.0bRM 4.0b8.9x14.6x0.5x
Fri, 20 Sep 2024RM 59.9bRM 113.9bRM 4.0b9.4x14.9x0.5x
Sun, 18 Aug 2024RM 62.1bRM 110.0bRM 3.3b11.4x19x0.6x
Tue, 16 Jul 2024RM 59.6bRM 109.8bRM 3.2b12.2x18.5x0.5x
Thu, 13 Jun 2024RM 61.5bRM 110.6bRM 3.2b11.8x19x0.6x
Sat, 11 May 2024RM 62.7bRM 106.7bRM 2.9b12.4x22x0.6x
Mon, 08 Apr 2024RM 62.0bRM 106.7bRM 2.9b11.7x21.6x0.6x
Wed, 06 Mar 2024RM 59.7bRM 106.5bRM 2.7b11.3x22.4x0.6x
Fri, 02 Feb 2024RM 57.4bRM 104.2bRM 2.0b9.9x28x0.6x
Sun, 31 Dec 2023RM 57.2bRM 104.2bRM 2.0b8.7x27.9x0.5x
Tue, 28 Nov 2023RM 57.6bRM 105.5bRM 1.3b8.6x43x0.5x
Thu, 26 Oct 2023RM 59.4bRM 105.1bRM 1.4b8.7x42.1x0.6x
Sat, 23 Sep 2023RM 60.9bRM 103.6bRM 1.3b9.3x46.2x0.6x
Mon, 21 Aug 2023RM 58.0bRM 108.7bRM 1.6b9.6x35.9x0.5x
Wed, 19 Jul 2023RM 57.6bRM 108.0bRM 2.0b9.9x28.6x0.5x
Price to Earnings Ratio

28.6x


Total Market Cap: RM 57.6bTotal Earnings: RM 2.0bTotal Revenue: RM 108.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Energy Sector Price to Earnings3Y Average 17.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian Energy 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 4.8x which is lower than its 3-year average PE of 17.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 56% per year over the last three years.
  • Meanwhile revenues for these companies have declined 18% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Energy sector?

MY Market0.60%
Energy2.02%
Oil and Gas2.45%
Energy Services1.92%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry even though it's trading below its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 0.7% per year.
  • Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 0.7% per year.
  • In contrast, the Energy Services industry is expected to see its earnings grow by 4.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DIALOG Dialog Group BerhadRM 1.885.6%
+RM 564.3m		16.0%PE18.5x
HIBISCS Hibiscus Petroleum BerhadRM 1.998.2%
+RM 110.6m		26.8%PE6x
DAYANG Dayang Enterprise Holdings BhdRM 1.693.0%
+RM 57.9m		-9.1%PE8.9x
HENGYUAN Hengyuan Refining Company BerhadRM 1.168.4%
+RM 54.0m		-28.0%PE1.6x
VELESTO Velesto Energy BerhadRM 0.291.8%
+RM 41.3m		61.1%PE13.5x

Latest News

HIBISCS
RM 1.99
Hibiscus Petroleum Berhad
7D
8.2%
1Y
26.8%
Narrative Update • Jul 06

HIBISCS: Rising Margins And Dividend Payouts Will Support Stronger Risk Reward Profile

Analysts have raised their price target for Hibiscus Petroleum Berhad to MYR2.57 from MYR2.10, citing updates to fair value estimates that reflect revised assumptions on discount rates, revenue trends, profit margins, and forward P/E expectations. What's in the News Hibiscus Petroleum Berhad, through Hibiscus EP (Brunei) B.V., launched the Low-Pressure Compressor Project at the Onshore Processing Plant in Lumut, Brunei, marking what the company describes as the world’s first water saturated Integrated Compressor Line compressor and Asia’s first operational ICL compressor, according to company key developments.
ORKIM
RM 0.85
Orkim Berhad
7D
-2.8%
1Y
n/a
M&G
RM 0.28
Marine & General Berhad
7D
-3.4%
1Y
55.6%
YINSON
RM 1.90
Yinson Holdings Berhad
7D
-2.6%
1Y
-19.8%
ELRIDGE
RM 0.91
Elridge Energy Holdings Berhad
7D
-1.6%
1Y
52.9%
Narrative Update • Jun 12

The B15 Mandate Catalyzes a Structural Shift in Malaysia’s Biomass Sector, Unlocking Fresh Opportunities for Elridge Energy

Following the recent enforcement of the federal B15 biodiesel mandate , Malaysia’s green energy ecosystem is undergoing an unprecedented structural transformation. Conceived primarily as a strategic buffer to counter rising international fuel volatility, this policy dictates that the national palm oil blending ratio for the transportation sector must step up to 15%.
LFG
RM 1.64
Lianson Fleet Group Berhad
7D
-1.2%
1Y
73.5%
HENGYUAN
RM 1.16
Hengyuan Refining Company Berhad
7D
8.4%
1Y
-28.0%
Analysis Article • Jun 02

Additional Considerations Required While Assessing Hengyuan Refining Company Berhad's (KLSE:HENGYUAN) Strong Earnings

Hengyuan Refining Company Berhad ( KLSE:HENGYUAN ) just reported some strong earnings, and the market reacted...
KEYFIELD
RM 1.51
Keyfield International Berhad
7D
-1.3%
1Y
-6.2%
DAYANG
RM 1.69
Dayang Enterprise Holdings Bhd
7D
3.0%
1Y
-9.1%
ARMADA
RM 0.36
Bumi Armada Berhad
7D
1.4%
1Y
-17.0%
Analysis Article • May 28

Investors Can Find Comfort In Bumi Armada Berhad's (KLSE:ARMADA) Earnings Quality

The most recent earnings report from Bumi Armada Berhad ( KLSE:ARMADA ) was disappointing for shareholders. While the...
VANTNRG
RM 0.33
Vantris Energy Berhad
7D
-1.5%
1Y
-52.9%
VELESTO
RM 0.29
Velesto Energy Berhad
7D
1.8%
1Y
61.1%
WASCO
RM 0.76
Wasco Berhad
7D
6.3%
1Y
-23.7%
HHRG
RM 0.11
HHRG Berhad
7D
37.5%
1Y
15.8%
HAWK
RM 0.17
Steel Hawk Berhad
7D
-5.4%
1Y
-61.1%
Analysis Article • May 22

Analysts Are More Bearish On Steel Hawk Berhad (KLSE:HAWK) Than They Used To Be

Market forces rained on the parade of Steel Hawk Berhad ( KLSE:HAWK ) shareholders today, when the analysts downgraded...
DIALOG
RM 1.88
Dialog Group Berhad
7D
5.6%
1Y
16.0%
Analysis Article • May 15

Earnings Update: Here's Why Analysts Just Lifted Their Dialog Group Berhad (KLSE:DIALOG) Price Target To RM2.43

The third-quarter results for Dialog Group Berhad ( KLSE:DIALOG ) were released last week, making it a good time to...