There May Be Underlying Issues With The Quality Of MClean Technologies Berhad's (KLSE:MCLEAN) Earnings
Feb 17
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Malaysian (KLSE) Commercial Services Industry Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies30
- 7D-1.7%
- 3M-9.1%
- 1Y-2.0%
- YTD-8.7%
Over the last 7 days, the Commercial Services industry has dropped 1.7%, driven by a pullback from Frontken Corporation Berhad of 2.3%. Meanwhile, MClean Technologies Berhad actually outperformed within the industry, gaining 10% in the last week. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Malaysian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Mar 2026 | RM 12.0b | RM 3.8b | RM 233.1m | 16x | 51.3x | 3.1x |
| Thu, 29 Jan 2026 | RM 12.1b | RM 3.8b | RM 226.3m | 14.9x | 53.7x | 3.2x |
| Sat, 27 Dec 2025 | RM 13.3b | RM 3.7b | RM 226.0m | 14x | 58.7x | 3.5x |
| Mon, 24 Nov 2025 | RM 13.4b | RM 3.7b | RM 197.1m | 13.6x | 67.7x | 3.6x |
| Wed, 22 Oct 2025 | RM 13.7b | RM 3.6b | RM 176.6m | 17.1x | 77.6x | 3.8x |
| Fri, 19 Sep 2025 | RM 13.4b | RM 3.6b | RM 179.6m | 15.4x | 74.5x | 3.7x |
| Sun, 17 Aug 2025 | RM 12.6b | RM 3.3b | RM 182.0m | 15.2x | 69x | 3.8x |
| Tue, 15 Jul 2025 | RM 11.9b | RM 3.4b | RM 161.4m | 15.2x | 73.6x | 3.5x |
| Thu, 12 Jun 2025 | RM 11.5b | RM 3.4b | RM 98.7m | 13.7x | 116.1x | 3.4x |
| Sat, 10 May 2025 | RM 11.8b | RM 3.5b | RM 150.8m | 15x | 78.6x | 3.4x |
| Mon, 07 Apr 2025 | RM 10.9b | RM 3.6b | RM 147.4m | 15.7x | 74x | 3.1x |
| Wed, 05 Mar 2025 | RM 11.3b | RM 3.6b | RM 113.2m | 15.1x | 99.7x | 3.2x |
| Fri, 31 Jan 2025 | RM 12.2b | RM 3.5b | RM 55.0m | 17x | 221.6x | 3.5x |
| Sun, 29 Dec 2024 | RM 13.3b | RM 3.5b | RM 57.0m | 18.9x | 232.8x | 3.8x |
| Tue, 26 Nov 2024 | RM 12.6b | RM 3.5b | RM 63.6m | 16.7x | 198.4x | 3.6x |
| Thu, 24 Oct 2024 | RM 11.9b | RM 3.5b | RM 46.1m | 17.7x | 258.2x | 3.4x |
| Sat, 21 Sep 2024 | RM 12.2b | RM 3.5b | RM 69.1m | 20.1x | 176.1x | 3.5x |
| Mon, 19 Aug 2024 | RM 12.0b | RM 3.5b | RM 67.4m | 21.9x | 178.7x | 3.5x |
| Wed, 17 Jul 2024 | RM 13.4b | RM 3.4b | RM 63.6m | 18.9x | 210.9x | 3.9x |
| Fri, 14 Jun 2024 | RM 13.6b | RM 3.5b | -RM 4,300,801.00 | 17.7x | -3172x | 3.9x |
| Sun, 12 May 2024 | RM 12.7b | RM 3.5b | RM 3.8m | 15.8x | 3360.6x | 3.6x |
| Tue, 09 Apr 2024 | RM 12.3b | RM 3.4b | -RM 2,871,496.00 | 15.3x | -4285.7x | 3.7x |
| Thu, 07 Mar 2024 | RM 11.6b | RM 3.4b | -RM 2,871,496.00 | 14.3x | -4053x | 3.5x |
| Sat, 03 Feb 2024 | RM 11.0b | RM 4.5b | RM 45.3m | 20x | 243.2x | 2.5x |
| Mon, 01 Jan 2024 | RM 10.8b | RM 4.5b | RM 44.5m | 21x | 243.5x | 2.4x |
| Wed, 29 Nov 2023 | RM 11.1b | RM 4.5b | RM 59.9m | 20.3x | 185.4x | 2.5x |
| Fri, 27 Oct 2023 | RM 10.8b | RM 4.6b | RM 95.5m | 21.2x | 113.5x | 2.4x |
| Sun, 24 Sep 2023 | RM 10.8b | RM 4.6b | RM 105.4m | 20.8x | 102.3x | 2.3x |
| Tue, 22 Aug 2023 | RM 10.8b | RM 4.6b | RM 106.5m | 13.8x | 101.1x | 2.3x |
| Thu, 20 Jul 2023 | RM 10.6b | RM 4.6b | RM 97.0m | 16x | 109.7x | 2.3x |
| Sat, 17 Jun 2023 | RM 9.9b | RM 4.6b | RM 298.7m | 18.4x | 33x | 2.2x |
| Mon, 15 May 2023 | RM 9.4b | RM 215.5b | RM 7.8b | 11x | 1.2x | 0.04x |
| Wed, 12 Apr 2023 | RM 10.3b | RM 4.6b | RM 308.2m | 16x | 33.3x | 2.2x |
| Fri, 10 Mar 2023 | RM 10.3b | RM 4.6b | RM 307.2m | 19.2x | 33.5x | 2.2x |
Price to Earnings Ratio
33.5x
Current Industry PE
- Investors are optimistic on the Malaysian Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 51.3x which is higher than its 3-year average PE of -84.2x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 8.8% per year over the last three years,
- Revenues have also declined 6.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | -1.67% | |
| Industrials | -0.14% | |
| Commercial Services | -1.68% | |
| Office Services and Supplies | -0.33% | |
| Commercial Printing | -0.55% | |
| Environmental and Facilities Services | -1.46% | |
| Diversified Support Services | -2.36% | |
| Security and Alarm Services | -3.70% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 36.4x.
- Analysts are expecting annual earnings growth of 51.8%, which is higher than its past year's earnings growth of 41.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 41% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| MCLEAN MClean Technologies Berhad | RM 0.58 | 10.4% +RM 13.5m | 85.7% | PE12.4x | |
| SDCG Solar District Cooling Group Berhad | RM 0.61 | 2.5% +RM 6.4m | 15.0% | PE43.1x | |
| TAFI TAFI Industries Berhad | RM 0.62 | 1.6% +RM 3.8m | 19.2% | PE14.4x | |
| JAG JAG Berhad | RM 0.34 | 1.5% +RM 2.5m | 36.0% | PS1x | |
| BTECH Brite-Tech Berhad | RM 0.26 | 2.0% +RM 1.3m | -7.1% | PE6.2x |
