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Malaysian (KLSE) Telecom Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies25
  • 7D0.9%
  • 3M0.7%
  • 1Y2.9%
  • YTD1.3%

Last week, the Telecom industry hasn't moved much but Telekom Malaysia Berhad is up 5.0% in that time. The past year has been better, since the industry has gained 4.2% in that time. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025RM 135.1bRM 64.5bRM 5.8b15.7x23.1x2.1x
Mon, 03 Nov 2025RM 135.6bRM 64.5bRM 6.5b14.6x20.8x2.1x
Wed, 01 Oct 2025RM 136.6bRM 64.6bRM 6.5b14.2x20.9x2.1x
Fri, 29 Aug 2025RM 135.1bRM 64.8bRM 6.7b12.9x20.3x2.1x
Sun, 27 Jul 2025RM 136.3bRM 64.7bRM 6.6b10x20.6x2.1x
Tue, 24 Jun 2025RM 130.2bRM 64.7bRM 6.6b10x19.7x2x
Thu, 22 May 2025RM 133.7bRM 65.4bRM 6.5b11.4x20.5x2x
Sat, 19 Apr 2025RM 125.2bRM 65.2bRM 6.4b12.8x19.5x1.9x
Mon, 17 Mar 2025RM 120.9bRM 65.3bRM 6.5b12.3x18.7x1.9x
Wed, 12 Feb 2025RM 131.6bRM 66.0bRM 6.3b14.4x21x2x
Fri, 10 Jan 2025RM 130.1bRM 66.0bRM 6.3b16.4x20.8x2x
Sun, 08 Dec 2024RM 130.4bRM 66.0bRM 6.2b17.2x21.1x2x
Tue, 05 Nov 2024RM 128.5bRM 66.2bRM 5.3b17.1x24.4x1.9x
Thu, 03 Oct 2024RM 136.9bRM 66.3bRM 5.2b15.8x26.1x2.1x
Sat, 31 Aug 2024RM 138.9bRM 66.2bRM 5.3b17.2x26.3x2.1x
Mon, 29 Jul 2024RM 134.1bRM 66.0bRM 4.8b22.7x27.9x2x
Wed, 26 Jun 2024RM 132.8bRM 66.1bRM 4.8b19.5x27.6x2x
Fri, 24 May 2024RM 143.5bRM 65.4bRM 4.7b23.9x30.7x2.2x
Sun, 21 Apr 2024RM 135.7bRM 65.2bRM 4.6b19.8x29.3x2.1x
Tue, 19 Mar 2024RM 142.1bRM 65.5bRM 4.7b21.6x30.4x2.2x
Thu, 15 Feb 2024RM 143.1bRM 65.3bRM 214.2m20.9x668x2.2x
Sat, 13 Jan 2024RM 140.6bRM 65.3bRM 215.4m23.5x652.6x2.2x
Mon, 11 Dec 2023RM 133.2bRM 65.3bRM 257.9m20.9x516.4x2x
Wed, 08 Nov 2023RM 140.1bRM 63.2b-RM 1,416,786,318.0021.9x-98.9x2.2x
Fri, 06 Oct 2023RM 139.2bRM 63.2b-RM 1,414,189,318.0020.2x-98.5x2.2x
Sun, 03 Sep 2023RM 142.7bRM 63.3b-RM 1,339,289,318.0022.6x-106.5x2.3x
Tue, 01 Aug 2023RM 142.9bRM 60.7b-RM 891,992,201.0015.9x-160.3x2.4x
Thu, 29 Jun 2023RM 140.5bRM 60.7b-RM 894,575,201.0016.3x-157x2.3x
Sat, 27 May 2023RM 147.5bRM 60.8b-RM 805,425,057.0013.2x-183.1x2.4x
Mon, 24 Apr 2023RM 148.0bRM 58.5b-RM 1,281,469,420.0014.8x-115.5x2.5x
Wed, 22 Mar 2023RM 143.5bRM 58.5b-RM 1,211,995,420.0015.3x-118.4x2.5x
Fri, 17 Feb 2023RM 146.0bRM 63.7bRM 4.0b15.5x36.5x2.3x
Sun, 15 Jan 2023RM 139.7bRM 63.7bRM 4.0b18.4x35x2.2x
Tue, 13 Dec 2022RM 138.3bRM 63.7bRM 4.1b19.3x33.8x2.2x
Price to Earnings Ratio

33.8x


Total Market Cap: RM 138.3bTotal Earnings: RM 4.1bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.8x202320242025
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 23.6x which is lower than its 3-year average PE of 31.8x.
  • 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 13% 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 Market0.40%
Telecom0.93%
Telecom Services and Carriers5.01%
Interactive Media and Services0.37%
Entertainment0%0
Media-0.45%
Wireless Telecom-0.78%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.9x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 26.5% 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 24% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 38% 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
TM Telekom Malaysia BerhadRM 7.795.0%
+RM 1.4b		18.4%PE13.5x
AXIATA Axiata Group BerhadRM 2.524.6%
+RM 1.0b		6.8%PE228.7x
TIMECOM TIME dotCom BerhadRM 5.576.1%
+RM 591.6m		16.0%PE23.5x
ASTRO Astro Malaysia Holdings BerhadRM 0.114.8%
+RM 26.1m		-54.2%PE6.6x
REDTONE REDtone Digital BerhadRM 0.433.6%
+RM 11.6m		-53.3%PE16.6x

Latest News

AXIATA
RM 2.52
Axiata Group Berhad
7D
4.6%
1Y
6.8%
MEDIA
RM 0.36
Media Prima Berhad
7D
1.4%
1Y
-21.5%
TIMECOM
RM 5.57
TIME dotCom Berhad
7D
6.1%
1Y
16.0%
STAR
RM 0.35
Star Media Group Berhad
7D
-1.4%
1Y
-12.3%
TM
RM 7.79
Telekom Malaysia Berhad
7D
5.0%
1Y
18.4%

Is There An Opportunity With Telekom Malaysia Berhad's (KLSE:TM) 39% Undervaluation?

Dec 02
Is There An Opportunity With Telekom Malaysia Berhad's (KLSE:TM) 39% Undervaluation?
JCBNEXT
RM 1.74
JcbNext Berhad
7D
0.6%
1Y
2.4%
KUCINGKO
RM 0.095
Kucingko Berhad
7D
-9.5%
1Y
-69.4%
XOX
RM 0.24
XOX Berhad
7D
-7.7%
1Y
-11.1%
REDTONE
RM 0.43
REDtone Digital Berhad
7D
3.6%
1Y
-53.3%

There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings

Nov 28
There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings
FOODIE
RM 0.36
Foodie Media Berhad
7D
-10.0%
1Y
n/a
ASTRO
RM 0.11
Astro Malaysia Holdings Berhad
7D
4.8%
1Y
-54.2%

Here's Why Astro Malaysia Holdings Berhad (KLSE:ASTRO) Is Weighed Down By Its Debt Load

Nov 25
Here's Why Astro Malaysia Holdings Berhad (KLSE:ASTRO) Is Weighed Down By Its Debt Load
SEDANIA
RM 0.11
Sedania Innovator Berhad
7D
-8.3%
1Y
-24.1%
REACHTEN
RM 0.46
Reach Ten Holdings Berhad
7D
-3.2%
1Y
n/a
MAXIS
RM 3.77
Maxis Berhad
7D
-5.5%
1Y
8.6%

Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04

Nov 10
Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04
OCK
RM 0.40
OCK Group Berhad
7D
-4.8%
1Y
-18.6%