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Malaysian (KLSE) Telecom Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies25
  • 7D1.9%
  • 3M1.9%
  • 1Y5.5%
  • YTD1.9%

In the last week, the Telecom industry is up 1.9%, with Celcomdigi Berhad up 5.0%. This takes the industry's 12 month performance to a gain of 5.5%. 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
Mon, 12 Jan 2026RM 138.4bRM 64.4bRM 5.8b14.6x23.9x2.1x
Wed, 10 Dec 2025RM 135.3bRM 64.5bRM 5.8b15.7x23.2x2.1x
Fri, 07 Nov 2025RM 138.9bRM 64.5bRM 6.5b14.4x21.3x2.2x
Sun, 05 Oct 2025RM 136.9bRM 64.6bRM 6.5b14.4x21x2.1x
Tue, 02 Sep 2025RM 133.0bRM 64.7bRM 6.6b14.2x20.2x2.1x
Thu, 31 Jul 2025RM 135.3bRM 64.8bRM 6.6b9.9x20.4x2.1x
Sat, 28 Jun 2025RM 132.9bRM 64.7bRM 6.6b10x20.1x2.1x
Mon, 26 May 2025RM 133.8bRM 65.4bRM 6.5b11.4x20.5x2x
Wed, 23 Apr 2025RM 127.4bRM 65.2bRM 6.4b12.7x19.8x2x
Fri, 21 Mar 2025RM 119.2bRM 65.3bRM 6.5b12.3x18.5x1.8x
Sun, 16 Feb 2025RM 127.5bRM 65.9bRM 6.0b13.9x21.3x1.9x
Tue, 14 Jan 2025RM 129.7bRM 65.9bRM 6.3b16.6x20.7x2x
Thu, 12 Dec 2024RM 130.3bRM 66.0bRM 6.2b16.8x21.1x2x
Sat, 09 Nov 2024RM 126.4bRM 66.2bRM 5.3b16.8x24x1.9x
Mon, 07 Oct 2024RM 131.3bRM 66.2bRM 5.3b15.8x24.9x2x
Wed, 04 Sep 2024RM 136.4bRM 66.2bRM 5.3b17.8x25.9x2.1x
Fri, 02 Aug 2024RM 134.7bRM 66.0bRM 4.8b23.5x27.9x2x
Sun, 30 Jun 2024RM 135.1bRM 66.0bRM 4.8b18.8x28x2x
Tue, 28 May 2024RM 142.6bRM 65.4bRM 4.7b23.7x30.5x2.2x
Thu, 25 Apr 2024RM 139.1bRM 65.2bRM 4.6b20.5x30x2.1x
Sat, 23 Mar 2024RM 142.5bRM 65.2bRM 4.7b21.4x30.6x2.2x
Mon, 19 Feb 2024RM 143.4bRM 65.3bRM 214.2m20.9x669.5x2.2x
Wed, 17 Jan 2024RM 139.9bRM 65.3bRM 215.4m21.7x649.3x2.1x
Fri, 15 Dec 2023RM 133.4bRM 65.3bRM 257.9m20.9x517.3x2x
Sun, 12 Nov 2023RM 138.2bRM 63.3b-RM 1,444,786,318.0021.7x-95.6x2.2x
Tue, 10 Oct 2023RM 137.0bRM 63.2b-RM 1,414,189,318.0021.4x-96.9x2.2x
Thu, 07 Sep 2023RM 141.6bRM 63.3b-RM 1,339,289,318.0022.6x-105.7x2.2x
Sat, 05 Aug 2023RM 142.0bRM 60.7b-RM 892,353,640.0015.2x-159.1x2.3x
Mon, 03 Jul 2023RM 138.8bRM 60.7b-RM 894,575,201.0016.6x-155.1x2.3x
Wed, 31 May 2023RM 147.8bRM 60.8b-RM 810,038,388.0013.1x-182.5x2.4x
Fri, 28 Apr 2023RM 149.0bRM 58.5b-RM 1,281,469,420.0014.6x-116.3x2.5x
Sun, 26 Mar 2023RM 142.9bRM 58.5b-RM 1,211,995,420.0014.9x-117.9x2.4x
Tue, 21 Feb 2023RM 147.6bRM 63.7bRM 4.0b14x36.9x2.3x
Thu, 19 Jan 2023RM 142.4bRM 63.7bRM 4.0b14.4x35.6x2.2x
Price to Earnings Ratio

35.6x


Total Market Cap: RM 142.4bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.4x202420252026
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 23.9x which is lower than its 3-year average PE of 31.4x.
  • 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 Market1.81%
Telecom1.91%
Media3.94%
Wireless Telecom2.82%
Entertainment0%0
Telecom Services and Carriers-0.16%
Interactive Media and Services-1.16%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 23.0%, 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 23% 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 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
CDB Celcomdigi BerhadRM 3.385.0%
+RM 1.9b		-7.9%PE30x
MAXIS Maxis BerhadRM 3.902.4%
+RM 705.2m		6.8%PE20.3x
FOODIE Foodie Media BerhadRM 0.5312.8%
+RM 53.3m		n/aPE50.4x
ASTRO Astro Malaysia Holdings BerhadRM 0.105.0%
+RM 26.1m		-53.3%PE11.1x
BINACOM Binasat Communications BerhadRM 0.1110.0%
+RM 6.0m		-38.9%PS0.6x

Latest News

CDB
RM 3.38
Celcomdigi Berhad
7D
5.0%
1Y
-7.9%

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.
OCK
RM 0.39
OCK Group Berhad
7D
1.3%
1Y
-16.3%
MAXIS
RM 3.90
Maxis Berhad
7D
2.4%
1Y
6.8%

Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate

Dec 31
Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate
TM
RM 7.91
Telekom Malaysia Berhad
7D
-0.3%
1Y
20.8%

Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet

Dec 29
Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet
NOVATECH
RM 0.04
Nova Technology Services Berhad
7D
-11.1%
1Y
-27.3%

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%
MEDIA
RM 0.33
Media Prima Berhad
7D
-3.0%
1Y
-30.9%

We Discuss Why Media Prima Berhad's (KLSE:MEDIA) CEO Compensation May Be Closely Reviewed

Dec 21
We Discuss Why Media Prima Berhad's (KLSE:MEDIA) CEO Compensation May Be Closely Reviewed
MTOUCHE
RM 0.04
mTouche Technology Berhad
7D
14.3%
1Y
14.3%

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 0.10
Astro Malaysia Holdings Berhad
7D
5.0%
1Y
-53.3%
BINACOM
RM 0.11
Binasat Communications Berhad
7D
10.0%
1Y
-38.9%

It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks

Dec 15
It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks
KUCINGKO
RM 0.10
Kucingko Berhad
7D
11.1%
1Y
-67.2%

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

Dec 11
A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)
JCBNEXT
RM 1.75
JcbNext Berhad
7D
-2.8%
1Y
7.4%
FOODIE
RM 0.53
Foodie Media Berhad
7D
12.8%
1Y
n/a
INNITY
RM 0.20
Innity Corporation Berhad
7D
-11.1%
1Y
-49.4%