Bintulu Port Holdings Berhad's (KLSE:BIPORT) Soft Earnings Are Actually Better Than They Appear
Nov 28
Have your own idea? Try our Stock Screener
Malaysian (KLSE) Infrastructure Industry Analysis
UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies6
- 7D1.9%
- 3M13.1%
- 1Y22.2%
- YTD8.2%
The Infrastructure industry is up 1.1% in the last week, with Westports Holdings Berhad up 2.3%. In the last 12 months, the industry was up 21%. As for the next few years, earnings are expected to grow by 4.3% per annum.
Industry Valuation and Performance
Has the Malaysian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | RM 27.8b | RM 5.7b | RM 1.0b | 20x | 26.9x | 4.9x |
| Sun, 18 Jan 2026 | RM 26.7b | RM 5.3b | RM 1.0b | 20.5x | 26.2x | 5.1x |
| Tue, 16 Dec 2025 | RM 25.6b | RM 5.3b | RM 1.0b | 19.6x | 25.1x | 4.9x |
| Thu, 13 Nov 2025 | RM 25.1b | RM 5.2b | RM 1.0b | 20.3x | 24.3x | 4.8x |
| Sat, 11 Oct 2025 | RM 24.5b | RM 5.0b | RM 990.8m | 19.2x | 24.8x | 4.9x |
| Mon, 08 Sep 2025 | RM 25.1b | RM 5.0b | RM 990.8m | 19.9x | 25.3x | 5x |
| Wed, 06 Aug 2025 | RM 25.6b | RM 4.7b | RM 995.8m | 17.8x | 25.7x | 5.4x |
| Fri, 04 Jul 2025 | RM 26.2b | RM 4.6b | RM 976.3m | 18.8x | 26.8x | 5.7x |
| Sun, 01 Jun 2025 | RM 22.0b | RM 4.6b | RM 976.3m | 17.8x | 22.6x | 4.8x |
| Tue, 29 Apr 2025 | RM 21.1b | RM 4.3b | RM 928.3m | 16.7x | 22.7x | 4.9x |
| Thu, 27 Mar 2025 | RM 23.1b | RM 4.3b | RM 928.3m | 18x | 24.9x | 5.3x |
| Sat, 22 Feb 2025 | RM 21.7b | RM 4.1b | RM 992.2m | 15.3x | 21.9x | 5.3x |
| Mon, 20 Jan 2025 | RM 39.0b | RM 9.6b | RM 1.8b | 17.4x | 22x | 4.1x |
| Wed, 18 Dec 2024 | RM 38.9b | RM 9.6b | RM 1.8b | 17.4x | 21.9x | 4x |
| Fri, 15 Nov 2024 | RM 38.2b | RM 9.4b | RM 1.7b | 17.5x | 23.1x | 4x |
| Sun, 13 Oct 2024 | RM 38.8b | RM 9.4b | RM 1.6b | 17.5x | 24x | 4.1x |
| Tue, 10 Sep 2024 | RM 38.3b | RM 9.4b | RM 1.6b | 17.7x | 23.7x | 4.1x |
| Thu, 08 Aug 2024 | RM 38.0b | RM 9.3b | RM 1.5b | 18.2x | 25.7x | 4.1x |
| Sat, 06 Jul 2024 | RM 39.5b | RM 9.3b | RM 1.5b | 19.3x | 26.6x | 4.3x |
| Mon, 03 Jun 2024 | RM 37.6b | RM 9.0b | RM 1.5b | 20.4x | 24.4x | 4.2x |
| Wed, 01 May 2024 | RM 37.4b | RM 8.9b | RM 1.5b | 21.9x | 24.7x | 4.2x |
| Fri, 29 Mar 2024 | RM 37.1b | RM 8.9b | RM 1.5b | 21.4x | 24.5x | 4.2x |
| Sun, 25 Feb 2024 | RM 32.6b | RM 8.6b | RM 1.6b | 19.5x | 20.1x | 3.8x |
| Tue, 23 Jan 2024 | RM 32.0b | RM 8.8b | RM 3.2b | 15.6x | 10x | 3.6x |
| Thu, 21 Dec 2023 | RM 30.8b | RM 8.8b | RM 3.2b | 15.5x | 9.7x | 3.5x |
| Sat, 18 Nov 2023 | RM 29.9b | RM 8.3b | RM 3.1b | 14.8x | 9.8x | 3.6x |
| Mon, 16 Oct 2023 | RM 28.8b | RM 8.2b | RM 3.0b | 14.2x | 9.5x | 3.5x |
| Wed, 13 Sep 2023 | RM 28.4b | RM 8.2b | RM 3.0b | 14.7x | 9.4x | 3.4x |
| Fri, 11 Aug 2023 | RM 28.6b | RM 7.7b | RM 2.9b | 15.4x | 10x | 3.7x |
| Sun, 09 Jul 2023 | RM 28.5b | RM 7.7b | RM 2.8b | 16.5x | 10.1x | 3.7x |
| Tue, 06 Jun 2023 | RM 29.1b | RM 7.7b | RM 2.8b | 14.6x | 10.3x | 3.8x |
| Thu, 04 May 2023 | RM 28.5b | RM 7.5b | RM 2.5b | 12.2x | 11.5x | 3.8x |
| Sat, 01 Apr 2023 | RM 27.7b | RM 7.5b | RM 2.5b | 12.3x | 11.1x | 3.7x |
| Mon, 27 Feb 2023 | RM 28.2b | RM 7.1b | RM 925.0m | 6.2x | 30.5x | 4x |
Price to Earnings Ratio
30.5x
Current Industry PE
- Investors are optimistic on the Malaysian Infrastructure industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 19.9x.
- The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 3.8% per year over the last three years.
- Meanwhile revenues for these companies have declined 7.4% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 0.44% | |
| Industrials | 1.73% | |
| Infrastructure | 1.90% | |
| Marine Ports and Services | 2.14% | |
| Highways and Railtracks | 0.16% | |
| Airport Services | 0% | 0 |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry which is trading above its 3-year average PE ratio of 17.5x.
- Analysts are expecting annual earnings growth of 4.3%, which is higher than its past year's earnings decline of 1.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 4.3% over the next 5 years.
- This is better than its past earnings decline of 1.6% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 3.2% 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 | |
|---|---|---|---|---|---|
| WPRTS Westports Holdings Berhad | RM 6.24 | 2.3% +RM 479.1m | 35.7% | PE21.4x | |
| BIPORT Bintulu Port Holdings Berhad | RM 5.50 | 0.9% +RM 23.0m | -8.3% | PE18.6x | |
| WCEHB WCE Holdings Berhad | RM 0.69 | 0.7% +RM 16.5m | -12.1% | PS2.4x | |
| SURIA Suria Capital Holdings Berhad | RM 1.54 | 2.7% +RM 13.8m | -8.9% | PE17.6x |