Solid Earnings May Not Tell The Whole Story For K. Seng Seng Corporation Berhad (KLSE:KSSC)
Nov 26
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Malaysian (KLSE) Steel Industry Analysis
UpdatedDec 03, 2025
DataAggregated Company Financials
Companies25
- 7D-0.1%
- 3M-3.3%
- 1Y-21.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.4%, driven by declines in Pantech Global Berhad and Pantech Group Holdings Berhad of 7.2% and 4.7%, respectively. In contrast, Southern Steel Berhad has gained 8.1%. The industry has fallen 21% in the last year. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Malaysian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Dec 2025 | RM 5.2b | RM 17.8b | -RM 199,376,032.00 | 14.8x | -25.9x | 0.3x |
| Fri, 31 Oct 2025 | RM 5.3b | RM 17.9b | -RM 273,644,827.00 | 17.7x | -19.4x | 0.3x |
| Sun, 28 Sep 2025 | RM 5.3b | RM 17.9b | -RM 264,349,404.00 | 16.6x | -20.2x | 0.3x |
| Tue, 26 Aug 2025 | RM 5.4b | RM 18.2b | -RM 207,950,781.00 | 12x | -26.1x | 0.3x |
| Thu, 24 Jul 2025 | RM 5.4b | RM 18.2b | -RM 189,984,357.00 | 11.1x | -28.2x | 0.3x |
| Sat, 21 Jun 2025 | RM 5.1b | RM 18.3b | -RM 177,406,309.00 | 10.7x | -28.8x | 0.3x |
| Mon, 19 May 2025 | RM 5.7b | RM 18.9b | RM 5.0m | 11.7x | 1120.8x | 0.3x |
| Wed, 16 Apr 2025 | RM 5.2b | RM 19.4b | RM 9.7m | 10.4x | 534x | 0.3x |
| Fri, 14 Mar 2025 | RM 5.5b | RM 19.5b | RM 10.7m | 11.1x | 512.9x | 0.3x |
| Sun, 09 Feb 2025 | RM 5.6b | RM 18.9b | -RM 83,725,648.00 | 8.8x | -66.4x | 0.3x |
| Tue, 07 Jan 2025 | RM 5.3b | RM 18.7b | -RM 96,169,812.00 | 9.4x | -55.2x | 0.3x |
| Thu, 05 Dec 2024 | RM 5.2b | RM 18.8b | -RM 140,299,812.00 | 9.6x | -37.1x | 0.3x |
| Sat, 02 Nov 2024 | RM 5.2b | RM 18.7b | -RM 128,079,435.00 | 9.3x | -40.3x | 0.3x |
| Mon, 30 Sep 2024 | RM 5.4b | RM 18.7b | -RM 120,397,435.00 | 9.1x | -44.6x | 0.3x |
| Wed, 28 Aug 2024 | RM 5.5b | RM 18.7b | -RM 119,478,089.00 | 13x | -46.2x | 0.3x |
| Fri, 26 Jul 2024 | RM 5.9b | RM 18.4b | -RM 121,646,089.00 | 11.9x | -48.3x | 0.3x |
| Sun, 23 Jun 2024 | RM 5.9b | RM 18.3b | -RM 153,688,121.00 | 12.1x | -38.3x | 0.3x |
| Tue, 21 May 2024 | RM 5.9b | RM 18.1b | -RM 171,049,486.00 | 11.3x | -34.6x | 0.3x |
| Thu, 18 Apr 2024 | RM 5.7b | RM 18.1b | -RM 172,933,608.00 | 10.3x | -32.7x | 0.3x |
| Sat, 16 Mar 2024 | RM 5.4b | RM 18.0b | -RM 171,946,608.00 | 10.1x | -31.6x | 0.3x |
| Mon, 12 Feb 2024 | RM 5.5b | RM 18.3b | -RM 264,865,399.00 | 11.5x | -20.6x | 0.3x |
| Wed, 10 Jan 2024 | RM 6.2b | RM 18.3b | -RM 251,354,399.00 | 12.1x | -24.6x | 0.3x |
| Fri, 08 Dec 2023 | RM 5.9b | RM 18.3b | -RM 291,062,399.00 | 12.7x | -20.3x | 0.3x |
| Sun, 05 Nov 2023 | RM 5.8b | RM 18.4b | -RM 528,099,966.00 | 18.3x | -11x | 0.3x |
| Tue, 03 Oct 2023 | RM 6.0b | RM 18.4b | -RM 526,935,748.00 | 19x | -11.3x | 0.3x |
| Thu, 31 Aug 2023 | RM 5.9b | RM 18.3b | -RM 529,349,631.00 | 20.5x | -11.1x | 0.3x |
| Sat, 29 Jul 2023 | RM 5.5b | RM 19.0b | -RM 418,175,557.00 | 33.3x | -13.1x | 0.3x |
| Mon, 26 Jun 2023 | RM 5.2b | RM 19.1b | -RM 416,979,459.00 | 22.6x | -12.4x | 0.3x |
| Wed, 24 May 2023 | RM 5.3b | RM 19.5b | -RM 268,417,603.00 | 15.2x | -19.6x | 0.3x |
| Fri, 21 Apr 2023 | RM 5.5b | RM 19.6b | -RM 265,327,794.00 | 11.1x | -20.6x | 0.3x |
| Sun, 19 Mar 2023 | RM 5.4b | RM 19.6b | -RM 259,507,794.00 | 10.9x | -20.6x | 0.3x |
| Tue, 14 Feb 2023 | RM 6.0b | RM 20.2b | RM 849.4m | 6.1x | 7x | 0.3x |
| Thu, 12 Jan 2023 | RM 5.8b | RM 20.1b | RM 835.1m | 6.4x | 6.9x | 0.3x |
| Sat, 10 Dec 2022 | RM 5.4b | RM 20.2b | RM 955.3m | 5.5x | 5.7x | 0.3x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are relatively neutral on the Malaysian Steel 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 0.29x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 4.1% per year, which is driving profits down.
Industry Comparison
How does Malaysian Steel compare with similar industries?
| MY Market | 0.27% | |
| Materials | 3.93% | |
| Metals and Mining | 4.16% | |
| Steel | -0.12% | |
| Aluminum | 4.94% | |
| Diversified Metals and Mining | 0.29% | |
| Gold | -5.63% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LEFORM Leform Berhad | RM 0.17 | 6.1% +RM 14.8m | 25.0% | PE90.7x | |
| COLFORM Colform Group Berhad | RM 0.32 | 6.7% +RM 12.0m | n/a | PE11.5x | |
| CSCSTEL CSC Steel Holdings Berhad | RM 1.37 | 1.5% +RM 7.4m | 17.1% | PE8.1x | |
| PRESTAR Prestar Resources Berhad | RM 0.32 | 6.7% +RM 7.1m | -20.0% | PE8.3x | |
| LYSAGHT Lysaght Galvanized Steel Berhad | RM 2.50 | 4.2% +RM 4.2m | -7.4% | PE16.4x |