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Malaysian (KLSE) Healthcare Services Industry Analysis

UpdatedApr 17, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.0%
  • 3M4.4%
  • 1Y23.7%
  • YTD2.2%

Over the last 7 days, the Healthcare Services industry has dropped 2.1%, driven by pullbacks in IHH Healthcare Berhad and Sunway Healthcare Holdings Berhad of 1.5% and 4.7%, respectively. Over the past 12 months, the industry was up 24%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Malaysian Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Apr 2026RM 117.9bRM 37.8bRM 3.0b23.6x39.9x3.1x
Sun, 15 Mar 2026RM 98.4bRM 35.6bRM 2.7b24.6x36.4x2.8x
Tue, 10 Feb 2026RM 97.4bRM 35.5bRM 2.8b23.5x34.2x2.7x
Thu, 08 Jan 2026RM 93.8bRM 35.6bRM 2.9b24x32.7x2.6x
Sat, 06 Dec 2025RM 91.0bRM 35.4bRM 2.9b24.4x31.9x2.6x
Mon, 03 Nov 2025RM 89.6bRM 30.5bRM 2.7b26.3x33.5x2.9x
Wed, 01 Oct 2025RM 82.9bRM 30.5bRM 2.7b27.3x31x2.7x
Fri, 29 Aug 2025RM 75.4bRM 30.2bRM 2.9b22.9x26.3x2.5x
Sun, 27 Jul 2025RM 74.0bRM 30.1bRM 2.9b22.6x25.9x2.5x
Tue, 24 Jun 2025RM 75.5bRM 30.0bRM 2.8b24.6x26.5x2.5x
Thu, 22 May 2025RM 78.1bRM 29.6bRM 3.0b24.1x25.8x2.6x
Sat, 19 Apr 2025RM 76.2bRM 29.6bRM 3.0b23.6x25.2x2.6x
Mon, 17 Mar 2025RM 77.6bRM 29.6bRM 3.0b24.8x25.6x2.6x
Wed, 12 Feb 2025RM 78.3bRM 28.1bRM 3.0b24.4x25.9x2.8x
Fri, 10 Jan 2025RM 76.5bRM 28.1bRM 3.0b25.1x25.3x2.7x
Sun, 08 Dec 2024RM 79.7bRM 28.0bRM 3.0b25.9x26.4x2.8x
Tue, 05 Nov 2024RM 77.8bRM 28.0bRM 3.0b24.1x25.6x2.8x
Thu, 03 Oct 2024RM 77.3bRM 28.0bRM 3.0b24.6x25.5x2.8x
Sat, 31 Aug 2024RM 67.7bRM 28.0bRM 3.0b24.2x22.3x2.4x
Mon, 29 Jul 2024RM 67.7bRM 26.5bRM 2.7b26.5x24.7x2.6x
Wed, 26 Jun 2024RM 68.0bRM 26.5bRM 2.7b27.7x24.9x2.6x
Fri, 24 May 2024RM 68.4bRM 25.5bRM 3.4b28.7x20.2x2.7x
Sun, 21 Apr 2024RM 66.7bRM 25.5bRM 3.4b26.8x19.7x2.6x
Tue, 19 Mar 2024RM 64.5bRM 25.4bRM 3.3b25.8x19.4x2.5x
Thu, 15 Feb 2024RM 64.5bRM 25.8bRM 2.8b23.9x23.2x2.5x
Sat, 13 Jan 2024RM 63.2bRM 25.8bRM 2.8b24.9x22.8x2.4x
Mon, 11 Dec 2023RM 60.9bRM 25.8bRM 2.8b24.9x22x2.4x
Wed, 08 Nov 2023RM 62.5bRM 23.4bRM 2.4b25.5x25.7x2.7x
Fri, 06 Oct 2023RM 59.5bRM 23.4bRM 2.4b25.9x24.4x2.5x
Sun, 03 Sep 2023RM 60.6bRM 23.4bRM 2.4b26.5x24.9x2.6x
Tue, 01 Aug 2023RM 61.2bRM 23.0bRM 2.7b24.9x22.4x2.7x
Thu, 29 Jun 2023RM 59.5bRM 22.9bRM 2.7b24.9x21.7x2.6x
Sat, 27 May 2023RM 59.7bRM 21.8bRM 1.8b28.7x33.3x2.7x
Mon, 24 Apr 2023RM 58.9bRM 21.9bRM 1.8b28.3x32.1x2.7x
Price to Earnings Ratio

32.1x


Total Market Cap: RM 58.9bTotal Earnings: RM 1.8bTotal Revenue: RM 21.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Services Industry Price to Earnings3Y Average 26.5x202420252026
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 40.0x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 20% 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 industry?

MY Market0.96%
Healthcare-2.29%
Healthcare Services-1.98%
Healthcare Services1.42%
Healthcare Facilities-2.05%
Healthcare Distributors-2.65%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 120x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 2.2% per year.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 13% 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
TMCLIFE TMC Life Sciences BerhadRM 0.503.1%
+RM 26.1m		20.5%PE69.2x
OPTIMAX Optimax Holdings BerhadRM 0.542.9%
+RM 8.1m		10.2%PE21.3x
LACMED LAC Med BerhadRM 0.921.7%
+RM 6.0m		n/aPE16.7x
METRO Metro Healthcare BerhadRM 0.212.4%
+RM 4.9m		5.0%PE35.8x
SMILE Smile-Link Healthcare Global BerhadRM 0.1110.0%
+RM 2.5m		n/aPS1.2x

Latest News

PHARMA
RM 0.24
Pharmaniaga Berhad
7D
-4.0%
1Y
2.1%
LACMED
RM 0.92
LAC Med Berhad
7D
1.7%
1Y
n/a
IHH
RM 8.70
IHH Healthcare Berhad
7D
-1.5%
1Y
27.0%

IHH: Updated Revenue And Margin Assumptions Will Shape Balanced Future Outlook

Analysts have adjusted their price target for IHH Healthcare Berhad slightly higher to MYR9.81 from MYR9.58, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple used in their valuation work. Valuation Changes Fair Value: Adjusted from MYR9.58 to MYR9.81, reflecting a small upward change in the modelled intrinsic value per share.
SMILE
RM 0.11
Smile-Link Healthcare Global Berhad
7D
10.0%
1Y
n/a
METRO
RM 0.21
Metro Healthcare Berhad
7D
2.4%
1Y
5.0%
KPJ
RM 3.22
KPJ Healthcare Berhad
7D
-1.2%
1Y
17.9%
UMC
RM 0.30
UMediC Group Berhad
7D
1.7%
1Y
-23.8%
OPTIMAX
RM 0.54
Optimax Holdings Berhad
7D
2.9%
1Y
10.2%
FOCUSP
RM 0.48
Focus Point Holdings Berhad
7D
-1.0%
1Y
-9.6%
TOPVISN
RM 0.15
Topvision Eye Specialist Berhad
7D
-3.2%
1Y
-31.8%
TMCLIFE
RM 0.50
TMC Life Sciences Berhad
7D
3.1%
1Y
20.5%