Narrative Update • Jun 23

Over the last 7 days, the market has dropped 2.3%, driven by losses in the Financials and Materials sectors of 2.7% and 7.2%, respectively. In contrast to the last week, the market is actually up 8.1% over the past year. As for the next few years, earnings are expected to grow by 8.8% per annum.
Has the Malaysian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jun 2026 | RM 2.1t | RM 1.3t | RM 136.2b | 13.5x | 15.1x | 1.6x |
| Mon, 25 May 2026 | RM 2.1t | RM 1.3t | RM 125.3b | 13.8x | 16.9x | 1.6x |
| Wed, 22 Apr 2026 | RM 2.1t | RM 1.3t | RM 123.6b | 14.1x | 17x | 1.6x |
| Fri, 20 Mar 2026 | RM 2.1t | RM 1.3t | RM 122.5b | 13.6x | 16.9x | 1.6x |
| Sun, 15 Feb 2026 | RM 2.1t | RM 1.3t | RM 119.5b | 14.1x | 17.5x | 1.6x |
| Tue, 13 Jan 2026 | RM 2.1t | RM 1.3t | RM 118.7b | 14.1x | 17.4x | 1.6x |
| Thu, 11 Dec 2025 | RM 2.0t | RM 1.3t | RM 115.1b | 13.7x | 17x | 1.5x |
| Sat, 08 Nov 2025 | RM 2.0t | RM 1.3t | RM 113.0b | 14.3x | 17.5x | 1.5x |
| Mon, 06 Oct 2025 | RM 2.0t | RM 1.3t | RM 111.9b | 15.1x | 17.8x | 1.5x |
| Wed, 03 Sep 2025 | RM 1.9t | RM 1.3t | RM 112.2b | 14.4x | 16.9x | 1.5x |
| Fri, 01 Aug 2025 | RM 1.9t | RM 1.3t | RM 115.9b | 13.8x | 16.1x | 1.4x |
| Sun, 29 Jun 2025 | RM 1.8t | RM 1.3t | RM 115.6b | 13.8x | 16x | 1.4x |
| Tue, 27 May 2025 | RM 1.9t | RM 1.3t | RM 117.7b | 14x | 15.7x | 1.4x |
| Thu, 24 Apr 2025 | RM 1.8t | RM 1.3t | RM 118.1b | 13.6x | 15.2x | 1.4x |
| Sat, 22 Mar 2025 | RM 1.8t | RM 1.3t | RM 118.3b | 14.4x | 15.3x | 1.4x |
| Mon, 17 Feb 2025 | RM 1.9t | RM 1.3t | RM 114.0b | 14.8x | 17x | 1.5x |
| Wed, 15 Jan 2025 | RM 2.0t | RM 1.3t | RM 114.8b | 15.2x | 17x | 1.5x |
| Fri, 13 Dec 2024 | RM 2.0t | RM 1.3t | RM 114.8b | 15.4x | 17.3x | 1.5x |
| Sun, 10 Nov 2024 | RM 2.0t | RM 1.3t | RM 113.7b | 15.6x | 17.3x | 1.6x |
| Tue, 08 Oct 2024 | RM 2.0t | RM 1.3t | RM 113.3b | 15.4x | 17.4x | 1.6x |
| Thu, 05 Sep 2024 | RM 2.0t | RM 1.3t | RM 112.8b | 15.7x | 17.5x | 1.6x |
| Sat, 03 Aug 2024 | RM 2.0t | RM 1.2t | RM 105.9b | 17.4x | 18.6x | 1.6x |
| Mon, 01 Jul 2024 | RM 2.0t | RM 1.4t | RM 115.9b | 17.2x | 17x | 1.5x |
| Wed, 29 May 2024 | RM 2.0t | RM 1.2t | RM 101.0b | 17.6x | 19.7x | 1.6x |
| Fri, 26 Apr 2024 | RM 1.9t | RM 1.2t | RM 99.7b | 16.5x | 19x | 1.6x |
| Sun, 24 Mar 2024 | RM 1.9t | RM 1.2t | RM 99.7b | 16.2x | 18.6x | 1.5x |
| Tue, 20 Feb 2024 | RM 1.8t | RM 1.2t | RM 82.5b | 15.8x | 22.2x | 1.5x |
| Thu, 18 Jan 2024 | RM 1.8t | RM 1.2t | RM 82.8b | 15.8x | 21.7x | 1.5x |
| Sat, 16 Dec 2023 | RM 1.8t | RM 1.2t | RM 83.1b | 15.2x | 21.1x | 1.4x |
| Mon, 13 Nov 2023 | RM 1.7t | RM 1.2t | RM 79.9b | 15.9x | 21.7x | 1.4x |
| Wed, 11 Oct 2023 | RM 1.7t | RM 1.2t | RM 79.0b | 15.6x | 21.8x | 1.4x |
| Fri, 08 Sep 2023 | RM 1.7t | RM 1.2t | RM 79.7b | 15.8x | 21.8x | 1.4x |
| Sun, 06 Aug 2023 | RM 1.7t | RM 1.2t | RM 81.9b | 14.6x | 20.8x | 1.4x |
| Tue, 04 Jul 2023 | RM 1.6t | RM 1.2t | RM 82.8b | 13.8x | 19.9x | 1.3x |
19.9x
Which sectors have driven the changes within the Malaysian Market?
| MY Market | -2.28% | |
| Telecom | 0.12% | |
| Utilities | -0.68% | |
| Consumer Staples | -0.69% | |
| Consumer Discretionary | -1.48% | |
| Healthcare | -2.23% | |
| Real Estate | -2.27% | |
| Industrials | -2.30% | |
| Financials | -2.66% | |
| Energy | -3.29% | |
| Tech | -3.65% | |
| Materials | -7.23% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| AXIATA Axiata Group Berhad | RM 2.11 | 5.5% +RM 1.0b | -5.0% | PE68.7x | Telecom | |
| MAXIS Maxis Berhad | RM 3.48 | 1.8% +RM 470.1m | -3.9% | PE17x | Telecom | |
| KLK Kuala Lumpur Kepong Berhad | RM 21.30 | 1.3% +RM 311.8m | 0.5% | PE21.2x | Consumer Staples | |
| BKAWAN Batu Kawan Berhad | RM 21.44 | 3.7% +RM 294.4m | 12.3% | PE13.9x | Materials | |
| PETGAS PETRONAS Gas Berhad | RM 17.54 | 0.7% +RM 237.4m | -1.2% | PE20.5x | Utilities |