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Malaysian (KLSE) Industrials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies304
  • 7D-0.1%
  • 3M2.5%
  • 1Y9.8%
  • YTD1.6%

Last week, the Industrials industry hasn't moved much but Tanco Holdings Berhad is up 8.7% in that time. As for the the longer term, the industry is up 9.8% over the past 12 months. 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
Wed, 04 Mar 2026RM 311.9bRM 269.8bRM 21.6b15.8x14.4x1.2x
Fri, 30 Jan 2026RM 307.4bRM 266.5bRM 12.7b14.1x24.2x1.2x
Sun, 28 Dec 2025RM 299.3bRM 266.3bRM 12.7b14.1x23.6x1.1x
Tue, 25 Nov 2025RM 295.4bRM 263.3bRM 12.5b13.6x23.5x1.1x
Thu, 23 Oct 2025RM 294.9bRM 264.8bRM 12.2b14.8x24.1x1.1x
Sat, 20 Sep 2025RM 294.9bRM 264.2bRM 12.1b14.8x24.3x1.1x
Mon, 18 Aug 2025RM 283.3bRM 261.2bRM 11.4b15.3x24.9x1.1x
Wed, 16 Jul 2025RM 277.7bRM 258.3bRM 11.1b15.3x25x1.1x
Fri, 13 Jun 2025RM 270.2bRM 257.5bRM 11.0b15x24.6x1x
Sun, 11 May 2025RM 259.3bRM 257.9bRM 12.1b14.8x21.4x1x
Tue, 08 Apr 2025RM 230.9bRM 257.5bRM 12.2b13.8x19x0.9x
Thu, 06 Mar 2025RM 254.1bRM 255.8bRM 12.1b15.7x21x1x
Sat, 01 Feb 2025RM 279.7bRM 254.4bRM 12.8b17x21.9x1.1x
Mon, 30 Dec 2024RM 293.0bRM 253.9bRM 12.6b17.9x23.2x1.2x
Wed, 27 Nov 2024RM 288.0bRM 247.9bRM 11.8b17.4x24.5x1.2x
Fri, 25 Oct 2024RM 282.5bRM 247.0bRM 11.5b17.9x24.5x1.1x
Sun, 22 Sep 2024RM 289.5bRM 245.5bRM 11.5b18.4x25.1x1.2x
Tue, 20 Aug 2024RM 292.3bRM 237.2bRM 12.0b19.6x24.4x1.2x
Thu, 18 Jul 2024RM 309.2bRM 235.9bRM 11.9b19.8x26x1.3x
Sat, 15 Jun 2024RM 293.5bRM 235.7bRM 11.7b19.3x25.1x1.2x
Mon, 13 May 2024RM 277.4bRM 225.8bRM 10.6b18.2x26.1x1.2x
Wed, 10 Apr 2024RM 262.2bRM 225.1bRM 10.6b17.6x24.7x1.2x
Fri, 08 Mar 2024RM 246.3bRM 223.2bRM 10.8b16.8x22.8x1.1x
Sun, 04 Feb 2024RM 240.6bRM 232.9bRM 1.0b17.7x239.1x1x
Tue, 02 Jan 2024RM 233.0bRM 232.2bRM 1.2b17.7x194.9x1x
Thu, 30 Nov 2023RM 228.1bRM 229.1bRM 909.4m17.1x250.8x1x
Sat, 28 Oct 2023RM 227.6bRM 225.5bRM 1.5b17.4x155.4x1x
Mon, 25 Sep 2023RM 227.3bRM 222.6bRM 1.4b17.5x157.5x1x
Wed, 23 Aug 2023RM 220.0bRM 218.1bRM 20.1m15.7x10937.5x1x
Fri, 21 Jul 2023RM 215.8bRM 218.1bRM 52.8m15.6x4088.6x1x
Sun, 18 Jun 2023RM 213.5bRM 217.3bRM 238.7m15.3x894.4x1x
Tue, 16 May 2023RM 215.1bRM 425.9bRM 41.1b15.4x5.2x0.5x
Thu, 13 Apr 2023RM 219.9bRM 215.2bRM 33.3b15.9x6.6x1x
Sat, 11 Mar 2023RM 219.5bRM 214.7bRM 33.2b16.4x6.6x1x
Price to Earnings Ratio

6.6x


Total Market Cap: RM 219.5bTotal Earnings: RM 33.2bTotal Revenue: RM 214.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Industrials Sector Price to Earnings3Y Average -389.8x202420252026
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 14.4x 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 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.9% 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-1.67%
Industrials-0.14%
Aerospace & Defense7.94%
Industrials1.76%
Airlines1.54%
Transportation0.59%
Construction0.33%
Machinery0.32%
Marine and Shipping-1.58%
Commercial Services-1.68%
Trade Distributors-1.76%
Infrastructure-1.81%
Professional Services-2.16%
Building-2.22%
Electrical-2.51%
Logistics-3.05%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (23.4%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Logistics industry, which is trading below its 3-year average of 136x.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 7.4% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 67% 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
TANCO Tanco Holdings BerhadRM 1.638.7%
+RM 783.3m		116.1%PE973.6x
SUNCON Sunway Construction Group BerhadRM 6.772.7%
+RM 238.1m		65.5%PE24.8x
MISC MISC BerhadRM 8.240.5%
+RM 178.5m		13.8%PE21.6x
KGB Kelington Group BerhadRM 5.172.2%
+RM 94.2m		52.1%PE26.8x
SIME Sime Darby BerhadRM 2.400.4%
+RM 68.2m		18.8%PE9.4x

Latest News

PEKAT
RM 1.34
Pekat Group Berhad
7D
7.2%
1Y
11.7%
SUNCON
RM 6.77
Sunway Construction Group Berhad
7D
2.7%
1Y
65.5%
SIME
RM 2.40
Sime Darby Berhad
7D
0.4%
1Y
18.8%
CHINHIN
RM 2.20
Chin Hin Group Berhad
7D
-2.7%
1Y
1.9%
AAX
RM 1.70
AirAsia X Berhad
7D
-15.8%
1Y
15.6%

AAX: New Group Leadership And Equity Raise Will Support Future Upside

Analysts have reduced their price target for AirAsia X Berhad from MYR2.90 to MYR2.60, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News AirAsia X Berhad appointed Mr. Tharumalingam A/L Kanagalingam, also known as Bo Lingam, as Group Chief Executive Officer, effective January 19, 2026.
HAPSENG
RM 2.85
Hap Seng Consolidated Berhad
7D
-5.9%
1Y
-6.6%
SUNWAY
RM 5.55
Sunway Berhad
7D
-4.6%
1Y
23.3%
IJM
RM 2.43
IJM Corporation Berhad
7D
-4.7%
1Y
22.1%
PENTA
RM 3.30
Pentamaster Corporation Berhad
7D
1.2%
1Y
10.0%
KGB
RM 5.17
Kelington Group Berhad
7D
2.2%
1Y
52.1%
MISC
RM 8.24
MISC Berhad
7D
0.5%
1Y
13.8%

MISC: Long-Term Gas Projects Will Support Emissions-Led Fleet Renewal Outlook

Analysts have raised their price target for MISC Berhad from MYR8.48 to MYR8.67, citing updated assumptions that include a slightly lower discount rate, modestly revised revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News MISC received a Letter of Award from PETRONAS LNG Ltd.
FRONTKN
RM 3.90
Frontken Corporation Berhad
7D
1.3%
1Y
12.7%
HLIND
RM 17.50
Hong Leong Industries Berhad
7D
-7.4%
1Y
32.8%
WPRTS
RM 6.08
Westports Holdings Berhad
7D
-1.3%
1Y
32.2%
TANCO
RM 1.63
Tanco Holdings Berhad
7D
8.7%
1Y
116.1%

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
CAPITALA
RM 0.50
Capital A Berhad
7D
-15.3%
1Y
-36.7%