Malaysian (KLSE) Capital Markets Industry Analysis
UpdatedJun 14, 2024
DataAggregated Company Financials
Companies11
- 7D2.9%
- 3M14.6%
- 1Y25.9%
- YTD18.7%
Over the last 7 days, the Capital Markets industry has risen 3.3%, driven by gains from Bursa Malaysia Berhad of 1.7%. In the last 12 months, the industry was up 24%. Looking forward, earnings are forecast to grow by 2.9% annually.
Industry Valuation and Performance
Has the Malaysian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | RM11.0b | RM1.9b | RM540.0m | 15.3x | 20.4x | 5.9x |
| Mon, 13 May 2024 | RM10.0b | RM1.8b | RM581.6m | 14x | 17.2x | 5.5x |
| Wed, 10 Apr 2024 | RM9.6b | RM1.8b | RM562.7m | 13.5x | 17x | 5.3x |
| Fri, 08 Mar 2024 | RM9.5b | RM1.8b | RM566.8m | 14x | 16.8x | 5.2x |
| Sun, 04 Feb 2024 | RM9.7b | RM1.8b | RM596.5m | 14.9x | 16.2x | 5.4x |
| Tue, 02 Jan 2024 | RM9.2b | RM1.8b | RM586.0m | 14.6x | 15.8x | 5.2x |
| Thu, 30 Nov 2023 | RM8.8b | RM1.7b | RM490.2m | 17.6x | 17.9x | 5.1x |
| Sat, 28 Oct 2023 | RM8.7b | RM1.7b | RM462.5m | 18.4x | 18.8x | 5.1x |
| Mon, 25 Sep 2023 | RM9.0b | RM1.7b | RM462.5m | 19.5x | 19.5x | 5.3x |
| Wed, 23 Aug 2023 | RM8.7b | RM1.7b | RM375.2m | 23.8x | 23.2x | 5.1x |
| Fri, 21 Jul 2023 | RM8.6b | RM1.7b | RM358.4m | 24.3x | 24x | 5.1x |
| Sun, 18 Jun 2023 | RM8.3b | RM1.7b | RM358.4m | 23.3x | 23.2x | 4.9x |
| Tue, 16 May 2023 | RM8.4b | RM1.7b | RM370.0m | 23.4x | 22.7x | 4.9x |
| Thu, 13 Apr 2023 | RM8.6b | RM1.7b | RM381.9m | 23x | 22.6x | 5.1x |
| Sat, 11 Mar 2023 | RM8.8b | RM1.7b | RM382.5m | 23.6x | 22.9x | 5.1x |
| Mon, 06 Feb 2023 | RM9.1b | RM1.8b | RM347.0m | 24.9x | 26.2x | 5.1x |
| Wed, 04 Jan 2023 | RM9.4b | RM1.8b | RM389.9m | 22.4x | 24.2x | 5.1x |
| Fri, 02 Dec 2022 | RM9.6b | RM1.9b | RM489.5m | 20.3x | 19.6x | 5x |
| Sun, 30 Oct 2022 | RM9.1b | RM1.9b | RM497.2m | 14.3x | 18.4x | 4.8x |
| Tue, 27 Sep 2022 | RM9.0b | RM1.9b | RM497.2m | 14.8x | 18.1x | 4.7x |
| Thu, 25 Aug 2022 | RM8.6b | RM2.0b | RM415.9m | 11x | 20.7x | 4.3x |
| Sat, 23 Jul 2022 | RM8.6b | RM2.1b | RM452.7m | 10.8x | 19x | 4.2x |
| Mon, 20 Jun 2022 | RM8.5b | RM2.1b | RM452.7m | 9.5x | 18.7x | 4.1x |
| Wed, 18 May 2022 | RM9.1b | RM2.2b | RM527.4m | 9.3x | 17.3x | 4.1x |
| Fri, 15 Apr 2022 | RM9.4b | RM2.3b | RM580.8m | 9.5x | 16.1x | 4.1x |
| Sun, 13 Mar 2022 | RM8.7b | RM2.3b | RM580.8m | 9.4x | 15x | 3.8x |
| Tue, 08 Feb 2022 | RM9.3b | RM2.3b | RM660.7m | 8.8x | 14.1x | 4x |
| Thu, 06 Jan 2022 | RM9.2b | RM2.4b | RM701.0m | 9x | 13.1x | 3.8x |
| Sat, 04 Dec 2021 | RM9.2b | RM2.4b | RM701.0m | 8.9x | 13.1x | 3.8x |
| Mon, 01 Nov 2021 | RM10.2b | RM2.5b | RM760.2m | 7.3x | 13.4x | 4x |
| Wed, 29 Sep 2021 | RM9.7b | RM2.6b | RM1.7b | 6.2x | 5.6x | 3.7x |
| Fri, 27 Aug 2021 | RM9.7b | RM2.6b | RM1.7b | 6.3x | 5.7x | 3.7x |
| Sat, 03 Jul 2021 | RM10.1b | RM2.6b | RM1.7b | 6.6x | 5.9x | 3.9x |
Price to Earnings Ratio
5.9x
Current Industry PE
- Investors are optimistic on the Malaysian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.0x which is higher than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.8x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 32% per year over the last three years,
- Revenues have also declined 11% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Financials industry?
| MY Market | 1.15% | |
| Financials | -0.39% | |
| Capital Markets | 2.89% | |
| Investment Banking and Brokerage | 5.58% | |
| Asset Management | 1.82% | |
| Financial Exchanges and Data | 1.77% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 3.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.6x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 11% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 2.7% 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 | |
|---|---|---|---|---|---|
| BURSA Bursa Malaysia Berhad | RM8.83 | 2.2% +RM153.8m | 42.9% | PE26.3x | |
| KENANGA Kenanga Investment Bank Berhad | RM1.25 | 6.8% +RM58.1m | 42.0% | PE10.7x | |
| MERSEC Mercury Securities Group Berhad | RM0.42 | 9.1% +RM31.3m | n/a | PE44.7x | |
| APEX Apex Equity Holdings Berhad | RM1.24 | 11.7% +RM26.3m | 3.3% | PE36.9x | |
| HLCAP Hong Leong Capital Berhad | RM4.50 | 2.3% +RM23.6m | -27.2% | PE15.3x |