Why Tiong Nam Logistics Holdings Berhad's (KLSE:TNLOGIS) Shaky Earnings Are Just The Beginning Of Its Problems
Jun 03
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Malaysian (KLSE) Logistics Industry Analysis
UpdatedJun 13, 2025
DataAggregated Company Financials
Companies11
- 7D-0.6%
- 3M-6.1%
- 1Y-26.1%
- YTD-12.6%
The Logistics is pretty flat in the last 7 days, but AGX Group Berhad has stood out, gaining 3.8%. Unfortunately though, the industry is down 26% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Malaysian Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 13 Jun 2025 | RM 2.8b | RM 6.0b | -RM 134,905,445.00 | 14.6x | -20.6x | 0.5x |
| Sun, 11 May 2025 | RM 2.9b | RM 6.0b | -RM 139,315,615.00 | 17.2x | -20.7x | 0.5x |
| Tue, 08 Apr 2025 | RM 2.7b | RM 6.1b | -RM 118,362,004.00 | 17.9x | -22.7x | 0.4x |
| Thu, 06 Mar 2025 | RM 3.1b | RM 6.1b | -RM 118,362,004.00 | 18.5x | -26x | 0.5x |
| Sat, 01 Feb 2025 | RM 3.2b | RM 6.1b | -RM 62,860,109.00 | 15.4x | -50.8x | 0.5x |
| Mon, 30 Dec 2024 | RM 3.2b | RM 6.1b | -RM 62,860,109.00 | 15.4x | -50.6x | 0.5x |
| Wed, 27 Nov 2024 | RM 3.2b | RM 6.0b | -RM 72,945,109.00 | 16.1x | -44.1x | 0.5x |
| Fri, 25 Oct 2024 | RM 3.3b | RM 5.9b | -RM 15,498,109.00 | 15.9x | -212.7x | 0.6x |
| Sun, 22 Sep 2024 | RM 3.5b | RM 5.9b | -RM 15,498,109.00 | 17.7x | -227.3x | 0.6x |
| Tue, 20 Aug 2024 | RM 3.5b | RM 6.0b | RM 16.9m | 14.8x | 206.1x | 0.6x |
| Thu, 18 Jul 2024 | RM 3.6b | RM 6.0b | RM 24.6m | 14.8x | 146.2x | 0.6x |
| Sat, 15 Jun 2024 | RM 3.7b | RM 6.0b | RM 24.6m | 13.3x | 151.9x | 0.6x |
| Mon, 13 May 2024 | RM 3.6b | RM 6.0b | RM 25.9m | 13.8x | 138.4x | 0.6x |
| Wed, 10 Apr 2024 | RM 3.5b | RM 6.0b | RM 29.0m | 12.5x | 121.6x | 0.6x |
| Fri, 08 Mar 2024 | RM 3.6b | RM 6.0b | RM 29.0m | 14.8x | 124.3x | 0.6x |
| Sun, 04 Feb 2024 | RM 3.5b | RM 5.8b | -RM 38,741,623.00 | 13.1x | -91.6x | 0.6x |
| Tue, 02 Jan 2024 | RM 3.5b | RM 5.9b | -RM 32,125,623.00 | 12.9x | -109.6x | 0.6x |
| Thu, 30 Nov 2023 | RM 6.5b | RM 6.1b | -RM 34,103,884.00 | 13.2x | -191x | 1.1x |
| Sat, 28 Oct 2023 | RM 6.8b | RM 6.4b | -RM 30,089,817.00 | 11.7x | -224.9x | 1.1x |
| Mon, 25 Sep 2023 | RM 6.7b | RM 6.4b | -RM 30,089,817.00 | 12.1x | -221.2x | 1x |
| Wed, 23 Aug 2023 | RM 7.1b | RM 6.5b | RM 2.2m | 11.4x | 3300.5x | 1.1x |
| Fri, 21 Jul 2023 | RM 7.0b | RM 6.7b | RM 12.8m | 11.9x | 542.4x | 1x |
| Sun, 18 Jun 2023 | RM 6.9b | RM 6.7b | RM 12.8m | 11.8x | 541x | 1x |
| Tue, 16 May 2023 | RM 6.6b | RM 6.7b | RM 2.3m | 74x | 2907.5x | 1x |
| Thu, 13 Apr 2023 | RM 6.9b | RM 6.8b | RM 10.7m | 67x | 643.9x | 1x |
| Sat, 11 Mar 2023 | RM 7.0b | RM 6.8b | RM 10.7m | 72.6x | 655x | 1x |
| Mon, 06 Feb 2023 | RM 7.6b | RM 6.9b | RM 14.7m | 43.7x | 516.8x | 1.1x |
| Wed, 04 Jan 2023 | RM 6.1b | RM 7.0b | RM 3.1m | 42.4x | 1976.5x | 0.9x |
| Fri, 02 Dec 2022 | RM 4.8b | RM 6.3b | RM 23.0m | 9.4x | 208.7x | 0.8x |
| Sun, 30 Oct 2022 | RM 4.4b | RM 6.2b | RM 23.7m | 10.6x | 183.9x | 0.7x |
| Tue, 27 Sep 2022 | RM 3.5b | RM 6.1b | RM 15.3m | 11.4x | 227.4x | 0.6x |
| Thu, 25 Aug 2022 | RM 3.8b | RM 6.0b | -RM 93,703,594.00 | 13.4x | -40.5x | 0.6x |
| Sat, 23 Jul 2022 | RM 3.8b | RM 5.9b | -RM 104,339,130.00 | 11.5x | -36.8x | 0.7x |
| Mon, 20 Jun 2022 | RM 3.8b | RM 5.9b | -RM 104,339,130.00 | 12.2x | -36.3x | 0.6x |
Price to Earnings Ratio
-36.3x
Current Industry PE
- Investors are pessimistic on the Malaysian Logistics industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Logistics industry have deteriorated over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 0.64% | |
| Industrials | 0.99% | |
| Logistics | -0.56% | |
| Air Freight and Logistics | -0.56% | |
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 | |
|---|---|---|---|---|---|
| AGX AGX Group Berhad | RM 0.55 | 3.8% +RM 8.7m | 67.7% | PE13.7x | |
| SWIFT Swift Haulage Berhad | RM 0.38 | 2.7% +RM 8.6m | -32.4% | PE12.7x | |
| POS Pos Malaysia Berhad | RM 0.25 | 2.0% +RM 3.9m | -47.9% | PS0.1x | |
| NHB Nuenergy Holdings Berhad | RM 0.48 | 3.2% +RM 2.8m | -18.5% | PS6.4x |
