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Malaysian (KLSE) Healthcare Sector Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies33
  • 7D1.7%
  • 3M14.9%
  • 1Y-9.9%
  • YTD-10.1%

The Healthcare industry is up 1.7% in the last week, with IHH Healthcare Berhad up 1.3%. Meanwhile, Hong Seng Consolidated Berhad actually underperformed within the industry, shrinking 50% in the last week. In contrast, the industry has lost 9.9% in the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Dec 2025RM 109.3bRM 47.4bRM 3.0b24.4x36.8x2.3x
Thu, 06 Nov 2025RM 107.3bRM 42.7bRM 2.8b24.6x38.3x2.5x
Sat, 04 Oct 2025RM 105.8bRM 42.6bRM 2.7b24.6x38.9x2.5x
Mon, 01 Sep 2025RM 93.3bRM 42.6bRM 2.7b22.6x34.3x2.2x
Wed, 30 Jul 2025RM 93.4bRM 42.4bRM 3.0b24.3x31.3x2.2x
Fri, 27 Jun 2025RM 95.5bRM 42.1bRM 3.0b23.1x32x2.3x
Sun, 25 May 2025RM 101.3bRM 41.6bRM 3.1b22.9x32.2x2.4x
Tue, 22 Apr 2025RM 102.1bRM 41.3bRM 3.2b22.9x32.2x2.5x
Thu, 20 Mar 2025RM 103.9bRM 41.0bRM 3.1b20.6x33.7x2.5x
Sat, 15 Feb 2025RM 114.0bRM 38.9bRM 3.0b21.8x37.4x2.9x
Mon, 13 Jan 2025RM 113.3bRM 39.0bRM 3.1b21.6x37.1x2.9x
Wed, 11 Dec 2024RM 119.6bRM 38.5bRM 3.0b23.3x40x3.1x
Fri, 08 Nov 2024RM 110.9bRM 38.1bRM 3.1b22.9x35.5x2.9x
Sun, 06 Oct 2024RM 106.8bRM 37.7bRM 2.7b23.8x40.1x2.8x
Tue, 03 Sep 2024RM 96.4bRM 37.7bRM 2.7b22.2x36.4x2.6x
Thu, 01 Aug 2024RM 99.6bRM 36.1bRM 2.5b23.8x39.1x2.8x
Sat, 29 Jun 2024RM 101.9bRM 36.1bRM 2.5b23.8x40x2.8x
Mon, 27 May 2024RM 103.0bRM 35.1bRM 2.9b24.8x35.1x2.9x
Wed, 24 Apr 2024RM 96.8bRM 35.0bRM 2.6b20.8x37.7x2.8x
Fri, 22 Mar 2024RM 93.8bRM 35.0bRM 2.6b21.9x36.2x2.7x
Sun, 18 Feb 2024RM 93.8bRM 35.5bRM 1.8b19.6x52.4x2.6x
Tue, 16 Jan 2024RM 93.4bRM 35.5bRM 1.7b23.3x54.7x2.6x
Thu, 14 Dec 2023RM 89.3bRM 35.7bRM 1.6b22.5x55.9x2.5x
Sat, 11 Nov 2023RM 86.1bRM 33.5bRM 1.3b24.4x68.8x2.6x
Mon, 09 Oct 2023RM 84.0bRM 33.7bRM 1.2b22.9x67.5x2.5x
Wed, 06 Sep 2023RM 84.4bRM 34.2bRM 1.6b23.8x51.2x2.5x
Fri, 04 Aug 2023RM 87.1bRM 34.4bRM 1.9b21.8x46.5x2.5x
Sun, 02 Jul 2023RM 83.3bRM 34.6bRM 2.0b21.5x42.1x2.4x
Tue, 30 May 2023RM 88.4bRM 34.4bRM 1.2b25.5x75.4x2.6x
Thu, 27 Apr 2023RM 85.0bRM 35.5bRM 1.5b20.7x57x2.4x
Sat, 25 Mar 2023RM 85.1bRM 35.5bRM 1.5b21.5x57.1x2.4x
Mon, 20 Feb 2023RM 84.7bRM 40.4bRM 2.6b18.2x32.3x2.1x
Wed, 18 Jan 2023RM 84.5bRM 41.6bRM 3.3b19.1x25.8x2x
Fri, 16 Dec 2022RM 82.0bRM 41.6bRM 3.3b18.8x24.9x2x
Price to Earnings Ratio

24.9x


Total Market Cap: RM 82.0bTotal Earnings: RM 3.3bTotal Revenue: RM 41.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Sector Price to Earnings3Y Average 41.8x202320242025
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 36.8x which is lower than its 3-year average PE of 41.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 3.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

MY Market-0.55%
Healthcare1.72%
Medical Equipment3.31%
Healthcare Services1.60%
Pharma0.079%
Healthtech-1.19%
Life Sciences-2.56%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 9.3%, which is higher than its past year's earnings decline of 9.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 9.3% 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 8.532.0%
+RM 1.5b		14.7%PE32.7x
TOPGLOV Top Glove Corporation BhdRM 0.639.6%
+RM 441.0m		-54.0%PE38.2x
KPJ KPJ Healthcare BerhadRM 2.663.5%
+RM 392.8m		6.4%PE33.3x
HARTA Hartalega Holdings BerhadRM 1.055.5%
+RM 187.7m		-73.1%PE55.2x
KOSSAN Kossan Rubber Industries BhdRM 1.176.4%
+RM 177.0m		-56.2%PE22.6x

Latest News

UMC
RM 0.33
UMediC Group Berhad
7D
-5.7%
1Y
-48.0%
HONGSENG
RM 0.005
Hong Seng Consolidated Berhad
7D
-50.0%
1Y
-50.0%

Statutory Earnings May Not Be The Best Way To Understand Hong Seng Consolidated Berhad's (KLSE:HONGSENG) True Position

Dec 05
Statutory Earnings May Not Be The Best Way To Understand Hong Seng Consolidated Berhad's (KLSE:HONGSENG) True Position
SUPERMX
RM 0.36
Supermax Corporation Berhad
7D
2.8%
1Y
-59.4%
YSPSAH
RM 2.11
Y.S.P. Southeast Asia Holding Berhad
7D
-2.3%
1Y
-8.7%
IHH
RM 8.53
IHH Healthcare Berhad
7D
2.0%
1Y
14.7%

IHH: Future Margins And Payout Will Sustain A Balanced Outlook

Analysts have raised their price target for IHH Healthcare Berhad from RM8.53 to RM8.86, citing modest improvements in fair value estimates and profit margins, despite slightly lower revenue growth assumptions. Valuation Changes The Fair Value Estimate has increased slightly from MYR8.53 to MYR8.86 per share.
KOSSAN
RM 1.17
Kossan Rubber Industries Bhd
7D
6.4%
1Y
-56.2%
PLABS
RM 0.23
PeterLabs Holdings Berhad
7D
-11.8%
1Y
28.6%
FOCUSP
RM 0.49
Focus Point Holdings Berhad
7D
-2.0%
1Y
-17.8%

Focus Point Holdings Berhad's (KLSE:FOCUSP) Conservative Accounting Might Explain Soft Earnings

Nov 27
Focus Point Holdings Berhad's (KLSE:FOCUSP) Conservative Accounting Might Explain Soft Earnings
AHEALTH
RM 2.57
Apex Healthcare Berhad
7D
-0.4%
1Y
4.0%
KPJ
RM 2.66
KPJ Healthcare Berhad
7D
3.5%
1Y
6.4%

KPJ Healthcare Berhad (KLSE:KPJ) Will Pay A Larger Dividend Than Last Year At MYR0.0123

Nov 24
KPJ Healthcare Berhad (KLSE:KPJ) Will Pay A Larger Dividend Than Last Year At MYR0.0123
TMCLIFE
RM 0.45
TMC Life Sciences Berhad
7D
2.3%
1Y
-11.0%
HARTA
RM 1.05
Hartalega Holdings Berhad
7D
5.5%
1Y
-73.1%

Time To Worry? Analysts Are Downgrading Their Hartalega Holdings Berhad (KLSE:HARTA) Outlook

Nov 12
Time To Worry? Analysts Are Downgrading Their Hartalega Holdings Berhad (KLSE:HARTA) Outlook
KOTRA
RM 4.14
Kotra Industries Berhad
7D
-1.4%
1Y
-8.8%
TOPGLOV
RM 0.63
Top Glove Corporation Bhd
7D
9.6%
1Y
-54.0%

Top Glove Corporation Bhd (KLSE:TOPGLOV) Seems To Use Debt Rather Sparingly

Oct 30
Top Glove Corporation Bhd (KLSE:TOPGLOV) Seems To Use Debt Rather Sparingly
ALPHA
RM 0.30
Alpha IVF Group Berhad
7D
-1.6%
1Y
-10.4%
PMCK
RM 0.20
PMCK Berhad
7D
5.4%
1Y
n/a