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Malaysian (KLSE) Industrials Sector Analysis

UpdatedMar 28, 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 1.6%, driven by declines in Westports Holdings Berhad and Gamuda Berhad of 4.7% and 3.4%, respectively. Over the past 12 months, the industry was up 4.3%. Looking forward, 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
Sat, 28 Mar 2026RM 294.8bRM 271.0bRM 21.5b15.2x13.7x1.1x
Mon, 23 Feb 2026RM 309.7bRM 266.8bRM 12.5b14.4x24.8x1.2x
Wed, 21 Jan 2026RM 305.1bRM 266.4bRM 12.7b14x24x1.1x
Fri, 19 Dec 2025RM 296.0bRM 266.2bRM 12.7b13.9x23.4x1.1x
Sun, 16 Nov 2025RM 293.4bRM 262.6bRM 12.4b13.8x23.7x1.1x
Tue, 14 Oct 2025RM 300.9bRM 264.7bRM 12.3b14.7x24.6x1.1x
Thu, 11 Sep 2025RM 289.0bRM 264.0bRM 12.1b14.6x23.9x1.1x
Sat, 09 Aug 2025RM 282.3bRM 260.1bRM 11.4b15.2x24.8x1.1x
Mon, 07 Jul 2025RM 278.4bRM 258.3bRM 11.1b15.4x25.2x1.1x
Wed, 04 Jun 2025RM 263.7bRM 257.1bRM 10.9b14.5x24.2x1x
Fri, 02 May 2025RM 252.8bRM 257.6bRM 12.1b14.9x20.9x1x
Sun, 30 Mar 2025RM 256.9bRM 257.4bRM 12.1b15.3x21.2x1x
Tue, 25 Feb 2025RM 264.2bRM 248.7bRM 10.9b16.5x24.3x1.1x
Thu, 23 Jan 2025RM 286.9bRM 254.2bRM 12.7b17.5x22.6x1.1x
Sat, 21 Dec 2024RM 290.2bRM 253.9bRM 12.6b17.8x23x1.1x
Mon, 18 Nov 2024RM 285.5bRM 246.9bRM 11.6b17.7x24.7x1.2x
Wed, 16 Oct 2024RM 281.9bRM 247.2bRM 11.6b17.6x24.3x1.1x
Fri, 13 Sep 2024RM 276.9bRM 245.4bRM 11.6b17.7x23.8x1.1x
Sun, 11 Aug 2024RM 290.6bRM 237.1bRM 12.0b20.2x24.3x1.2x
Tue, 09 Jul 2024RM 301.0bRM 235.9bRM 11.9b19.3x25.4x1.3x
Thu, 06 Jun 2024RM 286.6bRM 235.6bRM 11.5b18.5x24.9x1.2x
Sat, 04 May 2024RM 274.1bRM 239.5b-RM 6,831,738,037.0017.3x-40.1x1.1x
Mon, 01 Apr 2024RM 259.7bRM 225.0bRM 10.6b17.1x24.5x1.2x
Wed, 28 Feb 2024RM 247.6bRM 221.8bRM 80.8m18.1x3064.6x1.1x
Fri, 26 Jan 2024RM 239.7bRM 232.2bRM 880.0m17.9x272.4x1x
Sun, 24 Dec 2023RM 232.9bRM 232.2bRM 1.2b17.6x195x1x
Tue, 21 Nov 2023RM 231.0bRM 225.9bRM 1.5b17.5x154.6x1x
Thu, 19 Oct 2023RM 227.4bRM 224.4bRM 1.5b17.2x153.4x1x
Sat, 16 Sep 2023RM 223.0bRM 222.6bRM 1.4b17x154.7x1x
Mon, 14 Aug 2023RM 218.7bRM 218.0b-RM 24,996,767.0016.1x-8749.4x1x
Wed, 12 Jul 2023RM 212.0bRM 218.1bRM 51.0m15.2x4160.3x1x
Fri, 09 Jun 2023RM 211.7bRM 217.3bRM 171.3m15.2x1235.9x1x
Sun, 07 May 2023RM 217.8bRM 215.0bRM 33.3b15.6x6.5x1x
Tue, 04 Apr 2023RM 219.4bRM 215.3bRM 33.3b15.7x6.6x1x
Price to Earnings Ratio

6.6x


Total Market Cap: RM 219.4bTotal Earnings: RM 33.3bTotal Revenue: RM 215.3bTotal 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 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 39.5x.
    • 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 57% 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

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

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.
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