Investor Optimism Abounds Bright Packaging Industry Berhad (KLSE:BRIGHT) But Growth Is Lacking
Jan 18
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Malaysian (KLSE) Packaging Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies24
- 7D-1.8%
- 3M-4.6%
- 1Y-8.7%
- YTD-3.1%
Over the last 7 days, the Packaging industry has dropped 1.8%, driven by Can-One Berhad declining 3.4%. Overall the industry is down 8.7% in 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Malaysian Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | RM 5.3b | RM 10.4b | RM 205.5m | 14.2x | 25.6x | 0.5x |
| Thu, 19 Dec 2024 | RM 5.5b | RM 10.4b | RM 208.7m | 14.6x | 26.2x | 0.5x |
| Sat, 16 Nov 2024 | RM 5.5b | RM 10.3b | RM 330.5m | 12.2x | 16.7x | 0.5x |
| Mon, 14 Oct 2024 | RM 5.1b | RM 10.1b | RM 301.3m | 12.2x | 16.9x | 0.5x |
| Wed, 11 Sep 2024 | RM 5.1b | RM 10.1b | RM 292.7m | 12.5x | 17.5x | 0.5x |
| Fri, 09 Aug 2024 | RM 5.4b | RM 10.0b | RM 317.3m | 12.7x | 17.1x | 0.5x |
| Sun, 07 Jul 2024 | RM 5.9b | RM 10.1b | RM 319.3m | 15.5x | 18.6x | 0.6x |
| Tue, 04 Jun 2024 | RM 5.9b | RM 9.9b | RM 302.6m | 13.3x | 19.5x | 0.6x |
| Thu, 02 May 2024 | RM 5.8b | RM 9.9b | RM 357.9m | 12.4x | 16.2x | 0.6x |
| Sat, 30 Mar 2024 | RM 5.5b | RM 9.9b | RM 358.0m | 11.9x | 15.3x | 0.6x |
| Mon, 26 Feb 2024 | RM 5.2b | RM 9.9b | RM 323.4m | 11.8x | 16.1x | 0.5x |
| Wed, 24 Jan 2024 | RM 5.1b | RM 9.9b | RM 272.9m | 11.8x | 18.8x | 0.5x |
| Fri, 22 Dec 2023 | RM 5.0b | RM 9.9b | RM 272.5m | 11.7x | 18.5x | 0.5x |
| Sun, 19 Nov 2023 | RM 5.1b | RM 10.1b | RM 327.6m | 15.6x | 15.6x | 0.5x |
| Tue, 17 Oct 2023 | RM 5.1b | RM 10.1b | RM 336.1m | 14.3x | 15.2x | 0.5x |
| Thu, 14 Sep 2023 | RM 5.3b | RM 10.1b | RM 667.8m | 12.5x | 7.9x | 0.5x |
| Sat, 12 Aug 2023 | RM 5.3b | RM 10.5b | RM 545.9m | 11.3x | 9.7x | 0.5x |
| Mon, 10 Jul 2023 | RM 5.2b | RM 10.5b | RM 549.9m | 11.2x | 9.5x | 0.5x |
| Wed, 07 Jun 2023 | RM 4.6b | RM 7.3b | RM 486.3m | 10.9x | 9.4x | 0.6x |
| Fri, 05 May 2023 | RM 4.7b | RM 7.5b | RM 540.4m | 11x | 8.6x | 0.6x |
| Sun, 02 Apr 2023 | RM 4.7b | RM 7.5b | RM 541.4m | 10.9x | 8.7x | 0.6x |
| Tue, 28 Feb 2023 | RM 5.2b | RM 7.6b | RM 579.3m | 13.1x | 8.9x | 0.7x |
| Thu, 26 Jan 2023 | RM 4.9b | RM 7.5b | RM 455.9m | 11.1x | 10.8x | 0.7x |
| Sat, 24 Dec 2022 | RM 4.6b | RM 7.6b | RM 167.1m | 10.8x | 27.8x | 0.6x |
| Mon, 21 Nov 2022 | RM 4.5b | RM 7.3b | RM 152.4m | 9.6x | 29.6x | 0.6x |
| Wed, 19 Oct 2022 | RM 4.4b | RM 7.3b | RM 120.5m | 12.3x | 36.9x | 0.6x |
| Fri, 16 Sep 2022 | RM 4.5b | RM 7.2b | RM 117.3m | 13x | 38.7x | 0.6x |
| Sun, 14 Aug 2022 | RM 4.7b | RM 7.0b | RM 114.5m | 14.1x | 41x | 0.7x |
| Tue, 12 Jul 2022 | RM 4.6b | RM 7.0b | RM 112.7m | 10x | 40.7x | 0.7x |
| Thu, 09 Jun 2022 | RM 4.9b | RM 7.0b | RM 106.8m | 13.4x | 45.4x | 0.7x |
| Sat, 07 May 2022 | RM 5.0b | RM 6.8b | RM 136.6m | 15.8x | 36.9x | 0.7x |
| Mon, 04 Apr 2022 | RM 5.0b | RM 6.8b | RM 138.8m | 14.4x | 36x | 0.7x |
| Wed, 02 Mar 2022 | RM 5.2b | RM 6.8b | RM 146.0m | 12.6x | 35.8x | 0.8x |
| Fri, 28 Jan 2022 | RM 5.3b | RM 6.6b | RM 408.3m | 11.8x | 12.9x | 0.8x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are optimistic on the Malaysian Packaging industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.6x which is higher than its 3-year average PE of 21.1x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 20% per year over the last three years.
- Meanwhile revenues for these companies have grown 16% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Materials industry?
| MY Market | -2.26% | |
| Materials | -0.21% | |
| Packaging | -1.79% | |
| Metal and Glass Containers | -1.25% | |
| Paper Packaging | -2.17% | |
Industry PE
- Investors are most optimistic about the Metal and Glass Containers industry which is trading above its 3-year average PE ratio of 27.3x.
- Analysts are expecting annual earnings growth of 36.5%, which is higher than its past year's earnings growth of 17.9% per year.
- Investors are most pessimistic about the Paper Packaging industry, which is trading below its 3-year average of 23.9x.
Forecasted Growth
- Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| TGUAN Thong Guan Industries Berhad | RM 1.46 | 2.8% +RM 16.1m | -24.7% | PE8.6x | |
| TOMYPAK Tomypak Holdings Berhad | RM 0.29 | 5.5% +RM 6.5m | -24.7% | PS0.6x | |
| BRIGHT Bright Packaging Industry Berhad | RM 0.21 | 16.2% +RM 6.2m | -4.4% | PE17.2x | |
| KYM KYM Holdings Bhd | RM 0.35 | 6.1% +RM 3.1m | -19.5% | PE13.7x | |
| HPPHB HPP Holdings Berhad | RM 0.42 | 1.2% +RM 1.9m | 25.0% | PE58.6x |
