I Ran A Stock Scan For Earnings Growth And Hartalega Holdings Berhad (KLSE:HARTA) Passed With Ease
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Has the Malaysian Healthcare Sector valuation changed over the past few years?
|Mon, 24 Jan 2022||RM115.5b||RM66.7b||RM20.6b||15.6x|
|Wed, 22 Dec 2021||RM112.5b||RM66.7b||RM20.6b||15.4x|
|Fri, 19 Nov 2021||RM117.8b||RM67.3b||RM22.6b||20.6x|
|Sun, 17 Oct 2021||RM127.3b||RM66.3b||RM22.3b||21.1x|
|Tue, 14 Sep 2021||RM131.6b||RM64.6b||RM21.7b||24.3x|
|Thu, 12 Aug 2021||RM135.2b||RM65.6b||RM22.3b||24.7x|
|Mon, 07 Jun 2021||RM154.4b||RM57.6b||RM18.1b||23.4x|
|Sun, 28 Feb 2021||RM157.5b||RM50.0b||RM12.7b||27.6x|
|Wed, 02 Dec 2020||RM210.7b||RM42.1b||RM7.0b||26.3x|
|Sat, 05 Sep 2020||RM238.7b||RM36.8b||RM3.2b||45.9x|
|Tue, 09 Jun 2020||RM156.5b||RM35.2b||RM1.8b||28.4x|
|Mon, 02 Mar 2020||RM103.0b||RM34.7b||RM1.9b||20.4x|
|Thu, 05 Dec 2019||RM92.6b||RM34.6b||RM2.4b||20.7x|
|Sun, 08 Sep 2019||RM96.6b||RM33.5b||RM2.1b||19.8x|
|Sat, 01 Jun 2019||RM94.9b||RM32.3b||RM2.2b||20.4x|
|Tue, 05 Mar 2019||RM94.9b||RM31.0b||RM2.2b||18.4x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 23.8x. Given that earnings are expected to decline by 7.3%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the Healthcare industry have grown 112% per year over the last three years, and revenues for these companies have grown 29% 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 Healthcare sector?
Industry PE: Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 46.0x. This is likely because analysts are expecting annual earnings growth of 13%, which is higher than its past year's earnings decline of 0.3% per year. Meanwhile, investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 23.9x.
Forecasted Growth: Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 13% over the next 5 years. This is better than its past earnings decline of 0.3% per year. Meanwhile, the Medical Equipment industry is expected to see its earnings decline by 37% per year over the next few years.
Which companies have driven the market over the last 7 days?
Supermax Corporation Berhad
Hartalega Holdings Berhad
IHH Healthcare Berhad
Top Glove Corporation Bhd
Careplus Group Berhad
Comfort Gloves Berhad
KPJ Healthcare Berhad
Focus Point Holdings Berhad
Rhone Ma Holdings Berhad
Kossan Rubber Industries Bhd
TMC Life Sciences Berhad