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Malaysian (KLSE) Industrials Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies303
  • 7D-2.6%
  • 3M-2.6%
  • 1Y7.7%
  • YTD-4.1%

Over the last 7 days, the Industrials industry has dropped 2.6%, driven by pullbacks in Sunway Berhad and MISC Berhad of 5.2% and 4.6%, respectively. On the other hand Gamuda Berhad is actually up 5.9%. In the past year, the industry has gained 7.7%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026RM 295.0bRM 270.7bRM 21.5b15.2x13.7x1.1x
Wed, 11 Feb 2026RM 304.5bRM 267.1bRM 12.5b14.3x24.4x1.1x
Fri, 09 Jan 2026RM 301.3bRM 266.4bRM 12.7b14.2x23.7x1.1x
Sun, 07 Dec 2025RM 290.9bRM 266.4bRM 12.6b13.9x23x1.1x
Tue, 04 Nov 2025RM 295.9bRM 265.2bRM 12.3b14.5x24x1.1x
Thu, 02 Oct 2025RM 299.2bRM 264.6bRM 12.2b14.9x24.5x1.1x
Sat, 30 Aug 2025RM 284.7bRM 263.8bRM 12.0b15x23.6x1.1x
Mon, 28 Jul 2025RM 279.4bRM 258.6bRM 11.1b15.4x25.1x1.1x
Wed, 25 Jun 2025RM 267.3bRM 257.6bRM 11.0b14.7x24.3x1x
Fri, 23 May 2025RM 262.1bRM 259.0bRM 12.2b15x21.4x1x
Sun, 20 Apr 2025RM 246.0bRM 257.5bRM 12.2b14.8x20.2x1x
Tue, 18 Mar 2025RM 252.7bRM 256.2bRM 12.0b15.5x21x1x
Thu, 13 Feb 2025RM 286.0bRM 254.4bRM 12.7b17.1x22.5x1.1x
Sat, 11 Jan 2025RM 294.7bRM 254.0bRM 12.6b17.9x23.3x1.2x
Mon, 09 Dec 2024RM 292.2bRM 252.3bRM 12.6b17.7x23.2x1.2x
Wed, 06 Nov 2024RM 282.1bRM 247.0bRM 11.6b17.9x24.4x1.1x
Fri, 04 Oct 2024RM 278.4bRM 246.9bRM 11.6b18.1x24.1x1.1x
Sun, 01 Sep 2024RM 285.4bRM 245.4bRM 11.5b18.1x24.8x1.2x
Tue, 30 Jul 2024RM 305.0bRM 236.2bRM 11.9b20.3x25.6x1.3x
Thu, 27 Jun 2024RM 287.7bRM 236.2bRM 11.7b19x24.6x1.2x
Sat, 25 May 2024RM 288.4bRM 233.3bRM 10.8b19.4x26.8x1.2x
Mon, 22 Apr 2024RM 260.2bRM 225.5bRM 10.7b17x24.3x1.2x
Wed, 20 Mar 2024RM 251.9bRM 223.3bRM 10.8b17x23.4x1.1x
Fri, 16 Feb 2024RM 243.7bRM 216.6b-RM 124,582,164.0017.8x-1956.4x1.1x
Sun, 14 Jan 2024RM 240.1bRM 232.0bRM 866.9m18.4x277x1x
Tue, 12 Dec 2023RM 227.7bRM 232.2bRM 1.2b17.4x182.9x1x
Thu, 09 Nov 2023RM 228.8bRM 323.6bRM 26.7b17.3x8.6x0.7x
Sat, 07 Oct 2023RM 225.3bRM 224.4bRM 1.5b17.2x153x1x
Mon, 04 Sep 2023RM 226.9bRM 222.6bRM 1.5b16.4x152.6x1x
Wed, 02 Aug 2023RM 217.3bRM 218.1b-RM 10,351,322.0015.8x-20990.9x1x
Fri, 30 Jun 2023RM 211.1bRM 218.1bRM 253.1m15.4x834.1x1x
Sun, 28 May 2023RM 213.9bRM 216.0bRM 33.8b15.2x6.3x1x
Tue, 25 Apr 2023RM 218.3bRM 215.2bRM 33.3b16.2x6.5x1x
Thu, 23 Mar 2023RM 215.8bRM 214.9bRM 33.2b15.8x6.5x1x
Price to Earnings Ratio

6.5x


Total Market Cap: RM 215.8bTotal Earnings: RM 33.2bTotal Revenue: RM 214.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Industrials Sector Price to Earnings3Y Average -389.7x202420252026
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 13% 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-1.08%
Industrials-2.61%
Electrical0.75%
Trade Distributors0.53%
Infrastructure-0.17%
Construction-0.33%
Commercial Services-0.89%
Building-0.95%
Machinery-2.41%
Transportation-3.10%
Marine and Shipping-3.58%
Logistics-3.69%
Professional Services-4.94%
Industrials-5.79%
Aerospace & Defense-9.09%
Airlines-9.38%
Industry PE
  • Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 39.0x.
    • 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 129x.
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 56% 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
GAMUDA Gamuda BerhadRM 4.155.9%
+RM 1.4b		1.7%PE24.1x
SIME Sime Darby BerhadRM 2.354.0%
+RM 613.4m		16.3%PE9.2x
WPRTS Westports Holdings BerhadRM 6.002.4%
+RM 479.1m		30.2%PE20.6x
HAPSENG Hap Seng Consolidated BerhadRM 2.805.3%
+RM 348.6m		-11.4%PE13.9x
AAX AirAsia X BerhadRM 1.198.2%
+RM 302.5m		-25.6%PE20.9x

Latest News

AAX
RM 1.19
AirAsia X Berhad
7D
8.2%
1Y
-25.6%

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).
MISC
RM 8.33
MISC Berhad
7D
-4.6%
1Y
18.0%

MISC: Long-Term LNG Charters And Fleet Renewal Will Support Balanced Outlook

Analysts have made a small upward revision to their MYR fair value estimate for MISC Berhad to MYR 8.74 from MYR 8.67, citing updated assumptions around discount rate, profit margin and future P/E multiples. What's in the News MISC Berhad received a Letter of Award from PETRONAS LNG Ltd.
SLVEST
RM 2.02
Solarvest Holdings Berhad
7D
10.4%
1Y
22.4%
SCGBHD
RM 1.81
Southern Cable Group Berhad
7D
8.4%
1Y
60.2%
GAMUDA
RM 4.15
Gamuda Berhad
7D
5.9%
1Y
1.7%
PIE
RM 1.12
P.I.E. Industrial Berhad
7D
-9.7%
1Y
-71.1%
GDEX
RM 0.12
GDEX Berhad
7D
-7.7%
1Y
-33.3%
SUNCON
RM 6.75
Sunway Construction Group Berhad
7D
2.7%
1Y
53.4%
SIME
RM 2.35
Sime Darby Berhad
7D
4.0%
1Y
16.3%
BIPORT
RM 5.25
Bintulu Port Holdings Berhad
7D
-2.8%
1Y
-13.2%
HAPSENG
RM 2.80
Hap Seng Consolidated Berhad
7D
5.3%
1Y
-11.4%
SUNWAY
RM 5.15
Sunway Berhad
7D
-5.2%
1Y
13.4%
PENTA
RM 2.88
Pentamaster Corporation Berhad
7D
-9.4%
1Y
2.5%
WPRTS
RM 6.00
Westports Holdings Berhad
7D
2.4%
1Y
30.2%
TANCO
RM 1.38
Tanco Holdings Berhad
7D
-8.6%
1Y
78.1%

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
CTOS
RM 0.73
CTOS Digital Berhad
7D
-3.3%
1Y
-33.2%