Mah Sing Group Berhad's (KLSE:MAHSING) Intrinsic Value Is Potentially 25% Below Its Share Price
Jun 01
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Malaysian (KLSE) Real Estate Sector Analysis
UpdatedJun 02, 2025
DataAggregated Company Financials
Companies107
- 7D-0.07%
- 3M0.3%
- 1Y-1.2%
- YTD-6.1%
Over the last 7 days, the Real Estate industry has remained flat, although notably Mah Sing Group Berhad declined by 9.7%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are expected to remain mostly flat in the next few years.
Sector Valuation and Performance
Has the Malaysian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Jun 2025 | RM 136.6b | RM 52.0b | RM 10.6b | 12.3x | 12.9x | 2.6x |
| Wed, 30 Apr 2025 | RM 132.5b | RM 52.4b | RM 10.8b | 12.3x | 12.3x | 2.5x |
| Fri, 28 Mar 2025 | RM 133.8b | RM 52.4b | RM 10.8b | 12.8x | 12.4x | 2.6x |
| Sun, 23 Feb 2025 | RM 139.5b | RM 51.4b | RM 10.2b | 12.9x | 13.7x | 2.7x |
| Tue, 21 Jan 2025 | RM 139.6b | RM 51.3b | RM 9.8b | 13.3x | 14.2x | 2.7x |
| Thu, 19 Dec 2024 | RM 139.2b | RM 51.1b | RM 9.7b | 13.1x | 14.3x | 2.7x |
| Sat, 16 Nov 2024 | RM 136.8b | RM 51.0b | RM 9.8b | 13.5x | 13.9x | 2.7x |
| Mon, 14 Oct 2024 | RM 139.0b | RM 51.0b | RM 10.0b | 13.5x | 13.9x | 2.7x |
| Wed, 11 Sep 2024 | RM 130.8b | RM 50.6b | RM 9.8b | 13x | 13.3x | 2.6x |
| Fri, 09 Aug 2024 | RM 132.2b | RM 49.6b | RM 8.0b | 14.7x | 16.6x | 2.7x |
| Sun, 07 Jul 2024 | RM 136.6b | RM 49.3b | RM 7.9b | 15.3x | 17.3x | 2.8x |
| Tue, 04 Jun 2024 | RM 134.6b | RM 49.1b | RM 7.7b | 14.4x | 17.4x | 2.7x |
| Thu, 02 May 2024 | RM 128.0b | RM 47.0b | RM 7.3b | 14.3x | 17.4x | 2.7x |
| Sat, 30 Mar 2024 | RM 125.7b | RM 46.8b | RM 7.4b | 13.9x | 17x | 2.7x |
| Mon, 26 Feb 2024 | RM 119.2b | RM 46.6b | RM 7.4b | 13.6x | 16.2x | 2.6x |
| Wed, 24 Jan 2024 | RM 116.0b | RM 46.1b | RM 7.1b | 13.8x | 16.3x | 2.5x |
| Fri, 22 Dec 2023 | RM 111.7b | RM 46.1b | RM 7.1b | 12.9x | 15.8x | 2.4x |
| Sun, 19 Nov 2023 | RM 111.6b | RM 44.5b | RM 7.3b | 14.2x | 15.2x | 2.5x |
| Tue, 17 Oct 2023 | RM 111.9b | RM 44.2b | RM 7.3b | 14.7x | 15.3x | 2.5x |
| Thu, 14 Sep 2023 | RM 108.2b | RM 44.2b | RM 7.1b | 14.7x | 15.2x | 2.4x |
| Sat, 12 Aug 2023 | RM 103.4b | RM 43.2b | RM 6.9b | 12.7x | 14.9x | 2.4x |
| Mon, 10 Jul 2023 | RM 98.0b | RM 43.0b | RM 6.9b | 12.8x | 14.1x | 2.3x |
| Wed, 07 Jun 2023 | RM 96.2b | RM 42.2b | RM 6.6b | 12.8x | 14.5x | 2.3x |
| Fri, 05 May 2023 | RM 96.3b | RM 40.6b | RM 6.2b | 12.4x | 15.6x | 2.4x |
| Sun, 02 Apr 2023 | RM 94.3b | RM 40.5b | RM 5.9b | 12.5x | 15.8x | 2.3x |
| Tue, 28 Feb 2023 | RM 93.7b | RM 39.8b | RM 6.4b | 12.4x | 14.5x | 2.4x |
| Thu, 26 Jan 2023 | RM 92.9b | RM 39.9b | RM 5.4b | 12.4x | 17.1x | 2.3x |
| Sat, 24 Dec 2022 | RM 87.9b | RM 39.5b | RM 5.3b | 12.1x | 16.6x | 2.2x |
| Mon, 21 Nov 2022 | RM 85.7b | RM 37.3b | RM 4.5b | 12.9x | 19.2x | 2.3x |
| Wed, 19 Oct 2022 | RM 83.5b | RM 36.4b | RM 4.1b | 13.5x | 20.4x | 2.3x |
| Fri, 16 Sep 2022 | RM 87.5b | RM 36.3b | RM 4.4b | 14.2x | 20.1x | 2.4x |
| Sun, 14 Aug 2022 | RM 88.7b | RM 35.4b | RM 4.0b | 14.4x | 22.4x | 2.5x |
| Tue, 12 Jul 2022 | RM 85.1b | RM 35.2b | RM 3.8b | 14.3x | 22.4x | 2.4x |
| Thu, 09 Jun 2022 | RM 90.3b | RM 35.3b | RM 3.6b | 14.8x | 25x | 2.6x |
Price to Earnings Ratio
25x
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 12.9x which is lower than its 3-year average PE of 16.3x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 43% per year over the last three years.
- Revenues for these companies have grown 14% 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 Market | -1.39% | |
| Real Estate | -0.065% | |
| Hotel and Resort REITs | 1.90% | |
| REITS | 1.65% | |
| Retail REITs | 1.07% | |
| Office REITs | 0.051% | |
| Industrial REITs | -0.65% | |
| Health Care REITs | -0.79% | |
| Real Estate | -0.83% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 18.4x.
- Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 3.6% per year.
- Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading close to its 3-year average of 11.9x.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings decline of 3.6% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 16% 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 | |
|---|---|---|---|---|---|
| KLCC KLCC Property Holdings Berhad | RM 8.92 | 2.5% +RM 397.2m | 17.4% | PB1.2x | |
| UOADEV UOA Development Bhd | RM 1.81 | 3.4% +RM 157.4m | -7.7% | PE15.2x | |
| SUNREIT Sunway Real Estate Investment Trust | RM 2.02 | 2.0% +RM 137.0m | 31.2% | PB1.2x | |
| IOIPG IOI Properties Group Berhad | RM 1.91 | 1.1% +RM 110.1m | -24.2% | PE5.9x | |
| IGBREIT IGB Real Estate Investment Trust | RM 2.32 | 1.3% +RM 108.6m | 28.2% | PB2x |
