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Malaysian (KLSE) Healthcare Sector Analysis

UpdatedApr 16, 2025
DataAggregated Company Financials
Companies30
  • 7D2.6%
  • 3M-9.1%
  • 1Y6.7%
  • YTD-14.8%

Over the last 7 days, the Healthcare industry has risen 4.2%, driven by gains in IHH Healthcare Berhad and Hartalega Holdings Berhad of 1.2% and 9.1%, respectively. During this same period, the Focus Point Holdings Berhad underperformed, falling 5.3%. In the last 12 months, the industry was up 6.9%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Malaysian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Apr 2025RM 101.1bRM 41.3bRM 3.2b20.8x31.9x2.4x
Fri, 14 Mar 2025RM 102.3bRM 41.0bRM 3.1b20.5x33.1x2.5x
Sun, 09 Feb 2025RM 114.2bRM 38.7bRM 3.0b22.6x37.7x3x
Tue, 07 Jan 2025RM 118.7bRM 39.0bRM 3.1b22.4x38.8x3x
Thu, 05 Dec 2024RM 115.7bRM 38.5bRM 3.0b22.9x38.7x3x
Sat, 02 Nov 2024RM 109.6bRM 38.1bRM 3.1b22.7x35.1x2.9x
Mon, 30 Sep 2024RM 106.6bRM 37.7bRM 2.7b23.6x40x2.8x
Wed, 28 Aug 2024RM 96.9bRM 36.3bRM 2.3b23.9x41.4x2.7x
Fri, 26 Jul 2024RM 102.5bRM 36.1bRM 2.5b23.7x40.2x2.8x
Sun, 23 Jun 2024RM 101.8bRM 36.1bRM 2.5b23.4x40x2.8x
Tue, 21 May 2024RM 105.4bRM 35.0bRM 2.6b22.7x41.2x3x
Thu, 18 Apr 2024RM 95.0bRM 35.0bRM 2.6b21.2x37x2.7x
Sat, 16 Mar 2024RM 91.7bRM 34.9bRM 2.4b20.9x38.2x2.6x
Mon, 12 Feb 2024RM 92.8bRM 35.5bRM 1.8b19.2x52.5x2.6x
Wed, 10 Jan 2024RM 95.1bRM 35.5bRM 1.7b23.4x55.7x2.7x
Fri, 08 Dec 2023RM 86.8bRM 35.7bRM 1.6b21.6x53.7x2.4x
Sun, 05 Nov 2023RM 85.4bRM 33.7bRM 1.3b24.8x67.8x2.5x
Tue, 03 Oct 2023RM 83.8bRM 34.2bRM 1.7b23.2x50.8x2.5x
Thu, 31 Aug 2023RM 84.5bRM 34.3bRM 1.8b23.3x47.8x2.5x
Sat, 29 Jul 2023RM 85.9bRM 34.4bRM 1.9b21.5x45.4x2.5x
Mon, 26 Jun 2023RM 84.0bRM 34.6bRM 2.0b21.3x42.5x2.4x
Wed, 24 May 2023RM 90.9bRM 34.4bRM 1.2b21.5x75.2x2.6x
Fri, 21 Apr 2023RM 85.2bRM 35.5bRM 1.5b20.7x57.1x2.4x
Sun, 19 Mar 2023RM 84.4bRM 35.5bRM 1.5b20.2x56.6x2.4x
Tue, 14 Feb 2023RM 82.5bRM 41.1bRM 2.9b15.9x28x2x
Thu, 12 Jan 2023RM 83.8bRM 41.6bRM 3.3b19.4x25.6x2x
Sat, 10 Dec 2022RM 84.3bRM 42.5bRM 3.6b20.2x23.1x2x
Mon, 07 Nov 2022RM 84.5bRM 46.2bRM 5.5b12.8x15.4x1.8x
Wed, 05 Oct 2022RM 79.3bRM 46.9bRM 6.0b12.1x13.2x1.7x
Fri, 02 Sep 2022RM 84.9bRM 47.9bRM 6.5b12.9x13x1.8x
Sun, 31 Jul 2022RM 93.7bRM 52.7bRM 9.5b14.3x9.8x1.8x
Tue, 28 Jun 2022RM 91.2bRM 54.1bRM 10.4b13x8.7x1.7x
Thu, 26 May 2022RM 101.1bRM 58.2bRM 13.5b14.8x7.5x1.7x
Sat, 23 Apr 2022RM 108.2bRM 60.8bRM 15.7b14.1x6.9x1.8x
Price to Earnings Ratio

6.9x


Total Market Cap: RM 108.2bTotal Earnings: RM 15.7bTotal Revenue: RM 60.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Sector Price to Earnings3Y Average 37x202320242025
Current Industry PE
  • Investors are pessimistic on the Malaysian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 31.9x which is lower than its 3-year average PE of 37.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 41% 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 Healthcare sector?

MY Market3.65%
Healthcare2.58%
Medical Equipment6.28%
Pharma1.98%
Healthcare Services1.59%
Life Sciences0%0
Healthtech-5.00%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 3.0%, which is higher than its past year's earnings decline of 7.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 55% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 3.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IHH IHH Healthcare BerhadRM 6.811.2%
+RM 705.8m		11.6%PE22.6x
HARTA Hartalega Holdings BerhadRM 2.169.1%
+RM 614.4m		-17.9%PE98.4x
KPJ KPJ Healthcare BerhadRM 2.703.4%
+RM 392.8m		44.4%PE35.6x
TOPGLOV Top Glove Corporation BhdRM 0.865.5%
+RM 360.8m		8.1%PE86.9x
KOSSAN Kossan Rubber Industries BhdRM 1.804.0%
+RM 178.0m		-14.3%PE38.1x
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Latest News

IHH

RM 6.81

IHH Healthcare Berhad

7D

1.2%

1Y

11.6%

Some Shareholders Feeling Restless Over IHH Healthcare Berhad's (KLSE:IHH) P/E Ratio

Apr 15
Some Shareholders Feeling Restless Over IHH Healthcare Berhad's (KLSE:IHH) P/E Ratio

TMCLIFE

RM 0.41

TMC Life Sciences Berhad

7D

9.2%

1Y

-39.9%

KOSSAN

RM 1.80

Kossan Rubber Industries Bhd

7D

4.0%

1Y

-14.3%

Investors Could Be Concerned With Kossan Rubber Industries Bhd's (KLSE:KOSSAN) Returns On Capital

Apr 02
Investors Could Be Concerned With Kossan Rubber Industries Bhd's (KLSE:KOSSAN) Returns On Capital

HARTA

RM 2.16

Hartalega Holdings Berhad

7D

9.1%

1Y

-17.9%

Estimating The Intrinsic Value Of Hartalega Holdings Berhad (KLSE:HARTA)

Mar 28
Estimating The Intrinsic Value Of Hartalega Holdings Berhad (KLSE:HARTA)

KPJ

RM 2.70

KPJ Healthcare Berhad

7D

3.4%

1Y

44.4%

TOPGLOV

RM 0.86

Top Glove Corporation Bhd

7D

5.5%

1Y

8.1%

Additional Considerations Required While Assessing Top Glove Corporation Bhd's (KLSE:TOPGLOV) Strong Earnings

Mar 27
Additional Considerations Required While Assessing Top Glove Corporation Bhd's (KLSE:TOPGLOV) Strong Earnings

SUPERMX

RM 0.82

Supermax Corporation Berhad

7D

5.8%

1Y

21.5%

Supermax Corporation Berhad's (KLSE:SUPERMX) 26% Cheaper Price Remains In Tune With Revenues

Mar 10
Supermax Corporation Berhad's (KLSE:SUPERMX) 26% Cheaper Price Remains In Tune With Revenues

FOCUSP

RM 0.72

Focus Point Holdings Berhad

7D

-5.3%

1Y

1.4%

ONEGLOVE

RM 0.19

One Glove Group Berhad

7D

-5.0%

1Y

-24.0%

PHARMA

RM 0.24

Pharmaniaga Berhad

7D

11.6%

1Y

-28.4%

UCREST

RM 0.095

UCrest Berhad

7D

-5.0%

1Y

-13.6%