Analysis Article • May 29
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- 7D-11.6%
- 3M-9.5%
- 1Y23.2%
- YTD18.6%
Over the last 7 days, the Chemicals industry has dropped 12%, driven by PETRONAS Chemicals Group Berhad declining 21%. Meanwhile, TMK Chemical Bhd actually outperformed within the industry, gaining 8.7% in the last week. In the past year, the industry has gained 23%. As for the next few years, earnings are expected to grow by 44% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | RM 60.2b | RM 75.0b | -RM 2,233,965,625.00 | 12.4x | -27x | 0.8x |
| Sun, 17 May 2026 | RM 68.1b | RM 75.6b | -RM 3,082,231,119.00 | 13.2x | -22.1x | 0.9x |
| Tue, 14 Apr 2026 | RM 71.2b | RM 74.6b | -RM 3,104,746,343.00 | 13.1x | -22.9x | 1x |
| Thu, 12 Mar 2026 | RM 55.6b | RM 74.6b | -RM 3,127,319,343.00 | 13.1x | -17.8x | 0.7x |
| Sat, 07 Feb 2026 | RM 48.4b | RM 74.3b | -RM 796,733,895.00 | 12.8x | -60.8x | 0.7x |
| Mon, 05 Jan 2026 | RM 50.7b | RM 74.3b | -RM 800,045,337.00 | 13.3x | -63.3x | 0.7x |
| Wed, 03 Dec 2025 | RM 49.0b | RM 74.2b | -RM 809,497,337.00 | 12.8x | -60.6x | 0.7x |
| Fri, 31 Oct 2025 | RM 54.8b | RM 74.4b | -RM 1,480,292,466.00 | 13.6x | -37x | 0.7x |
| Sun, 28 Sep 2025 | RM 60.1b | RM 74.5b | -RM 1,487,018,572.00 | 14x | -40.4x | 0.8x |
| Tue, 26 Aug 2025 | RM 59.0b | RM 73.6b | -RM 1,513,628,206.00 | 14.6x | -39x | 0.8x |
| Thu, 24 Jul 2025 | RM 49.5b | RM 75.2b | RM 559.6m | 14.6x | 88.4x | 0.7x |
| Sat, 21 Jun 2025 | RM 46.9b | RM 75.2b | RM 556.6m | 14x | 84.2x | 0.6x |
| Mon, 19 May 2025 | RM 55.4b | RM 74.3b | RM 1.2b | 14.4x | 44.7x | 0.7x |
| Wed, 16 Apr 2025 | RM 47.5b | RM 74.6b | RM 1.2b | 13.9x | 39.8x | 0.6x |
| Fri, 14 Mar 2025 | RM 52.7b | RM 74.5b | RM 1.3b | 13.8x | 41.9x | 0.7x |
| Sun, 09 Feb 2025 | RM 60.0b | RM 73.7b | RM 848.2m | 17.5x | 70.8x | 0.8x |
| Tue, 07 Jan 2025 | RM 65.1b | RM 73.8b | RM 1.2b | 17.3x | 55.2x | 0.9x |
| Thu, 05 Dec 2024 | RM 63.8b | RM 72.5b | RM 1.1b | 17.2x | 59.2x | 0.9x |
| Sat, 02 Nov 2024 | RM 67.9b | RM 71.0b | RM 2.5b | 16.3x | 26.8x | 1x |
| Mon, 30 Sep 2024 | RM 70.1b | RM 71.0b | RM 2.5b | 15.9x | 27.6x | 1x |
| Wed, 28 Aug 2024 | RM 71.0b | RM 70.9b | RM 2.5b | 16.8x | 28.3x | 1x |
| Fri, 26 Jul 2024 | RM 73.2b | RM 69.8b | RM 2.2b | 20.8x | 32.8x | 1x |
| Sun, 23 Jun 2024 | RM 77.6b | RM 69.9b | RM 2.2b | 20.9x | 34.5x | 1.1x |
| Tue, 21 May 2024 | RM 82.2b | RM 70.3b | RM 2.1b | 20.2x | 39x | 1.2x |
| Thu, 18 Apr 2024 | RM 78.9b | RM 70.3b | RM 2.0b | 20.3x | 38.5x | 1.1x |
| Sat, 16 Mar 2024 | RM 79.1b | RM 70.0b | RM 2.0b | 21.3x | 39.5x | 1.1x |
| Mon, 12 Feb 2024 | RM 78.3b | RM 72.6b | RM 2.4b | 22.3x | 32.3x | 1.1x |
| Wed, 10 Jan 2024 | RM 82.4b | RM 72.8b | RM 2.3b | 22.9x | 36.3x | 1.1x |
| Fri, 08 Dec 2023 | RM 79.3b | RM 72.7b | RM 2.2b | 22.6x | 35.5x | 1.1x |
| Sun, 05 Nov 2023 | RM 81.6b | RM 74.2b | RM 3.9b | 17.2x | 20.9x | 1.1x |
| Tue, 03 Oct 2023 | RM 80.7b | RM 74.7b | RM 3.6b | 17.4x | 22.4x | 1.1x |
| Thu, 31 Aug 2023 | RM 81.2b | RM 74.8b | RM 3.6b | 18.3x | 22.4x | 1.1x |
| Sat, 29 Jul 2023 | RM 79.0b | RM 76.3b | RM 5.1b | 13.9x | 15.5x | 1x |
| Mon, 26 Jun 2023 | RM 73.1b | RM 77.4b | RM 5.3b | 13.5x | 13.9x | 0.9x |
Price to Earnings Ratio
13.9x
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 | 1.14% | |
| Materials | -7.76% | |
| Chemicals | -11.57% | |
| Diversified Chemicals | 0.29% | |
| Fertilizers and Agricultural Chemicals | -2.87% | |
| Specialty Chemicals | -2.98% | |
| Commodity Chemicals | -12.30% | |
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 57.1x.
- 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 | |
|---|---|---|---|---|---|
| TMK TMK Chemical Bhd | RM 2.49 | 8.7% +RM 200.0m | 107.5% | PE23.4x | |
| SCIENTX Scientex Berhad | RM 3.77 | 1.6% +RM 93.4m | 13.9% | PE10.2x | |
| HEXTAR Hextar Global Berhad | RM 0.79 | 0.6% +RM 19.3m | -11.8% | PE48.6x | |
| TECHBND Techbond Group Berhad | RM 0.28 | 1.9% +RM 3.8m | -15.4% | PE12.6x | |
| SENFONG Seng Fong Holdings Berhad | RM 0.68 | 0.7% +RM 3.6m | -16.7% | PS0.4x |