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Malaysian (KLSE) Utilities Sector Analysis

UpdatedNov 07, 2025
DataAggregated Company Financials
Companies13
  • 7D-1.0%
  • 3M-2.6%
  • 1Y3.3%
  • YTD-6.5%

Over the last 7 days, the Utilities industry has dropped 1.0%, driven by YTL Power International Berhad declining 2.0%. In the past year, the industry has gained 3.3%. Earnings are forecast to grow by 5.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025RM 195.4bRM 145.8bRM 12.2b15.3x16x1.3x
Mon, 06 Oct 2025RM 202.7bRM 145.9bRM 12.0b16.4x16.9x1.4x
Wed, 03 Sep 2025RM 195.0bRM 145.9bRM 12.0b15.6x16.2x1.3x
Fri, 01 Aug 2025RM 192.2bRM 148.7bRM 12.8b14.1x15x1.3x
Sun, 29 Jun 2025RM 193.4bRM 148.7bRM 12.8b13.3x15.1x1.3x
Tue, 27 May 2025RM 181.5bRM 149.0bRM 12.5b14.8x14.6x1.2x
Thu, 24 Apr 2025RM 175.3bRM 149.2bRM 12.8b14.4x13.7x1.2x
Sat, 22 Mar 2025RM 180.7bRM 149.2bRM 12.8b14.5x14.1x1.2x
Mon, 17 Feb 2025RM 185.8bRM 147.5bRM 12.1b12.5x15.3x1.3x
Wed, 15 Jan 2025RM 189.4bRM 147.0bRM 12.1b12.6x15.7x1.3x
Fri, 13 Dec 2024RM 184.4bRM 147.5bRM 12.1b12.4x15.2x1.3x
Sun, 10 Nov 2024RM 185.1bRM 145.3bRM 11.7b12.1x15.8x1.3x
Tue, 08 Oct 2024RM 190.2bRM 145.3bRM 11.8b12.6x16.1x1.3x
Thu, 05 Sep 2024RM 205.9bRM 145.3bRM 11.8b15.4x17.5x1.4x
Sat, 03 Aug 2024RM 206.7bRM 146.0bRM 10.2b17.9x20.3x1.4x
Mon, 01 Jul 2024RM 210.0bRM 146.0bRM 10.2b18.4x20.7x1.4x
Wed, 29 May 2024RM 211.5bRM 146.3bRM 10.3b18.7x20.6x1.4x
Fri, 26 Apr 2024RM 184.5bRM 147.2bRM 10.0b17.6x18.5x1.3x
Sun, 24 Mar 2024RM 178.3bRM 147.2bRM 10.0b18.1x17.9x1.2x
Tue, 20 Feb 2024RM 171.2bRM 150.1bRM 9.4b14.3x18.1x1.1x
Thu, 18 Jan 2024RM 166.5bRM 150.1bRM 9.4b14.8x17.7x1.1x
Sat, 16 Dec 2023RM 148.1bRM 150.1bRM 9.4b11.5x15.7x1x
Mon, 13 Nov 2023RM 140.2bRM 152.9bRM 8.5b11.5x16.4x0.9x
Wed, 11 Oct 2023RM 137.5bRM 152.8bRM 8.5b9.5x16.2x0.9x
Fri, 08 Sep 2023RM 137.4bRM 152.8bRM 8.5b9.3x16.2x0.9x
Sun, 06 Aug 2023RM 127.7bRM 149.0bRM 8.5b9.8x15.1x0.9x
Tue, 04 Jul 2023RM 121.2bRM 149.0bRM 8.5b10.1x14.3x0.8x
Thu, 01 Jun 2023RM 122.6bRM 149.0bRM 8.5b10.1x14.5x0.8x
Sat, 29 Apr 2023RM 114.7bRM 145.7bRM 8.5b11x13.6x0.8x
Mon, 27 Mar 2023RM 113.6bRM 145.7bRM 8.5b10.3x13.4x0.8x
Wed, 22 Feb 2023RM 116.3bRM 141.5bRM 8.4b12.3x13.9x0.8x
Fri, 20 Jan 2023RM 114.4bRM 141.0bRM 8.4b12.1x13.6x0.8x
Sun, 18 Dec 2022RM 112.0bRM 141.0bRM 8.4b11.8x13.4x0.8x
Tue, 15 Nov 2022RM 106.7bRM 129.9bRM 8.5b13.1x12.6x0.8x
Price to Earnings Ratio

12.6x


Total Market Cap: RM 106.7bTotal Earnings: RM 8.5bTotal Revenue: RM 129.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 15.9x202320242025
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 15.9x.
  • The 3-year average PS ratio of 1.1x 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 13% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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 Utilities sector?

MY Market-0.29%
Utilities-1.01%
Other Utilities-0.54%
Water Utilities-0.78%
Electric Utilities-0.90%
Gas Utilities-1.04%
Renewable Energy-5.34%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 14.8%, which is lower than the prior year's growth of 24.9% 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 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 38% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.4% 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
MFCB Mega First Corporation BerhadRM 3.761.3%
+RM 47.1m		-8.7%PE8.7x
GASMSIA Gas Malaysia BerhadRM 4.560.4%
+RM 25.7m		20.3%PE13.7x

Latest News

YTL
RM 2.56
YTL Corporation Berhad
7D
-1.5%
1Y
24.9%
YTLPOWR
RM 3.91
YTL Power International Berhad
7D
-2.0%
1Y
20.7%
RANHILL
RM 1.74
Ranhill Utilities Berhad
7D
-5.4%
1Y
35.9%
MALAKOF
RM 1.01
Malakoff Corporation Berhad
7D
-6.5%
1Y
20.2%

Does Malakoff Corporation Berhad (KLSE:MALAKOF) Have A Healthy Balance Sheet?

Oct 17
Does Malakoff Corporation Berhad (KLSE:MALAKOF) Have A Healthy Balance Sheet?
TENAGA
RM 13.22
Tenaga Nasional Berhad
7D
-0.5%
1Y
-8.2%

Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E

Oct 16
Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E
GASMSIA
RM 4.56
Gas Malaysia Berhad
7D
0.4%
1Y
20.3%

Subdued Growth No Barrier To Gas Malaysia Berhad's (KLSE:GASMSIA) Price

Oct 09
Subdued Growth No Barrier To Gas Malaysia Berhad's (KLSE:GASMSIA) Price
MFCB
RM 3.76
Mega First Corporation Berhad
7D
1.3%
1Y
-8.7%
SALCON
RM 0.24
Salcon Berhad
7D
-5.9%
1Y
-15.8%

Salcon Berhad's (KLSE:SALCON) Earnings Are Weaker Than They Seem

Sep 03
Salcon Berhad's (KLSE:SALCON) Earnings Are Weaker Than They Seem
TALIWRK
RM 0.53
Taliworks Corporation Berhad
7D
-1.9%
1Y
-32.7%
PUNCAK
RM 0.22
Puncak Niaga Holdings Berhad
7D
-4.3%
1Y
-13.7%

Puncak Niaga Holdings Berhad's (KLSE:PUNCAK) Returns On Capital Are Heading Higher

May 29
Puncak Niaga Holdings Berhad's (KLSE:PUNCAK) Returns On Capital Are Heading Higher