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Malaysian (KLSE) Telecom Sector Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies26
  • 7D-1.1%
  • 3M-0.3%
  • 1Y3.7%
  • YTD0.9%

Over the last 7 days, the Telecom industry has dropped 1.0%, driven by Celcomdigi Berhad declining 1.7%. In the past year, the industry has gained 3.5%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026RM 137.2bRM 64.5bRM 5.8b13.7x23.6x2.1x
Sat, 20 Dec 2025RM 137.7bRM 64.4bRM 5.8b14.6x23.8x2.1x
Mon, 17 Nov 2025RM 139.6bRM 64.6bRM 6.6b14.1x21.2x2.2x
Wed, 15 Oct 2025RM 135.9bRM 64.6bRM 6.5b14.1x20.8x2.1x
Fri, 12 Sep 2025RM 135.3bRM 64.7bRM 6.6b13.9x20.6x2.1x
Sun, 10 Aug 2025RM 136.7bRM 64.8bRM 6.6b10x20.6x2.1x
Tue, 08 Jul 2025RM 134.7bRM 64.7bRM 6.6b10x20.4x2.1x
Thu, 05 Jun 2025RM 132.5bRM 64.8bRM 6.6b10.3x20x2x
Sat, 03 May 2025RM 133.9bRM 65.4bRM 6.5b11.8x20.7x2x
Mon, 31 Mar 2025RM 121.7bRM 65.2bRM 6.4b11.8x18.9x1.9x
Wed, 26 Feb 2025RM 124.8bRM 65.9bRM 6.3b12.5x19.9x1.9x
Fri, 24 Jan 2025RM 129.7bRM 66.0bRM 6.3b14.6x20.7x2x
Sun, 22 Dec 2024RM 129.5bRM 66.0bRM 6.3b16.2x20.7x2x
Tue, 19 Nov 2024RM 125.9bRM 66.3bRM 5.3b15.5x23.6x1.9x
Thu, 17 Oct 2024RM 132.1bRM 66.2bRM 5.3b15.2x25.1x2x
Sat, 14 Sep 2024RM 135.4bRM 66.3bRM 5.2b16.8x25.9x2x
Mon, 12 Aug 2024RM 131.6bRM 66.0bRM 4.8b22.2x27.3x2x
Wed, 10 Jul 2024RM 132.8bRM 66.0bRM 4.8b20.7x27.6x2x
Fri, 07 Jun 2024RM 138.2bRM 66.1bRM 4.8b19.8x28.7x2.1x
Sun, 05 May 2024RM 141.0bRM 65.2bRM 4.6b23.8x30.4x2.2x
Tue, 02 Apr 2024RM 138.4bRM 65.2bRM 4.6b22.3x29.8x2.1x
Thu, 29 Feb 2024RM 144.6bRM 65.5bRM 4.7b20.8x30.9x2.2x
Sat, 27 Jan 2024RM 141.6bRM 65.3bRM 215.4m20.9x657.2x2.2x
Mon, 25 Dec 2023RM 136.8bRM 65.3bRM 215.4m21.9x634.8x2.1x
Wed, 22 Nov 2023RM 139.0bRM 64.9b-RM 1,257,781,318.0021.7x-110.5x2.1x
Fri, 20 Oct 2023RM 137.9bRM 63.2b-RM 1,414,189,318.0020.9x-97.5x2.2x
Sun, 17 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0020.9x-105.9x2.2x
Tue, 15 Aug 2023RM 141.6bRM 60.8b-RM 875,361,364.0015.7x-161.7x2.3x
Thu, 13 Jul 2023RM 138.7bRM 60.7b-RM 894,575,201.0015.6x-155.1x2.3x
Sat, 10 Jun 2023RM 142.5bRM 60.8b-RM 810,513,201.0013.5x-175.8x2.3x
Mon, 08 May 2023RM 151.1bRM 58.5b-RM 1,296,930,420.0014.5x-116.5x2.6x
Wed, 05 Apr 2023RM 145.7bRM 58.5b-RM 1,283,873,420.0014.9x-113.5x2.5x
Fri, 03 Mar 2023RM 146.2bRM 58.5b-RM 1,228,365,463.0014x-119x2.5x
Sun, 29 Jan 2023RM 144.6bRM 63.7bRM 4.0b14.3x36.2x2.3x
Price to Earnings Ratio

36.2x


Total Market Cap: RM 144.6bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.3x202420252026
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 31.3x.
  • 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 Market-0.37%
Telecom-1.13%
Interactive Media and Services1.46%
Entertainment0%0
Telecom Services and Carriers-0.068%
Wireless Telecom-1.57%
Media-3.49%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.1x.
    • Analysts are expecting annual earnings growth of 22.2%, 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 22% 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 36% 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
TIMECOM TIME dotCom BerhadRM 5.703.1%
+RM 314.3m		20.0%PE24.1x
PUC PUC BerhadRM 0.0233.3%
+RM 15.2m		-55.6%PS2.1x
CATCHA Catcha Digital BerhadRM 0.324.9%
+RM 6.8m		-14.7%PE18.8x
KUCINGKO Kucingko BerhadRM 0.105.0%
+RM 2.5m		-61.8%PS13x
SASBADI Sasbadi Holdings BerhadRM 0.173.1%
+RM 2.1m		0%PE6.4x

Latest News

MAXIS
RM 3.91
Maxis Berhad
7D
-1.0%
1Y
8.9%

Does Maxis Berhad (KLSE:MAXIS) Have A Healthy Balance Sheet?

Jan 21
Does Maxis Berhad (KLSE:MAXIS) Have A Healthy Balance Sheet?
TIMECOM
RM 5.70
TIME dotCom Berhad
7D
3.1%
1Y
20.0%

Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today

Jan 20
Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today
TM
RM 7.75
Telekom Malaysia Berhad
7D
-1.0%
1Y
18.0%

Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price

Jan 13
Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price
AXIATA
RM 2.48
Axiata Group Berhad
7D
-2.0%
1Y
10.2%

AXIATA: Edotco Monetisation Will Support Higher Margins Despite Revenue Headwinds

Analysts have maintained their price target on Axiata Group Berhad at RM3.92, citing updated assumptions that combine a sharper projected revenue decline with a higher expected profit margin and a modestly lower forward P/E multiple. What's in the News Axiata has held an Analyst and Investor Day, giving the market an opportunity to hear updated views from management on the business and capital allocation priorities.
CDB
RM 3.39
Celcomdigi Berhad
7D
-1.7%
1Y
-10.3%

CDB: Long Dated Spectrum Assignments Will Support Stronger Future Upside

Analysts have nudged their fair value estimate for Celcomdigi Berhad higher from RM5.01 to about RM5.12. This reflects updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple in their models.
SASBADI
RM 0.17
Sasbadi Holdings Berhad
7D
3.1%
1Y
0%
PUC
RM 0.02
PUC Berhad
7D
33.3%
1Y
-55.6%
OCK
RM 0.39
OCK Group Berhad
7D
-2.5%
1Y
-13.5%
REACHTEN
RM 0.46
Reach Ten Holdings Berhad
7D
-2.1%
1Y
n/a
ASTRO
RM 0.10
Astro Malaysia Holdings Berhad
7D
-4.8%
1Y
-55.6%
KUCINGKO
RM 0.10
Kucingko Berhad
7D
5.0%
1Y
-61.8%

A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)

Dec 11
A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)
CATCHA
RM 0.32
Catcha Digital Berhad
7D
4.9%
1Y
-14.7%

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
FOODIE
RM 0.46
Foodie Media Berhad
7D
-9.8%
1Y
n/a