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Malaysian (KLSE) Telecom Sector Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.006%
  • 3M-4.4%
  • 1Y0.5%
  • YTD-1.4%

The Telecom industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026RM 133.9bRM 64.6bRM 6.0b13.8x22.3x2.1x
Sun, 11 Jan 2026RM 138.4bRM 64.4bRM 5.8b14.6x23.9x2.1x
Tue, 09 Dec 2025RM 136.1bRM 64.5bRM 5.8b15.9x23.3x2.1x
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
Price to Earnings Ratio

36.6x


Total Market Cap: RM 146.2bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31x202420252026
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 22.3x which is lower than its 3-year average PE of 31.0x.
  • 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 Market1.10%
Telecom-0.0059%
Telecom Services and Carriers1.38%
Entertainment0%0
Wireless Telecom-0.62%
Interactive Media and Services-1.00%
Media-2.14%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 11.6% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 17% 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 35% 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 7.961.4%
+RM 422.2m		17.1%PE13.8x
TIMECOM TIME dotCom BerhadRM 5.971.4%
+RM 147.9m		24.4%PE25.2x
CDB Celcomdigi BerhadRM 3.210.3%
+RM 117.3m		-17.1%PE24.9x
FOODIE Foodie Media BerhadRM 0.436.1%
+RM 22.2m		n/aPE41.3x
REACHTEN Reach Ten Holdings BerhadRM 0.512.0%
+RM 10.0m		n/aPE7.2x

Latest News

CDB
RM 3.21
Celcomdigi Berhad
7D
0.3%
1Y
-17.1%
AXIATA
RM 2.31
Axiata Group Berhad
7D
-1.3%
1Y
4.5%
TIMECOM
RM 5.97
TIME dotCom Berhad
7D
1.4%
1Y
24.4%

Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)

Feb 11
Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)
TM
RM 7.96
Telekom Malaysia Berhad
7D
1.4%
1Y
17.1%

TM: Slightly Lower Discount Rate Will Support Balanced Fair Value Outlook

Analysts have slightly increased their fair value estimate for Telekom Malaysia Berhad from RM7.84 to RM7.91, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E that modestly adjust their outlook on the stock. Valuation Changes The fair value estimate is now MYR7.91, slightly higher than the earlier figure of MYR7.84.
XOX
RM 0.21
XOX Berhad
7D
-4.5%
1Y
-48.8%
MEDIA
RM 0.29
Media Prima Berhad
7D
-3.3%
1Y
-38.9%

Media Prima Berhad's (KLSE:MEDIA) Shareholders Might Be Looking For Exit

Jan 30
Media Prima Berhad's (KLSE:MEDIA) Shareholders Might Be Looking For Exit
FOODIE
RM 0.43
Foodie Media Berhad
7D
6.1%
1Y
n/a
MAXIS
RM 3.83
Maxis Berhad
7D
-1.3%
1Y
9.1%
REACHTEN
RM 0.51
Reach Ten Holdings Berhad
7D
2.0%
1Y
n/a

Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)

Jan 30
Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)
SJC
RM 0.49
Seni Jaya Corporation Berhad
7D
2.1%
1Y
50.0%
NOVATECH
RM 0.04
Nova Technology Services Berhad
7D
14.3%
1Y
-20.0%

Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%

Dec 23
Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%
REDTONE
RM 0.36
REDtone Digital Berhad
7D
1.4%
1Y
-50.7%

REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Dec 18
REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
MTOUCHE
RM 0.03
mTouche Technology Berhad
7D
-14.3%
1Y
-25.0%

Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?

Dec 17
Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?
ASTRO
RM 0.075
Astro Malaysia Holdings Berhad
7D
-11.8%
1Y
-64.3%
CATCHA
RM 0.28
Catcha Digital Berhad
7D
-1.8%
1Y
-18.8%

We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings

Dec 01
We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings
JCBNEXT
RM 1.73
JcbNext Berhad
7D
-0.6%
1Y
4.2%