Analysis Article • Jun 05
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Malaysian (KLSE) Construction Industry Analysis
UpdatedJun 16, 2026
DataAggregated Company Financials
Companies102
- 7D2.1%
- 3M7.9%
- 1Y4.0%
- YTD-0.3%
Over the last 7 days, the Construction industry has dropped 1.1%, driven by declines in Kinergy Advancement Berhad and Econpile Holdings Berhad of 3.7% and 15%, respectively. On the other hand Kelington Group Berhad is actually up 6.6%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Malaysian Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Jun 2026 | RM 83.7b | RM 72.7b | RM 2.9b | 15.3x | 29.3x | 1.2x |
| Thu, 14 May 2026 | RM 83.4b | RM 72.3b | RM 2.8b | 16.1x | 29.6x | 1.2x |
| Sat, 11 Apr 2026 | RM 76.0b | RM 72.4b | RM 2.8b | 16.1x | 26.9x | 1x |
| Mon, 09 Mar 2026 | RM 77.0b | RM 72.3b | RM 2.8b | 15.8x | 27.3x | 1.1x |
| Wed, 04 Feb 2026 | RM 78.3b | RM 71.3b | RM 3.5b | 11.9x | 22.2x | 1.1x |
| Fri, 02 Jan 2026 | RM 81.5b | RM 71.0b | RM 3.7b | 14x | 22x | 1.1x |
| Sun, 30 Nov 2025 | RM 84.2b | RM 70.8b | RM 3.7b | 11.7x | 22.9x | 1.2x |
| Tue, 28 Oct 2025 | RM 85.8b | RM 68.8b | RM 3.5b | 14.6x | 24.3x | 1.2x |
| Thu, 25 Sep 2025 | RM 88.4b | RM 68.6b | RM 3.5b | 14.3x | 25.2x | 1.3x |
| Sat, 23 Aug 2025 | RM 86.3b | RM 66.8b | RM 3.2b | 15.2x | 27x | 1.3x |
| Mon, 21 Jul 2025 | RM 83.5b | RM 66.4b | RM 3.1b | 15.4x | 27.3x | 1.3x |
| Wed, 18 Jun 2025 | RM 76.0b | RM 65.2b | RM 3.0b | 14x | 25.3x | 1.2x |
| Fri, 16 May 2025 | RM 73.1b | RM 62.7b | RM 3.2b | 14.6x | 22.7x | 1.2x |
| Sun, 13 Apr 2025 | RM 62.7b | RM 62.6b | RM 3.2b | 13.4x | 19.5x | 1x |
| Tue, 11 Mar 2025 | RM 66.0b | RM 61.7b | RM 3.2b | 15.3x | 20.7x | 1.1x |
| Thu, 06 Feb 2025 | RM 71.2b | RM 60.7b | RM 2.4b | 17.9x | 29.4x | 1.2x |
| Sat, 04 Jan 2025 | RM 78.0b | RM 60.4b | RM 2.5b | 19x | 31.8x | 1.3x |
| Mon, 02 Dec 2024 | RM 73.2b | RM 58.9b | RM 2.4b | 18.3x | 31.1x | 1.2x |
| Wed, 30 Oct 2024 | RM 70.8b | RM 57.8b | RM 2.0b | 20x | 36.1x | 1.2x |
| Fri, 27 Sep 2024 | RM 70.7b | RM 56.4b | RM 1.9b | 20.1x | 36.4x | 1.3x |
| Sun, 25 Aug 2024 | RM 68.4b | RM 55.6b | RM 1.7b | 25.5x | 41.2x | 1.2x |
| Tue, 23 Jul 2024 | RM 74.9b | RM 55.1b | RM 1.5b | 25.9x | 50.2x | 1.4x |
| Thu, 20 Jun 2024 | RM 64.5b | RM 54.7b | RM 1.4b | 24.4x | 47.6x | 1.2x |
| Sat, 18 May 2024 | RM 57.7b | RM 53.7b | RM 941.1m | 24.8x | 61.4x | 1.1x |
| Mon, 15 Apr 2024 | RM 54.8b | RM 53.7b | RM 923.3m | 22.1x | 59.3x | 1x |
| Wed, 13 Mar 2024 | RM 51.1b | RM 51.9b | RM 1.1b | 20.4x | 48.2x | 1x |
| Fri, 09 Feb 2024 | RM 50.8b | RM 49.5b | RM 894.7m | 21.2x | 56.8x | 1x |
| Sun, 07 Jan 2024 | RM 50.5b | RM 49.5b | RM 845.2m | 21.3x | 59.7x | 1x |
| Tue, 05 Dec 2023 | RM 45.5b | RM 47.9b | RM 664.6m | 18.6x | 68.5x | 1x |
| Thu, 02 Nov 2023 | RM 45.5b | RM 45.9b | RM 653.4m | 19.2x | 69.6x | 1x |
| Sat, 30 Sep 2023 | RM 45.6b | RM 45.9b | RM 653.9m | 19x | 69.7x | 1x |
| Mon, 28 Aug 2023 | RM 43.5b | RM 43.8b | RM 628.8m | 17.7x | 69.1x | 1x |
| Wed, 26 Jul 2023 | RM 41.9b | RM 43.2b | RM 686.1m | 17.3x | 61x | 1x |
| Fri, 23 Jun 2023 | RM 40.7b | RM 42.3b | RM 653.7m | 16.1x | 62.2x | 1x |
Price to Earnings Ratio
62.2x
Current Industry PE
- Investors are pessimistic on the Malaysian Construction 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 28.8x which is lower than its 3-year average PE of 39.7x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 63% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 0.34% | |
| Industrials | -0.23% | |
| Construction | 2.14% | |
| Construction and Engineering | 2.14% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KGB Kelington Group Berhad | RM 7.91 | 6.6% +RM 420.6m | 124.7% | PE43.9x | |
| GAMUDA Gamuda Berhad | RM 4.33 | 1.2% +RM 297.6m | -9.8% | PE25.2x | |
| MNHLDG MN Holdings Berhad | RM 2.75 | 10.9% +RM 179.6m | 118.3% | PE22.9x | |
| EIPOWER EI Power Berhad | RM 0.70 | 24.8% +RM 98.0m | n/a | PE25.5x | |
| SUNCON Sunway Construction Group Berhad | RM 7.24 | 1.0% +RM 92.8m | 18.9% | PE23.7x |
