Investor Optimism Abounds Malaysia Smelting Corporation Berhad (KLSE:MSC) But Growth Is Lacking
Jan 07
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Malaysian (KLSE) Metals and Mining Industry Analysis
UpdatedJan 07, 2026
DataAggregated Company Financials
Companies40
- 7D-1.6%
- 3M13.8%
- 1Y29.8%
- YTD0.3%
Over the last 7 days, the Metals and Mining industry has dropped 1.6%, driven by a pullback from Press Metal Aluminium Holdings Berhad of 0.1%. Meanwhile, Malaysia Smelting Corporation Berhad actually outperformed within the industry, gaining 16% in the last week. Over the past 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 13% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 07 Jan 2026 | RM 69.8b | RM 41.0b | RM 2.0b | 16.7x | 35x | 1.7x |
| Fri, 05 Dec 2025 | RM 67.2b | RM 41.1b | RM 2.0b | 16.7x | 34x | 1.6x |
| Sun, 02 Nov 2025 | RM 64.3b | RM 40.7b | RM 1.7b | 18.4x | 37.1x | 1.6x |
| Tue, 30 Sep 2025 | RM 61.0b | RM 40.8b | RM 1.7b | 18.5x | 35.1x | 1.5x |
| Thu, 28 Aug 2025 | RM 58.7b | RM 41.3b | RM 1.8b | 17.2x | 31.8x | 1.4x |
| Sat, 26 Jul 2025 | RM 55.7b | RM 40.8b | RM 1.9b | 14.8x | 29.6x | 1.4x |
| Mon, 23 Jun 2025 | RM 51.8b | RM 41.0b | RM 1.9b | 14x | 27.3x | 1.3x |
| Wed, 21 May 2025 | RM 53.4b | RM 41.2b | RM 2.0b | 14x | 26.4x | 1.3x |
| Fri, 18 Apr 2025 | RM 51.5b | RM 41.7b | RM 2.0b | 12x | 25.4x | 1.2x |
| Sun, 16 Mar 2025 | RM 54.1b | RM 41.8b | RM 2.0b | 12.6x | 26.9x | 1.3x |
| Tue, 11 Feb 2025 | RM 54.7b | RM 41.0b | RM 1.7b | 12.8x | 31.5x | 1.3x |
| Thu, 09 Jan 2025 | RM 52.7b | RM 40.9b | RM 1.7b | 13x | 30.6x | 1.3x |
| Sat, 07 Dec 2024 | RM 54.0b | RM 40.7b | RM 1.7b | 13.1x | 32.3x | 1.3x |
| Mon, 04 Nov 2024 | RM 51.1b | RM 40.2b | RM 1.6b | 12.5x | 32.8x | 1.3x |
| Wed, 02 Oct 2024 | RM 55.0b | RM 40.2b | RM 1.6b | 12.9x | 35.1x | 1.4x |
| Fri, 30 Aug 2024 | RM 55.1b | RM 39.8b | RM 1.4b | 13.1x | 40.5x | 1.4x |
| Sun, 28 Jul 2024 | RM 56.2b | RM 39.7b | RM 1.4b | 15.3x | 40.9x | 1.4x |
| Tue, 25 Jun 2024 | RM 62.2b | RM 39.3b | RM 1.3b | 15.6x | 47x | 1.6x |
| Thu, 23 May 2024 | RM 58.9b | RM 38.5b | RM 1.2b | 17.1x | 48.7x | 1.5x |
| Sat, 20 Apr 2024 | RM 57.7b | RM 38.6b | RM 1.2b | 20x | 48.2x | 1.5x |
| Mon, 18 Mar 2024 | RM 52.4b | RM 38.4b | RM 1.2b | 19x | 43.7x | 1.4x |
| Wed, 14 Feb 2024 | RM 51.8b | RM 39.3b | RM 1.1b | 12.8x | 46.1x | 1.3x |
| Fri, 12 Jan 2024 | RM 54.3b | RM 39.1b | RM 1.1b | 12.2x | 48.6x | 1.4x |
| Sun, 10 Dec 2023 | RM 52.3b | RM 39.1b | RM 1.1b | 12.8x | 48.6x | 1.3x |
| Tue, 07 Nov 2023 | RM 53.5b | RM 39.9b | RM 850.8m | 15.5x | 62.9x | 1.3x |
| Thu, 05 Oct 2023 | RM 53.2b | RM 39.9b | RM 852.0m | 16x | 62.4x | 1.3x |
| Sat, 02 Sep 2023 | RM 55.1b | RM 39.9b | RM 840.2m | 16.3x | 65.5x | 1.4x |
| Mon, 31 Jul 2023 | RM 55.9b | RM 41.3b | RM 1.2b | 20.8x | 47.4x | 1.4x |
| Wed, 28 Jun 2023 | RM 51.7b | RM 41.4b | RM 1.2b | 17.5x | 43.2x | 1.2x |
| Fri, 26 May 2023 | RM 51.5b | RM 43.0b | RM 1.6b | 11.3x | 32.6x | 1.2x |
| Sun, 23 Apr 2023 | RM 56.5b | RM 43.1b | RM 1.6b | 10.6x | 34.7x | 1.3x |
| Tue, 21 Mar 2023 | RM 52.8b | RM 43.1b | RM 1.6b | 10.5x | 32.1x | 1.2x |
| Thu, 16 Feb 2023 | RM 59.0b | RM 43.2b | RM 2.9b | 7.4x | 20.6x | 1.4x |
| Sat, 14 Jan 2023 | RM 56.0b | RM 43.2b | RM 2.9b | 6x | 19.5x | 1.3x |
Price to Earnings Ratio
19.5x
Current Industry PE
- Investors are pessimistic on the Malaysian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 35.0x which is lower than its 3-year average PE of 38.5x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 11% per year over the last three years.
- 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 | 0.29% | |
| Materials | -1.36% | |
| Metals and Mining | -1.60% | |
| Diversified Metals and Mining | 4.01% | |
| Gold | 3.42% | |
| Steel | 1.30% | |
| Aluminum | -2.13% | |
Industry PE
- Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 566x.
- Analysts are expecting annual earnings growth of 42.9%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 3.8% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| MSC Malaysia Smelting Corporation Berhad | RM 1.86 | 16.3% +RM 218.4m | 64.6% | PE21.6x | |
| PMBTECH PMB Technology Berhad | RM 1.20 | 1.7% +RM 37.4m | -33.0% | PE44.2x | |
| AUMAS AuMas Resources Berhad | RM 0.59 | 2.6% +RM 27.3m | -23.7% | PE32.1x | |
| PA P.A. Resources Berhad | RM 0.15 | 6.9% +RM 15.0m | -40.4% | PE7.9x | |
| MAYU Mayu Global Group Berhad | RM 0.12 | 26.3% +RM 12.1m | -55.6% | PS1.1x |
