Do Insas Berhad's (KLSE:INSAS) Earnings Warrant Your Attention?
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Has the Malaysian Capital Markets Industry valuation changed over the past few years?
|Mon, 29 Nov 2021||RM9.3b||RM2.5b||RM759.4m||8.5x|
|Wed, 27 Oct 2021||RM10.3b||RM2.6b||RM802.2m||7.2x|
|Fri, 24 Sep 2021||RM9.7b||RM2.6b||RM1.7b||6.2x|
|Sun, 22 Aug 2021||RM9.5b||RM2.6b||RM1.7b||5.8x|
|Fri, 09 Jul 2021||RM10.1b||RM2.6b||RM1.7b||6.6x|
|Thu, 01 Apr 2021||RM11.3b||RM2.6b||RM1.7b||8.3x|
|Sun, 03 Jan 2021||RM10.2b||RM2.3b||RM1.6b||10.7x|
|Wed, 07 Oct 2020||RM10.9b||RM2.0b||RM1.6b||8.8x|
|Tue, 30 Jun 2020||RM9.7b||RM1.6b||RM725.8m||22.8x|
|Fri, 03 Apr 2020||RM7.5b||RM1.5b||RM516.1m||21.5x|
|Mon, 06 Jan 2020||RM8.8b||RM1.4b||RM543.7m||18.4x|
|Thu, 10 Oct 2019||RM8.7b||RM1.4b||RM414.7m||23.6x|
|Wed, 03 Jul 2019||RM9.5b||RM1.4b||RM373.1m||23.7x|
|Sat, 06 Apr 2019||RM9.4b||RM1.4b||RM458.0m||28.1x|
|Tue, 08 Jan 2019||RM9.3b||RM1.4b||RM441.9m||24.7x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 8.5x which is lower than its 3-year average PE of 17.8x. Given that earnings are expected to decline by 14%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the Capital Markets industry have grown 25% per year over the last three years, and revenues for these companies have grown 17% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Malaysian Capital Markets industry?
|Financial Exchanges and Data||-1.52%|
|Investment Banking and Brokerage||-3.41%|
Industry PE: Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 22.6x. However analysts are expecting annual earnings decline of 14%, which is lower than the prior year's growth of 24% per year. So the market might believe that analysts are underestimating future growth or they expect the Financial Exchanges and Data industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 906x.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Financial Exchanges and Data industry since they expect its earnings to decline by only 14% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 24% per year.
Which companies have driven the market over the last 7 days?
|No data available|
ECM Libra Group Berhad
Bursa Malaysia Berhad
Hong Leong Capital Berhad
Apex Equity Holdings Berhad
Kenanga Investment Bank Berhad
Kuchai Development Berhad
OSK Ventures International Berhad