Narrative Update • Jun 04
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- 7D2.4%
- 3M17.1%
- 1Y36.4%
- YTD31.2%
In the last week, the Chemicals industry is up 2.4%, with PETRONAS Chemicals Group Berhad up 4.2%. In the same time, Scientex Berhad was down 5.9%. This takes the industry's 12 month performance to a gain of 36%. As for the next few years, earnings are expected to grow by 47% per annum.
Industry Valuation and Performance
Has the Malaysian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | RM 66.7b | RM 75.0b | -RM 2,252,366,275.00 | 12.6x | -29.6x | 0.9x |
| Tue, 05 May 2026 | RM 69.1b | RM 74.7b | -RM 3,073,306,119.00 | 13.2x | -22.5x | 0.9x |
| Thu, 02 Apr 2026 | RM 66.2b | RM 74.6b | -RM 3,104,746,343.00 | 13.1x | -21.3x | 0.9x |
| Sat, 28 Feb 2026 | RM 46.7b | RM 74.6b | -RM 3,097,239,088.00 | 13.6x | -15.1x | 0.6x |
| Mon, 26 Jan 2026 | RM 50.8b | RM 74.3b | -RM 797,174,337.00 | 12.9x | -63.8x | 0.7x |
| Wed, 24 Dec 2025 | RM 51.5b | RM 74.3b | -RM 800,045,337.00 | 13.1x | -64.3x | 0.7x |
| Fri, 21 Nov 2025 | RM 49.8b | RM 74.7b | -RM 1,416,193,665.00 | 14.2x | -35.2x | 0.7x |
| Sun, 19 Oct 2025 | RM 55.5b | RM 74.5b | -RM 1,487,155,889.00 | 13.6x | -37.3x | 0.7x |
| Tue, 16 Sep 2025 | RM 56.7b | RM 74.4b | -RM 1,501,007,572.00 | 12.5x | -37.8x | 0.8x |
| Thu, 14 Aug 2025 | RM 51.4b | RM 74.9b | RM 344.7m | 14x | 149x | 0.7x |
| Sat, 12 Jul 2025 | RM 48.6b | RM 75.2b | RM 561.0m | 14.7x | 86.6x | 0.6x |
| Mon, 09 Jun 2025 | RM 48.8b | RM 75.2b | RM 539.4m | 13.7x | 90.5x | 0.6x |
| Wed, 07 May 2025 | RM 49.7b | RM 74.6b | RM 1.2b | 14.9x | 41.4x | 0.7x |
| Fri, 04 Apr 2025 | RM 50.5b | RM 74.5b | RM 1.3b | 14x | 40.2x | 0.7x |
| Sun, 02 Mar 2025 | RM 53.4b | RM 74.1b | RM 1.3b | 15.2x | 42.5x | 0.7x |
| Tue, 28 Jan 2025 | RM 62.0b | RM 73.8b | RM 1.2b | 16.4x | 52.9x | 0.8x |
| Thu, 26 Dec 2024 | RM 63.4b | RM 73.8b | RM 1.2b | 17.1x | 53.9x | 0.9x |
| Sat, 23 Nov 2024 | RM 63.9b | RM 72.4b | RM 1.1b | 18.3x | 56.2x | 0.9x |
| Mon, 21 Oct 2024 | RM 69.9b | RM 71.0b | RM 2.5b | 16.2x | 27.6x | 1x |
| Wed, 18 Sep 2024 | RM 68.6b | RM 70.9b | RM 2.5b | 15.9x | 27.3x | 1x |
| Fri, 16 Aug 2024 | RM 66.7b | RM 69.8b | RM 2.3b | 19.2x | 28.9x | 1x |
| Sun, 14 Jul 2024 | RM 74.8b | RM 69.8b | RM 2.2b | 21.5x | 33.5x | 1.1x |
| Tue, 11 Jun 2024 | RM 78.5b | RM 69.8b | RM 2.2b | 22.1x | 35.2x | 1.1x |
| Thu, 09 May 2024 | RM 80.9b | RM 70.3b | RM 2.1b | 21.1x | 38.4x | 1.2x |
| Sat, 06 Apr 2024 | RM 79.3b | RM 70.3b | RM 2.0b | 24.4x | 38.8x | 1.1x |
| Mon, 04 Mar 2024 | RM 79.2b | RM 70.0b | RM 2.0b | 21x | 39.5x | 1.1x |
| Wed, 31 Jan 2024 | RM 79.4b | RM 72.6b | RM 2.4b | 22x | 32.8x | 1.1x |
| Fri, 29 Dec 2023 | RM 82.4b | RM 72.8b | RM 2.3b | 22.6x | 36.4x | 1.1x |
| Sun, 26 Nov 2023 | RM 82.4b | RM 73.0b | RM 3.7b | 17.3x | 22.1x | 1.1x |
| Tue, 24 Oct 2023 | RM 80.6b | RM 74.6b | RM 3.6b | 17.3x | 22.4x | 1.1x |
| Thu, 21 Sep 2023 | RM 82.5b | RM 74.7b | RM 3.6b | 16.8x | 22.9x | 1.1x |
| Sat, 19 Aug 2023 | RM 78.9b | RM 76.3b | RM 5.1b | 13.6x | 15.5x | 1x |
| Mon, 17 Jul 2023 | RM 75.2b | RM 77.3b | RM 5.3b | 13.6x | 14.3x | 1x |
| Wed, 14 Jun 2023 | RM 74.6b | RM 77.3b | RM 5.3b | 13.9x | 14.2x | 1x |
Price to Earnings Ratio
14.2x
Current Industry PE
- Investors are relatively neutral on the Malaysian Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- 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 decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | -0.012% | |
| Materials | 1.68% | |
| Chemicals | 2.40% | |
| Commodity Chemicals | 2.67% | |
| Diversified Chemicals | 0.47% | |
| Fertilizers and Agricultural Chemicals | -1.21% | |
| Specialty Chemicals | -2.42% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry even though it's trading below its 3-year average PE ratio of 57.5x.
- Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 21.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings growth rate of 5.7% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| PCHEM PETRONAS Chemicals Group Berhad | RM 5.43 | 4.2% +RM 1.8b | 67.1% | PS1.6x | |
| TMK TMK Chemical Bhd | RM 2.10 | 8.8% +RM 170.0m | 87.5% | PE19.7x | |
| BKAWAN Batu Kawan Berhad | RM 20.16 | 1.0% +RM 77.5m | 5.0% | PE13x | |
| HIL Hil Industries Berhad | RM 0.72 | 8.2% +RM 18.3m | -4.0% | PE7.8x | |
| FIBRO Fibromat (M) Berhad | RM 0.84 | 3.7% +RM 7.4m | 73.2% | PE11.4x |