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Malaysian (KLSE) Market Analysis & Valuation

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies1070
  • 7D1.1%
  • 3M0.9%
  • 1Y11.2%
  • YTD2.5%

The market is up 1.1% over the last week, with the Financials sector leading the way, up 3.5%. On the other hand, with a decline of 7.8%, the Materials sector is lagging behind. As for the past 12 months, the market is up 11%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026RM 2.1tRM 1.3tRM 136.3b13.6x15.4x1.6x
Sat, 16 May 2026RM 2.1tRM 1.3tRM 124.2b14.3x17.3x1.6x
Mon, 13 Apr 2026RM 2.1tRM 1.3tRM 121.6b13.7x17x1.6x
Wed, 11 Mar 2026RM 2.0tRM 1.3tRM 122.2b13.7x16.6x1.6x
Fri, 06 Feb 2026RM 2.1tRM 1.3tRM 118.9b13.7x17.5x1.6x
Sun, 04 Jan 2026RM 2.0tRM 1.3tRM 118.7b13.9x16.9x1.5x
Tue, 02 Dec 2025RM 2.0tRM 1.3tRM 114.9b13.8x17.1x1.5x
Thu, 30 Oct 2025RM 2.0tRM 1.3tRM 112.1b14.5x17.7x1.5x
Sat, 27 Sep 2025RM 2.0tRM 1.3tRM 112.1b14.8x17.5x1.5x
Mon, 25 Aug 2025RM 1.9tRM 1.3tRM 113.1b14.7x17x1.5x
Wed, 23 Jul 2025RM 1.9tRM 1.3tRM 115.7b13.8x16.1x1.4x
Fri, 20 Jun 2025RM 1.8tRM 1.3tRM 115.6b13.4x15.8x1.4x
Sun, 18 May 2025RM 1.9tRM 1.3tRM 118.5b14.3x15.9x1.5x
Tue, 15 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.6x15x1.4x
Thu, 13 Mar 2025RM 1.8tRM 1.3tRM 118.2b14x15x1.4x
Sat, 08 Feb 2025RM 2.0tRM 1.3tRM 115.4b15.1x17x1.5x
Mon, 06 Jan 2025RM 2.0tRM 1.3tRM 115.1b15.6x17.6x1.6x
Wed, 04 Dec 2024RM 2.0tRM 1.3tRM 114.6b15.5x17.2x1.5x
Fri, 01 Nov 2024RM 1.9tRM 1.3tRM 113.7b15.5x17.1x1.5x
Sun, 29 Sep 2024RM 2.0tRM 1.3tRM 113.3b15.7x17.6x1.6x
Tue, 27 Aug 2024RM 2.0tRM 1.2tRM 108.0b16.6x18.3x1.6x
Thu, 25 Jul 2024RM 2.0tRM 1.2tRM 105.8b18.1x19.1x1.6x
Sat, 22 Jun 2024RM 2.0tRM 1.2tRM 105.0b17.4x18.9x1.6x
Mon, 20 May 2024RM 2.0tRM 1.2tRM 100.2b17.6x19.9x1.7x
Wed, 17 Apr 2024RM 1.9tRM 1.2tRM 99.6b16.1x18.8x1.6x
Fri, 15 Mar 2024RM 1.8tRM 1.2tRM 99.4b15.9x18.5x1.5x
Sun, 11 Feb 2024RM 1.8tRM 1.2tRM 82.5b15.5x21.9x1.5x
Tue, 09 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.9x21.9x1.5x
Thu, 07 Dec 2023RM 1.7tRM 1.2tRM 82.7b15.1x20.9x1.4x
Sat, 04 Nov 2023RM 1.7tRM 1.2tRM 79.6b15.5x21.8x1.4x
Mon, 02 Oct 2023RM 1.7tRM 1.2tRM 79.5b15.7x21.6x1.4x
Wed, 30 Aug 2023RM 1.7tRM 1.2tRM 79.5b15.7x21.9x1.4x
Fri, 28 Jul 2023RM 1.7tRM 1.2tRM 82.5b14.6x20.7x1.4x
Sun, 25 Jun 2023RM 1.6tRM 1.2tRM 82.8b13.7x19.8x1.3x
Price to Earnings Ratio

19.8x


Total Market Cap: RM 1.6tTotal Earnings: RM 82.8bTotal 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 Market1.14%
Tech4.11%
Financials3.52%
Telecom3.04%
Utilities2.98%
Industrials1.87%
Consumer Staples0.74%
Real Estate0.41%
Consumer Discretionary0.28%
Healthcare-0.17%
Energy-2.55%
Materials-7.76%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 77.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.6%, 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 18.0x.
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 3.7% 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
MAYBANK Malayan Banking BerhadRM 11.164.7%
+RM 6.0b		16.3%PB1.5xFinancials
CIMB CIMB Group Holdings BerhadRM 7.786.6%
+RM 5.2b		18.2%PB1.2xFinancials
PBBANK Public Bank BerhadRM 5.004.6%
+RM 4.3b		19.3%PB1.6xFinancials
HLBANK Hong Leong Bank BerhadRM 22.185.6%
+RM 2.4b		14.3%PB1.1xFinancials
99SMART 99 Speed Mart Retail Holdings BerhadRM 3.577.2%
+RM 2.0b		67.6%PE46.1xConsumer Staples
See more

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Latest News

HARTA
RM 1.11
Hartalega Holdings Berhad
7D
-15.3%
1Y
-30.2%
KOSSAN
RM 1.08
Kossan Rubber Industries Bhd
7D
-12.2%
1Y
-25.5%
MISC
RM 8.10
MISC Berhad
7D
-1.3%
1Y
7.4%
Narrative Update • Jun 17

MISC: Long-Term LNG Contracts Will Support Future Stock Returns

Analysts have kept their fair value estimate for MISC Berhad steady at MYR8.99 while making small technical adjustments to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation model rather than a shift in the core price target view.
CIMB
RM 7.78
CIMB Group Holdings Berhad
7D
6.6%
1Y
18.2%
Narrative Update • Jun 16

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

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PMETAL
RM 8.52
Press Metal Aluminium Holdings Berhad
7D
-4.8%
1Y
73.9%
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With EPS Growth And More, Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
PCHEM
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PETRONAS Chemicals Group Berhad
7D
-21.0%
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44.5%
TANCO
RM 0.14
Tanco Holdings Berhad
7D
-27.5%
1Y
-84.8%
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HLBANK
RM 22.18
Hong Leong Bank Berhad
7D
5.6%
1Y
14.3%
CDB
RM 2.80
Celcomdigi Berhad
7D
4.5%
1Y
-26.7%
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CDB: Steady Fair Value And 2026 Dividend Will Guide Return Profile

Analysts have maintained their MYR fair value estimate for Celcomdigi Berhad at MYR2.80, citing largely unchanged assumptions for the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Celcomdigi Berhad declared a first interim tax exempt, single tier dividend of 3.4 sen per ordinary share for the financial year ending 31 December 2026.
TOPGLOV
RM 0.72
Top Glove Corporation Bhd
7D
-13.3%
1Y
0.7%
MAYBANK
RM 11.16
Malayan Banking Berhad
7D
4.7%
1Y
16.3%
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Revenue Miss: Malayan Banking Berhad Fell 12% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

The analysts might have been a bit too bullish on Malayan Banking Berhad ( KLSE:MAYBANK ), given that the company fell...
PBBANK
RM 5.00
Public Bank Berhad
7D
4.6%
1Y
19.3%
SUNWAY
RM 5.32
Sunway Berhad
7D
3.1%
1Y
14.2%
99SMART
RM 3.57
99 Speed Mart Retail Holdings Berhad
7D
7.2%
1Y
67.6%
MAXIS
RM 3.42
Maxis Berhad
7D
5.6%
1Y
-5.3%
DIALOG
RM 1.94
Dialog Group Berhad
7D
-4.0%
1Y
22.8%
Analysis Article • May 15

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