Analysis Article • May 25
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Malaysian (KLSE) Machinery Industry Analysis
UpdatedJun 28, 2026
DataAggregated Company Financials
Companies51
- 7D-1.8%
- 3M39.4%
- 1Y40.5%
- YTD23.6%
Over the last 7 days, the Machinery industry has dropped 1.8%, driven by UWC Berhad declining 4.5%. Meanwhile, Dufu Technology Berhad actually outperformed within the industry, gaining 9.3% in the last week. Over the past 12 months, the industry was up 40%. As for the next few years, earnings are expected to grow by 33% per annum.
Industry Valuation and Performance
Has the Malaysian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 Jun 2026 | RM 25.6b | RM 11.6b | RM 496.9m | 15.7x | 51.6x | 2.2x |
| Tue, 26 May 2026 | RM 24.5b | RM 11.6b | RM 516.2m | 14.8x | 47.4x | 2.1x |
| Thu, 23 Apr 2026 | RM 21.2b | RM 11.4b | RM 479.9m | 14.5x | 44.2x | 1.9x |
| Sat, 21 Mar 2026 | RM 18.8b | RM 11.3b | RM 473.8m | 14.1x | 39.6x | 1.7x |
| Mon, 16 Feb 2026 | RM 20.0b | RM 11.4b | RM 610.6m | 14.3x | 32.8x | 1.8x |
| Wed, 14 Jan 2026 | RM 21.0b | RM 11.3b | RM 630.0m | 14.6x | 33.4x | 1.9x |
| Fri, 12 Dec 2025 | RM 20.4b | RM 11.3b | RM 608.6m | 14.4x | 33.5x | 1.8x |
| Sun, 09 Nov 2025 | RM 21.9b | RM 11.4b | RM 470.8m | 16.7x | 46.4x | 1.9x |
| Tue, 07 Oct 2025 | RM 22.2b | RM 11.4b | RM 435.9m | 19.4x | 50.9x | 2x |
| Thu, 04 Sep 2025 | RM 18.8b | RM 11.3b | RM 419.8m | 18x | 44.8x | 1.7x |
| Sat, 02 Aug 2025 | RM 19.3b | RM 11.3b | RM 602.7m | 20.3x | 32x | 1.7x |
| Mon, 30 Jun 2025 | RM 17.9b | RM 11.5b | RM 563.5m | 20x | 31.7x | 1.6x |
| Wed, 28 May 2025 | RM 17.4b | RM 11.4b | RM 596.5m | 18.7x | 29.2x | 1.5x |
| Fri, 25 Apr 2025 | RM 16.2b | RM 11.4b | RM 603.3m | 18.2x | 26.8x | 1.4x |
| Sun, 23 Mar 2025 | RM 18.2b | RM 11.4b | RM 607.7m | 19.9x | 29.9x | 1.6x |
| Tue, 18 Feb 2025 | RM 21.1b | RM 11.2b | RM 326.8m | 19.1x | 64.6x | 1.9x |
| Thu, 16 Jan 2025 | RM 21.8b | RM 11.2b | RM 312.7m | 19.2x | 69.8x | 2x |
| Sat, 14 Dec 2024 | RM 22.2b | RM 11.0b | RM 303.0m | 19.6x | 73.3x | 2x |
| Mon, 11 Nov 2024 | RM 21.2b | RM 10.8b | RM 499.1m | 20.6x | 42.5x | 2x |
| Wed, 09 Oct 2024 | RM 20.2b | RM 10.8b | RM 512.0m | 19.9x | 39.4x | 1.9x |
| Fri, 06 Sep 2024 | RM 20.8b | RM 10.8b | RM 495.6m | 21x | 42x | 1.9x |
| Sun, 04 Aug 2024 | RM 24.4b | RM 10.6b | RM 367.4m | 24.7x | 66.3x | 2.3x |
| Tue, 02 Jul 2024 | RM 26.4b | RM 10.6b | RM 382.5m | 24.1x | 69x | 2.5x |
| Thu, 30 May 2024 | RM 26.2b | RM 10.6b | RM 233.7m | 23.2x | 111.9x | 2.5x |
| Sat, 27 Apr 2024 | RM 22.8b | RM 10.6b | RM 454.7m | 21x | 50.2x | 2.2x |
| Mon, 25 Mar 2024 | RM 22.3b | RM 10.6b | RM 476.9m | 18.7x | 46.8x | 2.1x |
| Wed, 21 Feb 2024 | RM 20.2b | RM 10.3b | RM 471.6m | 20.6x | 42.9x | 2x |
| Fri, 19 Jan 2024 | RM 19.8b | RM 10.3b | RM 469.3m | 20.9x | 42.2x | 1.9x |
| Sun, 17 Dec 2023 | RM 22.0b | RM 10.6b | RM 817.5m | 21x | 26.9x | 2.1x |
| Tue, 14 Nov 2023 | RM 21.9b | RM 10.7b | RM 808.7m | 21.3x | 27.1x | 2.1x |
| Thu, 12 Oct 2023 | RM 22.1b | RM 10.6b | RM 820.9m | 21.2x | 26.9x | 2.1x |
| Sat, 09 Sep 2023 | RM 22.3b | RM 10.7b | RM 843.2m | 21.6x | 26.4x | 2.1x |
| Mon, 07 Aug 2023 | RM 22.2b | RM 10.9b | RM 1.0b | 18.6x | 21.8x | 2x |
| Wed, 05 Jul 2023 | RM 21.6b | RM 10.9b | RM 1.0b | 19.2x | 20.7x | 2x |
Price to Earnings Ratio
20.7x
Current Industry PE
- Investors are optimistic on the Malaysian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 51.6x which is higher than its 3-year average PE of 43.0x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | -2.28% | |
| Industrials | -2.30% | |
| Machinery | -1.80% | |
| Agricultural Machinery | 0% | 0 |
| Construction Machinery and Vehicles | -0.41% | |
| Industrial Machinery | -2.00% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 47.5x.
- Analysts are expecting annual earnings growth of 32.6%, which is higher than its past year's earnings decline of 3.5% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.5x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 2.0% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 33% 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 | |
|---|---|---|---|---|---|
| DUFU Dufu Technology Berhad | RM 2.34 | 9.3% +RM 106.7m | 90.2% | PE43.5x | |
| SFPTECH SFP Tech Holdings Berhad | RM 0.29 | 3.6% +RM 24.0m | 45.0% | PS6.8x | |
| ECA ECA Integrated Solution Berhad | RM 0.28 | 11.8% +RM 17.4m | 90.0% | PS4.2x | |
| YBS YBS International Berhad | RM 0.30 | 13.0% +RM 10.3m | 29.8% | PE6.1x | |
| CPETECH CPE Technology Berhad | RM 0.81 | 1.3% +RM 6.7m | 1.3% | PE40.5x |