Malaysian (KLSE) Capital Markets Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies11
- 7D0.3%
- 3M-3.8%
- 1Y-5.2%
- YTD-2.0%
In the last week, Capital Markets has been flat. Unfortunately though, the industry is down 5.0% over the past 12 months. As for the next few years, earnings are expected to grow by 1.9% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | RM8.8b | RM1.8b | RM577.6m | 10x | 15.3x | 5x |
| Mon, 30 Oct 2023 | RM8.7b | RM1.7b | RM462.5m | 18.4x | 18.8x | 5.1x |
| Wed, 27 Sep 2023 | RM9.0b | RM1.7b | RM462.5m | 19.3x | 19.5x | 5.3x |
| Fri, 25 Aug 2023 | RM8.7b | RM1.7b | RM375.2m | 23.8x | 23.3x | 5.2x |
| Sun, 23 Jul 2023 | RM8.6b | RM1.7b | RM358.4m | 24.3x | 23.9x | 5x |
| Tue, 20 Jun 2023 | RM8.4b | RM1.7b | RM358.4m | 23.5x | 23.4x | 4.9x |
| Thu, 18 May 2023 | RM8.4b | RM1.7b | RM370.0m | 23.2x | 22.7x | 4.9x |
| Sat, 15 Apr 2023 | RM8.7b | RM1.7b | RM381.9m | 23x | 22.7x | 5.1x |
| Mon, 13 Mar 2023 | RM8.8b | RM1.7b | RM382.5m | 23.6x | 22.9x | 5.1x |
| Wed, 08 Feb 2023 | RM9.0b | RM1.8b | RM347.0m | 24.6x | 25.9x | 5x |
| Fri, 06 Jan 2023 | RM9.5b | RM1.8b | RM389.9m | 22.4x | 24.3x | 5.2x |
| Sun, 04 Dec 2022 | RM9.6b | RM1.6b | RM389.9m | 23.3x | 24.7x | 5.9x |
| Tue, 01 Nov 2022 | RM9.2b | RM1.9b | RM496.5m | 14.3x | 18.5x | 4.8x |
| Thu, 29 Sep 2022 | RM9.0b | RM1.9b | RM497.2m | 14.8x | 18x | 4.7x |
| Sat, 27 Aug 2022 | RM8.7b | RM2.0b | RM518.7m | 10.9x | 16.7x | 4.3x |
| Mon, 25 Jul 2022 | RM8.7b | RM2.1b | RM452.7m | 10.8x | 19.2x | 4.2x |
| Wed, 22 Jun 2022 | RM8.5b | RM2.1b | RM452.7m | 10x | 18.8x | 4.1x |
| Fri, 20 May 2022 | RM9.2b | RM2.2b | RM527.4m | 9.3x | 17.4x | 4.1x |
| Sun, 17 Apr 2022 | RM9.4b | RM2.3b | RM580.8m | 9.5x | 16.2x | 4.1x |
| Tue, 15 Mar 2022 | RM8.7b | RM2.3b | RM580.8m | 9.1x | 15x | 3.8x |
| Thu, 10 Feb 2022 | RM9.3b | RM2.3b | RM660.7m | 8.5x | 14.1x | 4x |
| Sat, 08 Jan 2022 | RM9.1b | RM2.4b | RM701.0m | 8.8x | 13x | 3.8x |
| Mon, 06 Dec 2021 | RM9.2b | RM2.4b | RM701.0m | 8.9x | 13.1x | 3.8x |
| Wed, 03 Nov 2021 | RM9.8b | RM2.5b | RM760.2m | 8.5x | 12.9x | 3.9x |
| Fri, 01 Oct 2021 | RM9.7b | RM2.6b | RM1.7b | 6.2x | 5.6x | 3.7x |
| Sun, 29 Aug 2021 | RM9.7b | RM2.6b | RM1.7b | 6.3x | 5.7x | 3.7x |
| Mon, 05 Jul 2021 | RM10.1b | RM2.6b | RM1.7b | 6.6x | 5.9x | 3.9x |
| Thu, 08 Apr 2021 | RM11.3b | RM2.6b | RM1.7b | 8.3x | 6.8x | 4.3x |
| Sun, 10 Jan 2021 | RM10.2b | RM2.3b | RM1.6b | 10.7x | 6.4x | 4.4x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are optimistic on the Malaysian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 15.8x.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 32% per year over the last three years,
- Revenues have also declined 4.8% 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 | -0.55% | |
| Financials | -0.074% | |
| Capital Markets | 0.31% | |
| Investment Banking and Brokerage | 0.45% | |
| Financial Exchanges and Data | 0.29% | |
| Diversified Capital Markets | 0% | |
| Asset Management | -0.45% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 1.8%, which is higher than its past year's earnings decline of 0.3% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Financial Exchanges and Data 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MERSEC Mercury Securities Group Berhad | RM0.38 | 5.6% +RM17.9m | n/a | n/a | |
| BURSA Bursa Malaysia Berhad | RM6.75 | 0.3% +RM16.2m | -3.2% | PE22.6x | |
| KENANGA Kenanga Investment Bank Berhad | RM0.89 | 2.3% +RM14.5m | 0% | PE10x | |
| HLCAP Hong Leong Capital Berhad | RM4.74 | 0.9% +RM9.4m | -24.2% | PE19.8x | |
| PEB Pimpinan Ehsan Berhad | RM1.20 | 1.7% +RM1.4m | -4.0% | PE177.3x |