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Apr 18
Malaysian (KLSE) Healthcare Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies29
- 7D-0.7%
- 3M1.5%
- 1Y9.5%
- YTD2.4%
In the last week, Healthcare has been flat. The past year has been better, since the industry has gained 9.5% in that time. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Malaysian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | RM95.0b | RM35.0b | RM2.6b | 21x | 37x | 2.7x |
| Thu, 21 Mar 2024 | RM92.5b | RM34.9b | RM2.4b | 20.8x | 38.5x | 2.6x |
| Sat, 17 Feb 2024 | RM93.8b | RM35.5b | RM1.8b | 19.6x | 53x | 2.6x |
| Mon, 15 Jan 2024 | RM93.7b | RM35.5b | RM1.7b | 23.2x | 54.8x | 2.6x |
| Wed, 13 Dec 2023 | RM87.1b | RM35.7b | RM1.6b | 21.9x | 54.5x | 2.4x |
| Fri, 10 Nov 2023 | RM87.2b | RM33.5b | RM1.3b | 24.6x | 69.6x | 2.6x |
| Sun, 08 Oct 2023 | RM84.0b | RM33.7b | RM1.2b | 22.9x | 67.5x | 2.5x |
| Tue, 05 Sep 2023 | RM84.2b | RM34.2b | RM1.6b | 24.1x | 51.1x | 2.5x |
| Thu, 03 Aug 2023 | RM87.1b | RM34.4b | RM1.9b | 21.9x | 46.5x | 2.5x |
| Sat, 01 Jul 2023 | RM83.3b | RM34.6b | RM2.0b | 21.5x | 42.1x | 2.4x |
| Mon, 29 May 2023 | RM88.8b | RM34.4b | RM1.2b | 25.8x | 75.7x | 2.6x |
| Wed, 26 Apr 2023 | RM85.2b | RM35.5b | RM1.5b | 21x | 57.1x | 2.4x |
| Fri, 24 Mar 2023 | RM86.2b | RM35.5b | RM1.5b | 21.6x | 57.8x | 2.4x |
| Sun, 19 Feb 2023 | RM84.7b | RM40.4b | RM2.6b | 18.2x | 32.3x | 2.1x |
| Tue, 17 Jan 2023 | RM84.4b | RM41.6b | RM3.3b | 19.1x | 25.7x | 2x |
| Thu, 15 Dec 2022 | RM83.0b | RM42.5b | RM3.6b | 20.4x | 22.8x | 2x |
| Sat, 12 Nov 2022 | RM86.7b | RM44.7b | RM4.6b | 18.6x | 18.8x | 1.9x |
| Mon, 10 Oct 2022 | RM78.9b | RM46.9b | RM6.0b | 12.1x | 13.1x | 1.7x |
| Wed, 07 Sep 2022 | RM84.7b | RM47.9b | RM6.5b | 12x | 13x | 1.8x |
| Fri, 05 Aug 2022 | RM95.0b | RM52.7b | RM9.5b | 14.3x | 9.9x | 1.8x |
| Sun, 03 Jul 2022 | RM94.9b | RM54.3b | RM10.6b | 13.8x | 9x | 1.7x |
| Tue, 31 May 2022 | RM101.6b | RM56.8b | RM12.5b | 13.7x | 8.2x | 1.8x |
| Thu, 28 Apr 2022 | RM106.7b | RM60.8b | RM15.7b | 13.9x | 6.8x | 1.8x |
| Sat, 26 Mar 2022 | RM109.3b | RM60.8b | RM15.7b | 13.7x | 6.9x | 1.8x |
| Mon, 21 Feb 2022 | RM111.9b | RM65.3b | RM19.6b | 16.4x | 5.7x | 1.7x |
| Wed, 19 Jan 2022 | RM116.7b | RM66.7b | RM20.6b | 15.7x | 5.7x | 1.8x |
| Fri, 17 Dec 2021 | RM111.0b | RM66.7b | RM20.6b | 15.1x | 5.4x | 1.7x |
| Sun, 14 Nov 2021 | RM119.3b | RM67.2b | RM22.7b | 20.6x | 5.3x | 1.8x |
| Tue, 12 Oct 2021 | RM126.2b | RM66.3b | RM22.3b | 21.2x | 5.7x | 1.9x |
| Thu, 09 Sep 2021 | RM134.8b | RM64.6b | RM21.7b | 25x | 6.2x | 2.1x |
| Sat, 07 Aug 2021 | RM131.7b | RM65.6b | RM22.3b | 24.6x | 5.9x | 2x |
| Fri, 30 Apr 2021 | RM168.8b | RM55.1b | RM16.4b | 24.1x | 10.3x | 3.1x |
Price to Earnings Ratio
10.3x
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 37.0x which is higher than its 3-year average PE of 26.9x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 46% per year over the last three years,
- Revenues have also declined 14% 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 Market | -1.15% | |
| Healthcare | -0.72% | |
| Biotech | 0% | |
| Healthcare Services | -0.019% | |
| Life Sciences | -1.18% | |
| Pharma | -1.57% | |
| Medical Equipment | -2.46% | |
| Healthtech | -13.04% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 30.0x.
- Analysts are expecting annual earnings decline of 8.3%, which is worse than the prior year's decline of 2.9%.
Forecasted Growth
- Analysts are most optimistic on the Life Sciences industry, expecting annual earnings growth of 140% over the next 5 years.
- In contrast, the Pharma industry is expected to see its earnings decline by 19% per year 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 | |
|---|---|---|---|---|---|
| IHH IHH Healthcare Berhad | RM6.24 | 2.3% +RM1.2b | 8.3% | PE18.6x | |
| KPJ KPJ Healthcare Berhad | RM1.96 | 4.8% +RM392.8m | 67.5% | PE30.4x | |
| TOPGLOV Top Glove Corporation Bhd | RM0.84 | 5.6% +RM360.4m | -15.5% | PS3.3x | |
| HARTA Hartalega Holdings Berhad | RM2.68 | 1.9% +RM170.7m | 34.0% | PS5x | |
| AHEALTH Apex Healthcare Berhad | RM3.04 | 3.4% +RM71.9m | 14.0% | PE5.5x |
