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Malaysian (KLSE) Real Estate Sector Analysis

UpdatedSep 23, 2023
DataAggregated Company Financials
Companies108
  • 7D3.2%
  • 3M16.5%
  • 1Y22.9%
  • YTD20.7%

In the last week, the Real Estate industry is up 3.2%, with UEM Sunrise Berhad up 25%. During this same period, the Tropicana Corporation Berhad underperformed, falling 5.5%. In the last 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 4.2% per annum.

Sector Valuation and Performance

Has the Malaysian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Sep 2023RM112.9bRM44.2bRM7.2b15.2x15.8x2.6x
Mon, 21 Aug 2023RM106.9bRM43.1bRM6.9b14.1x15.5x2.5x
Wed, 19 Jul 2023RM100.7bRM43.0bRM6.9b13.1x14.5x2.3x
Fri, 16 Jun 2023RM96.1bRM42.2bRM6.7b12.8x14.3x2.3x
Sun, 14 May 2023RM95.0bRM40.6bRM6.2b12.6x15.4x2.3x
Tue, 11 Apr 2023RM96.0bRM40.5bRM6.3b12.5x15.2x2.4x
Thu, 09 Mar 2023RM94.2bRM40.7bRM6.0b12.3x15.7x2.3x
Sat, 04 Feb 2023RM95.5bRM40.0bRM5.8b12.8x16.4x2.4x
Mon, 02 Jan 2023RM88.1bRM39.8bRM5.3b12x16.5x2.2x
Wed, 30 Nov 2022RM88.2bRM38.6bRM5.1b12.9x17.2x2.3x
Fri, 28 Oct 2022RM85.2bRM36.5bRM4.2b13.3x20.5x2.3x
Sun, 25 Sep 2022RM86.2bRM36.3bRM4.4b13.8x19.7x2.4x
Tue, 23 Aug 2022RM89.0bRM35.4bRM4.0b14.7x22.1x2.5x
Thu, 21 Jul 2022RM85.1bRM35.2bRM3.8b14.1x22.4x2.4x
Sat, 18 Jun 2022RM86.5bRM35.3bRM3.5b14.9x24.5x2.5x
Mon, 16 May 2022RM91.0bRM35.9bRM3.7b15.1x24.8x2.5x
Wed, 13 Apr 2022RM93.0bRM36.1bRM3.6b15.1x25.7x2.6x
Fri, 11 Mar 2022RM90.0bRM36.5bRM3.8b14.3x23.7x2.5x
Sun, 06 Feb 2022RM90.7bRM36.3bRM3.2b15.6x28.8x2.5x
Tue, 04 Jan 2022RM91.5bRM36.2bRM2.8b14.5x32.1x2.5x
Thu, 02 Dec 2021RM91.1bRM36.2bRM2.9b13.4x31x2.5x
Sat, 30 Oct 2021RM99.4bRM38.5bRM2.8b13.6x35.6x2.6x
Mon, 27 Sep 2021RM93.7bRM39.0bRM2.9b13.1x32.1x2.4x
Wed, 25 Aug 2021RM92.6bRM39.4bRM2.9b12.6x31.5x2.3x
Thu, 01 Jul 2021RM89.9bRM39.4bRM2.9b12.8x30.5x2.3x
Sun, 04 Apr 2021RM93.8bRM36.8bRM1.7b14.1x54.4x2.5x
Wed, 06 Jan 2021RM91.7bRM35.4bRM1.2b16.4x76.6x2.6x
Sat, 10 Oct 2020RM82.2bRM36.7bRM3.2b13.8x25.4x2.2x
Price to Earnings Ratio

25.4x


Total Market Cap: RM82.2bTotal Earnings: RM3.2bTotal Revenue: RM36.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Real Estate Sector Price to Earnings3Y Average 29.5x202120222023
Current Industry PE
  • Investors are pessimistic on the Malaysian Real Estate 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 15.8x which is lower than its 3-year average PE of 29.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 6.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Malaysian Real Estate sector?

MY Market0.13%
Real Estate3.18%
Real Estate4.93%
Industrial REITs2.05%
Hotel and Resort REITs1.98%
Retail REITs0.39%
Office REITs0.37%
Specialized REITs0%
Residential REITs0%
Health Care REITs0%
REITS-0.28%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 17.1x.
    • Analysts are expecting annual earnings growth of 9.0%, which is lower than the prior year's growth of 38.7% per year.
  • Investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 13.4x.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 9.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Industrial REITs industry is expected to see its earnings decline by 29% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UEMS UEM Sunrise BerhadRM0.9124.7%
+RM910.5m
230.9%PE56.9x
SPSETIA S P Setia BerhadRM1.0316.4%
+RM595.4m
57.3%PE34.6x
IOIPG IOI Properties Group BerhadRM1.696.3%
+RM550.6m
71.6%PE6.7x
SIMEPROP Sime Darby Property BerhadRM0.746.4%
+RM306.0m
63.7%PE17.4x
ECOWLD Eco World Development Group BerhadRM1.107.8%
+RM235.5m
74.6%PE17.2x
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Latest News

ECOWLD

RM1.10

Eco World Development Group Berhad

7D

7.8%

1Y

74.6%

EWINT

RM0.37

Eco World International Berhad

7D

13.8%

1Y

27.6%

SPSETIA

RM1.03

S P Setia Berhad

7D

16.4%

1Y

57.3%

SIMEPROP

RM0.74

Sime Darby Property Berhad

7D

6.4%

1Y

63.7%

TROP

RM1.21

Tropicana Corporation Berhad

7D

-5.5%

1Y

3.4%

IOIPG

RM1.69

IOI Properties Group Berhad

7D

6.3%

1Y

71.6%

TELADAN

RM1.05

Teladan Group Berhad

7D

-3.7%

1Y

0%

E&O

RM0.71

Eastern & Oriental Berhad

7D

23.3%

1Y

57.1%

UEMS

RM0.91

UEM Sunrise Berhad

7D

24.7%

1Y

230.9%

PAVREIT

RM1.21

Pavilion Real Estate Investment Trust

7D

-0.8%

1Y

-3.2%

TALAMT

RM0.02

Talam Transform Berhad

7D

-20.0%

1Y

33.3%

AXREIT

RM1.80

Axis Real Estate Investment Trust

7D

-2.2%

1Y

-3.2%

SKYWLD

RM0.61

SkyWorld Development Berhad

7D

-5.4%

1Y

n/a

RAPID

RM23.80

Rapid Synergy Berhad

7D

-1.2%

1Y

71.7%