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Malaysian (KLSE) Market Analysis & Valuation

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies1068
  • 7D-0.9%
  • 3M0.06%
  • 1Y11.5%
  • YTD2.6%

The Information Technology sector gained 5.6% while the market remained flat over the last week. As for the longer term, the market has risen 11% in the past 12 months. Earnings are forecast to grow by 9.0% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026RM 2.1tRM 1.3tRM 135.6b13.8x15.5x1.6x
Tue, 28 Apr 2026RM 2.1tRM 1.3tRM 123.6b14.3x17.1x1.6x
Thu, 26 Mar 2026RM 2.1tRM 1.3tRM 122.1b13.6x16.9x1.6x
Sat, 21 Feb 2026RM 2.1tRM 1.3tRM 119.6b14.1x17.6x1.6x
Mon, 19 Jan 2026RM 2.1tRM 1.3tRM 118.7b14.3x17.5x1.6x
Wed, 17 Dec 2025RM 2.0tRM 1.3tRM 118.6b13.6x16.7x1.5x
Fri, 14 Nov 2025RM 2.0tRM 1.3tRM 113.1b14.4x17.6x1.5x
Sun, 12 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.8x1.5x
Tue, 09 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Thu, 07 Aug 2025RM 1.9tRM 1.3tRM 115.6b13.9x16.2x1.4x
Sat, 05 Jul 2025RM 1.9tRM 1.3tRM 115.7b14x16.3x1.4x
Mon, 02 Jun 2025RM 1.8tRM 1.3tRM 115.2b13.8x15.9x1.4x
Wed, 30 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.4x1.4x
Fri, 28 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.3x15.4x1.4x
Sun, 23 Feb 2025RM 1.9tRM 1.3tRM 114.1b14.7x16.8x1.5x
Tue, 21 Jan 2025RM 2.0tRM 1.3tRM 115.2b15.3x16.9x1.5x
Thu, 19 Dec 2024RM 2.0tRM 1.6tRM 230.9b15.4x8.6x1.2x
Sat, 16 Nov 2024RM 1.9tRM 1.3tRM 113.8b15.6x17.1x1.5x
Mon, 14 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Wed, 11 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.1x17.4x1.6x
Fri, 09 Aug 2024RM 1.9tRM 1.2tRM 106.1b17x18.2x1.6x
Sun, 07 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.6x19x1.6x
Tue, 04 Jun 2024RM 2.0tRM 1.2tRM 102.7b17.1x19.2x1.6x
Thu, 02 May 2024RM 1.9tRM 1.2tRM 99.8b16.7x19.2x1.6x
Sat, 30 Mar 2024RM 1.9tRM 1.2tRM 99.6b16.1x18.6x1.5x
Mon, 26 Feb 2024RM 1.8tRM 1.2tRM 87.4b15.9x21.1x1.5x
Wed, 24 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.9x21.8x1.5x
Fri, 22 Dec 2023RM 1.8tRM 1.2tRM 83.0b15.4x21.2x1.4x
Sun, 19 Nov 2023RM 1.8tRM 1.2tRM 80.1b15.9x21.9x1.4x
Tue, 17 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.7x21.9x1.4x
Thu, 14 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.6x21.7x1.4x
Sat, 12 Aug 2023RM 1.7tRM 1.2tRM 81.8b14.9x21x1.4x
Mon, 10 Jul 2023RM 1.6tRM 1.2tRM 82.6b13.8x19.8x1.3x
Wed, 07 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 18.3x202420252026
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 15.5x which is lower than its 3-year average PE of 18.3x.
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 2.2% 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 Market-0.88%
Tech5.60%
Telecom1.13%
Industrials0.17%
Healthcare-0.21%
Consumer Discretionary-0.30%
Utilities-0.52%
Real Estate-0.85%
Consumer Staples-1.62%
Financials-2.32%
Energy-2.63%
Materials-2.94%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 70.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.2%, which is higher than its past year's earnings growth of 7.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 18.4x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.3% 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
MAXIS Maxis BerhadRM 3.715.7%
+RM 1.6b		5.1%PE18.1xTelecom
INARI Inari Amertron BerhadRM 2.3418.8%
+RM 1.4b		21.9%PE52.2xTech
UNISEM Unisem (M) BerhadRM 5.3017.8%
+RM 1.3b		166.3%PE127.1xTech
IJM IJM Corporation BerhadRM 2.269.2%
+RM 666.0m		-9.6%PE145.6xIndustrials
MI Mi Technovation BerhadRM 4.8214.8%
+RM 548.8m		166.3%PE39.9xTech
See more

Market Insights

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Latest News

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7D
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1Y
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The analysts might have been a bit too bullish on Malayan Banking Berhad ( KLSE:MAYBANK ), given that the company fell...
HLBANK
RM 20.88
Hong Leong Bank Berhad
7D
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1Y
6.6%
PBBANK
RM 4.71
Public Bank Berhad
7D
-1.3%
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IHH
RM 9.01
IHH Healthcare Berhad
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0.6%
1Y
30.6%
AXIATA
RM 2.00
Axiata Group Berhad
7D
2.6%
1Y
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CIMB
RM 7.48
CIMB Group Holdings Berhad
7D
-3.5%
1Y
7.9%
MI
RM 4.82
Mi Technovation Berhad
7D
14.8%
1Y
166.3%
IJM
RM 2.26
IJM Corporation Berhad
7D
9.2%
1Y
-9.6%
New Narrative • May 28

IJM Corporation: FY2026 reset year; stronger operating base points to better FY2027 delivery

IJM’s 4Q FY2026 headline numbers were clearly distorted, but the underlying read-through is more constructive than the reported loss suggests. While the Group recorded a 4Q FY2026 pre-tax loss of RM56.2 million, revenue still grew 4.2% YoY to RM1.87 billion.
UNISEM
RM 5.30
Unisem (M) Berhad
7D
17.8%
1Y
166.3%
PCHEM
RM 5.21
PETRONAS Chemicals Group Berhad
7D
-8.6%
1Y
52.3%
99SMART
RM 3.30
99 Speed Mart Retail Holdings Berhad
7D
-4.3%
1Y
59.4%
SKYECHIP
RM 2.97
SkyeChip Berhad
7D
10.0%
1Y
n/a
MAXIS
RM 3.71
Maxis Berhad
7D
5.7%
1Y
5.1%
NESTLE
RM 91.00
Nestlé (Malaysia) Berhad
7D
-4.8%
1Y
15.8%
INARI
RM 2.34
Inari Amertron Berhad
7D
18.8%
1Y
21.9%
GAMUDA
RM 4.20
Gamuda Berhad
7D
-4.5%
1Y
-8.1%