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
Tue, 09 Jun 2026	RM 67.5b	RM 75.0b	-RM 2,252,366,275.00	12.6x	-30x	0.9x
Thu, 07 May 2026	RM 70.3b	RM 74.7b	-RM 3,073,306,119.00	13.2x	-22.9x	0.9x
Sat, 04 Apr 2026	RM 70.3b	RM 74.6b	-RM 3,104,746,343.00	13.1x	-22.6x	0.9x
Mon, 02 Mar 2026	RM 46.7b	RM 74.6b	-RM 3,101,733,572.00	13.8x	-15x	0.6x
Wed, 28 Jan 2026	RM 50.8b	RM 74.3b	-RM 797,174,337.00	12.9x	-63.7x	0.7x
Fri, 26 Dec 2025	RM 52.2b	RM 74.3b	-RM 800,045,337.00	13.2x	-65.3x	0.7x
Sun, 23 Nov 2025	RM 48.9b	RM 74.7b	-RM 1,414,657,665.00	14.1x	-34.6x	0.7x
Tue, 21 Oct 2025	RM 55.5b	RM 74.5b	-RM 1,487,156,149.00	13.6x	-37.3x	0.7x
Thu, 18 Sep 2025	RM 58.0b	RM 74.4b	-RM 1,501,007,572.00	12.8x	-38.7x	0.8x
Sat, 16 Aug 2025	RM 51.0b	RM 73.6b	-RM 1,513,307,206.00	13x	-33.7x	0.7x
Mon, 14 Jul 2025	RM 48.8b	RM 75.2b	RM 561.0m	14.6x	87x	0.6x
Wed, 11 Jun 2025	RM 49.4b	RM 75.2b	RM 539.4m	13.6x	91.7x	0.7x
Fri, 09 May 2025	RM 51.3b	RM 74.2b	RM 1.2b	13.9x	41.1x	0.7x
Sun, 06 Apr 2025	RM 48.7b	RM 74.5b	RM 1.3b	13.8x	38.8x	0.7x
Tue, 04 Mar 2025	RM 53.8b	RM 74.5b	RM 1.3b	15.2x	42.2x	0.7x
Thu, 30 Jan 2025	RM 62.2b	RM 73.8b	RM 1.2b	16.7x	53.1x	0.8x
Sat, 28 Dec 2024	RM 66.1b	RM 73.8b	RM 1.2b	17.2x	56.2x	0.9x
Mon, 25 Nov 2024	RM 63.9b	RM 72.4b	RM 1.1b	18.3x	56.2x	0.9x
Wed, 23 Oct 2024	RM 70.3b	RM 71.0b	RM 2.5b	16.2x	27.8x	1x
Fri, 20 Sep 2024	RM 69.4b	RM 70.9b	RM 2.5b	16.1x	27.6x	1x
Sun, 18 Aug 2024	RM 69.5b	RM 70.5b	RM 2.5b	19.3x	28.3x	1x
Tue, 16 Jul 2024	RM 74.3b	RM 69.8b	RM 2.2b	21.3x	33.3x	1.1x
Thu, 13 Jun 2024	RM 78.3b	RM 69.8b	RM 2.2b	21.9x	35.1x	1.1x
Sat, 11 May 2024	RM 80.5b	RM 70.3b	RM 2.1b	21.2x	38.2x	1.1x
Mon, 08 Apr 2024	RM 79.3b	RM 70.3b	RM 2.0b	24.4x	38.8x	1.1x
Wed, 06 Mar 2024	RM 78.5b	RM 70.0b	RM 2.0b	20.9x	39.1x	1.1x
Fri, 02 Feb 2024	RM 78.9b	RM 72.6b	RM 2.4b	22x	32.6x	1.1x
Sun, 31 Dec 2023	RM 82.0b	RM 72.8b	RM 2.3b	22.6x	36.1x	1.1x
Tue, 28 Nov 2023	RM 80.6b	RM 73.0b	RM 3.7b	17.3x	21.6x	1.1x
Thu, 26 Oct 2023	RM 82.2b	RM 74.6b	RM 3.6b	17.3x	22.8x	1.1x
Sat, 23 Sep 2023	RM 83.2b	RM 74.7b	RM 3.6b	16.9x	23.1x	1.1x
Mon, 21 Aug 2023	RM 78.9b	RM 76.3b	RM 5.1b	13.6x	15.5x	1x
Wed, 19 Jul 2023	RM 74.5b	RM 77.3b	RM 5.3b	13.6x	14.1x	1x
Fri, 16 Jun 2023	RM 73.8b	RM 77.3b	RM 5.3b	13.6x	14.1x	1x

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	-1.11%
Materials	1.12%
Chemicals	3.74%
Commodity Chemicals	4.17%
Diversified Chemicals	-0.47%
Fertilizers and Agricultural Chemicals	-1.80%
Specialty Chemicals	-2.13%

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 5.54	6.3% +RM 2.6b	65.4%	PS1.7x
TMK TMK Chemical Bhd	RM 2.07	7.3% +RM 140.0m	81.6%	PE19.4x
BKAWAN Batu Kawan Berhad	RM 20.22	1.3% +RM 100.7m	6.4%	PE13.1x
HIL Hil Industries Berhad	RM 0.72	8.2% +RM 18.3m	-4.0%	PE7.8x
POLYMER Polymer Link Holdings Berhad	RM 0.14	3.8% +RM 2.8m	n/a	PE45.8x

Company

Last Price

Valuation

PCHEM PETRONAS Chemicals Group Berhad

RM 5.54

6.3%
+RM 2.6b

65.4%

PS1.7x

TMK TMK Chemical Bhd

RM 2.07

7.3%
+RM 140.0m

81.6%

PE19.4x

BKAWAN Batu Kawan Berhad

RM 20.22

1.3%
+RM 100.7m

6.4%

PE13.1x

HIL Hil Industries Berhad

RM 0.72

8.2%
+RM 18.3m

-4.0%

PE7.8x

POLYMER Polymer Link Holdings Berhad

RM 0.14

3.8%
+RM 2.8m

n/a

PE45.8x

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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