Public Bank Berhad (KLSE:PBBANK) Released Earnings Last Week And Analysts Lifted Their Price Target To RM5.10
Aug 29
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Malaysian (KLSE) Banks Industry Analysis
UpdatedAug 29, 2024
DataAggregated Company Financials
Companies11
- 7D3.6%
- 3M14.2%
- 1Y21.1%
- YTD22.1%
The Banks industry is up 3.6% in the last week, with CIMB Group Holdings Berhad up 6.2%. In the same time, AFFIN Bank Berhad was down 7.0%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to grow by 5.7% annually.
Industry Valuation and Performance
Has the Malaysian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Aug 2024 | RM 449.6b | RM 91.0b | RM 37.4b | 10.7x | 12x | 4.9x |
| Sat, 27 Jul 2024 | RM 404.4b | RM 90.6b | RM 37.1b | 10x | 10.9x | 4.5x |
| Mon, 24 Jun 2024 | RM 391.1b | RM 90.6b | RM 37.1b | 10x | 10.5x | 4.3x |
| Wed, 22 May 2024 | RM 397.6b | RM 88.5b | RM 36.4b | 10.4x | 10.9x | 4.5x |
| Fri, 19 Apr 2024 | RM 386.6b | RM 88.5b | RM 36.5b | 10.2x | 10.6x | 4.4x |
| Sun, 17 Mar 2024 | RM 390.2b | RM 88.5b | RM 36.5b | 10.1x | 10.7x | 4.4x |
| Tue, 13 Feb 2024 | RM 379.9b | RM 89.9b | RM 36.2b | 10x | 10.5x | 4.2x |
| Thu, 11 Jan 2024 | RM 372.5b | RM 89.9b | RM 36.2b | 9.8x | 10.3x | 4.1x |
| Sat, 09 Dec 2023 | RM 368.7b | RM 89.9b | RM 36.2b | 10.1x | 10.2x | 4.1x |
| Mon, 06 Nov 2023 | RM 368.6b | RM 89.5b | RM 35.0b | 9.9x | 10.5x | 4.1x |
| Wed, 04 Oct 2023 | RM 358.2b | RM 89.5b | RM 35.0b | 9.4x | 10.2x | 4x |
| Fri, 01 Sep 2023 | RM 369.8b | RM 89.5b | RM 35.0b | 9.8x | 10.6x | 4.1x |
| Sun, 30 Jul 2023 | RM 365.3b | RM 88.1b | RM 33.7b | 10.4x | 10.8x | 4.1x |
| Tue, 27 Jun 2023 | RM 347.5b | RM 88.1b | RM 33.7b | 9.7x | 10.3x | 3.9x |
| Thu, 25 May 2023 | RM 346.0b | RM 87.4b | RM 32.5b | 9.8x | 10.6x | 4x |
| Sat, 22 Apr 2023 | RM 353.0b | RM 87.5b | RM 32.6b | 9.6x | 10.8x | 4x |
| Mon, 20 Mar 2023 | RM 350.2b | RM 87.5b | RM 32.6b | 10.2x | 10.7x | 4x |
| Wed, 15 Feb 2023 | RM 363.8b | RM 84.4b | RM 30.9b | 12x | 11.8x | 4.3x |
| Fri, 13 Jan 2023 | RM 373.0b | RM 84.4b | RM 30.9b | 12.3x | 12.1x | 4.4x |
| Sun, 11 Dec 2022 | RM 372.0b | RM 84.4b | RM 30.9b | 12.4x | 12x | 4.4x |
| Tue, 08 Nov 2022 | RM 363.5b | RM 80.7b | RM 28.3b | 12.8x | 12.8x | 4.5x |
| Thu, 06 Oct 2022 | RM 362.3b | RM 80.7b | RM 28.3b | 12.9x | 12.8x | 4.5x |
| Sat, 03 Sep 2022 | RM 377.0b | RM 80.7b | RM 28.3b | 13x | 13.3x | 4.7x |
| Mon, 01 Aug 2022 | RM 373.5b | RM 79.1b | RM 28.1b | 9.6x | 13.3x | 4.7x |
| Wed, 29 Jun 2022 | RM 361.1b | RM 79.1b | RM 28.1b | 9.6x | 12.8x | 4.6x |
| Fri, 27 May 2022 | RM 368.5b | RM 79.1b | RM 24.5b | 11.3x | 15x | 4.7x |
| Sun, 24 Apr 2022 | RM 375.1b | RM 79.1b | RM 24.5b | 11.6x | 15.3x | 4.7x |
| Tue, 22 Mar 2022 | RM 370.1b | RM 79.1b | RM 24.5b | 11.4x | 15.1x | 4.7x |
| Thu, 17 Feb 2022 | RM 365.4b | RM 76.2b | RM 22.5b | 11.9x | 16.2x | 4.8x |
| Sat, 15 Jan 2022 | RM 357.2b | RM 76.2b | RM 22.5b | 12.3x | 15.8x | 4.7x |
| Mon, 13 Dec 2021 | RM 333.3b | RM 76.2b | RM 22.5b | 10.4x | 14.8x | 4.4x |
| Wed, 10 Nov 2021 | RM 334.3b | RM 75.0b | RM 23.0b | 11.3x | 14.5x | 4.5x |
| Fri, 08 Oct 2021 | RM 333.8b | RM 75.9b | RM 23.1b | 11.8x | 14.4x | 4.4x |
| Sun, 05 Sep 2021 | RM 341.0b | RM 75.9b | RM 23.1b | 11.9x | 14.8x | 4.5x |
Price to Earnings Ratio
14.8x
Current Industry PE
- Investors are relatively neutral on the Malaysian Banks 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 12.3x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 industry?
| MY Market | 0.13% | |
| Financials | 3.33% | |
| Banks | 3.58% | |
| Diversified Banks | 3.69% | |
| Regional Banks | -2.96% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings growth of 11.9% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 12.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.6% 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 | |
|---|---|---|---|---|---|
| CIMB CIMB Group Holdings Berhad | RM 8.38 | 6.2% +RM 5.3b | 48.8% | PB1.3x | |
| MAYBANK Malayan Banking Berhad | RM 10.86 | 3.2% +RM 4.1b | 19.2% | PB1.4x | |
| PBBANK Public Bank Berhad | RM 4.80 | 3.7% +RM 3.3b | 13.5% | PB1.7x | |
| HLBANK Hong Leong Bank Berhad | RM 21.10 | 4.1% +RM 1.7b | 5.7% | PB1.2x | |
| RHBBANK RHB Bank Berhad | RM 6.16 | 4.4% +RM 1.1b | 9.8% | PB0.8x |