Kenanga Investment Bank Berhad (KLSE:KENANGA) Has Announced That It Will Be Increasing Its Dividend To MYR0.07
Mar 17
Malaysian (KLSE) Capital Markets Industry Analysis
UpdatedApr 15, 2024
DataAggregated Company Financials
Companies11
- 7D0.4%
- 3M-5.1%
- 1Y7.2%
- YTD3.1%
The Capital Markets is pretty flat in the last 7 days, but Fintec Global Berhad has stood out, gaining 100%. As for the the longer term, the industry is up 7.2% over the past 12 months. Looking forward, earnings are forecast to grow by 3.7% annually.
Industry Valuation and Performance
Has the Malaysian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Apr 2024 | RM9.6b | RM1.8b | RM562.7m | 13.4x | 17x | 5.3x |
| Wed, 13 Mar 2024 | RM9.5b | RM1.8b | RM566.8m | 13.7x | 16.8x | 5.3x |
| Fri, 09 Feb 2024 | RM9.7b | RM1.8b | RM599.9m | 14.9x | 16.2x | 5.5x |
| Sun, 07 Jan 2024 | RM9.6b | RM1.8b | RM586.0m | 14.8x | 16.4x | 5.4x |
| Tue, 05 Dec 2023 | RM8.8b | RM1.7b | RM577.6m | 9.9x | 15.3x | 5.1x |
| Thu, 02 Nov 2023 | RM8.6b | RM1.7b | RM462.5m | 18x | 18.6x | 5x |
| Sat, 30 Sep 2023 | RM8.9b | RM1.7b | RM462.5m | 19.1x | 19.3x | 5.2x |
| Mon, 28 Aug 2023 | RM8.7b | RM1.7b | RM375.2m | 23.7x | 23.3x | 5.1x |
| Wed, 26 Jul 2023 | RM8.7b | RM1.7b | RM358.4m | 24.8x | 24.3x | 5.1x |
| Fri, 23 Jun 2023 | RM8.4b | RM1.7b | RM358.4m | 24.4x | 23.6x | 5x |
| Sun, 21 May 2023 | RM8.5b | RM1.7b | RM365.3m | 23.5x | 23.3x | 5x |
| Tue, 18 Apr 2023 | RM8.7b | RM1.7b | RM381.9m | 23x | 22.7x | 5.1x |
| Thu, 16 Mar 2023 | RM8.7b | RM1.7b | RM382.5m | 23.3x | 22.7x | 5.1x |
| Sat, 11 Feb 2023 | RM8.9b | RM1.8b | RM347.0m | 24.2x | 25.6x | 5x |
| Mon, 09 Jan 2023 | RM9.5b | RM1.8b | RM389.9m | 22.8x | 24.3x | 5.2x |
| Wed, 07 Dec 2022 | RM9.6b | RM1.9b | RM389.9m | 22.9x | 24.6x | 5.1x |
| Fri, 04 Nov 2022 | RM9.1b | RM1.9b | RM466.7m | 14.3x | 19.4x | 4.8x |
| Sun, 02 Oct 2022 | RM9.0b | RM1.9b | RM497.2m | 14.6x | 18x | 4.7x |
| Tue, 30 Aug 2022 | RM8.6b | RM2.0b | RM521.3m | 12x | 16.6x | 4.3x |
| Thu, 28 Jul 2022 | RM8.6b | RM2.1b | RM452.7m | 10.7x | 19x | 4.2x |
| Sat, 25 Jun 2022 | RM8.6b | RM2.1b | RM452.7m | 10x | 19.1x | 4.2x |
| Mon, 23 May 2022 | RM9.2b | RM2.2b | RM528.2m | 9.3x | 17.4x | 4.1x |
| Wed, 20 Apr 2022 | RM9.3b | RM2.3b | RM580.8m | 9.5x | 16.1x | 4.1x |
| Fri, 18 Mar 2022 | RM9.4b | RM2.3b | RM580.8m | 9.5x | 16.2x | 4.1x |
| Sun, 13 Feb 2022 | RM9.3b | RM2.3b | RM660.7m | 8.2x | 14x | 4x |
| Tue, 11 Jan 2022 | RM9.1b | RM2.4b | RM701.0m | 8.8x | 13x | 3.8x |
| Thu, 09 Dec 2021 | RM9.2b | RM2.4b | RM701.0m | 9.1x | 13.1x | 3.8x |
| Sat, 06 Nov 2021 | RM9.7b | RM2.5b | RM760.5m | 7x | 12.7x | 3.8x |
| Mon, 04 Oct 2021 | RM9.6b | RM2.6b | RM802.2m | 7x | 12x | 3.7x |
| Wed, 01 Sep 2021 | RM9.8b | RM2.6b | RM1.7b | 6.4x | 5.7x | 3.8x |
| Thu, 08 Jul 2021 | RM10.1b | RM2.6b | RM1.7b | 6.6x | 5.9x | 3.9x |
Price to Earnings Ratio
6.3x
Current Industry PE
- Investors are relatively neutral on the Malaysian Capital Markets 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 16.9x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 30% per year over the last three years,
- Revenues have also declined 12% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Financials industry?
| MY Market | 0.18% | |
| Financials | 0.21% | |
| Capital Markets | 0.37% | |
| Asset Management | 4.23% | |
| Financial Exchanges and Data | 0.40% | |
| Diversified Capital Markets | 0% | |
| Investment Banking and Brokerage | -0.26% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 19.8x.
- Analysts are expecting annual earnings growth of 3.6%, which is lower than the prior year's growth of 11.4% per year.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.8x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 8.2% over the next 5 years.
- This is better than its past earnings growth rate of 5.4% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|
| BURSA Bursa Malaysia Berhad | RM7.47 | 0.3% +RM16.2m | 15.8% | PE24x | |
| HLCAP Hong Leong Capital Berhad | RM4.13 | 0.5% +RM4.7m | -33.6% | PE16.3x | |
| KUCHAI Kuchai Development Berhad | RM1.74 | 0.6% +RM1.2m | 34.9% | PE6.6x |