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Malaysian (KLSE) Utilities Sector Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies14
  • 7D1.6%
  • 3M2.8%
  • 1Y11.2%
  • YTD2.8%

Over the last 7 days, the Utilities industry has risen 1.6%, driven by gains from YTL Power International Berhad of 5.4%. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 8.2% per annum.

Sector Valuation and Performance

Has the Malaysian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026RM 191.7bRM 142.8bRM 11.7b14.2x16.4x1.3x
Wed, 11 Mar 2026RM 177.2bRM 142.8bRM 11.7b14.1x15.2x1.2x
Fri, 06 Feb 2026RM 184.3bRM 144.4bRM 11.9b13.7x15.4x1.3x
Sun, 04 Jan 2026RM 186.3bRM 144.4bRM 11.9b13.8x15.6x1.3x
Tue, 02 Dec 2025RM 182.2bRM 144.2bRM 11.9b12.9x15.3x1.3x
Thu, 30 Oct 2025RM 196.4bRM 145.9bRM 12.0b15.8x16.3x1.3x
Sat, 27 Sep 2025RM 199.6bRM 145.9bRM 12.0b15.9x16.6x1.4x
Mon, 25 Aug 2025RM 202.3bRM 147.2bRM 12.4b15.6x16.3x1.4x
Wed, 23 Jul 2025RM 195.1bRM 148.7bRM 12.8b13.8x15.2x1.3x
Fri, 20 Jun 2025RM 189.9bRM 148.7bRM 12.8b12.9x14.8x1.3x
Sun, 18 May 2025RM 189.3bRM 149.2bRM 12.8b14.9x14.8x1.3x
Tue, 15 Apr 2025RM 172.4bRM 149.2bRM 12.8b14.2x13.5x1.2x
Thu, 13 Mar 2025RM 169.9bRM 149.2bRM 12.8b14x13.3x1.1x
Sat, 08 Feb 2025RM 183.2bRM 147.5bRM 12.1b12.4x15.1x1.2x
Mon, 06 Jan 2025RM 205.7bRM 147.5bRM 12.1b15.5x16.9x1.4x
Wed, 04 Dec 2024RM 185.5bRM 147.5bRM 12.1b12.9x15.3x1.3x
Fri, 01 Nov 2024RM 180.5bRM 145.3bRM 11.7b11.9x15.4x1.2x
Sun, 29 Sep 2024RM 196.2bRM 145.3bRM 11.8b12.8x16.6x1.4x
Tue, 27 Aug 2024RM 201.3bRM 144.4bRM 10.1b18.1x19.9x1.4x
Thu, 25 Jul 2024RM 216.1bRM 146.0bRM 10.2b18.9x21.3x1.5x
Sat, 22 Jun 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Mon, 20 May 2024RM 211.6bRM 147.2bRM 10.0b20x21.2x1.4x
Wed, 17 Apr 2024RM 178.8bRM 147.2bRM 10.0b17.3x17.9x1.2x
Fri, 15 Mar 2024RM 174.2bRM 147.2bRM 10.0b17.7x17.4x1.2x
Sun, 11 Feb 2024RM 171.5bRM 150.1bRM 9.4b14.9x18.2x1.1x
Tue, 09 Jan 2024RM 163.8bRM 150.1bRM 9.4b14.1x17.4x1.1x
Thu, 07 Dec 2023RM 140.2bRM 150.1bRM 9.4b10.7x14.9x0.9x
Sat, 04 Nov 2023RM 141.2bRM 152.9bRM 8.5b10.5x16.5x0.9x
Mon, 02 Oct 2023RM 137.6bRM 152.8bRM 8.5b9.4x16.2x0.9x
Wed, 30 Aug 2023RM 139.9bRM 152.8bRM 8.5b9.4x16.4x0.9x
Fri, 28 Jul 2023RM 125.8bRM 149.0bRM 8.5b9.9x14.8x0.8x
Sun, 25 Jun 2023RM 119.2bRM 149.0bRM 8.5b9.8x14.1x0.8x
Tue, 23 May 2023RM 121.8bRM 146.4bRM 8.5b10.4x14.3x0.8x
Thu, 20 Apr 2023RM 114.7bRM 145.7bRM 8.5b10.6x13.6x0.8x
Price to Earnings Ratio

13.6x


Total Market Cap: RM 114.7bTotal Earnings: RM 8.5bTotal Revenue: RM 145.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.2x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Malaysian Utilities sector?

MY Market0.42%
Utilities1.62%
Other Utilities5.60%
Renewable Energy3.37%
Water Utilities2.52%
Electric Utilities0.28%
Gas Utilities-0.98%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 4.7% 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
YTLPOWR YTL Power International BerhadRM 3.705.4%
+RM 1.6b		23.3%PE14.2x
YTL YTL Corporation BerhadRM 1.995.9%
+RM 1.3b		13.7%PE12.7x
TENAGA Tenaga Nasional BerhadRM 14.080.3%
+RM 233.2m		6.5%PE17.2x
MALAKOF Malakoff Corporation BerhadRM 0.844.3%
+RM 171.0m		5.7%PE100.5x
MFCB Mega First Corporation BerhadRM 2.922.8%
+RM 75.4m		-25.1%PE7.1x

Latest News

MALAKOF
RM 0.84
Malakoff Corporation Berhad
7D
4.3%
1Y
5.7%

Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings

Apr 09
Malakoff Corporation Berhad's (KLSE:MALAKOF) Conservative Accounting Might Explain Soft Earnings
YTL
RM 1.99
YTL Corporation Berhad
7D
5.9%
1Y
13.7%
YTLPOWR
RM 3.70
YTL Power International Berhad
7D
5.4%
1Y
23.3%
MFCB
RM 2.92
Mega First Corporation Berhad
7D
2.8%
1Y
-25.1%

MFCB: Future Dividend Payout Will Support My Positive Long Term View

Analysts have trimmed their MYR fair value estimate for Mega First Corporation Berhad from about MYR4.81 to roughly MYR4.17, citing updated assumptions around revenue growth, profit margins, and the P/E multiple applied to future earnings. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR 0.05 per share for the financial year ended 31 December 2025, giving investors clear visibility on the upcoming payout schedule (company announcement).
GASMSIA
RM 5.52
Gas Malaysia Berhad
7D
-4.7%
1Y
36.0%
PETGAS
RM 18.24
PETRONAS Gas Berhad
7D
-0.2%
1Y
12.7%
TENAGA
RM 14.08
Tenaga Nasional Berhad
7D
0.3%
1Y
6.5%
SALCON
RM 0.23
Salcon Berhad
7D
-2.1%
1Y
-24.6%
RANHILL
RM 1.78
Ranhill Utilities Berhad
7D
2.9%
1Y
47.1%
PUNCAK
RM 0.18
Puncak Niaga Holdings Berhad
7D
15.6%
1Y
-5.1%
TALIWRK
RM 0.41
Taliworks Corporation Berhad
7D
3.8%
1Y
-36.4%
GENERGY
RM 0.65
Wasco Greenergy Berhad
7D
-3.0%
1Y
n/a