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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies1072
  • 7D0.5%
  • 3M1.6%
  • 1Y11.4%
  • YTD2.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 11% over the past year. Earnings are forecast to grow by 8.7% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

Has the Malaysian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026RM 2.1tRM 1.3tRM 136.3b13.6x15.4x1.6x
Thu, 21 May 2026RM 2.1tRM 1.3tRM 124.3b14.1x17x1.6x
Sat, 18 Apr 2026RM 2.1tRM 1.3tRM 123.3b14.1x16.9x1.6x
Mon, 16 Mar 2026RM 2.0tRM 1.3tRM 122.3b13.7x16.6x1.6x
Wed, 11 Feb 2026RM 2.1tRM 1.3tRM 119.0b14x17.6x1.6x
Fri, 09 Jan 2026RM 2.0tRM 1.3tRM 118.7b14.1x17.1x1.6x
Sun, 07 Dec 2025RM 2.0tRM 1.3tRM 115.0b13.9x17.1x1.5x
Tue, 04 Nov 2025RM 2.0tRM 1.3tRM 112.4b14.5x17.7x1.5x
Thu, 02 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.6x1.5x
Sat, 30 Aug 2025RM 1.9tRM 1.4tRM 113.7b14.4x16.7x1.4x
Mon, 28 Jul 2025RM 1.9tRM 1.3tRM 115.8b13.8x16.2x1.4x
Wed, 25 Jun 2025RM 1.8tRM 1.3tRM 115.8b13.4x15.8x1.4x
Fri, 23 May 2025RM 1.8tRM 1.3tRM 118.3b13.9x15.6x1.4x
Sun, 20 Apr 2025RM 1.8tRM 1.3tRM 118.2b13.7x15.1x1.4x
Tue, 18 Mar 2025RM 1.8tRM 1.3tRM 118.2b14.2x15.5x1.4x
Thu, 13 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17.1x1.5x
Sat, 11 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.3x17.3x1.5x
Mon, 09 Dec 2024RM 2.0tRM 1.3tRM 114.7b15.6x17.4x1.6x
Wed, 06 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.6x17.3x1.6x
Fri, 04 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.7x17.5x1.6x
Sun, 01 Sep 2024RM 2.0tRM 1.3tRM 112.7b16x17.6x1.6x
Tue, 30 Jul 2024RM 2.0tRM 1.2tRM 105.7b18.1x19.1x1.6x
Thu, 27 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.7x1.6x
Sat, 25 May 2024RM 2.0tRM 1.2tRM 100.9b17.8x19.8x1.6x
Mon, 22 Apr 2024RM 1.9tRM 1.2tRM 99.7b16.1x18.7x1.5x
Wed, 20 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.6x1.5x
Fri, 16 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.7x22.1x1.5x
Sun, 14 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.8x1.5x
Tue, 12 Dec 2023RM 1.7tRM 1.2tRM 82.9b15.1x20.9x1.4x
Thu, 09 Nov 2023RM 1.7tRM 1.3tRM 105.3b15.7x16.6x1.3x
Sat, 07 Oct 2023RM 1.7tRM 1.2tRM 79.4b15.6x21.5x1.4x
Mon, 04 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.9x21.9x1.4x
Wed, 02 Aug 2023RM 1.7tRM 1.2tRM 82.0b14.5x20.9x1.4x
Fri, 30 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.7bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.2x202420252026
Current Market PE
  • Investors are pessimistic on the Malaysian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.4x which is lower than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 2.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market0.47%
Telecom2.39%
Consumer Staples1.45%
Energy0.98%
Real Estate0.73%
Consumer Discretionary0.73%
Industrials0.44%
Financials0.059%
Utilities-0.019%
Tech-0.076%
Healthcare-0.12%
Materials-0.55%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 79.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 7.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 7.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.6% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
99SMART 99 Speed Mart Retail Holdings BerhadRM 3.605.9%
+RM 1.7b		71.4%PE46.5xConsumer Staples
KLK Kuala Lumpur Kepong BerhadRM 21.604.0%
+RM 935.5m		7.5%PE21.5xConsumer Staples
PMETAL Press Metal Aluminium Holdings BerhadRM 8.291.1%
+RM 741.6m		66.1%PE30.2xMaterials
MISC MISC BerhadRM 8.102.0%
+RM 714.2m		5.9%PE20.8xIndustrials
SDG SD Guthrie BerhadRM 6.081.3%
+RM 553.3m		34.2%PE16.8xConsumer Staples
See more

Market Insights

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Latest News

99SMART
RM 3.58
99 Speed Mart Retail Holdings Berhad
7D
4.1%
1Y
71.3%
TOPGLOV
RM 0.71
Top Glove Corporation Bhd
7D
-9.0%
1Y
-2.7%
UNISEM
RM 4.66
Unisem (M) Berhad
7D
-4.9%
1Y
130.7%
Analysis Article • Jun 18

Is Now An Opportune Moment To Examine Unisem (M) Berhad (KLSE:UNISEM)?

While Unisem (M) Berhad ( KLSE:UNISEM ) might not have the largest market cap around , it received a lot of attention...
HARTA
RM 1.07
Hartalega Holdings Berhad
7D
-6.1%
1Y
-33.5%
SDG
RM 6.10
SD Guthrie Berhad
7D
1.5%
1Y
33.5%
CIMB
RM 7.63
CIMB Group Holdings Berhad
7D
-0.8%
1Y
12.2%
Narrative Update • Jun 16

CIMB: Future Returns Will Rely On Dividend Support And Indonesia Asset Upside

Analysts have slightly reduced their price target for CIMB Group Holdings Berhad to MYR9.03 from MYR9.05, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior estimates. What's in the News CIMB launched CIMB Alumni, a purpose driven platform to reconnect past and present CIMB community members and support mentorship, philanthropy, volunteerism, knowledge sharing and collaboration.
AXIATA
RM 2.02
Axiata Group Berhad
7D
6.3%
1Y
-2.4%
Narrative Update • Jun 15

AXIATA: Leadership Changes Will Support Stable Margins And Future Upside Potential

Analysts have maintained their MYR-based price target for Axiata Group Berhad at MYR 2.67, citing largely unchanged assumptions around the discount rate, revenue growth and profit margins that keep their fair value view steady. What's in the News Axiata Group Berhad announced that Encik Nik Rizal Kamil Nik Ibrahim Kamil will cease to serve as Group Chief Financial Officer on 1 June 2026 following his appointment as Group Chief Executive Officer and Managing Director.
PCHEM
RM 4.27
PETRONAS Chemicals Group Berhad
7D
-5.5%
1Y
35.1%
TM
RM 7.52
Telekom Malaysia Berhad
7D
2.3%
1Y
14.8%
Narrative Update • Jun 09

TM: Dividend Reset And Minor Model Tweaks Will Shape Balanced Outlook

Analysts have trimmed their fair value estimate for Telekom Malaysia Berhad slightly from MYR8.09 to MYR8.08. This reflects small updates to assumptions on profit margins and the future P/E multiple rather than a major shift in the core outlook.
HLBANK
RM 22.12
Hong Leong Bank Berhad
7D
2.1%
1Y
13.6%
PETDAG
RM 18.76
PETRONAS Dagangan Berhad
7D
3.5%
1Y
-11.6%
Analysis Article • Jun 05

There May Be Some Bright Spots In PETRONAS Dagangan Berhad's (KLSE:PETDAG) Earnings

PETRONAS Dagangan Berhad's ( KLSE:PETDAG ) stock was strong despite it releasing a soft earnings report last week. Our...
PETGAS
RM 17.34
PETRONAS Gas Berhad
7D
-0.7%
1Y
-1.6%
HEXTECH
RM 1.17
Hextar Technologies Solutions Berhad
7D
-9.3%
1Y
0%
PBBANK
RM 4.90
Public Bank Berhad
7D
-0.4%
1Y
10.9%
MRDIY
RM 1.65
Mr D.I.Y. Group (M) Berhad
7D
4.4%
1Y
2.5%
SKYECHIP
RM 3.36
SkyeChip Berhad
7D
15.5%
1Y
n/a