Malaysian (KLSE) Healthcare Sector Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies29
- 7D-3.3%
- 3M6.9%
- 1Y12.3%
- YTD7.4%
In the last week, the Healthcare industry is down 3.3% with Hartalega Holdings Berhad down the most at 7.1%. Over the past 12 months, the industry was up 12%. Earnings are forecast to grow by 22% annually.
Sector Valuation and Performance
Has the Malaysian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | RM99.6b | RM35.9b | RM2.4b | 23.4x | 41.9x | 2.8x |
| Mon, 29 Apr 2024 | RM97.1b | RM35.0b | RM2.6b | 21.5x | 37.9x | 2.8x |
| Wed, 27 Mar 2024 | RM94.4b | RM35.0b | RM2.6b | 21.9x | 36.8x | 2.7x |
| Fri, 23 Feb 2024 | RM94.1b | RM35.5b | RM1.9b | 18.9x | 50.7x | 2.6x |
| Sun, 21 Jan 2024 | RM92.9b | RM35.5b | RM1.7b | 22.8x | 54.4x | 2.6x |
| Tue, 19 Dec 2023 | RM92.7b | RM35.7b | RM1.6b | 23x | 58x | 2.6x |
| Thu, 16 Nov 2023 | RM87.2b | RM33.5b | RM1.3b | 24.7x | 69.6x | 2.6x |
| Sat, 14 Oct 2023 | RM85.3b | RM33.7b | RM1.3b | 23.6x | 68.2x | 2.5x |
| Mon, 11 Sep 2023 | RM85.1b | RM34.2b | RM1.6b | 23.8x | 51.6x | 2.5x |
| Wed, 09 Aug 2023 | RM86.3b | RM34.4b | RM1.9b | 21.5x | 46x | 2.5x |
| Fri, 07 Jul 2023 | RM83.7b | RM34.6b | RM2.0b | 21x | 42.5x | 2.4x |
| Sun, 04 Jun 2023 | RM87.2b | RM35.6b | RM2.1b | 20.8x | 41.1x | 2.5x |
| Tue, 02 May 2023 | RM84.0b | RM35.2b | RM1.4b | 21.5x | 60.7x | 2.4x |
| Thu, 30 Mar 2023 | RM85.9b | RM35.5b | RM1.5b | 21.5x | 57.6x | 2.4x |
| Sat, 25 Feb 2023 | RM83.2b | RM40.3b | RM2.6b | 17.3x | 31.6x | 2.1x |
| Mon, 23 Jan 2023 | RM84.3b | RM41.6b | RM3.3b | 18.9x | 25.7x | 2x |
| Wed, 21 Dec 2022 | RM82.0b | RM41.6b | RM3.3b | 19.8x | 24.9x | 2x |
| Fri, 18 Nov 2022 | RM84.5b | RM44.8b | RM4.6b | 18.5x | 18.3x | 1.9x |
| Sun, 16 Oct 2022 | RM79.9b | RM46.9b | RM6.0b | 12x | 13.3x | 1.7x |
| Tue, 13 Sep 2022 | RM86.1b | RM47.9b | RM6.5b | 12.1x | 13.2x | 1.8x |
| Thu, 11 Aug 2022 | RM92.2b | RM49.7b | RM7.4b | 14.7x | 12.5x | 1.9x |
| Sat, 09 Jul 2022 | RM92.3b | RM54.3b | RM10.6b | 13.8x | 8.7x | 1.7x |
| Mon, 06 Jun 2022 | RM99.3b | RM56.8b | RM12.5b | 13.8x | 8x | 1.7x |
| Wed, 04 May 2022 | RM106.9b | RM59.2b | RM14.8b | 14x | 7.2x | 1.8x |
| Fri, 01 Apr 2022 | RM107.1b | RM60.8b | RM15.7b | 13.2x | 6.8x | 1.8x |
| Sun, 27 Feb 2022 | RM108.4b | RM64.6b | RM18.5b | 16.3x | 5.9x | 1.7x |
| Tue, 25 Jan 2022 | RM112.7b | RM66.7b | RM20.6b | 15.4x | 5.5x | 1.7x |
| Thu, 23 Dec 2021 | RM114.4b | RM66.7b | RM20.6b | 15.3x | 5.6x | 1.7x |
| Sat, 20 Nov 2021 | RM117.8b | RM67.3b | RM22.6b | 20.6x | 5.2x | 1.7x |
| Mon, 18 Oct 2021 | RM127.3b | RM66.3b | RM22.3b | 21.1x | 5.7x | 1.9x |
| Wed, 15 Sep 2021 | RM131.4b | RM64.6b | RM21.7b | 24.3x | 6x | 2x |
| Fri, 13 Aug 2021 | RM134.8b | RM65.6b | RM22.3b | 24.7x | 6x | 2.1x |
| Tue, 08 Jun 2021 | RM154.4b | RM57.6b | RM18.1b | 23.4x | 8.5x | 2.7x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are optimistic on the Malaysian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.9x which is higher than its 3-year average PE of 28.4x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 49% per year over the last three years,
- Revenues have also declined 15% 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 Healthcare sector?
| MY Market | -1.50% | |
| Healthcare | -3.28% | |
| Biotech | 0% | |
| Pharma | -0.85% | |
| Healthcare Services | -1.94% | |
| Life Sciences | -3.57% | |
| Healthtech | -4.35% | |
| Medical Equipment | -6.73% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 28.4x.
- Analysts are expecting annual earnings growth of 1.4%, which is higher than its past year's earnings decline of 3.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 62% per year.
- In contrast, the Pharma industry is expected to see its earnings decline by 16% 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 | |
|---|---|---|---|---|---|
| OPTIMAX Optimax Holdings Berhad | RM0.68 | 3.8% +RM13.6m | -5.6% | PE28.5x | |
| YSPSAH Y.S.P. Southeast Asia Holding Berhad | RM2.92 | 0.7% +RM2.8m | 16.3% | PE10.3x |