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Malaysian (KLSE) Telecom Sector Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies24
  • 7D1.8%
  • 3M1.9%
  • 1Y7.3%
  • YTD4.0%

Over the last 7 days, the Telecom industry has risen 1.8%, driven by gains in Celcomdigi Berhad and Maxis Berhad of 2.5% and 3.4%, respectively. In the last 12 months, the industry was up 7.3%. Earnings are forecast to grow by 6.6% annually.

Sector Valuation and Performance

Has the Malaysian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025RM 138.3bRM 64.5bRM 6.5b14.2x21.2x2.1x
Sat, 04 Oct 2025RM 136.9bRM 64.6bRM 6.5b14.4x21x2.1x
Mon, 01 Sep 2025RM 133.0bRM 64.6bRM 6.6b14.2x20.2x2.1x
Wed, 30 Jul 2025RM 134.8bRM 64.7bRM 6.6b10x20.4x2.1x
Fri, 27 Jun 2025RM 132.9bRM 64.7bRM 6.6b10x20.1x2.1x
Sun, 25 May 2025RM 133.8bRM 65.4bRM 6.5b11.4x20.5x2x
Tue, 22 Apr 2025RM 127.2bRM 65.2bRM 6.4b12.8x19.8x1.9x
Thu, 20 Mar 2025RM 120.0bRM 65.3bRM 6.5b12.4x18.6x1.8x
Sat, 15 Feb 2025RM 127.5bRM 65.9bRM 6.0b13.9x21.3x1.9x
Mon, 13 Jan 2025RM 130.1bRM 65.9bRM 6.3b17.5x20.8x2x
Wed, 11 Dec 2024RM 130.2bRM 66.0bRM 6.2b16.9x21.1x2x
Fri, 08 Nov 2024RM 126.3bRM 66.2bRM 5.3b17.1x24x1.9x
Sun, 06 Oct 2024RM 131.3bRM 66.2bRM 5.3b15.8x24.9x2x
Tue, 03 Sep 2024RM 138.1bRM 66.2bRM 5.3b16.4x26.1x2.1x
Thu, 01 Aug 2024RM 135.7bRM 66.0bRM 4.8b23.1x28.2x2.1x
Sat, 29 Jun 2024RM 135.1bRM 66.0bRM 4.8b18.8x28x2x
Mon, 27 May 2024RM 142.5bRM 65.4bRM 4.7b23.3x30.5x2.2x
Wed, 24 Apr 2024RM 136.7bRM 65.2bRM 4.6b20.5x29.5x2.1x
Fri, 22 Mar 2024RM 141.7bRM 65.5bRM 4.7b21.6x30.4x2.2x
Sun, 18 Feb 2024RM 143.4bRM 65.3bRM 214.2m20.9x669.5x2.2x
Tue, 16 Jan 2024RM 140.7bRM 65.3bRM 215.4m21.9x653.3x2.2x
Thu, 14 Dec 2023RM 133.4bRM 65.3bRM 257.9m21.4x517.3x2x
Sat, 11 Nov 2023RM 138.2bRM 63.2b-RM 1,416,786,318.0021.7x-97.5x2.2x
Mon, 09 Oct 2023RM 138.2bRM 63.2b-RM 1,414,189,318.0020.8x-97.7x2.2x
Wed, 06 Sep 2023RM 140.7bRM 63.3b-RM 1,339,289,318.0022.6x-105x2.2x
Fri, 04 Aug 2023RM 142.7bRM 60.7b-RM 892,353,640.0015.4x-159.9x2.3x
Sun, 02 Jul 2023RM 138.8bRM 60.7b-RM 894,575,201.0016.6x-155.1x2.3x
Tue, 30 May 2023RM 147.8bRM 60.8b-RM 810,038,388.0013.2x-182.4x2.4x
Thu, 27 Apr 2023RM 148.1bRM 58.5b-RM 1,281,469,420.0014.6x-115.5x2.5x
Sat, 25 Mar 2023RM 142.9bRM 58.5b-RM 1,211,995,420.0014.9x-117.9x2.4x
Mon, 20 Feb 2023RM 146.2bRM 63.7bRM 4.0b14.1x36.6x2.3x
Wed, 18 Jan 2023RM 143.3bRM 63.7bRM 4.0b18.6x35.9x2.3x
Fri, 16 Dec 2022RM 134.7bRM 63.7bRM 4.1b18.3x32.9x2.1x
Sun, 13 Nov 2022RM 123.3bRM 62.6bRM 4.4b19x28x2x
Price to Earnings Ratio

28x


Total Market Cap: RM 123.3bTotal Earnings: RM 4.4bTotal Revenue: RM 62.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 32x202320242025
Current Industry PE
  • Investors are pessimistic on the Malaysian Communication Services 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 21.2x which is lower than its 3-year average PE of 32.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Malaysian Telecom sector?

MY Market-0.24%
Telecom1.82%
Wireless Telecom2.34%
Interactive Media and Services1.63%
Telecom Services and Carriers0.64%
Entertainment0%0
Media-0.96%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.2x.
    • Analysts are expecting annual earnings growth of 8.6%, which is higher than its past year's earnings decline of 11.9% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 8.6% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 39% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MAXIS Maxis BerhadRM 3.953.1%
+RM 940.2m		12.2%PE21.3x
CDB Celcomdigi BerhadRM 3.692.2%
+RM 938.5m		10.1%PE30.5x
AXIATA Axiata Group BerhadRM 2.602.0%
+RM 459.3m		14.5%PE23.9x
TIMECOM TIME dotCom BerhadRM 5.004.2%
+RM 369.8m		2.0%PE23.7x
REACHTEN Reach Ten Holdings BerhadRM 0.478.0%
+RM 35.0m		n/aPE6.7x

Latest News

XOX
RM 0.23
XOX Berhad
7D
-13.2%
1Y
15.0%

The Market Doesn't Like What It Sees From XOX Berhad's (KLSE:XOX) Revenues Yet As Shares Tumble 29%

Nov 05
The Market Doesn't Like What It Sees From XOX Berhad's (KLSE:XOX) Revenues Yet As Shares Tumble 29%
TM
RM 7.29
Telekom Malaysia Berhad
7D
-0.1%
1Y
11.5%

Telekom Malaysia Berhad's (KLSE:TM) Business Is Trailing The Market But Its Shares Aren't

Nov 03
Telekom Malaysia Berhad's (KLSE:TM) Business Is Trailing The Market But Its Shares Aren't
SJC
RM 0.42
Seni Jaya Corporation Berhad
7D
-13.4%
1Y
133.3%

Estimating The Intrinsic Value Of Seni Jaya Corporation Berhad (KLSE:SJC)

Oct 30
Estimating The Intrinsic Value Of Seni Jaya Corporation Berhad (KLSE:SJC)
OCK
RM 0.45
OCK Group Berhad
7D
1.1%
1Y
-5.3%
MEDIA
RM 0.36
Media Prima Berhad
7D
-2.7%
1Y
-23.4%
ASTRO
RM 0.13
Astro Malaysia Holdings Berhad
7D
-3.8%
1Y
-46.8%

Returns On Capital Signal Difficult Times Ahead For Astro Malaysia Holdings Berhad (KLSE:ASTRO)

Oct 29
Returns On Capital Signal Difficult Times Ahead For Astro Malaysia Holdings Berhad (KLSE:ASTRO)
CDB
RM 3.69
Celcomdigi Berhad
7D
2.2%
1Y
10.1%

We Think Celcomdigi Berhad (KLSE:CDB) Can Stay On Top Of Its Debt

Oct 29
We Think Celcomdigi Berhad (KLSE:CDB) Can Stay On Top Of Its Debt
TIMECOM
RM 5.00
TIME dotCom Berhad
7D
4.2%
1Y
2.0%

Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?

Oct 28
Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?
AXIATA
RM 2.60
Axiata Group Berhad
7D
2.0%
1Y
14.5%
SEDANIA
RM 0.13
Sedania Innovator Berhad
7D
-48.0%
1Y
-13.3%
MAXIS
RM 3.95
Maxis Berhad
7D
3.1%
1Y
12.2%

Maxis Berhad (KLSE:MAXIS) Seems To Use Debt Quite Sensibly

Oct 19
Maxis Berhad (KLSE:MAXIS) Seems To Use Debt Quite Sensibly
CATCHA
RM 0.28
Catcha Digital Berhad
7D
5.6%
1Y
-17.4%
REACHTEN
RM 0.47
Reach Ten Holdings Berhad
7D
8.0%
1Y
n/a
JCBNEXT
RM 1.80
JcbNext Berhad
7D
1.7%
1Y
5.9%

We Think You Should Be Aware Of Some Concerning Factors In JcbNext Berhad's (KLSE:JCBNEXT) Earnings

Sep 03
We Think You Should Be Aware Of Some Concerning Factors In JcbNext Berhad's (KLSE:JCBNEXT) Earnings
MTOUCHE
RM 0.04
mTouche Technology Berhad
7D
-11.1%
1Y
0%
STAR
RM 0.38
Star Media Group Berhad
7D
-2.6%
1Y
-11.8%