My E.G. Services Berhad's (KLSE:MYEG) 25% Price Boost Is Out Of Tune With Earnings
May 08
Malaysian (KLSE) Industrials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies274
- 7D2.2%
- 3M13.7%
- 1Y28.2%
- YTD19.6%
Over the last 7 days, the Industrials industry has risen 2.2%, driven by gains from MISC Berhad of 1.6%. In the last 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Malaysian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | RM283.7b | RM225.8b | RM10.6b | 19.1x | 26.7x | 1.3x |
| Tue, 16 Apr 2024 | RM260.1b | RM225.0b | RM10.6b | 16.7x | 24.5x | 1.2x |
| Thu, 14 Mar 2024 | RM247.3b | RM223.3b | RM10.8b | 16.8x | 23x | 1.1x |
| Sat, 10 Feb 2024 | RM240.1b | RM216.6b | -RM124,582,164.00 | 17.5x | -1927.3x | 1.1x |
| Mon, 08 Jan 2024 | RM237.8b | RM232.0b | RM866.9m | 18.5x | 274.3x | 1x |
| Wed, 06 Dec 2023 | RM225.7b | RM230.5b | RM1.1b | 16.9x | 209.2x | 1x |
| Fri, 03 Nov 2023 | RM225.9b | RM225.5b | RM1.5b | 17.2x | 155x | 1x |
| Sun, 01 Oct 2023 | RM224.4b | RM224.4b | RM1.5b | 17.8x | 151.9x | 1x |
| Tue, 29 Aug 2023 | RM223.9b | RM221.9b | RM1.3b | 16.3x | 172.9x | 1x |
| Thu, 27 Jul 2023 | RM217.0b | RM218.2b | RM57.9m | 15.5x | 3746.1x | 1x |
| Sat, 24 Jun 2023 | RM212.8b | RM218.1b | RM226.7m | 15.4x | 938.5x | 1x |
| Mon, 22 May 2023 | RM215.4b | RM426.3b | RM41.0b | 15.6x | 5.3x | 0.5x |
| Wed, 19 Apr 2023 | RM219.9b | RM215.2b | RM33.3b | 16.3x | 6.6x | 1x |
| Fri, 17 Mar 2023 | RM213.2b | RM214.7b | RM33.2b | 16.1x | 6.4x | 1x |
| Sun, 12 Feb 2023 | RM227.9b | RM210.2b | RM43.9b | 14x | 5.2x | 1.1x |
| Tue, 10 Jan 2023 | RM216.4b | RM208.4b | RM43.5b | 13.7x | 5x | 1x |
| Thu, 08 Dec 2022 | RM208.3b | RM207.8b | RM43.6b | 13.4x | 4.8x | 1x |
| Sat, 05 Nov 2022 | RM198.5b | RM198.3b | RM42.4b | 14.4x | 4.7x | 1x |
| Mon, 03 Oct 2022 | RM193.9b | RM197.8b | RM42.4b | 13.9x | 4.6x | 1x |
| Wed, 31 Aug 2022 | RM201.6b | RM195.2b | RM41.9b | 14.5x | 4.8x | 1x |
| Fri, 29 Jul 2022 | RM200.8b | RM188.9b | RM8.6b | 13.9x | 23.3x | 1.1x |
| Sun, 26 Jun 2022 | RM196.1b | RM188.7b | RM8.5b | 14x | 23x | 1x |
| Tue, 24 May 2022 | RM207.3b | RM183.2b | RM8.5b | 15x | 24.4x | 1.1x |
| Thu, 21 Apr 2022 | RM214.9b | RM182.7b | RM8.5b | 16.4x | 25.2x | 1.2x |
| Sat, 19 Mar 2022 | RM209.9b | RM187.0b | RM9.0b | 15x | 23.3x | 1.1x |
| Mon, 14 Feb 2022 | RM216.9b | RM184.0b | RM7.1b | 16.8x | 30.6x | 1.2x |
| Wed, 12 Jan 2022 | RM219.4b | RM183.7b | RM7.0b | 18.1x | 31.1x | 1.2x |
| Fri, 10 Dec 2021 | RM213.7b | RM184.7b | RM7.1b | 16.8x | 30.3x | 1.2x |
| Sun, 07 Nov 2021 | RM226.6b | RM186.6b | RM6.6b | 18.8x | 34.3x | 1.2x |
| Tue, 05 Oct 2021 | RM221.9b | RM186.6b | RM6.6b | 16.2x | 33.4x | 1.2x |
| Thu, 02 Sep 2021 | RM223.7b | RM183.1b | RM6.0b | 18.5x | 37.4x | 1.2x |
| Sat, 31 Jul 2021 | RM211.3b | RM183.1b | RM6.0b | 17.9x | 35.4x | 1.2x |
Price to Earnings Ratio
45.6x
Current Industry PE
- Investors are pessimistic on the Malaysian Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of -394x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 9.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials sector?
| MY Market | 1.94% | |
| Industrials | 2.20% | |
| Machinery | 4.40% | |
| Commercial Services | 4.26% | |
| Professional Services | 3.64% | |
| Electrical | 3.62% | |
| Building | 3.55% | |
| Trade Distributors | 3.21% | |
| Airlines | 2.58% | |
| Construction | 2.31% | |
| Marine and Shipping | 2.13% | |
| Industrials | 1.77% | |
| Logistics | 1.43% | |
| Aerospace & Defense | 0% | |
| Transportation | -0.021% | |
| Infrastructure | -0.61% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings decline of 1.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 5.8% per year.
- In contrast, the Airlines industry is expected to see its earnings decline by 34% 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 | |
|---|---|---|---|---|---|
| MISC MISC Berhad | RM8.27 | 1.6% +RM580.3m | 12.4% | PE17.4x | |
| FRONTKN Frontken Corporation Berhad | RM4.44 | 6.5% +RM424.7m | 54.2% | PE59x | |
| MYEG My E.G. Services Berhad | RM1.04 | 5.6% +RM410.2m | 32.5% | PE15.9x | |
| HAPSENG Hap Seng Consolidated Berhad | RM4.58 | 3.2% +RM348.6m | 6.5% | PE14.2x | |
| GAMUDA Gamuda Berhad | RM5.58 | 2.2% +RM332.2m | 36.8% | PE17.6x |
