HHRG Berhad (KLSE:HHRG) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Mar 24
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Malaysian (KLSE) Oil and Gas Industry Analysis
UpdatedMar 25, 2025
DataAggregated Company Financials
Companies9
- 7D2.3%
- 3M-6.8%
- 1Y-18.7%
- YTD-7.7%
Over the last 7 days, the Oil and Gas industry has risen 10%, driven by gains from PETRONAS Dagangan Berhad of 2.3%. In the past year, the industry is down 15%. As for the next few years, earnings are expected to grow by 3.1% per annum.
Industry Valuation and Performance
Has the Malaysian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Mar 2025 | RM 22.7b | RM 78.0b | RM 1.4b | 13.5x | 16.7x | 0.3x |
| Thu, 20 Feb 2025 | RM 24.0b | RM 82.1b | RM 1.1b | 10.1x | 21.4x | 0.3x |
| Sat, 18 Jan 2025 | RM 24.6b | RM 82.1b | RM 1.1b | 10.6x | 22.4x | 0.3x |
| Mon, 16 Dec 2024 | RM 25.7b | RM 82.1b | RM 1.1b | 12x | 23.4x | 0.3x |
| Wed, 13 Nov 2024 | RM 23.1b | RM 82.1b | RM 1.0b | 10.5x | 22.5x | 0.3x |
| Fri, 11 Oct 2024 | RM 23.7b | RM 82.1b | RM 1.0b | 12.5x | 23.1x | 0.3x |
| Sun, 08 Sep 2024 | RM 24.8b | RM 82.1b | RM 1.0b | 11.7x | 24.2x | 0.3x |
| Tue, 06 Aug 2024 | RM 21.8b | RM 78.9b | RM 1.1b | 15.1x | 19.8x | 0.3x |
| Thu, 04 Jul 2024 | RM 22.5b | RM 78.9b | RM 1.1b | 18.6x | 20.4x | 0.3x |
| Sat, 01 Jun 2024 | RM 24.8b | RM 78.1b | RM 1.1b | 10.6x | 22x | 0.3x |
| Mon, 29 Apr 2024 | RM 27.0b | RM 76.4b | RM 1.1b | 9.9x | 25.5x | 0.4x |
| Wed, 27 Mar 2024 | RM 26.7b | RM 76.4b | RM 1.1b | 10.6x | 25.2x | 0.3x |
| Fri, 23 Feb 2024 | RM 27.8b | RM 74.7b | RM 1.1b | 8.5x | 26.1x | 0.4x |
| Sun, 21 Jan 2024 | RM 25.9b | RM 74.8b | RM 1.0b | 8.7x | 24.8x | 0.3x |
| Tue, 19 Dec 2023 | RM 27.3b | RM 74.8b | RM 1.0b | 8.7x | 26.1x | 0.4x |
| Thu, 16 Nov 2023 | RM 28.1b | RM 77.4b | RM 433.1m | 9.2x | 64.8x | 0.4x |
| Sat, 14 Oct 2023 | RM 27.8b | RM 77.4b | RM 433.1m | 8.2x | 64.2x | 0.4x |
| Mon, 11 Sep 2023 | RM 27.7b | RM 77.4b | RM 433.1m | 7.8x | 64x | 0.4x |
| Wed, 09 Aug 2023 | RM 27.6b | RM 83.5b | RM 1.4b | 10.7x | 20.1x | 0.3x |
| Fri, 07 Jul 2023 | RM 26.4b | RM 83.5b | RM 1.4b | 10.7x | 19.2x | 0.3x |
| Sun, 04 Jun 2023 | RM 26.2b | RM 83.5b | RM 1.4b | 10.3x | 19.1x | 0.3x |
| Tue, 02 May 2023 | RM 27.5b | RM 82.7b | RM 1.5b | 12x | 18.2x | 0.3x |
| Thu, 30 Mar 2023 | RM 26.0b | RM 82.7b | RM 1.5b | 12.7x | 17.2x | 0.3x |
| Sat, 25 Feb 2023 | RM 27.5b | RM 82.2b | RM 2.1b | 13x | 13.1x | 0.3x |
| Mon, 23 Jan 2023 | RM 28.4b | RM 77.9b | RM 2.1b | 16.5x | 13.2x | 0.4x |
| Wed, 21 Dec 2022 | RM 27.1b | RM 77.9b | RM 2.1b | 17.2x | 12.7x | 0.3x |
| Fri, 18 Nov 2022 | RM 28.0b | RM 67.8b | RM 2.5b | 13.9x | 11.4x | 0.4x |
| Sun, 16 Oct 2022 | RM 25.1b | RM 67.8b | RM 2.5b | 13.9x | 10.2x | 0.4x |
| Tue, 13 Sep 2022 | RM 27.2b | RM 67.8b | RM 2.4b | 15.1x | 11.2x | 0.4x |
| Thu, 11 Aug 2022 | RM 26.7b | RM 54.1b | RM 1.3b | 10.7x | 20.4x | 0.5x |
| Sat, 09 Jul 2022 | RM 26.7b | RM 54.1b | RM 1.3b | 11.1x | 20.4x | 0.5x |
| Mon, 06 Jun 2022 | RM 29.0b | RM 54.1b | RM 1.3b | 16.6x | 22.1x | 0.5x |
| Wed, 04 May 2022 | RM 28.1b | RM 46.6b | RM 1.1b | 21.1x | 26x | 0.6x |
| Fri, 01 Apr 2022 | RM 25.7b | RM 46.6b | RM 1.1b | 14.4x | 23.7x | 0.5x |
Price to Earnings Ratio
23.7x
Current Industry PE
- Investors are pessimistic on the Malaysian Oil and Gas 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 17.5x which is lower than its 3-year average PE of 23.9x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 7.9% per year over the last three years.
- Revenues for these companies have grown 19% 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 Energy industry?
| MY Market | -1.11% | |
| Energy | 1.50% | |
| Oil and Gas | 2.27% | |
| Oil and Gas Exploration and Production | 5.14% | |
| Coal and Fuels | 2.32% | |
| Oil and Gas Refining and Marketing | 2.14% | |
| Oil and Gas Storage and Transportation | 0.48% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 58.5x.
- Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings decline of 39.1% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, which is trading below its 3-year average of 6.8x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 4.7% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 82% 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 | |
|---|---|---|---|---|---|
| PETDAG PETRONAS Dagangan Berhad | RM 18.10 | 2.3% +RM 397.4m | -16.7% | PE16.5x | |
| HIBISCS Hibiscus Petroleum Berhad | RM 1.84 | 5.1% +RM 67.8m | -27.6% | PE3.8x | |
| HHRG HHRG Berhad | RM 0.12 | 26.3% +RM 23.9m | -44.2% | PE10.5x | |
| PETRONM Petron Malaysia Refining & Marketing Bhd | RM 3.51 | 1.2% +RM 10.8m | -23.7% | PE52.5x | |
| REACH Reach Energy Berhad | RM 0.02 | 33.3% +RM 10.6m | -20.0% | PS0.2x |
