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
Thu, 28 May 2026	RM 67.1b	RM 75.0b	-RM 2,563,043,092.00	12.4x	-26.2x	0.9x
Sat, 25 Apr 2026	RM 67.5b	RM 74.6b	-RM 3,104,036,119.00	13.8x	-21.7x	0.9x
Mon, 23 Mar 2026	RM 66.6b	RM 74.6b	-RM 3,116,086,343.00	12.9x	-21.4x	0.9x
Wed, 18 Feb 2026	RM 50.6b	RM 74.3b	-RM 798,429,895.00	13.2x	-63.4x	0.7x
Fri, 16 Jan 2026	RM 49.7b	RM 74.3b	-RM 800,045,337.00	13.8x	-62.2x	0.7x
Sun, 14 Dec 2025	RM 50.2b	RM 74.2b	-RM 809,497,337.00	12.6x	-62.1x	0.7x
Tue, 11 Nov 2025	RM 52.2b	RM 74.9b	-RM 1,401,413,665.00	13.5x	-37.2x	0.7x
Thu, 09 Oct 2025	RM 57.6b	RM 74.5b	-RM 1,487,018,572.00	13.9x	-38.7x	0.8x
Sat, 06 Sep 2025	RM 55.7b	RM 74.4b	-RM 1,501,007,572.00	12.7x	-37.1x	0.7x
Mon, 04 Aug 2025	RM 53.3b	RM 75.2b	RM 268.9m	14.2x	198.3x	0.7x
Wed, 02 Jul 2025	RM 50.4b	RM 75.2b	RM 561.0m	13.5x	89.8x	0.7x
Fri, 30 May 2025	RM 50.6b	RM 75.2b	RM 541.4m	15.2x	93.4x	0.7x
Sun, 27 Apr 2025	RM 50.3b	RM 74.5b	RM 1.2b	14.1x	42.2x	0.7x
Tue, 25 Mar 2025	RM 51.9b	RM 74.5b	RM 1.3b	14.6x	41.2x	0.7x
Thu, 20 Feb 2025	RM 55.2b	RM 73.7b	RM 848.6m	16.4x	65.1x	0.7x
Sat, 18 Jan 2025	RM 62.6b	RM 73.8b	RM 1.2b	16.8x	53.4x	0.8x
Mon, 16 Dec 2024	RM 66.1b	RM 73.8b	RM 1.2b	17.5x	55.8x	0.9x
Wed, 13 Nov 2024	RM 61.9b	RM 71.0b	RM 2.3b	16.6x	26.4x	0.9x
Fri, 11 Oct 2024	RM 69.7b	RM 71.0b	RM 2.5b	15.6x	27.4x	1x
Sun, 08 Sep 2024	RM 68.6b	RM 70.9b	RM 2.5b	15.8x	27.3x	1x
Tue, 06 Aug 2024	RM 66.1b	RM 69.8b	RM 2.3b	18.5x	28.8x	0.9x
Thu, 04 Jul 2024	RM 76.2b	RM 69.8b	RM 2.2b	21.3x	34.1x	1.1x
Sat, 01 Jun 2024	RM 79.2b	RM 69.8b	RM 2.2b	20x	35.9x	1.1x
Mon, 29 Apr 2024	RM 79.4b	RM 70.3b	RM 2.0b	21.1x	38.8x	1.1x
Wed, 27 Mar 2024	RM 78.7b	RM 70.1b	RM 2.0b	18.5x	39.2x	1.1x
Fri, 23 Feb 2024	RM 81.4b	RM 71.5b	RM 2.3b	22.3x	35x	1.1x
Sun, 21 Jan 2024	RM 79.4b	RM 72.8b	RM 2.3b	22x	34.9x	1.1x
Tue, 19 Dec 2023	RM 81.8b	RM 72.8b	RM 2.3b	23.4x	36.1x	1.1x
Thu, 16 Nov 2023	RM 83.1b	RM 74.2b	RM 3.9b	17.2x	21.3x	1.1x
Sat, 14 Oct 2023	RM 83.3b	RM 74.7b	RM 3.6b	17.3x	23.1x	1.1x
Mon, 11 Sep 2023	RM 81.5b	RM 74.7b	RM 3.6b	17x	22.6x	1.1x
Wed, 09 Aug 2023	RM 78.9b	RM 76.3b	RM 5.1b	13.9x	15.5x	1x
Fri, 07 Jul 2023	RM 71.5b	RM 77.4b	RM 5.3b	13.6x	13.5x	0.9x
Sun, 04 Jun 2023	RM 75.8b	RM 77.3b	RM 5.3b	13.9x	14.4x	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	-0.61%
Materials	-0.61%
Chemicals	-2.68%
Fertilizers and Agricultural Chemicals	1.26%
Specialty Chemicals	0.61%
Diversified Chemicals	0.20%
Commodity Chemicals	-2.95%

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 57.9x.

Analysts are expecting annual earnings growth of 14.6%, which is lower than the prior year's growth of 23.5% per year.

Forecasted Growth

Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 50% 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 5.51	1.1% +RM 480.0m	60.6%	PS1.6x
SCIENTX Scientex Berhad	RM 3.52	1.1% +RM 62.3m	0.3%	PE9.8x
TMK TMK Chemical Bhd	RM 1.91	2.1% +RM 40.0m	67.5%	PE17.9x
SAB Southern Acids (M) Berhad	RM 3.18	1.6% +RM 6.8m	-4.2%	PE11.6x
SMART Smart Asia Chemical Bhd	RM 0.19	8.6% +RM 5.5m	-13.6%	PE75.2x

Company

Last Price

Valuation

PCHEM PETRONAS Chemicals Group Berhad

RM 5.51

1.1%
+RM 480.0m

60.6%

PS1.6x

SCIENTX Scientex Berhad

RM 3.52

1.1%
+RM 62.3m

0.3%

PE9.8x

TMK TMK Chemical Bhd

RM 1.91

2.1%
+RM 40.0m

67.5%

PE17.9x

SAB Southern Acids (M) Berhad

RM 3.18

1.6%
+RM 6.8m

-4.2%

PE11.6x

SMART Smart Asia Chemical Bhd

RM 0.19

8.6%
+RM 5.5m

-13.6%

PE75.2x

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.

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.

Malaysian (KLSE) Chemicals Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Full year 2026 earnings released: EPS: RM0.018 (vs RM0.019 in FY 2025)

We Believe Fibromat (M) Berhad's (KLSE:FIBRO) Earnings Are A Poor Guide For Its Profitability

First quarter 2026 earnings released: EPS: RM0.03 (vs RM0.021 in 1Q 2025)

Full year 2026 earnings released: EPS: RM0.27 (vs RM0.27 in FY 2025)

New minor risk - Share price stability

First quarter 2026 earnings released: EPS: RM0.011 (vs RM0.017 in 1Q 2025)

First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

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.

Here's Why Scientex Berhad (KLSE:SCIENTX) Has Caught The Eye Of Investors

Third quarter 2026 earnings released: RM0.003 loss per share (vs RM0.013 profit in 3Q 2025)

New minor risk - Share price stability

Cropmate Berhad, Annual General Meeting, Jun 11, 2026

Full year 2025 earnings released: EPS: RM0.016 (vs RM0.015 in FY 2024)

New major risk - Share price stability

Third quarter 2026 earnings released: EPS: RM0.12 (vs RM0.015 in 3Q 2025)

Second quarter 2026 earnings released: EPS: RM0.005 (vs RM0.004 in 2Q 2025)