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Malaysian (KLSE) Healthcare Sector Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies35
  • 7D1.9%
  • 3M5.9%
  • 1Y12.4%
  • YTD5.1%

Sunway Healthcare Holdings Berhad is up 4.3%, leading the way for the Healthcare industry, which has gained 1.9%. Meanwhile, LAC Med Berhad actually underperformed within the industry, shrinking 7.2% in the last week. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026RM 137.1bRM 48.6bRM 3.0b22.2x46.3x2.8x
Sun, 22 Mar 2026RM 136.9bRM 48.6bRM 3.0b22.8x46.3x2.8x
Tue, 17 Feb 2026RM 111.1bRM 46.4bRM 2.9b22.6x38x2.4x
Thu, 15 Jan 2026RM 110.3bRM 47.5bRM 3.0b25.7x36.9x2.3x
Sat, 13 Dec 2025RM 110.6bRM 47.5bRM 3.0b23.3x37x2.3x
Mon, 10 Nov 2025RM 106.9bRM 42.7bRM 2.8b24x38.1x2.5x
Wed, 08 Oct 2025RM 106.0bRM 42.6bRM 2.7b23.4x39x2.5x
Fri, 05 Sep 2025RM 93.5bRM 42.6bRM 2.7b22.6x34.4x2.2x
Sun, 03 Aug 2025RM 94.6bRM 42.4bRM 3.0b24.1x31.7x2.2x
Tue, 01 Jul 2025RM 96.8bRM 42.3bRM 3.0b23.1x32.6x2.3x
Thu, 29 May 2025RM 101.5bRM 41.6bRM 3.1b22.9x32.2x2.4x
Sat, 26 Apr 2025RM 101.9bRM 41.3bRM 3.2b22.8x32.2x2.5x
Mon, 24 Mar 2025RM 101.4bRM 1.0tRM 79.6b21.3x1.3x0.1x
Wed, 19 Feb 2025RM 108.6bRM 38.9bRM 3.0b22.5x35.7x2.8x
Fri, 17 Jan 2025RM 112.0bRM 39.0bRM 3.1b20.8x36.7x2.9x
Sun, 15 Dec 2024RM 117.0bRM 38.5bRM 3.0b22.7x39.1x3x
Tue, 12 Nov 2024RM 109.2bRM 38.1bRM 3.1b21.7x34.9x2.9x
Thu, 10 Oct 2024RM 107.9bRM 37.7bRM 2.7b23.6x40.5x2.9x
Sat, 07 Sep 2024RM 98.7bRM 37.7bRM 2.7b21.9x37.2x2.6x
Mon, 05 Aug 2024RM 97.3bRM 36.1bRM 2.5b23.6x38.2x2.7x
Wed, 03 Jul 2024RM 102.3bRM 36.1bRM 2.5b23.8x40.2x2.8x
Fri, 31 May 2024RM 100.1bRM 35.9bRM 2.4b23.4x42.1x2.8x
Sun, 28 Apr 2024RM 97.1bRM 35.0bRM 2.6b21.5x37.9x2.8x
Tue, 26 Mar 2024RM 93.7bRM 35.0bRM 2.6b21.9x36.5x2.7x
Thu, 22 Feb 2024RM 93.8bRM 35.5bRM 1.9b18.8x50.6x2.6x
Sat, 20 Jan 2024RM 92.9bRM 35.5bRM 1.7b22.8x54.4x2.6x
Mon, 18 Dec 2023RM 91.4bRM 35.7bRM 1.6b23x57.2x2.6x
Wed, 15 Nov 2023RM 86.0bRM 33.5bRM 1.3b24.5x68.6x2.6x
Fri, 13 Oct 2023RM 85.1bRM 33.7bRM 1.3b23.6x68.1x2.5x
Sun, 10 Sep 2023RM 85.1bRM 34.2bRM 1.6b23.8x51.6x2.5x
Tue, 08 Aug 2023RM 86.3bRM 34.4bRM 1.9b21.6x46x2.5x
Thu, 06 Jul 2023RM 83.8bRM 34.6bRM 2.0b21.3x42.5x2.4x
Sat, 03 Jun 2023RM 87.2bRM 35.6bRM 2.1b20.8x41.1x2.5x
Mon, 01 May 2023RM 84.0bRM 35.2bRM 1.4b21.5x60.7x2.4x
Price to Earnings Ratio

60.7x


Total Market Cap: RM 84.0bTotal Earnings: RM 1.4bTotal Revenue: RM 35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Sector Price to Earnings3Y Average 42.2x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 46.3x which is higher than its 3-year average PE of 42.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Malaysian Healthcare sector?

MY Market1.52%
Healthcare1.86%
Healthcare Services2.04%
Healthtech1.27%
Medical Equipment0.86%
Life Sciences0%0
Pharma-1.13%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings decline of 2.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Pharma industry is expected to see its earnings grow by 8.6% 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
SUNMED Sunway Healthcare Holdings BerhadRM 1.924.3%
+RM 920.0m		n/aPE87.5x
IHH IHH Healthcare BerhadRM 8.821.0%
+RM 795.3m		28.4%PE37.1x
KPJ KPJ Healthcare BerhadRM 3.301.5%
+RM 221.3m		21.3%PE39.9x
HARTA Hartalega Holdings BerhadRM 1.140.9%
+RM 34.1m		-47.0%PE50.4x
PHARMA Pharmaniaga BerhadRM 0.242.1%
+RM 32.8m		-7.5%PE33.1x

Latest News

COMFORT
RM 0.15
Comfort Gloves Berhad
7D
-3.2%
1Y
-53.1%
IHH
RM 8.82
IHH Healthcare Berhad
7D
1.0%
1Y
28.4%
LACMED
RM 0.84
LAC Med Berhad
7D
-7.2%
1Y
n/a
ALPHA
RM 0.27
Alpha IVF Group Berhad
7D
1.9%
1Y
-7.0%

Alpha IVF: Has the market become too focused on short-term expansion costs and missed the longer-term value?

Alpha IVF Group Berhad is starting to look like one of those healthcare counters where the market may be undervaluing the business in P/E terms by focusing too much on near-term margin pressure and not enough on its medium-term earnings power. At current valuation levels, the stock does not appear excessively demanding for a company that is still profitable, generates strong returns, and is expanding its footprint across Southeast Asia.
PHARMA
RM 0.24
Pharmaniaga Berhad
7D
2.1%
1Y
-7.5%
HARTA
RM 1.14
Hartalega Holdings Berhad
7D
0.9%
1Y
-47.0%
SUPERMX
RM 0.32
Supermax Corporation Berhad
7D
1.6%
1Y
-59.2%
ADVENTA
RM 0.14
Adventa Berhad
7D
-6.9%
1Y
-37.2%
KOSSAN
RM 1.11
Kossan Rubber Industries Bhd
7D
-0.9%
1Y
-36.9%
SMILE
RM 0.09
Smile-Link Healthcare Global Berhad
7D
-18.2%
1Y
n/a
KPJ
RM 3.30
KPJ Healthcare Berhad
7D
1.5%
1Y
21.3%
UMC
RM 0.29
UMediC Group Berhad
7D
-4.9%
1Y
-31.0%
PLABS
RM 0.26
PeterLabs Holdings Berhad
7D
18.6%
1Y
-10.5%
CENGILD
RM 0.20
Cengild Medical Berhad
7D
-2.4%
1Y
-18.0%