Analysis Article • Jun 02
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Malaysian (KLSE) Commercial Services Industry Analysis
UpdatedJun 11, 2026
DataAggregated Company Financials
Companies31
- 7D-2.2%
- 3M14.9%
- 1Y10.5%
- YTD4.0%
Over the last 7 days, the Commercial Services industry has dropped 2.2%, driven by a pullback from Frontken Corporation Berhad of 3.3%. On the other hand TAFI Industries Berhad is actually up 5.8%. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Thu, 11 Jun 2026 | RM 15.0b | RM 4.0b | RM 249.2m | 19.7x | 60x | 3.8x |
| Sat, 09 May 2026 | RM 14.3b | RM 4.0b | RM 226.2m | 16x | 63.2x | 3.5x |
| Mon, 06 Apr 2026 | RM 12.4b | RM 3.9b | RM 206.9m | 15.2x | 59.8x | 3.2x |
| Wed, 04 Mar 2026 | RM 12.1b | RM 3.8b | RM 226.7m | 14.7x | 53.5x | 3.2x |
| Fri, 30 Jan 2026 | RM 12.2b | RM 3.8b | RM 226.3m | 14.7x | 53.7x | 3.2x |
| Sun, 28 Dec 2025 | RM 13.3b | RM 3.7b | RM 226.0m | 14x | 58.7x | 3.5x |
| Tue, 25 Nov 2025 | RM 13.2b | RM 3.7b | RM 197.1m | 13.6x | 66.8x | 3.6x |
| Thu, 23 Oct 2025 | RM 13.8b | RM 3.6b | RM 176.6m | 16.8x | 78x | 3.9x |
| Sat, 20 Sep 2025 | RM 13.4b | RM 3.6b | RM 179.1m | 15.4x | 74.7x | 3.7x |
| Mon, 18 Aug 2025 | RM 12.6b | RM 3.3b | RM 182.0m | 15.2x | 69x | 3.8x |
| Wed, 16 Jul 2025 | RM 11.9b | RM 3.4b | RM 161.4m | 14.9x | 73.6x | 3.5x |
| Fri, 13 Jun 2025 | RM 11.6b | RM 3.4b | RM 98.7m | 13.5x | 117.4x | 3.4x |
| Sun, 11 May 2025 | RM 11.8b | RM 3.5b | RM 149.0m | 15x | 79.5x | 3.4x |
| Tue, 08 Apr 2025 | RM 10.0b | RM 3.6b | RM 147.4m | 15.1x | 67.8x | 2.8x |
| Thu, 06 Mar 2025 | RM 11.4b | RM 3.6b | RM 113.2m | 15.5x | 100.9x | 3.2x |
| Sat, 01 Feb 2025 | RM 12.1b | RM 3.5b | RM 55.0m | 17x | 219.6x | 3.4x |
| Mon, 30 Dec 2024 | RM 13.3b | RM 3.5b | RM 57.0m | 18.9x | 232.8x | 3.8x |
| Wed, 27 Nov 2024 | RM 12.5b | RM 3.6b | RM 69.4m | 16.3x | 180.7x | 3.5x |
| Fri, 25 Oct 2024 | RM 11.9b | RM 3.5b | RM 46.1m | 17.2x | 259.2x | 3.4x |
| Sun, 22 Sep 2024 | RM 12.2b | RM 3.5b | RM 69.1m | 20.1x | 176.1x | 3.5x |
| Tue, 20 Aug 2024 | RM 11.9b | RM 3.5b | RM 67.4m | 19.7x | 176.9x | 3.4x |
| Thu, 18 Jul 2024 | RM 13.3b | RM 3.4b | RM 63.6m | 18.9x | 209.7x | 3.9x |
| Sat, 15 Jun 2024 | RM 13.5b | RM 3.5b | -RM 4,300,801.00 | 17.7x | -3132.3x | 3.9x |
| Mon, 13 May 2024 | RM 12.7b | RM 3.5b | RM 2.2m | 15.8x | 5773.6x | 3.6x |
| Wed, 10 Apr 2024 | RM 12.3b | RM 3.4b | -RM 2,871,496.00 | 15.5x | -4292.5x | 3.7x |
| Fri, 08 Mar 2024 | RM 13.5b | RM 3.4b | -RM 2,871,496.00 | 14.5x | -4711.7x | 4x |
| Sun, 04 Feb 2024 | RM 11.0b | RM 4.5b | RM 45.3m | 20x | 243.2x | 2.5x |
| Tue, 02 Jan 2024 | RM 10.8b | RM 4.5b | RM 44.5m | 21x | 243.5x | 2.4x |
| Thu, 30 Nov 2023 | RM 11.0b | RM 4.5b | RM 62.3m | 20.1x | 176.2x | 2.5x |
| Sat, 28 Oct 2023 | RM 10.8b | RM 4.6b | RM 95.5m | 21.1x | 113.1x | 2.3x |
| Mon, 25 Sep 2023 | RM 10.8b | RM 4.6b | RM 105.4m | 20.8x | 102.3x | 2.3x |
| Wed, 23 Aug 2023 | RM 10.9b | RM 4.6b | RM 97.7m | 16.3x | 111.2x | 2.4x |
| Fri, 21 Jul 2023 | RM 10.6b | RM 4.6b | RM 97.0m | 15.8x | 109.2x | 2.3x |
| Sun, 18 Jun 2023 | RM 9.9b | RM 4.6b | RM 298.7m | 18.4x | 33x | 2.2x |
Price to Earnings Ratio
33x
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 60.0x which is higher than its 3-year average PE of -81.2x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 5.9% per year over the last three years,
- Revenues have also declined 4.5% 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 | -0.80% | |
| Industrials | -4.03% | |
| Commercial Services | -2.19% | |
| Office Services and Supplies | -0.54% | |
| Commercial Printing | -0.79% | |
| Environmental and Facilities Services | -1.27% | |
| Diversified Support Services | -2.98% | |
| Security and Alarm Services | -5.88% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 48.3x.
- Analysts are expecting annual earnings growth of 57.8%, which is higher than its past year's earnings growth of 13.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 52% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| TAFI TAFI Industries Berhad | RM 0.64 | 5.8% +RM 13.3m | 15.5% | PE14.8x | |
| ADNEX Adnex Group Berhad | RM 0.33 | 8.3% +RM 12.5m | n/a | PE17.6x | |
| NGGB Nextgreen Global Berhad | RM 0.79 | 1.3% +RM 10.9m | -1.3% | PE27.3x | |
| UNIQUE Unique Fire Holdings Berhad | RM 0.41 | 3.8% +RM 6.0m | 17.1% | PE19.4x | |
| AHB AHB Holdings Berhad | RM 0.03 | 20.0% +RM 4.3m | 0% | PS0.9x |
