Bahvest Resources Berhad's (KLSE:BAHVEST) 27% Jump Shows Its Popularity With Investors
Apr 09
Malaysian (KLSE) Metals and Mining Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies36
- 7D1.3%
- 3M8.2%
- 1Y-0.6%
- YTD5.2%
In the last week, the Metals and Mining industry is up 1.3%, with Press Metal Aluminium Holdings Berhad up 2.1%. During this same period, the PMB Technology Berhad underperformed, falling 5.1%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Malaysian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Apr 2024 | RM57.4b | RM38.6b | RM1.2b | 19x | 47.9x | 1.5x |
| Sat, 16 Mar 2024 | RM52.4b | RM38.4b | RM1.2b | 19x | 43.7x | 1.4x |
| Mon, 12 Feb 2024 | RM51.6b | RM39.3b | RM1.1b | 12.8x | 45.9x | 1.3x |
| Wed, 10 Jan 2024 | RM54.1b | RM39.1b | RM1.1b | 12.2x | 48.5x | 1.4x |
| Fri, 08 Dec 2023 | RM52.1b | RM39.1b | RM1.1b | 12.8x | 48.5x | 1.3x |
| Sun, 05 Nov 2023 | RM53.6b | RM39.9b | RM850.8m | 15.3x | 63x | 1.3x |
| Tue, 03 Oct 2023 | RM53.2b | RM39.9b | RM852.0m | 15.8x | 62.4x | 1.3x |
| Thu, 31 Aug 2023 | RM54.3b | RM39.9b | RM859.3m | 16x | 63.2x | 1.4x |
| Sat, 29 Jul 2023 | RM55.9b | RM41.3b | RM1.2b | 20.8x | 47.4x | 1.4x |
| Mon, 26 Jun 2023 | RM52.1b | RM41.4b | RM1.2b | 18.1x | 43.6x | 1.3x |
| Wed, 24 May 2023 | RM51.7b | RM43.0b | RM1.6b | 11.5x | 32.8x | 1.2x |
| Fri, 21 Apr 2023 | RM56.5b | RM43.1b | RM1.6b | 10.6x | 34.7x | 1.3x |
| Sun, 19 Mar 2023 | RM52.9b | RM43.1b | RM1.6b | 10.6x | 32.2x | 1.2x |
| Tue, 14 Feb 2023 | RM57.4b | RM43.2b | RM2.9b | 7.2x | 20.1x | 1.3x |
| Thu, 12 Jan 2023 | RM54.6b | RM43.1b | RM2.9b | 6.7x | 19.1x | 1.3x |
| Sat, 10 Dec 2022 | RM52.9b | RM43.1b | RM3.0b | 6x | 17.8x | 1.2x |
| Mon, 07 Nov 2022 | RM48.0b | RM40.2b | RM3.5b | 5.1x | 13.8x | 1.2x |
| Wed, 05 Oct 2022 | RM44.6b | RM40.0b | RM3.5b | 4.6x | 12.9x | 1.1x |
| Fri, 02 Sep 2022 | RM50.4b | RM39.6b | RM3.5b | 4.7x | 14.5x | 1.3x |
| Sun, 31 Jul 2022 | RM51.1b | RM36.8b | RM3.4b | 5.6x | 15.2x | 1.4x |
| Tue, 28 Jun 2022 | RM49.3b | RM36.5b | RM3.4b | 5.1x | 14.6x | 1.4x |
| Thu, 26 May 2022 | RM56.4b | RM33.9b | RM3.2b | 6.1x | 17.5x | 1.7x |
| Sat, 23 Apr 2022 | RM67.9b | RM33.7b | RM3.2b | 6.8x | 21.2x | 2x |
| Mon, 21 Mar 2022 | RM65.0b | RM33.6b | RM3.2b | 6.1x | 20.3x | 1.9x |
| Wed, 16 Feb 2022 | RM69.0b | RM30.7b | RM2.5b | 7.3x | 27.1x | 2.2x |
| Fri, 14 Jan 2022 | RM62.1b | RM30.5b | RM2.5b | 6.4x | 24.7x | 2x |
| Sun, 12 Dec 2021 | RM55.6b | RM30.3b | RM2.5b | 6x | 22.6x | 1.8x |
| Tue, 09 Nov 2021 | RM56.0b | RM29.3b | RM2.0b | 7.7x | 28x | 1.9x |
| Thu, 07 Oct 2021 | RM60.1b | RM29.4b | RM2.0b | 7.5x | 30.2x | 2x |
| Sat, 04 Sep 2021 | RM55.4b | RM29.0b | RM1.7b | 10x | 32.7x | 1.9x |
| Mon, 02 Aug 2021 | RM49.3b | RM29.0b | RM1.7b | 8.3x | 29.1x | 1.7x |
| Thu, 06 May 2021 | RM54.1b | RM26.7b | RM1.2b | 16x | 46x | 2x |
Price to Earnings Ratio
46x
Current Industry PE
- Investors are optimistic on the Malaysian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.9x which is higher than its 3-year average PE of 32.5x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | -1.10% | |
| Materials | 0.29% | |
| Metals and Mining | 1.26% | |
| Diversified Metals and Mining | 2.34% | |
| Aluminum | 1.38% | |
| Gold | 0.88% | |
| Copper | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -0.18% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 882x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Aluminum industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| PMETAL Press Metal Aluminium Holdings Berhad | RM5.28 | 2.5% +RM1.1b | 1.5% | PE35.8x | |
| MSC Malaysia Smelting Corporation Berhad | RM2.88 | 12.1% +RM130.2m | 41.9% | PE14.2x | |
| PANTECH Pantech Group Holdings Berhad | RM1.04 | 4.5% +RM37.5m | 30.8% | PE8.6x | |
| MESTRON Mestron Holdings Berhad | RM0.34 | 6.3% +RM20.0m | -19.3% | PE28.4x | |
| HIAPTEK Hiap Teck Venture Berhad | RM0.41 | 1.2% +RM8.7m | 18.6% | PE10.4x |
