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Malaysian (KLSE) Healthcare Services Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies18
  • 7D0.3%
  • 3M5.5%
  • 1Y25.8%
  • YTD6.9%

Over the last 7 days, the Healthcare Services industry has remained flat, although notably Sunway Healthcare Holdings Berhad gained 10.0%. The past year has been better, since the industry has gained 26% in that time. Looking forward, 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
Tue, 31 Mar 2026RM 123.2bRM 37.8bRM 3.0b24.2x41.7x3.3x
Thu, 26 Feb 2026RM 98.5bRM 35.6bRM 2.9b23.6x34.4x2.8x
Sat, 24 Jan 2026RM 94.4bRM 35.6bRM 2.9b24.5x32.9x2.7x
Mon, 22 Dec 2025RM 93.0bRM 35.6bRM 2.9b23.5x32.4x2.6x
Wed, 19 Nov 2025RM 89.7bRM 34.4bRM 2.7b25.4x33x2.6x
Fri, 17 Oct 2025RM 87.7bRM 30.5bRM 2.7b27.9x32.8x2.9x
Sun, 14 Sep 2025RM 79.0bRM 30.5bRM 2.7b25.2x29.5x2.6x
Tue, 12 Aug 2025RM 78.1bRM 30.1bRM 2.9b24.2x27.3x2.6x
Thu, 10 Jul 2025RM 74.1bRM 30.1bRM 2.9b23.1x25.9x2.5x
Sat, 07 Jun 2025RM 76.2bRM 30.0bRM 2.8b24.6x26.8x2.5x
Mon, 05 May 2025RM 78.7bRM 29.6bRM 3.0b24x26x2.7x
Wed, 02 Apr 2025RM 76.5bRM 29.6bRM 3.0b25.3x25.3x2.6x
Fri, 28 Feb 2025RM 79.2bRM 28.1bRM 3.0b23.7x26.3x2.8x
Sun, 26 Jan 2025RM 77.4bRM 28.1bRM 3.0b24.5x25.6x2.8x
Tue, 24 Dec 2024RM 76.5bRM 28.1bRM 3.0b25.5x25.3x2.7x
Thu, 21 Nov 2024RM 78.0bRM 28.1bRM 3.0b27.6x25.8x2.8x
Sat, 19 Oct 2024RM 76.8bRM 28.0bRM 3.0b24.6x25.3x2.7x
Mon, 16 Sep 2024RM 72.5bRM 28.0bRM 3.0b24.5x23.9x2.6x
Wed, 14 Aug 2024RM 67.8bRM 26.5bRM 2.7b24.7x24.8x2.6x
Fri, 12 Jul 2024RM 68.6bRM 26.5bRM 2.7b27.3x25.1x2.6x
Sun, 09 Jun 2024RM 67.8bRM 26.5bRM 2.7b27.5x24.8x2.6x
Tue, 07 May 2024RM 68.6bRM 25.5bRM 3.4b27.5x20.3x2.7x
Thu, 04 Apr 2024RM 66.1bRM 25.5bRM 3.4b28.5x19.5x2.6x
Sat, 02 Mar 2024RM 64.3bRM 26.8bRM 3.3b24.6x19.3x2.4x
Mon, 29 Jan 2024RM 64.0bRM 25.8bRM 2.8b24.3x23.1x2.5x
Wed, 27 Dec 2023RM 62.6bRM 25.8bRM 2.8b25.1x22.6x2.4x
Fri, 24 Nov 2023RM 60.7bRM 23.4bRM 2.4b25.3x24.8x2.6x
Sun, 22 Oct 2023RM 61.2bRM 23.4bRM 2.4b24.8x25.2x2.6x
Tue, 19 Sep 2023RM 61.4bRM 23.4bRM 2.4b25.9x25.2x2.6x
Thu, 17 Aug 2023RM 61.8bRM 23.0bRM 2.7b25.5x22.6x2.7x
Sat, 15 Jul 2023RM 59.7bRM 23.0bRM 2.7b24x21.8x2.6x
Mon, 12 Jun 2023RM 58.7bRM 22.9bRM 2.7b24.7x21.4x2.6x
Wed, 10 May 2023RM 60.3bRM 21.9bRM 1.8b27.7x32.8x2.8x
Fri, 07 Apr 2023RM 59.2bRM 21.9bRM 1.8b28.9x32.3x2.7x
Price to Earnings Ratio

32.3x


Total Market Cap: RM 59.2bTotal Earnings: RM 1.8bTotal Revenue: RM 21.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Services Industry Price to Earnings3Y Average 26.4x202420252026
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 41.7x which is higher than its 3-year average PE of 26.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
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 Market-1.70%
Healthcare1.30%
Healthcare Services0.32%
Healthcare Facilities0.53%
Healthcare Services-4.52%
Healthcare Distributors-4.59%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 25.8x.
    • 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
SUNMED Sunway Healthcare Holdings BerhadRM 2.0910.0%
+RM 2.2b		n/aPE95.3x
LACMED LAC Med BerhadRM 0.832.5%
+RM 8.0m		n/aPE15.2x
PMCK PMCK BerhadRM 0.202.5%
+RM 5.5m		n/aPE19.7x

Latest News

SMILE
RM 0.07
Smile-Link Healthcare Global Berhad
7D
-41.7%
1Y
n/a
PMCK
RM 0.20
PMCK Berhad
7D
2.5%
1Y
n/a

Sunway Healthcare’s valuation spike may shine light on smaller healthcare names like PMCK

Sunway Healthcare’s listing has clearly reset the market’s valuation benchmark for private healthcare counters in Malaysia. At IPO, Sunway Healthcare was already being priced at around RM16.7 billion market capitalisation , equivalent to about 64.8 times FY2024 earnings , and after its strong debut its market value reportedly rose further to around RM21.3 billion.
IHH
RM 8.90
IHH Healthcare Berhad
7D
-1.4%
1Y
28.6%

IHH: Updated Growth And Margin Assumptions Will Support Balanced Future Outlook

Analysts have raised their price target for IHH Healthcare Berhad from MYR9.46 to MYR9.58, citing updated assumptions on revenue growth, profit margins, and a slightly lower future P/E multiple. Valuation Changes Fair Value: Revised slightly higher from MYR9.46 to MYR9.58 per share.
KPJ
RM 3.36
KPJ Healthcare Berhad
7D
-2.6%
1Y
26.3%
UMC
RM 0.29
UMediC Group Berhad
7D
-9.4%
1Y
-34.8%
LACMED
RM 0.83
LAC Med Berhad
7D
2.5%
1Y
n/a
ALPHA
RM 0.27
Alpha IVF Group Berhad
7D
-5.4%
1Y
-18.5%
TMCLIFE
RM 0.48
TMC Life Sciences Berhad
7D
-4.0%
1Y
17.1%
CENGILD
RM 0.21
Cengild Medical Berhad
7D
-6.7%
1Y
-17.6%
PHARMA
RM 0.24
Pharmaniaga Berhad
7D
-5.8%
1Y
4.3%