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Malaysian (KLSE) Telecom Sector Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies24
  • 7D0.6%
  • 3M1.9%
  • 1Y5.9%
  • YTD3.5%

Over the last 7 days, the Telecom industry has remained flat. As for the the longer term, the industry is up 6.5% over the past 12 months. Earnings are forecast to grow by 6.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025RM 137.6bRM 64.5bRM 6.5b14.4x21.1x2.1x
Fri, 03 Oct 2025RM 137.2bRM 64.6bRM 6.5b14.4x21x2.1x
Sun, 31 Aug 2025RM 133.0bRM 64.8bRM 6.6b13.5x20.1x2.1x
Tue, 29 Jul 2025RM 135.6bRM 64.7bRM 6.6b10x20.5x2.1x
Thu, 26 Jun 2025RM 133.0bRM 64.7bRM 6.6b10x20.1x2.1x
Sat, 24 May 2025RM 133.8bRM 65.4bRM 6.5b11.4x20.5x2x
Mon, 21 Apr 2025RM 125.2bRM 65.2bRM 6.4b12.8x19.5x1.9x
Wed, 19 Mar 2025RM 121.3bRM 65.3bRM 6.5b12.6x18.8x1.9x
Fri, 14 Feb 2025RM 132.2bRM 66.0bRM 6.3b13.6x21.1x2x
Sun, 12 Jan 2025RM 130.1bRM 66.0bRM 6.3b16.4x20.8x2x
Tue, 10 Dec 2024RM 130.5bRM 66.0bRM 6.2b17.2x21.1x2x
Thu, 07 Nov 2024RM 128.5bRM 66.2bRM 5.3b17.2x24.4x1.9x
Sat, 05 Oct 2024RM 131.3bRM 66.2bRM 5.3b15.8x24.9x2x
Mon, 02 Sep 2024RM 138.9bRM 66.2bRM 5.3b15.7x26.2x2.1x
Wed, 31 Jul 2024RM 135.4bRM 66.0bRM 4.8b23.3x28.1x2.1x
Fri, 28 Jun 2024RM 131.3bRM 66.0bRM 4.8b18.7x27.3x2x
Sun, 26 May 2024RM 142.5bRM 65.4bRM 4.7b23.3x30.5x2.2x
Tue, 23 Apr 2024RM 135.7bRM 65.2bRM 4.6b19.8x29.3x2.1x
Thu, 21 Mar 2024RM 140.3bRM 65.5bRM 4.7b21.9x30.1x2.1x
Sat, 17 Feb 2024RM 143.4bRM 65.3bRM 214.2m20.9x669.4x2.2x
Mon, 15 Jan 2024RM 140.6bRM 65.3bRM 215.4m23.5x652.6x2.2x
Wed, 13 Dec 2023RM 133.9bRM 65.3bRM 257.9m20.3x519.3x2.1x
Fri, 10 Nov 2023RM 138.8bRM 63.2b-RM 1,416,786,318.0021.9x-97.9x2.2x
Sun, 08 Oct 2023RM 138.2bRM 63.2b-RM 1,414,189,318.0020.8x-97.7x2.2x
Tue, 05 Sep 2023RM 141.6bRM 63.3b-RM 1,339,289,318.0022.6x-105.7x2.2x
Thu, 03 Aug 2023RM 143.0bRM 60.7b-RM 892,353,640.0015.7x-160.2x2.4x
Sat, 01 Jul 2023RM 138.8bRM 60.7b-RM 894,575,201.0016.6x-155.1x2.3x
Mon, 29 May 2023RM 147.5bRM 60.8b-RM 809,818,388.0013.2x-182.1x2.4x
Wed, 26 Apr 2023RM 148.7bRM 58.5b-RM 1,281,469,420.0014.5x-116x2.5x
Fri, 24 Mar 2023RM 144.3bRM 58.5b-RM 1,211,995,420.0015.1x-119x2.5x
Sun, 19 Feb 2023RM 146.2bRM 63.7bRM 4.0b14.1x36.6x2.3x
Tue, 17 Jan 2023RM 140.6bRM 63.7bRM 4.0b18.5x35.2x2.2x
Thu, 15 Dec 2022RM 138.8bRM 63.7bRM 4.1b19.4x33.9x2.2x
Sat, 12 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 21.0x 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-0.23%
Telecom0.58%
Interactive Media and Services1.08%
Telecom Services and Carriers0.75%
Wireless Telecom0.52%
Media0.012%
Entertainment0%0
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 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
CDB Celcomdigi BerhadRM 3.682.5%
+RM 1.1b		8.2%PE30.4x
MAXIS Maxis BerhadRM 3.933.4%
+RM 1.0b		8.9%PE21.1x
TIMECOM TIME dotCom BerhadRM 5.055.6%
+RM 499.2m		1.0%PE23.9x
AXIATA Axiata Group BerhadRM 2.590.8%
+RM 183.7m		11.2%PE23.8x
PUC PUC BerhadRM 0.02525.0%
+RM 15.2m		-28.6%PS2.7x

Latest News

TM
RM 7.20
Telekom Malaysia Berhad
7D
-0.7%
1Y
9.8%

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
-8.7%
1Y
147.1%

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
-2.2%
1Y
-9.1%
MEDIA
RM 0.36
Media Prima Berhad
7D
1.4%
1Y
-22.3%
ASTRO
RM 0.13
Astro Malaysia Holdings Berhad
7D
-3.8%
1Y
-47.9%

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 3.68
Celcomdigi Berhad
7D
2.5%
1Y
8.2%

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 5.05
TIME dotCom Berhad
7D
5.6%
1Y
1.0%

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

Oct 28
Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?
AXIATA
RM 2.59
Axiata Group Berhad
7D
0.8%
1Y
11.2%
REDTONE
RM 0.51
REDtone Digital Berhad
7D
-2.9%
1Y
-51.0%
SEDANIA
RM 0.15
Sedania Innovator Berhad
7D
-41.5%
1Y
3.3%
XOX
RM 0.24
XOX Berhad
7D
-11.1%
1Y
26.3%

Returns Are Gaining Momentum At XOX Berhad (KLSE:XOX)

Oct 22
Returns Are Gaining Momentum At XOX Berhad (KLSE:XOX)
MAXIS
RM 3.93
Maxis Berhad
7D
3.4%
1Y
8.9%

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
5.7%
1Y
-16.4%
REACHTEN
RM 0.47
Reach Ten Holdings Berhad
7D
3.3%
1Y
n/a
MTOUCHE
RM 0.04
mTouche Technology Berhad
7D
-11.1%
1Y
0%
PUC
RM 0.025
PUC Berhad
7D
25.0%
1Y
-28.6%