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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies1063
  • 7D1.0%
  • 3M1.7%
  • 1Y10.2%
  • YTD1.4%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 5.5%. As for the longer term, the market has risen 10% in the past 12 months. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026RM 2.1tRM 1.3tRM 122.4b13.6x16.9x1.6x
Mon, 16 Feb 2026RM 2.1tRM 1.3tRM 119.6b14.1x17.5x1.6x
Wed, 14 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.2x17.4x1.6x
Fri, 12 Dec 2025RM 2.0tRM 1.3tRM 115.1b13.8x17.1x1.5x
Sun, 09 Nov 2025RM 2.0tRM 1.3tRM 113.0b14.3x17.5x1.5x
Tue, 07 Oct 2025RM 2.0tRM 1.3tRM 111.9b15x17.8x1.5x
Thu, 04 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.6x17x1.5x
Sat, 02 Aug 2025RM 1.9tRM 1.3tRM 115.9b13.8x16.2x1.4x
Mon, 30 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.8x16x1.4x
Wed, 28 May 2025RM 1.8tRM 1.3tRM 117.9b14x15.6x1.4x
Fri, 25 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.7x15.2x1.4x
Sun, 23 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.4x15.3x1.4x
Tue, 18 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.8x16.9x1.5x
Thu, 16 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.1x16.8x1.5x
Sat, 14 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.3x17.3x1.5x
Mon, 11 Nov 2024RM 2.0tRM 1.3tRM 113.7b15.6x17.3x1.6x
Wed, 09 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Fri, 06 Sep 2024RM 2.0tRM 1.3tRM 112.8b15.7x17.4x1.6x
Sun, 04 Aug 2024RM 2.0tRM 1.2tRM 105.9b17.5x18.6x1.6x
Tue, 02 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.2x18.8x1.6x
Thu, 30 May 2024RM 2.0tRM 1.2tRM 101.8b17.3x19.4x1.6x
Sat, 27 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.5x19.1x1.6x
Mon, 25 Mar 2024RM 1.9tRM 1.2tRM 99.7b16.2x18.6x1.5x
Wed, 21 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.9x22.4x1.5x
Fri, 19 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.8x21.5x1.4x
Sun, 17 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.2x21.2x1.4x
Tue, 14 Nov 2023RM 1.7tRM 1.2tRM 79.9b15.9x21.7x1.4x
Thu, 12 Oct 2023RM 1.7tRM 1.2tRM 79.0b15.5x21.8x1.4x
Sat, 09 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Mon, 07 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.6x20.8x1.4x
Wed, 05 Jul 2023RM 1.6tRM 1.2tRM 82.7b13.9x19.9x1.3x
Fri, 02 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.7x19.8x1.3x
Sun, 30 Apr 2023RM 1.7tRM 1.2tRM 118.7b13.3x14.1x1.4x
Tue, 28 Mar 2023RM 1.6tRM 1.2tRM 118.9b13.3x13.8x1.3x
Price to Earnings Ratio

13.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 118.9bTotal Revenue: RM 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 18.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Malaysian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 18.1x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market0.96%
Materials5.47%
Healthcare1.62%
Industrials1.27%
Financials1.20%
Tech0.82%
Consumer Staples0.72%
Consumer Discretionary0.47%
Utilities-0.047%
Real Estate-1.05%
Telecom-1.17%
Energy-1.43%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 50.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.9% which is higher than its past year's earnings decline of 1.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 19.9x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 1.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.5% 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
PCHEM PETRONAS Chemicals Group BerhadRM 5.4815.4%
+RM 5.8b		49.7%PS1.6xMaterials
MAYBANK Malayan Banking BerhadRM 11.602.5%
+RM 3.4b		13.9%PB1.5xFinancials
PMETAL Press Metal Aluminium Holdings BerhadRM 7.772.9%
+RM 1.8b		56.0%PE30.5xMaterials
IHH IHH Healthcare BerhadRM 9.032.3%
+RM 1.8b		30.9%PE38xHealthcare
SUNWAY Sunway BerhadRM 5.394.9%
+RM 1.7b		19.8%PE28.5xIndustrials
See more

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Latest News

IHH
RM 9.03
IHH Healthcare Berhad
7D
2.3%
1Y
30.9%
PCHEM
RM 5.48
PETRONAS Chemicals Group Berhad
7D
15.4%
1Y
49.7%

PCHEM: Weaker Demand And Lower P E Multiple Will Pressure Returns

Analysts have trimmed their MYR 2.06 fair value estimate for PETRONAS Chemicals Group Berhad to MYR 1.82, citing updated assumptions on revenue growth, margins and a lower future P/E multiple as key drivers of the new price target. Analyst Commentary Bearish analysts are framing the lower MYR 1.82 fair value for PETRONAS Chemicals Group Berhad as a reflection of tougher assumptions on revenue growth, profitability and the valuation multiple that investors may be willing to pay.
CDB
RM 3.06
Celcomdigi Berhad
7D
-3.8%
1Y
-8.1%

CDB: New CEO And Digital Platform Integration Will Support Future Upside

Analysts have lifted their price target for Celcomdigi Berhad by MYR0.00 to reflect slightly higher revenue growth assumptions of 3.61% and a modestly stronger profit margin expectation of 18.44%, while keeping the discount rate and future P/E broadly in line with previous estimates. What's in the News The company issued earnings guidance for fiscal 2026, indicating EBIT is expected to see low single digit growth (Corporate guidance).
HLFG
RM 20.00
Hong Leong Financial Group Berhad
7D
-2.7%
1Y
13.5%
CIMB
RM 7.87
CIMB Group Holdings Berhad
7D
-1.6%
1Y
14.9%

CIMB: Future Returns Will Reflect Indonesia Expansion Catalyst And Earnings Multiple Assumptions

Analysts have lifted their price target on CIMB Group Holdings Berhad from MYR8.99 to MYR9.23, citing updated assumptions that include a slightly lower discount rate, a modest adjustment to revenue growth expectations, a small uplift in projected profit margins, and a broadly similar forward P/E multiple. What's in the News CIMB Group Holdings Berhad is reported to be among the banks exploring a potential purchase of HSBC Indonesia's consumer banking assets, which HSBC Holdings plc is looking to sell.
ECOSHOP
RM 1.31
Eco-Shop Marketing Berhad
7D
-8.4%
1Y
n/a
PMETAL
RM 7.77
Press Metal Aluminium Holdings Berhad
7D
2.9%
1Y
56.0%
MAYBANK
RM 11.60
Malayan Banking Berhad
7D
2.5%
1Y
13.9%
MAXIS
RM 3.66
Maxis Berhad
7D
-3.9%
1Y
17.3%
SDG
RM 5.90
SD Guthrie Berhad
7D
3.5%
1Y
20.4%
SUNWAY
RM 5.39
Sunway Berhad
7D
4.9%
1Y
19.8%
PBBANK
RM 4.87
Public Bank Berhad
7D
1.7%
1Y
8.5%
PETGAS
RM 16.80
PETRONAS Gas Berhad
7D
-4.0%
1Y
-2.6%
UTDPLT
RM 34.82
United Plantations Berhad
7D
6.9%
1Y
54.3%
TANCO
RM 1.40
Tanco Holdings Berhad
7D
-6.7%
1Y
80.6%

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F&N
RM 29.30
Fraser & Neave Holdings Bhd
7D
-6.1%
1Y
24.3%