Returns On Capital At Kuala Lumpur Kepong Berhad (KLSE:KLK) Have Hit The Brakes
Nov 01
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Malaysian (KLSE) Market Analysis & Valuation
UpdatedNov 14, 2024
DataAggregated Company Financials
Companies1003
- 7D-1.4%
- 3M-1.4%
- 1Y9.5%
- YTD9.7%
Over the last 7 days, the market has dropped 1.4%, driven by a pullback of 5.2% in the Materials sector. As for the longer term, the market has actually risen by 9.5% in the last year. Looking forward, earnings are forecast to grow by 10% annually.
Market Valuation and Performance
Has the Malaysian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Nov 2024 | RM 2.0t | RM 1.3t | RM 113.6b | 15.7x | 17.3x | 1.5x |
| Sun, 13 Oct 2024 | RM 2.0t | RM 1.3t | RM 113.3b | 15.4x | 17.5x | 1.6x |
| Tue, 10 Sep 2024 | RM 2.0t | RM 1.3t | RM 113.2b | 15.3x | 17.3x | 1.6x |
| Thu, 08 Aug 2024 | RM 1.9t | RM 1.2t | RM 106.0b | 16.9x | 18.3x | 1.6x |
| Sat, 06 Jul 2024 | RM 2.0t | RM 1.2t | RM 105.6b | 17.6x | 19x | 1.6x |
| Mon, 03 Jun 2024 | RM 2.0t | RM 1.2t | RM 102.7b | 17.1x | 19.2x | 1.6x |
| Wed, 01 May 2024 | RM 1.9t | RM 1.2t | RM 99.8b | 16.7x | 19.2x | 1.6x |
| Fri, 29 Mar 2024 | RM 1.9t | RM 1.2t | RM 99.6b | 15.9x | 18.6x | 1.5x |
| Sun, 25 Feb 2024 | RM 1.8t | RM 1.2t | RM 87.4b | 15.9x | 21.1x | 1.5x |
| Tue, 23 Jan 2024 | RM 1.8t | RM 1.2t | RM 82.8b | 15.8x | 21.8x | 1.5x |
| Thu, 21 Dec 2023 | RM 1.8t | RM 1.2t | RM 82.9b | 15.4x | 21.2x | 1.4x |
| Sat, 18 Nov 2023 | RM 1.8t | RM 1.2t | RM 79.6b | 16x | 22x | 1.4x |
| Mon, 16 Oct 2023 | RM 1.7t | RM 1.2t | RM 79.2b | 15.7x | 21.9x | 1.4x |
| Wed, 13 Sep 2023 | RM 1.7t | RM 1.2t | RM 79.7b | 15.5x | 21.7x | 1.4x |
| Fri, 11 Aug 2023 | RM 1.7t | RM 1.2t | RM 81.8b | 14.9x | 21x | 1.4x |
| Sun, 09 Jul 2023 | RM 1.6t | RM 1.2t | RM 82.6b | 13.8x | 19.8x | 1.3x |
| Tue, 06 Jun 2023 | RM 1.6t | RM 1.2t | RM 82.7b | 13.8x | 19.9x | 1.3x |
| Thu, 04 May 2023 | RM 1.7t | RM 1.2t | RM 118.2b | 13.3x | 14.2x | 1.4x |
| Sat, 01 Apr 2023 | RM 1.7t | RM 1.2t | RM 118.8b | 13.4x | 14x | 1.4x |
| Mon, 27 Feb 2023 | RM 1.7t | RM 1.2t | RM 96.9b | 14x | 17.5x | 1.4x |
| Wed, 25 Jan 2023 | RM 1.7t | RM 1.2t | RM 138.8b | 13.2x | 12.4x | 1.4x |
| Fri, 23 Dec 2022 | RM 1.7t | RM 1.2t | RM 138.2b | 13.1x | 12.1x | 1.4x |
| Sun, 20 Nov 2022 | RM 1.6t | RM 1.1t | RM 134.6b | 13.3x | 12x | 1.4x |
| Tue, 18 Oct 2022 | RM 1.5t | RM 1.1t | RM 135.6b | 13.1x | 11.4x | 1.4x |
| Thu, 15 Sep 2022 | RM 1.6t | RM 1.1t | RM 136.2b | 14x | 12x | 1.4x |
| Sat, 13 Aug 2022 | RM 1.7t | RM 1.1t | RM 97.5b | 14.5x | 17.1x | 1.6x |
| Mon, 11 Jul 2022 | RM 1.6t | RM 1.1t | RM 100.9b | 13.8x | 15.7x | 1.5x |
| Wed, 08 Jun 2022 | RM 1.7t | RM 1.1t | RM 102.6b | 14.8x | 16.6x | 1.6x |
| Fri, 06 May 2022 | RM 1.8t | RM 1.0t | RM 97.0b | 15.7x | 18.2x | 1.7x |
| Sun, 03 Apr 2022 | RM 1.8t | RM 1.0t | RM 99.2b | 15.4x | 17.8x | 1.7x |
| Tue, 01 Mar 2022 | RM 1.8t | RM 1.0t | RM 95.9b | 15.2x | 18.5x | 1.7x |
| Thu, 27 Jan 2022 | RM 1.7t | RM 994.5b | RM 93.5b | 15.6x | 18.2x | 1.7x |
| Sat, 25 Dec 2021 | RM 1.7t | RM 993.4b | RM 94.2b | 15.4x | 18.2x | 1.7x |
| Mon, 22 Nov 2021 | RM 1.7t | RM 986.2b | RM 94.1b | 15.6x | 18.6x | 1.8x |
Price to Earnings Ratio
18.6x
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 17.5x.
Past Earnings Growth
- The earnings for Malaysian listed companies have grown 6.5% per year over the last three years.
- Revenues for these companies have grown 8.7% 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 | -1.44% | |
| Consumer Staples | 0.31% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.65% | |
| Financials | -0.69% | |
| Energy | -1.12% | |
| Healthcare | -1.44% | |
| Utilities | -1.49% | |
| Real Estate | -1.95% | |
| Tech | -2.72% | |
| Telecom | -2.89% | |
| Consumer Discretionary | -3.33% | |
| Materials | -5.20% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 52.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 24.7% which is higher than its past year's earnings decline of 1.5% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 1.5% per year.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| UTDPLT United Plantations Berhad | RM 30.58 | 8.8% +RM 1.0b | 81.8% | PE16.8x | Consumer Staples | |
| ABMB Alliance Bank Malaysia Berhad | RM 4.94 | 9.8% +RM 681.2m | 46.2% | PB1.1x | Financials | |
| WPRTS Westports Holdings Berhad | RM 4.43 | 4.0% +RM 579.7m | 27.3% | PE17.8x | Industrials | |
| DIALOG Dialog Group Berhad | RM 2.01 | 5.2% +RM 564.3m | -8.6% | PE19.7x | Energy | |
| KLK Kuala Lumpur Kepong Berhad | RM 22.40 | 2.1% +RM 504.3m | 1.7% | PE35.1x | Consumer Staples |
