Fewer Investors Than Expected Jumping On Top Glove Corporation Bhd. (KLSE:TOPGLOV)
Sep 03
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Malaysian (KLSE) Medical Equipment Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies9
- 7D-0.4%
- 3M-20.5%
- 1Y-44.7%
- YTD-61.3%
In the last week, the Medical Equipment industry is up 1.5%, with Kossan Rubber Industries Bhd up 1.7%. In the past year, the industry is down 49%. Earnings are forecast to grow by 49% annually.
Industry Valuation and Performance
Has the Malaysian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | RM 13.7b | RM 9.3b | -RM 180,196,258.00 | 49.5x | -76.1x | 1.5x |
| Sat, 23 Aug 2025 | RM 14.0b | RM 9.4b | -RM 126,818,643.00 | 50.4x | -110.6x | 1.5x |
| Mon, 21 Jul 2025 | RM 16.0b | RM 9.4b | -RM 107,082,278.00 | 46.6x | -149.2x | 1.7x |
| Wed, 18 Jun 2025 | RM 17.2b | RM 9.2b | -RM 91,157,278.00 | 51x | -188.4x | 1.9x |
| Fri, 16 May 2025 | RM 20.9b | RM 9.1b | -RM 88,150,483.00 | 61.5x | -236.8x | 2.3x |
| Sun, 13 Apr 2025 | RM 23.1b | RM 9.0b | -RM 82,590,590.00 | 65.6x | -279.4x | 2.6x |
| Tue, 11 Mar 2025 | RM 20.9b | RM 8.6b | -RM 164,071,590.00 | 36.4x | -127.3x | 2.4x |
| Thu, 06 Feb 2025 | RM 31.4b | RM 8.1b | -RM 193,479,401.00 | 109.8x | -162.5x | 3.9x |
| Sat, 04 Jan 2025 | RM 34.9b | RM 8.1b | -RM 193,479,401.00 | 123.3x | -180.5x | 4.3x |
| Mon, 02 Dec 2024 | RM 30.5b | RM 7.7b | -RM 253,597,401.00 | 111.5x | -120.4x | 4x |
| Wed, 30 Oct 2024 | RM 27.2b | RM 7.3b | -RM 138,526,016.00 | 80.1x | -196.2x | 3.7x |
| Fri, 27 Sep 2024 | RM 25.5b | RM 7.0b | -RM 596,680,016.00 | 73.6x | -42.8x | 3.7x |
| Sun, 25 Aug 2024 | RM 25.1b | RM 7.1b | -RM 600,808,075.00 | 72.5x | -41.8x | 3.5x |
| Tue, 23 Jul 2024 | RM 30.7b | RM 7.0b | -RM 717,271,870.00 | 501x | -42.7x | 4.4x |
| Thu, 20 Jun 2024 | RM 30.1b | RM 6.8b | -RM 898,530,870.00 | 504.7x | -33.5x | 4.4x |
| Sat, 18 May 2024 | RM 31.8b | RM 6.8b | -RM 1,365,561,387.00 | 474.5x | -23.3x | 4.7x |
| Mon, 15 Apr 2024 | RM 24.2b | RM 6.8b | -RM 1,365,501,576.00 | 389.3x | -17.8x | 3.6x |
| Wed, 13 Mar 2024 | RM 22.9b | RM 6.9b | -RM 1,478,970,576.00 | 333.7x | -15.5x | 3.3x |
| Fri, 09 Feb 2024 | RM 24.2b | RM 7.1b | -RM 1,581,698,368.00 | 455.2x | -15.3x | 3.4x |
| Sun, 07 Jan 2024 | RM 26.4b | RM 7.1b | -RM 1,635,988,368.00 | 450.6x | -16.1x | 3.7x |
| Tue, 05 Dec 2023 | RM 22.3b | RM 7.3b | -RM 1,747,934,368.00 | 384.3x | -12.7x | 3.1x |
| Thu, 02 Nov 2023 | RM 18.6b | RM 7.7b | -RM 1,774,706,939.00 | n/a | -10.5x | 2.4x |
| Sat, 30 Sep 2023 | RM 19.1b | RM 8.2b | -RM 1,374,518,716.00 | n/a | -13.9x | 2.3x |
| Mon, 28 Aug 2023 | RM 19.2b | RM 8.3b | -RM 1,345,194,326.00 | n/a | -14.3x | 2.3x |
| Wed, 26 Jul 2023 | RM 20.5b | RM 9.1b | -RM 1,101,946,402.00 | 83x | -18.6x | 2.3x |
| Fri, 23 Jun 2023 | RM 20.2b | RM 9.1b | -RM 1,041,705,918.00 | 79.4x | -19.4x | 2.2x |
| Sun, 21 May 2023 | RM 25.6b | RM 10.1b | -RM 876,805,918.00 | 90.7x | -29.2x | 2.5x |
| Tue, 18 Apr 2023 | RM 22.2b | RM 11.1b | -RM 603,786,526.00 | 22.2x | -36.8x | 2x |
| Thu, 16 Mar 2023 | RM 16.6b | RM 12.0b | -RM 351,572,526.00 | 18.6x | -47.1x | 1.4x |
| Sat, 11 Feb 2023 | RM 17.3b | RM 13.7b | RM 513.4m | 7.4x | 33.7x | 1.3x |
| Mon, 09 Jan 2023 | RM 18.5b | RM 14.2b | RM 804.4m | 16.8x | 23x | 1.3x |
| Wed, 07 Dec 2022 | RM 17.5b | RM 15.2b | RM 1.2b | 26x | 15x | 1.2x |
| Fri, 04 Nov 2022 | RM 20.5b | RM 18.7b | RM 3.3b | 7x | 6.3x | 1.1x |
| Sun, 02 Oct 2022 | RM 16.0b | RM 18.7b | RM 3.3b | 5.3x | 4.9x | 0.9x |
Price to Earnings Ratio
4.9x
Current Industry PE
- Investors are pessimistic on the Malaysian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- Total earnings for the Medical Equipment industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 21% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Malaysian Healthcare industry?
| MY Market | 0.34% | |
| Healthcare | 0.40% | |
| Medical Equipment | -0.41% | |
| Medical Equipment | 16.67% | |
| Medical Supplies | -0.43% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 49% 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 | |
|---|---|---|---|---|---|
| TOPGLOV Top Glove Corporation Bhd | RM 0.59 | 1.7% +RM 80.2m | -41.7% | PE74.7x | |
| HARTA Hartalega Holdings Berhad | RM 1.22 | 1.7% +RM 68.3m | -57.2% | PE75.4x | |
| KOSSAN Kossan Rubber Industries Bhd | RM 1.22 | 1.7% +RM 50.6m | -35.8% | PE25.2x | |
| SUPERMX Supermax Corporation Berhad | RM 0.47 | 2.2% +RM 30.6m | -31.7% | PS1.9x | |
| CAREPLS Careplus Group Berhad | RM 0.09 | 5.9% +RM 3.8m | -67.3% | PS0.7x |