Malaysian (KLSE) Chemicals Industry Analysis

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
Wed, 24 Jun 2026	RM 56.9b	RM 75.0b	-RM 2,233,899,625.00	12.6x	-25.5x	0.8x
Fri, 22 May 2026	RM 66.8b	RM 75.8b	-RM 3,002,638,119.00	12.6x	-22.2x	0.9x
Sun, 19 Apr 2026	RM 67.6b	RM 74.6b	-RM 3,104,490,343.00	13.6x	-21.8x	0.9x
Tue, 17 Mar 2026	RM 60.5b	RM 74.6b	-RM 3,116,086,343.00	13.3x	-19.4x	0.8x
Thu, 12 Feb 2026	RM 49.9b	RM 74.3b	-RM 796,733,895.00	12.7x	-62.6x	0.7x
Sat, 10 Jan 2026	RM 49.4b	RM 74.3b	-RM 800,045,337.00	13.7x	-61.8x	0.7x
Mon, 08 Dec 2025	RM 48.7b	RM 74.2b	-RM 809,497,337.00	12.2x	-60.1x	0.7x
Wed, 05 Nov 2025	RM 53.4b	RM 74.9b	-RM 1,401,375,466.00	13.6x	-38.1x	0.7x
Fri, 03 Oct 2025	RM 57.6b	RM 74.5b	-RM 1,487,018,572.00	13.9x	-38.7x	0.8x
Sun, 31 Aug 2025	RM 56.8b	RM 74.4b	-RM 1,486,876,312.00	12.4x	-38.2x	0.8x
Tue, 29 Jul 2025	RM 51.5b	RM 75.2b	RM 559.6m	14.3x	92.1x	0.7x
Thu, 26 Jun 2025	RM 48.5b	RM 75.2b	RM 556.6m	13.7x	87.2x	0.6x
Sat, 24 May 2025	RM 50.4b	RM 75.3b	RM 558.5m	13.7x	90.3x	0.7x
Mon, 21 Apr 2025	RM 48.0b	RM 74.5b	RM 1.2b	14.4x	40.3x	0.6x
Wed, 19 Mar 2025	RM 53.2b	RM 74.5b	RM 1.3b	14.6x	42.3x	0.7x
Fri, 14 Feb 2025	RM 57.6b	RM 73.7b	RM 848.2m	16.7x	67.9x	0.8x
Sun, 12 Jan 2025	RM 63.6b	RM 73.8b	RM 1.2b	17x	53.9x	0.9x
Tue, 10 Dec 2024	RM 63.0b	RM 72.5b	RM 1.1b	17x	58.5x	0.9x
Thu, 07 Nov 2024	RM 65.2b	RM 71.0b	RM 2.5b	16.7x	25.8x	0.9x
Sat, 05 Oct 2024	RM 71.0b	RM 71.0b	RM 2.5b	15.6x	28x	1x
Mon, 02 Sep 2024	RM 70.8b	RM 70.9b	RM 2.5b	16.3x	28.2x	1x
Wed, 31 Jul 2024	RM 72.3b	RM 69.8b	RM 2.2b	20.6x	32.4x	1x
Fri, 28 Jun 2024	RM 76.0b	RM 69.9b	RM 2.2b	19.4x	33.8x	1.1x
Sun, 26 May 2024	RM 80.8b	RM 69.8b	RM 2.1b	21.8x	38.9x	1.2x
Tue, 23 Apr 2024	RM 78.7b	RM 70.3b	RM 2.0b	20.2x	38.5x	1.1x
Thu, 21 Mar 2024	RM 78.5b	RM 70.0b	RM 2.0b	21.4x	39.2x	1.1x
Sat, 17 Feb 2024	RM 79.8b	RM 72.6b	RM 2.4b	22.6x	33x	1.1x
Mon, 15 Jan 2024	RM 80.8b	RM 72.8b	RM 2.3b	22.6x	35.6x	1.1x
Wed, 13 Dec 2023	RM 80.3b	RM 72.7b	RM 2.2b	22.6x	36x	1.1x
Fri, 10 Nov 2023	RM 81.9b	RM 74.2b	RM 3.9b	17.2x	21x	1.1x
Sun, 08 Oct 2023	RM 81.0b	RM 74.7b	RM 3.6b	17.1x	22.5x	1.1x
Tue, 05 Sep 2023	RM 81.3b	RM 74.7b	RM 3.6b	17.1x	22.5x	1.1x
Thu, 03 Aug 2023	RM 78.0b	RM 76.3b	RM 5.1b	13.9x	15.3x	1x
Sat, 01 Jul 2023	RM 71.6b	RM 77.4b	RM 5.3b	13.9x	13.6x	0.9x

Current Industry PE

Investors are pessimistic on the Malaysian Chemicals 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 0.90x.

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	-1.38%
Materials	-1.87%
Chemicals	-5.50%
Specialty Chemicals	0.52%
Fertilizers and Agricultural Chemicals	-0.12%
Diversified Chemicals	-0.27%
Commodity Chemicals	-5.97%

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 56.8x.

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 44% over the next 5 years.
This is better than its past earnings growth rate of 8.2% 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
BKAWAN Batu Kawan Berhad	RM 21.56	4.7% +RM 371.8m	13.2%	PE13.9x
TMK TMK Chemical Bhd	RM 2.64	6.5% +RM 160.0m	118.2%	PE24.8x
LUSTER Luster Industries Bhd	RM 0.03	20.0% +RM 14.7m	-40.0%	PS0.3x
SMART Smart Asia Chemical Bhd	RM 0.18	12.1% +RM 7.4m	-11.9%	PE20x
ZANTAT Zantat Holdings Berhad	RM 0.16	14.3% +RM 5.7m	-33.3%	PS0.5x

Batu Kawan Berhad (KLSE:BKAWAN) completed the acquisition of 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.8 million.

Batu Kawan Berhad (KLSE:BKAWAN) entered into an Unconditional share sale agreements to acquire 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.9 million on May 20, 2026. A cash consideration of MYR 21.9 million valued at MYR 0.6478 per share will be paid by Batu Kawan Berhad. As part of consideration, MYR 21.9 million is paid towards common equity of MKH Oil Palm (East Kalimantan) Berhad. In a related transaction, Batu Kawan Berhad entered into an Unconditional share sale agreements to acquire 29.60% stake in MKH Berhad (KLSE:MKH) from Chen Choy & Sons Realty Sdn Bhd for MYR 340 million. Concurrently, Batu Kawan Berhad entered into a Conditional share sale agreements to acquire 18.10% stake in MKH Berhad (KLSE:MKH) from a group of shareholders for approximately MYR 210 million. As at the date of the MKH Conditional SSA, MKH and its subsidiaries (“MKH Group”) collectively hold 65.3% of the voting shares in MKHOP. Upon the Proposed Mandatory Take-over Offer (MO) becoming unconditional as to acceptances, the Offeror will be obliged to undertake the MO for all the remaining voting shares in MKHOP not already owned by the Offeror, the Ultimate Offeror and the PACs as MKHOP constitutes a significant downstream company of MKH. The SSAs for the Acquisitions are not subject to any conditions precedent and are unconditional as at the date. The Acquisitions will be effected by way of direct business transactions which will take place within 30 days from the date of the Acquisitions SSAs. Maybank Investment Bank Berhad acted as financial advisor for Batu Kawan Berhad. Batu Kawan Berhad (KLSE:BKAWAN) completed the acquisition of 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.8 million on May 20, 2026. As part of consideration Batu Kawan Berhad paid MYR 0.648 per MKH Oil Palm (East Kalimantan) Berhad, since the offer price per share has been revised.

Malaysian (KLSE) Chemicals Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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Dividend of RM0.06 announced

Fibromat (M) Berhad Announces Retirement of Mohd Tarmim Bin Sidek as Executive Director, Effective June 10, 2026

Now 23% overvalued

First quarter 2026 earnings released

Third quarter 2026 earnings released: EPS: RM0.002 (vs RM0.005 loss in 3Q 2025)

Batu Kawan Berhad (KLSE:BKAWAN) completed the acquisition of 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.8 million.

First quarter 2026 earnings released: EPS: RM0.009 (vs RM0.002 in 1Q 2025)

Lotte Chemical Titan Holding Berhad Announces Appointment of Ng Kim Tuck as Independent and Non Executive Chairman of Audit Committee, Effective May 26, 2026

First quarter 2026 earnings released

New major risk - Share price stability