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Malaysian (KLSE) Healthcare Services Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies18
  • 7D-1.3%
  • 3M4.6%
  • 1Y23.7%
  • YTD2.6%

Over the last 7 days, the Healthcare Services industry has dropped 1.3%, driven by declines in IHH Healthcare Berhad and Sunway Healthcare Holdings Berhad of 0.9% and 3.2%, respectively. This takes the industry's 12 month performance to a gain of 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
Mon, 20 Apr 2026RM 118.3bRM 37.8bRM 3.0b23.6x40.1x3.1x
Wed, 18 Mar 2026RM 116.4bRM 37.7bRM 2.9b25.3x39.9x3.1x
Fri, 13 Feb 2026RM 95.7bRM 35.6bRM 2.9b23.8x33.5x2.7x
Sun, 11 Jan 2026RM 93.5bRM 35.6bRM 2.9b25x32.6x2.6x
Tue, 09 Dec 2025RM 92.1bRM 35.4bRM 2.9b24.4x32.3x2.6x
Thu, 06 Nov 2025RM 89.2bRM 30.5bRM 2.7b25.9x33.4x2.9x
Sat, 04 Oct 2025RM 88.2bRM 30.5bRM 2.7b27.5x33x2.9x
Mon, 01 Sep 2025RM 75.4bRM 30.4bRM 2.7b23.8x28.2x2.5x
Wed, 30 Jul 2025RM 73.4bRM 30.1bRM 2.9b22.5x25.7x2.4x
Fri, 27 Jun 2025RM 74.0bRM 30.0bRM 2.8b24.1x26x2.5x
Sun, 25 May 2025RM 77.3bRM 29.6bRM 3.0b24x25.6x2.6x
Tue, 22 Apr 2025RM 76.2bRM 29.6bRM 3.0b23.8x25.2x2.6x
Thu, 20 Mar 2025RM 78.0bRM 29.6bRM 3.0b24.8x25.7x2.6x
Sat, 15 Feb 2025RM 78.9bRM 28.1bRM 3.0b24.3x26.2x2.8x
Mon, 13 Jan 2025RM 76.8bRM 28.1bRM 3.0b25.4x25.4x2.7x
Wed, 11 Dec 2024RM 80.7bRM 28.0bRM 3.0b26.4x26.7x2.9x
Fri, 08 Nov 2024RM 77.4bRM 28.0bRM 3.0b24.5x25.5x2.8x
Sun, 06 Oct 2024RM 77.0bRM 28.0bRM 3.0b24.3x25.4x2.7x
Tue, 03 Sep 2024RM 68.5bRM 28.0bRM 3.0b24.3x22.6x2.4x
Thu, 01 Aug 2024RM 68.0bRM 26.5bRM 2.7b26.1x24.9x2.6x
Sat, 29 Jun 2024RM 68.3bRM 26.5bRM 2.7b27.7x25x2.6x
Mon, 27 May 2024RM 68.5bRM 25.6bRM 3.4b28.1x20.3x2.7x
Wed, 24 Apr 2024RM 68.0bRM 25.5bRM 3.4b27.2x20.1x2.7x
Fri, 22 Mar 2024RM 65.7bRM 25.5bRM 3.4b27x19.4x2.6x
Sun, 18 Feb 2024RM 64.7bRM 25.9bRM 2.8b23.9x23.2x2.5x
Tue, 16 Jan 2024RM 63.4bRM 25.8bRM 2.8b25.2x22.9x2.5x
Thu, 14 Dec 2023RM 61.7bRM 25.8bRM 2.8b25.3x22.3x2.4x
Sat, 11 Nov 2023RM 60.9bRM 23.4bRM 2.4b25.1x25x2.6x
Mon, 09 Oct 2023RM 60.1bRM 23.4bRM 2.4b25.3x24.7x2.6x
Wed, 06 Sep 2023RM 60.9bRM 23.4bRM 2.4b26.3x25x2.6x
Fri, 04 Aug 2023RM 61.5bRM 23.0bRM 2.7b24.9x22.5x2.7x
Sun, 02 Jul 2023RM 60.1bRM 22.9bRM 2.7b24.2x21.9x2.6x
Tue, 30 May 2023RM 59.6bRM 21.8bRM 1.8b28.4x33.2x2.7x
Thu, 27 Apr 2023RM 59.1bRM 21.9bRM 1.8b27.8x32.2x2.7x
Price to Earnings Ratio

32.2x


Total Market Cap: RM 59.1bTotal Earnings: RM 1.8bTotal Revenue: RM 21.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Services Industry Price to Earnings3Y Average 26.6x202420252026
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 40.1x which is higher than its 3-year average PE of 26.6x.
  • 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 Market0.90%
Healthcare-2.06%
Healthcare Services-1.27%
Healthcare Services0.22%
Healthcare Facilities-1.30%
Healthcare Distributors-1.53%
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 0.502.0%
+RM 17.4m		19.0%PE69.2x
CENGILD Cengild Medical BerhadRM 0.212.4%
+RM 4.2m		-16.0%PE15.7x
OPTIMAX Optimax Holdings BerhadRM 0.540.9%
+RM 2.7m		7.0%PE21.1x
SMILE Smile-Link Healthcare Global BerhadRM 0.1110.0%
+RM 2.5m		n/aPS1.2x

Latest News

PMCK
RM 0.20
PMCK Berhad
7D
-4.8%
1Y
n/a

PMCK builds on solid healthcare demand as Kulim expansion and capacity upgrades support long-term growth

PMCK Berhad’s latest quarterly update continues to reflect a healthcare group that is steadily building for the longer term, backed by resilient demand, ongoing service enhancement and a clear expansion roadmap. For Q3 FY2026 , the group recorded revenue of RM22.7 million and profit before tax of RM5.38 million , bringing 9M FY2026 revenue to RM69.88 million and 9M profit before tax to RM14.40 million.
PHARMA
RM 0.24
Pharmaniaga Berhad
7D
-2.0%
1Y
0%
IHH
RM 8.73
IHH Healthcare Berhad
7D
-0.9%
1Y
26.7%

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 0.20
Metro Healthcare Berhad
7D
-2.4%
1Y
0%
KPJ
RM 3.25
KPJ Healthcare Berhad
7D
-0.6%
1Y
19.9%
OPTIMAX
RM 0.54
Optimax Holdings Berhad
7D
0.9%
1Y
7.0%
DCHCARE
RM 0.11
DC Healthcare Holdings Berhad
7D
-8.3%
1Y
-31.3%
TOPVISN
RM 0.15
Topvision Eye Specialist Berhad
7D
-3.2%
1Y
-31.8%
TMCLIFE
RM 0.50
TMC Life Sciences Berhad
7D
2.0%
1Y
19.0%
CENGILD
RM 0.21
Cengild Medical Berhad
7D
2.4%
1Y
-16.0%