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Malaysian (KLSE) Electrical Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies17
  • 7D-8.4%
  • 3M-19.5%
  • 1Y1.8%
  • YTD-22.5%

Over the last 7 days, the Electrical industry has dropped 8.7%, driven by pullbacks in Solarvest Holdings Berhad and Southern Cable Group Berhad of 13% and 9.9%, respectively. On the other hand Northern Solar Holdings Berhad is actually up 28%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Malaysian Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026RM 7.6bRM 11.5bRM 228.9m16.7x33.1x0.7x
Sun, 01 Feb 2026RM 8.7bRM 11.1bRM 288.0m18.4x30.2x0.8x
Tue, 30 Dec 2025RM 9.9bRM 11.2bRM 287.2m20.6x34.5x0.9x
Thu, 27 Nov 2025RM 9.5bRM 11.2bRM 275.2m20x34.4x0.8x
Sat, 25 Oct 2025RM 9.3bRM 11.0bRM 251.2m20.5x37.2x0.8x
Mon, 22 Sep 2025RM 8.8bRM 10.8bRM 234.1m24.2x37.6x0.8x
Wed, 20 Aug 2025RM 8.5bRM 10.6bRM 234.8m24.6x36.4x0.8x
Fri, 18 Jul 2025RM 8.5bRM 10.6bRM 248.7m25x34.1x0.8x
Sun, 15 Jun 2025RM 7.4bRM 10.6bRM 247.7m18.5x29.9x0.7x
Tue, 13 May 2025RM 7.4bRM 10.2bRM 276.0m21.7x26.9x0.7x
Thu, 10 Apr 2025RM 6.1bRM 10.1bRM 265.9m17x22.8x0.6x
Sat, 08 Mar 2025RM 6.4bRM 10.1bRM 266.0m17.7x24x0.6x
Mon, 03 Feb 2025RM 7.3bRM 10.0bRM 256.4m21.2x28.5x0.7x
Wed, 01 Jan 2025RM 8.2bRM 10.0bRM 256.1m22.6x32.1x0.8x
Fri, 29 Nov 2024RM 7.6bRM 10.2bRM 263.1m15.1x28.8x0.7x
Sun, 27 Oct 2024RM 7.5bRM 10.2bRM 270.3m26x27.6x0.7x
Tue, 24 Sep 2024RM 7.4bRM 10.2bRM 254.8m26.5x29x0.7x
Thu, 22 Aug 2024RM 7.5bRM 9.7bRM 231.2m27.9x32.5x0.8x
Sat, 20 Jul 2024RM 8.5bRM 9.8bRM 224.8m34x37.7x0.9x
Mon, 17 Jun 2024RM 8.6bRM 9.8bRM 223.9m25.6x38.5x0.9x
Wed, 15 May 2024RM 7.9bRM 9.4bRM 200.1m24.2x39.4x0.8x
Fri, 12 Apr 2024RM 6.4bRM 9.4bRM 201.8m19.8x31.6x0.7x
Sun, 10 Mar 2024RM 5.8bRM 9.4bRM 205.7m17.4x28.1x0.6x
Tue, 06 Feb 2024RM 5.1bRM 9.5bRM 180.0m17.1x28.1x0.5x
Thu, 04 Jan 2024RM 4.7bRM 9.1bRM 158.0m16.7x29.8x0.5x
Sat, 02 Dec 2023RM 4.5bRM 9.1bRM 157.6m15.7x28.6x0.5x
Mon, 30 Oct 2023RM 4.6bRM 8.6bRM 146.2m17.1x31.7x0.5x
Wed, 27 Sep 2023RM 4.6bRM 8.6bRM 196.8m14.7x23.5x0.5x
Fri, 25 Aug 2023RM 4.6bRM 8.6bRM 199.3m15.8x23x0.5x
Sun, 23 Jul 2023RM 4.6bRM 8.5bRM 196.9m14.5x23.2x0.5x
Tue, 20 Jun 2023RM 4.4bRM 8.5bRM 198.2m14.8x22.1x0.5x
Thu, 18 May 2023RM 4.5bRM 8.3bRM 217.9m16.5x20.4x0.5x
Sat, 15 Apr 2023RM 4.7bRM 8.3bRM 217.2m17.6x21.8x0.6x
Mon, 13 Mar 2023RM 4.6bRM 8.3bRM 194.5m17.6x23.7x0.6x
Price to Earnings Ratio

23.7x


Total Market Cap: RM 4.6bTotal Earnings: RM 194.5mTotal Revenue: RM 8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Electrical Industry Price to Earnings3Y Average 30x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Electrical industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.1x which is higher than its 3-year average PE of 30.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 5.6% per year over the last three years.
  • Revenues for these companies have grown 11% 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-2.24%
Industrials-3.47%
Electrical-8.37%
Heavy Electrical Equipment-2.26%
Electrical Components-8.67%
Industry PE
  • Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings decline of 5.7% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 23% 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
NORTHERN Northern Solar Holdings BerhadRM 0.6027.7%
+RM 51.4m		0.8%PE18.6x
HWGB Ho Wah Genting BerhadRM 0.130%
RM 2.6m		-45.7%PS0.1x
FIBON Fibon BerhadRM 0.421.2%
+RM 488.6k		7.6%PE7.3x

Latest News

HWGB
RM 0.13
Ho Wah Genting Berhad
7D
0%
1Y
-45.7%
PIE
RM 1.35
P.I.E. Industrial Berhad
7D
-17.7%
1Y
-58.1%
NORTHERN
RM 0.60
Northern Solar Holdings Berhad
7D
27.7%
1Y
0.8%
SCGBHD
RM 1.91
Southern Cable Group Berhad
7D
-9.9%
1Y
72.1%
MTEC
RM 1.09
Master Tec Group Berhad
7D
-2.7%
1Y
4.8%
SCOMNET
RM 0.51
Supercomnet Technologies Berhad
7D
-10.5%
1Y
-52.3%
SLVEST
RM 2.02
Solarvest Holdings Berhad
7D
-12.9%
1Y
23.2%
PWRWELL
RM 0.65
Powerwell Holdings Berhad
7D
-2.3%
1Y
66.7%
JSSOLAR
RM 0.20
JS Solar Holding Berhad
7D
-6.8%
1Y
n/a
FIBON
RM 0.42
Fibon Berhad
7D
1.2%
1Y
7.6%
TRIVE
RM 0.015
Trive Property Group Berhad
7D
-25.0%
1Y
-50.0%

The Return Trends At Trive Property Group Berhad (KLSE:TRIVE) Look Promising

Jan 16
The Return Trends At Trive Property Group Berhad (KLSE:TRIVE) Look Promising