PETRONAS Dagangan Berhad's (KLSE:PETDAG) Returns Have Hit A Wall
May 14
Malaysian (KLSE) Market Analysis & Valuation
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies975
- 7D1.2%
- 3M7.4%
- 1Y16.3%
- YTD12.5%
The market has climbed 1.2% over the last week, with theUtilities and Communication Services sectors leading the way. As for the past 12 months, the market is up 16%. Looking forward, earnings are forecast to grow by 12% 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, 17 May 2024 | RM2.0t | RM1.2t | RM100.0b | 17.3x | 19.7x | 1.6x |
| Sun, 14 Apr 2024 | RM1.9t | RM1.2t | RM99.6b | 16.5x | 18.9x | 1.6x |
| Tue, 12 Mar 2024 | RM1.8t | RM1.2t | RM99.4b | 15.8x | 18.4x | 1.5x |
| Thu, 08 Feb 2024 | RM1.8t | RM1.2t | RM83.0b | 15.4x | 21.7x | 1.5x |
| Sat, 06 Jan 2024 | RM1.8t | RM1.2t | RM82.8b | 15.8x | 21.8x | 1.5x |
| Mon, 04 Dec 2023 | RM1.7t | RM1.2t | RM82.7b | 15x | 21x | 1.4x |
| Wed, 01 Nov 2023 | RM1.7t | RM1.2t | RM79.5b | 15.4x | 21.7x | 1.4x |
| Fri, 29 Sep 2023 | RM1.7t | RM1.2t | RM79.7b | 15.7x | 21.7x | 1.4x |
| Sun, 27 Aug 2023 | RM1.7t | RM1.2t | RM80.5b | 15.2x | 21.4x | 1.4x |
| Tue, 25 Jul 2023 | RM1.7t | RM1.2t | RM82.6b | 14.2x | 20.5x | 1.4x |
| Thu, 22 Jun 2023 | RM1.6t | RM1.2t | RM82.6b | 13.6x | 19.9x | 1.3x |
| Sat, 20 May 2023 | RM1.7t | RM1.4t | RM125.5b | 13.3x | 13.4x | 1.2x |
| Mon, 17 Apr 2023 | RM1.7t | RM1.2t | RM119.0b | 13.4x | 14.2x | 1.4x |
| Wed, 15 Mar 2023 | RM1.6t | RM1.2t | RM119.1b | 13.5x | 13.7x | 1.3x |
| Fri, 10 Feb 2023 | RM1.7t | RM1.2t | RM138.6b | 13.5x | 12.4x | 1.4x |
| Sun, 08 Jan 2023 | RM1.7t | RM1.2t | RM138.6b | 13.1x | 12.2x | 1.4x |
| Tue, 06 Dec 2022 | RM1.7t | RM1.2t | RM138.9b | 13x | 12.1x | 1.4x |
| Thu, 03 Nov 2022 | RM1.6t | RM1.6t | RM160.3b | 13.4x | 10.1x | 1x |
| Sat, 01 Oct 2022 | RM1.6t | RM1.1t | RM135.7b | 13.4x | 11.5x | 1.4x |
| Mon, 29 Aug 2022 | RM1.7t | RM1.1t | RM134.2b | 13.9x | 12.4x | 1.5x |
| Wed, 27 Jul 2022 | RM1.6t | RM1.1t | RM101.0b | 14x | 16x | 1.5x |
| Fri, 24 Jun 2022 | RM1.6t | RM1.1t | RM100.5b | 14.1x | 15.8x | 1.5x |
| Sun, 22 May 2022 | RM1.7t | RM1.0t | RM95.7b | 15.4x | 18x | 1.7x |
| Tue, 19 Apr 2022 | RM1.8t | RM1.0t | RM98.4b | 15.4x | 17.9x | 1.7x |
| Thu, 17 Mar 2022 | RM1.7t | RM1.0t | RM96.8b | 14.5x | 17.8x | 1.7x |
| Sat, 12 Feb 2022 | RM1.8t | RM996.0b | RM93.3b | 15.8x | 18.9x | 1.8x |
| Mon, 10 Jan 2022 | RM1.7t | RM992.2b | RM93.5b | 16x | 18.7x | 1.8x |
| Wed, 08 Dec 2021 | RM1.7t | RM998.0b | RM97.1b | 14.8x | 17.3x | 1.7x |
| Fri, 05 Nov 2021 | RM1.8t | RM985.2b | RM93.6b | 15.9x | 18.9x | 1.8x |
| Sun, 03 Oct 2021 | RM1.7t | RM984.7b | RM93.5b | 15.5x | 18.7x | 1.8x |
| Tue, 31 Aug 2021 | RM1.8t | RM982.3b | RM95.7b | 16.4x | 18.7x | 1.8x |
| Wed, 07 Jul 2021 | RM1.7t | RM981.9b | RM95.6b | 15.7x | 17.8x | 1.7x |
Price to Earnings Ratio
22.4x
Current Market PE
- Investors are optimistic on the Malaysian market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 19.7x which is higher than its 3-year average PE of 17.6x.
Past Earnings Growth
- The earnings for Malaysian listed companies have grown 8.6% per year over the last three years.
- Revenues for these companies have grown 9.3% 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 | 1.23% | |
| Healthcare | 4.79% | |
| Tech | 3.96% | |
| Utilities | 2.58% | |
| Consumer Discretionary | 2.56% | |
| Real Estate | 1.32% | |
| Industrials | 1.12% | |
| Financials | 0.71% | |
| Consumer Staples | 0.27% | |
| Materials | 0.16% | |
| Telecom | 0.018% | |
| Energy | -1.17% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 48.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.5% which is higher than its past year's earnings decline of 14.0% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.5x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 5.1% per year 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 | |
|---|---|---|---|---|---|---|
| YTL YTL Corporation Berhad | RM3.82 | 12.4% +RM4.6b | 392.9% | PE20.2x | Utilities | |
| YTLPOWR YTL Power International Berhad | RM5.39 | 8.5% +RM3.4b | 368.7% | PE13x | Utilities | |
| HARTA Hartalega Holdings Berhad | RM3.65 | 21.7% +RM2.2b | 40.9% | PS6.8x | Healthcare | |
| TOPGLOV Top Glove Corporation Bhd | RM1.20 | 26.3% +RM2.0b | 0% | PS4.7x | Healthcare | |
| TENAGA Tenaga Nasional Berhad | RM12.60 | 1.6% +RM1.2b | 28.3% | PE26.3x | Utilities |
