Innity Corporation Berhad's (KLSE:INNITY) 28% Price Boost Is Out Of Tune With Revenues
Nov 21
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Malaysian (KLSE) Media Industry Analysis
UpdatedNov 23, 2025
DataAggregated Company Financials
Companies7
- 7D-2.8%
- 3M-11.1%
- 1Y-33.2%
- YTD-35.0%
Over the last 7 days, the Media industry has dropped 2.8%, driven by Astro Malaysia Holdings Berhad declining 4.2%. On the other hand Innity Corporation Berhad is actually up 31%. The industry has fallen 33% in the last year. As for the next few years, earnings are forecast to decline by 38% per annum.
Industry Valuation and Performance
Has the Malaysian Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Nov 2025 | RM 1.5b | RM 4.3b | RM 118.7m | 6.9x | 12.8x | 0.4x |
| Tue, 21 Oct 2025 | RM 1.7b | RM 4.3b | RM 118.2m | 7.9x | 14x | 0.4x |
| Thu, 18 Sep 2025 | RM 1.7b | RM 4.4b | RM 156.5m | 6x | 10.8x | 0.4x |
| Sat, 16 Aug 2025 | RM 1.7b | RM 4.4b | RM 183.8m | 6x | 9.1x | 0.4x |
| Mon, 14 Jul 2025 | RM 1.7b | RM 4.4b | RM 183.1m | 6x | 9.2x | 0.4x |
| Wed, 11 Jun 2025 | RM 2.0b | RM 4.5b | RM 186.6m | 6.3x | 10.6x | 0.4x |
| Fri, 09 May 2025 | RM 2.0b | RM 4.5b | RM 175.3m | 7.1x | 11.4x | 0.4x |
| Sun, 06 Apr 2025 | RM 2.0b | RM 4.5b | RM 174.4m | 7.3x | 11.3x | 0.4x |
| Tue, 04 Mar 2025 | RM 2.2b | RM 4.5b | RM 206.2m | 7.2x | 10.7x | 0.5x |
| Thu, 30 Jan 2025 | RM 2.2b | RM 4.5b | RM 162.6m | 7.7x | 13.8x | 0.5x |
| Sat, 28 Dec 2024 | RM 2.3b | RM 4.5b | RM 155.7m | 10.6x | 15x | 0.5x |
| Mon, 25 Nov 2024 | RM 2.3b | RM 4.6b | RM 91.5m | 15.5x | 24.9x | 0.5x |
| Wed, 23 Oct 2024 | RM 2.4b | RM 4.6b | RM 103.1m | 13.7x | 23.7x | 0.5x |
| Fri, 20 Sep 2024 | RM 2.6b | RM 4.6b | RM 71.9m | 13.7x | 36.2x | 0.6x |
| Sun, 18 Aug 2024 | RM 2.5b | RM 4.7b | RM 97.1m | 22.7x | 26x | 0.5x |
| Tue, 16 Jul 2024 | RM 2.6b | RM 4.7b | RM 101.5m | 22.2x | 25.5x | 0.5x |
| Thu, 13 Jun 2024 | RM 3.1b | RM 4.8b | RM 99.4m | 29.5x | 31.4x | 0.6x |
| Sat, 11 May 2024 | RM 2.8b | RM 4.8b | RM 102.8m | 18.1x | 27x | 0.6x |
| Mon, 08 Apr 2024 | RM 2.8b | RM 4.8b | RM 101.5m | 15.4x | 27.3x | 0.6x |
| Wed, 06 Mar 2024 | RM 2.9b | RM 5.1b | RM 116.8m | 16.2x | 25.2x | 0.6x |
| Fri, 02 Feb 2024 | RM 3.1b | RM 5.1b | RM 83.6m | 15.7x | 36.8x | 0.6x |
| Sun, 31 Dec 2023 | RM 3.3b | RM 5.1b | RM 85.9m | 16.3x | 38x | 0.6x |
| Tue, 28 Nov 2023 | RM 3.3b | RM 5.1b | RM 122.2m | 15.8x | 26.8x | 0.6x |
| Thu, 26 Oct 2023 | RM 3.3b | RM 5.1b | RM 124.4m | 15.8x | 26.3x | 0.6x |
| Sat, 23 Sep 2023 | RM 3.8b | RM 5.2b | RM 199.3m | 13.4x | 19.3x | 0.7x |
| Mon, 21 Aug 2023 | RM 3.9b | RM 5.2b | RM 204.8m | 10.7x | 18.8x | 0.7x |
| Wed, 19 Jul 2023 | RM 3.9b | RM 5.2b | RM 202.6m | 11.8x | 19.3x | 0.7x |
| Fri, 16 Jun 2023 | RM 4.6b | RM 5.3b | RM 286.7m | 12.3x | 16x | 0.9x |
| Sun, 14 May 2023 | RM 4.6b | RM 5.3b | RM 286.1m | 13.2x | 16.1x | 0.9x |
| Tue, 11 Apr 2023 | RM 4.7b | RM 5.3b | RM 283.5m | 14.6x | 16.4x | 0.9x |
| Thu, 09 Mar 2023 | RM 4.9b | RM 5.3b | RM 355.4m | 14.5x | 13.7x | 0.9x |
| Sat, 04 Feb 2023 | RM 4.2b | RM 5.4b | RM 321.0m | 9.4x | 13.1x | 0.8x |
| Mon, 02 Jan 2023 | RM 4.4b | RM 5.4b | RM 317.4m | 10.2x | 13.9x | 0.8x |
| Wed, 30 Nov 2022 | RM 4.6b | RM 5.5b | RM 408.7m | 8.5x | 11.3x | 0.8x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Malaysian Media 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 12.8x which is lower than its 3-year average PE of 19.8x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- The earnings for companies in the Media industry have declined 34% per year over the last three years,
- Revenues have also declined 7.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Telecom industry?
| MY Market | -0.57% | |
| Telecom | -1.60% | |
| Media | -2.77% | |
| Broadcasting | -2.55% | |
| Publishing | -2.74% | |
| Advertising | -4.00% | |
Industry PE
- Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 14.4x.
- Analysts are expecting annual earnings decline of 28.3%, which is worse than the prior year's decline of 24.8%.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 5.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Publishing industry is expected to see its earnings decline by 92% 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 | |
|---|---|---|---|---|---|
| INNITY Innity Corporation Berhad | RM 0.23 | 31.4% +RM 7.7m | -33.3% | PS0.3x | |
| MCOM MCOM Holdings Berhad | RM 0.05 | 66.7% +RM 3.9m | n/a | PS28.4x |
