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Malaysian (KLSE) Financials Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies41
  • 7D-1.3%
  • 3M4.0%
  • 1Y10.7%
  • YTD4.1%

Over the last 7 days, the Financials industry has dropped 1.3%, driven by a pullback from Malayan Banking Berhad of 2.2%. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 5.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026RM 505.5bRM 126.1bRM 44.8b10.7x11.3x4x
Fri, 20 Feb 2026RM 533.8bRM 124.0bRM 44.4b11.5x12x4.3x
Sun, 18 Jan 2026RM 512.7bRM 123.8bRM 44.2b11.6x11.6x4.1x
Tue, 16 Dec 2025RM 476.6bRM 123.8bRM 44.1b10.5x10.8x3.8x
Thu, 13 Nov 2025RM 457.3bRM 122.6bRM 43.8b10.6x10.4x3.7x
Sat, 11 Oct 2025RM 456.3bRM 122.6bRM 43.8b10.5x10.4x3.7x
Mon, 08 Sep 2025RM 449.6bRM 122.6bRM 43.8b10.2x10.3x3.7x
Wed, 06 Aug 2025RM 432.7bRM 121.4bRM 43.3b10.6x10x3.6x
Fri, 04 Jul 2025RM 438.8bRM 121.4bRM 43.4b11.5x10.1x3.6x
Sun, 01 Jun 2025RM 441.3bRM 121.4bRM 43.4b10.2x10.2x3.6x
Tue, 29 Apr 2025RM 449.0bRM 119.9bRM 43.5b9.7x10.3x3.7x
Thu, 27 Mar 2025RM 455.8bRM 120.3bRM 43.4b9.8x10.5x3.8x
Sat, 22 Feb 2025RM 477.2bRM 117.9bRM 42.6b10.6x11.2x4x
Mon, 20 Jan 2025RM 464.4bRM 117.2bRM 42.6b10.9x10.9x4x
Wed, 18 Dec 2024RM 467.6bRM 117.2bRM 42.6b10.6x11x4x
Fri, 15 Nov 2024RM 473.9bRM 114.4bRM 41.7b10.8x11.4x4.1x
Sun, 13 Oct 2024RM 473.5bRM 114.2bRM 41.6b10.9x11.4x4.1x
Tue, 10 Sep 2024RM 487.6bRM 114.2bRM 41.6b10.5x11.7x4.3x
Thu, 08 Aug 2024RM 446.9bRM 112.0bRM 40.5b10.1x11x4x
Sat, 06 Jul 2024RM 436.0bRM 112.3bRM 40.5b10.2x10.8x3.9x
Mon, 03 Jun 2024RM 433.9bRM 111.6bRM 40.0b10.1x10.8x3.9x
Wed, 01 May 2024RM 425.4bRM 110.5bRM 39.5b10.6x10.8x3.9x
Fri, 29 Mar 2024RM 424.5bRM 110.1bRM 39.5b10.5x10.8x3.9x
Sun, 25 Feb 2024RM 428.2bRM 114.9bRM 38.9b12.8x11x3.7x
Tue, 23 Jan 2024RM 410.6bRM 114.2bRM 38.9b11.6x10.5x3.6x
Thu, 21 Dec 2023RM 406.6bRM 114.1bRM 38.9b10.9x10.4x3.6x
Sat, 18 Nov 2023RM 405.5bRM 113.2bRM 37.5b13.1x10.8x3.6x
Mon, 16 Oct 2023RM 402.3bRM 113.0bRM 37.5b12.6x10.7x3.6x
Wed, 13 Sep 2023RM 404.5bRM 112.9bRM 37.4b12.2x10.8x3.6x
Fri, 11 Aug 2023RM 401.3bRM 110.7bRM 35.8b11.4x11.2x3.6x
Sun, 09 Jul 2023RM 378.4bRM 110.6bRM 35.8b11.6x10.6x3.4x
Tue, 06 Jun 2023RM 370.7bRM 110.6bRM 35.9b11.4x10.3x3.4x
Thu, 04 May 2023RM 382.4bRM 109.0bRM 34.6b11.2x11.1x3.5x
Sat, 01 Apr 2023RM 385.4bRM 109.2bRM 34.8b10.4x11.1x3.5x
Price to Earnings Ratio

11.1x


Total Market Cap: RM 385.4bTotal Earnings: RM 34.8bTotal Revenue: RM 109.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Financials Sector Price to Earnings3Y Average 10.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 8.7% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Financials sector?

MY Market-0.66%
Financials-1.26%
Banks-1.20%
Capital Markets-1.23%
Consumer Finance-1.99%
Insurance-2.04%
Diversified Financial-3.43%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 5.5%, which is higher than its past year's earnings decline of 7.6% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 9.0x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Financial industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RHBBANK RHB Bank BerhadRM 8.530.4%
+RM 130.9m		25.4%PB1.1x
BIMB Bank Islam Malaysia BerhadRM 2.380.4%
+RM 22.7m		-7.4%PB0.7x
MULPHA Mulpha International BhdRM 2.902.1%
+RM 18.4m		-3.3%PE2.2x
EMCC Evergreen Max Cash Capital BerhadRM 0.331.6%
+RM 5.6m		12.1%PE9.9x
APEX Apex Equity Holdings BerhadRM 0.822.5%
+RM 4.3m		-9.9%PE5x

Latest News

AFFIN
RM 2.54
AFFIN Bank Berhad
7D
-2.7%
1Y
-3.6%
HLFG
RM 19.56
Hong Leong Financial Group Berhad
7D
-4.7%
1Y
11.8%
CIMB
RM 7.89
CIMB Group Holdings Berhad
7D
-0.8%
1Y
12.1%

CIMB: Future Returns Will Reflect Indonesia Deal Optionality And Earnings Multiple Assumptions

Analysts have trimmed their price target on CIMB Group Holdings Berhad slightly to around MYR9.22. This reflects updated assumptions for discount rate, revenue growth, profit margin and forward P/E that are now a touch more conservative but still largely in line with prior views.
IGBB
RM 2.33
IGB Berhad
7D
-4.9%
1Y
29.4%
BIMB
RM 2.38
Bank Islam Malaysia Berhad
7D
0.4%
1Y
-7.4%
MAYBANK
RM 11.44
Malayan Banking Berhad
7D
-2.6%
1Y
12.4%
EMCC
RM 0.33
Evergreen Max Cash Capital Berhad
7D
1.6%
1Y
12.1%
RHBBANK
RM 8.53
RHB Bank Berhad
7D
0.4%
1Y
25.4%
HLBANK
RM 22.58
Hong Leong Bank Berhad
7D
-2.7%
1Y
11.8%
MULPHA
RM 2.90
Mulpha International Bhd
7D
2.1%
1Y
-3.3%
ABMB
RM 4.99
Alliance Bank Malaysia Berhad
7D
-2.5%
1Y
7.5%
AMBANK
RM 6.72
AMMB Holdings Berhad
7D
-1.6%
1Y
18.9%
PEB
RM 0.82
Pimpinan Ehsan Berhad
7D
7.2%
1Y
-1.2%
APEX
RM 0.82
Apex Equity Holdings Berhad
7D
2.5%
1Y
-9.9%