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Malaysian (KLSE) Industrials Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies303
  • 7D-1.4%
  • 3M-4.2%
  • 1Y5.4%
  • YTD-4.2%

Over the last 7 days, the Industrials industry has dropped 1.4%, driven by declines in Westports Holdings Berhad and Gamuda Berhad of 4.7% and 3.4%, respectively. This takes the industry's 12 month performance to a gain of 5.4%. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026RM 294.8bRM 271.0bRM 21.5b15.2x13.7x1.1x
Tue, 24 Feb 2026RM 310.4bRM 266.8bRM 12.5b14.5x24.9x1.2x
Thu, 22 Jan 2026RM 305.8bRM 266.4bRM 12.7b14.2x24.1x1.1x
Sat, 20 Dec 2025RM 296.0bRM 266.3bRM 12.7b13.7x23.4x1.1x
Mon, 17 Nov 2025RM 293.4bRM 262.5bRM 12.4b13.8x23.7x1.1x
Wed, 15 Oct 2025RM 298.5bRM 264.7bRM 12.3b14.5x24.4x1.1x
Fri, 12 Sep 2025RM 290.2bRM 264.0bRM 12.1b14.6x23.9x1.1x
Sun, 10 Aug 2025RM 282.3bRM 260.1bRM 11.4b15.1x24.8x1.1x
Tue, 08 Jul 2025RM 275.2bRM 258.3bRM 11.1b15.4x24.9x1.1x
Thu, 05 Jun 2025RM 265.0bRM 257.6bRM 11.0b14.5x24.2x1x
Sat, 03 May 2025RM 257.2bRM 257.7bRM 12.1b15x21.3x1x
Mon, 31 Mar 2025RM 256.9bRM 257.4bRM 12.1b15.3x21.2x1x
Wed, 26 Feb 2025RM 261.9bRM 251.2bRM 10.9b16x24.1x1x
Fri, 24 Jan 2025RM 285.3bRM 254.2bRM 12.7b17.2x22.5x1.1x
Sun, 22 Dec 2024RM 290.2bRM 254.0bRM 12.7b17.8x22.9x1.1x
Tue, 19 Nov 2024RM 285.7bRM 246.9bRM 11.6b17.8x24.7x1.2x
Thu, 17 Oct 2024RM 279.9bRM 247.2bRM 11.6b17.8x24.2x1.1x
Sat, 14 Sep 2024RM 281.1bRM 245.5bRM 11.7b17.9x24.1x1.1x
Mon, 12 Aug 2024RM 290.6bRM 237.1bRM 12.0b20.2x24.3x1.2x
Wed, 10 Jul 2024RM 300.9bRM 235.9bRM 11.9b19.4x25.3x1.3x
Fri, 07 Jun 2024RM 287.7bRM 235.6bRM 11.5b18.4x24.9x1.2x
Sun, 05 May 2024RM 274.1bRM 225.8bRM 10.7b17.3x25.6x1.2x
Tue, 02 Apr 2024RM 259.0bRM 225.0bRM 10.6b17.2x24.4x1.2x
Thu, 29 Feb 2024RM 246.0bRM 221.1bRM 27.4m17.3x8968.2x1.1x
Sat, 27 Jan 2024RM 241.5bRM 232.6bRM 899.6m18.2x268.5x1x
Mon, 25 Dec 2023RM 232.9bRM 232.2bRM 1.2b17.6x195x1x
Wed, 22 Nov 2023RM 231.6bRM 225.8bRM 1.4b17.4x160.5x1x
Fri, 20 Oct 2023RM 227.2bRM 225.5bRM 1.5b17.3x153.3x1x
Sun, 17 Sep 2023RM 225.0bRM 222.6bRM 1.4b16.9x156.3x1x
Tue, 15 Aug 2023RM 219.9bRM 218.1b-RM 22,738,667.0016.4x-9671.7x1x
Thu, 13 Jul 2023RM 213.0bRM 218.1bRM 51.0m15.3x4179.5x1x
Sat, 10 Jun 2023RM 212.2bRM 217.3bRM 320.2m15.3x662.7x1x
Mon, 08 May 2023RM 217.8bRM 215.0bRM 33.3b15.6x6.5x1x
Wed, 05 Apr 2023RM 219.6bRM 215.3bRM 33.3b15.9x6.6x1x
Price to Earnings Ratio

6.6x


Total Market Cap: RM 219.6bTotal Earnings: RM 33.3bTotal Revenue: RM 215.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Industrials Sector Price to Earnings3Y Average -389.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian Industrials 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 13.7x which is higher than its 3-year average PE of -390x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.0% 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 Industrials sector?

MY Market-0.43%
Industrials-1.35%
Aerospace & Defense1.69%
Commercial Services1.03%
Industrials-0.31%
Building-0.64%
Construction-0.67%
Marine and Shipping-0.91%
Trade Distributors-1.29%
Machinery-2.31%
Logistics-3.07%
Electrical-3.27%
Infrastructure-3.79%
Airlines-5.69%
Professional Services-6.21%
Transportation-9.12%
Industry PE
  • Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 41.8%, which is higher than its past year's earnings growth of 22.0% per year.
  • Investors are most pessimistic about the Logistics industry, which is trading below its 3-year average of 122x.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings growth rate of 22% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 59% 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
SUNWAY Sunway BerhadRM 5.471.5%
+RM 540.8m		20.5%PE28.9x
IJM IJM Corporation BerhadRM 2.484.6%
+RM 385.6m		18.1%PE28.4x
SUNCON Sunway Construction Group BerhadRM 6.903.9%
+RM 345.2m		57.5%PE25.3x
TANCO Tanco Holdings BerhadRM 1.432.1%
+RM 180.8m		70.7%PE854.1x
FRONTKN Frontken Corporation BerhadRM 3.932.3%
+RM 148.0m		5.4%PE41.9x

Latest News

MISC
RM 8.25
MISC Berhad
7D
-1.0%
1Y
15.1%

MISC: Long-Term LNG Charters And Newbuild Orders Will Support Balanced Outlook

Analysts have kept their MYR price target for MISC Berhad broadly steady, reflecting only minor model adjustments such as a slightly higher discount rate and a marginally revised forward P/E assumption, while core inputs like fair value, revenue growth, and profit margin remain unchanged. What's in the News MISC Berhad entered into shipbuilding contracts on 27 February 2026 with HZ for two additional newbuild LNG carriers, in addition to three LNG carriers announced on 3 February 2026.
SLVEST
RM 2.26
Solarvest Holdings Berhad
7D
-6.6%
1Y
34.5%
AAX
RM 1.16
AirAsia X Berhad
7D
-5.7%
1Y
-25.2%

AAX: Equity Raise And New Leadership Will Support Future Upside

Narrative Update: AirAsia X Berhad Analyst Price Target Revision The analyst fair value estimate for AirAsia X Berhad has shifted slightly from MYR2.60 to MYR2.54, with analysts pointing to updated assumptions around discount rates, profit margins and future P/E as the key drivers of this recalibration. What's in the News AirAsia X Berhad completed a MYR 1 billion follow-on equity offering of 606,060,606 ordinary shares at MYR 1.65 per share, via a subsequent direct listing (Key Developments).
GAMUDA
RM 3.99
Gamuda Berhad
7D
-3.4%
1Y
-5.0%
MNHLDG
RM 1.83
MN Holdings Berhad
7D
7.0%
1Y
69.4%
ZETRIX
RM 0.73
Zetrix AI Berhad
7D
-6.4%
1Y
-19.2%
SUNCON
RM 6.90
Sunway Construction Group Berhad
7D
3.9%
1Y
57.5%
SIME
RM 2.32
Sime Darby Berhad
7D
-3.7%
1Y
5.0%
VLB
RM 0.56
Vestland Berhad
7D
16.7%
1Y
14.3%
HAPSENG
RM 2.75
Hap Seng Consolidated Berhad
7D
-2.8%
1Y
-3.8%
SUNWAY
RM 5.47
Sunway Berhad
7D
1.5%
1Y
20.5%
IJM
RM 2.48
IJM Corporation Berhad
7D
4.6%
1Y
18.1%
KGB
RM 5.10
Kelington Group Berhad
7D
2.0%
1Y
47.4%
FRONTKN
RM 3.93
Frontken Corporation Berhad
7D
2.3%
1Y
5.4%
WPRTS
RM 5.90
Westports Holdings Berhad
7D
-4.7%
1Y
22.9%
TANCO
RM 1.43
Tanco Holdings Berhad
7D
2.1%
1Y
70.7%

Here's Why Tanco Holdings Berhad (KLSE:TANCO) Can Manage Its Debt Responsibly

Feb 10
Here's Why Tanco Holdings Berhad (KLSE:TANCO) Can Manage Its Debt Responsibly