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Malaysian (KLSE) Telecom Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies26
  • 7D-1.4%
  • 3M-10.7%
  • 1Y-0.9%
  • YTD-9.0%

Over the last 7 days, the Telecom industry has dropped 1.4%, driven by a pullback from Celcomdigi Berhad of 3.3%. Over the last year, the industry has been flat overall. 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
Wed, 15 Apr 2026RM 123.7bRM 55.1bRM 5.4b14.8x22.8x2.2x
Fri, 13 Mar 2026RM 131.0bRM 55.1bRM 5.4b15.3x24.2x2.4x
Sun, 08 Feb 2026RM 134.0bRM 64.5bRM 5.8b13.7x23.1x2.1x
Tue, 06 Jan 2026RM 135.9bRM 64.4bRM 5.8b14.8x23.4x2.1x
Thu, 04 Dec 2025RM 135.2bRM 64.5bRM 5.8b15.9x23.2x2.1x
Sat, 01 Nov 2025RM 135.6bRM 64.5bRM 6.5b14.6x20.8x2.1x
Mon, 29 Sep 2025RM 135.7bRM 64.6bRM 6.5b14.2x20.8x2.1x
Wed, 27 Aug 2025RM 135.2bRM 64.8bRM 6.7b12.7x20.3x2.1x
Fri, 25 Jul 2025RM 134.7bRM 64.7bRM 6.6b10.4x20.4x2.1x
Sun, 22 Jun 2025RM 131.1bRM 64.7bRM 6.6b10x19.8x2x
Tue, 20 May 2025RM 133.7bRM 65.4bRM 6.5b11.5x20.5x2x
Thu, 17 Apr 2025RM 123.6bRM 65.2bRM 6.4b12.7x19.2x1.9x
Sat, 15 Mar 2025RM 120.9bRM 65.3bRM 6.5b12.3x18.7x1.9x
Mon, 10 Feb 2025RM 131.0bRM 66.0bRM 6.3b14.4x20.9x2x
Wed, 08 Jan 2025RM 131.1bRM 66.0bRM 6.3b16.4x20.9x2x
Fri, 06 Dec 2024RM 131.2bRM 66.0bRM 6.2b17.4x21.2x2x
Sun, 03 Nov 2024RM 127.6bRM 66.2bRM 5.3b17.1x24.2x1.9x
Tue, 01 Oct 2024RM 136.8bRM 66.3bRM 5.2b16x26.1x2.1x
Thu, 29 Aug 2024RM 136.7bRM 66.2bRM 4.9b16x27.7x2.1x
Sat, 27 Jul 2024RM 134.1bRM 66.0bRM 4.8b22.7x27.9x2x
Mon, 24 Jun 2024RM 134.1bRM 66.1bRM 4.8b19.4x27.9x2x
Wed, 22 May 2024RM 143.6bRM 65.3bRM 4.7b24x30.7x2.2x
Fri, 19 Apr 2024RM 136.6bRM 65.2bRM 4.6b20.7x29.4x2.1x
Sun, 17 Mar 2024RM 145.0bRM 65.5bRM 4.7b21.4x31.1x2.2x
Tue, 13 Feb 2024RM 142.2bRM 65.3bRM 214.2m20.3x663.7x2.2x
Thu, 11 Jan 2024RM 139.8bRM 65.3bRM 215.4m24.6x649.2x2.1x
Sat, 09 Dec 2023RM 133.2bRM 65.3bRM 257.9m20.9x516.4x2x
Mon, 06 Nov 2023RM 137.8bRM 63.2b-RM 1,416,786,318.0022.4x-97.3x2.2x
Wed, 04 Oct 2023RM 139.2bRM 63.2b-RM 1,414,189,318.0020.8x-98.5x2.2x
Fri, 01 Sep 2023RM 139.6bRM 63.3b-RM 1,334,047,318.0015.2x-104.7x2.2x
Sun, 30 Jul 2023RM 142.4bRM 60.7b-RM 891,992,201.0015.8x-159.6x2.3x
Tue, 27 Jun 2023RM 141.2bRM 60.7b-RM 894,575,201.0016.6x-157.8x2.3x
Thu, 25 May 2023RM 147.1bRM 58.6b-RM 1,251,820,057.0013.1x-117.5x2.5x
Sat, 22 Apr 2023RM 148.0bRM 58.5b-RM 1,281,469,420.0014.8x-115.5x2.5x
Price to Earnings Ratio

-115.5x


Total Market Cap: RM 148.0bTotal Earnings: -RM 1,281,469,420.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 37.3x202420252026
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 22.8x which is lower than its 3-year average PE of 37.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 2.0% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Telecom sector?

MY Market0.58%
Telecom-1.40%
Interactive Media and Services2.78%
Entertainment0%0
Wireless Telecom-0.92%
Media-1.08%
Telecom Services and Carriers-2.47%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 10.2x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 18.5% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 28% 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
OCK OCK Group BerhadRM 0.384.1%
+RM 15.5m		-6.2%PE14.7x
CATCHA Catcha Digital BerhadRM 0.2610.9%
+RM 11.4m		-15.0%PE21.5x
REACHTEN Reach Ten Holdings BerhadRM 0.421.2%
+RM 5.0m		n/aPE11.7x
SASBADI Sasbadi Holdings BerhadRM 0.176.3%
+RM 4.3m		13.3%PE6.6x
SEDANIA Sedania Innovator BerhadRM 0.0814.3%
+RM 4.1m		-27.3%PS0.4x

Latest News

CDB
RM 2.96
Celcomdigi Berhad
7D
-3.3%
1Y
-15.9%
TM
RM 6.95
Telekom Malaysia Berhad
7D
-1.8%
1Y
3.1%

TM: 5G Network Transition And Generous Dividends Will Support Future Upside

Analysts have maintained their price target for Telekom Malaysia Berhad at MYR 7.97. This reflects unchanged assumptions on discount rate, revenue growth and profit margin, along with a consistent forward P/E view.
SEDANIA
RM 0.08
Sedania Innovator Berhad
7D
14.3%
1Y
-27.3%
AXIATA
RM 2.15
Axiata Group Berhad
7D
-2.7%
1Y
15.0%

AXIATA: New Leadership And Higher Future P/E Will Support Re Rating

Axiata Group Berhad’s analyst price target has been adjusted from MYR3.89 to MYR3.94, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of this revision. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, replacing Vivek Sood, who has been with the group for nine years in various leadership roles including group CEO and group CFO (Key Developments).
KUCINGKO
RM 0.08
Kucingko Berhad
7D
6.7%
1Y
-44.8%
ASTRO
RM 0.07
Astro Malaysia Holdings Berhad
7D
-6.7%
1Y
-60.0%
PUC
RM 0.01
PUC Berhad
7D
-33.3%
1Y
-66.7%
MEDIA
RM 0.34
Media Prima Berhad
7D
-1.4%
1Y
-6.8%
OCK
RM 0.38
OCK Group Berhad
7D
4.1%
1Y
-6.2%
SBS
RM 0.13
SBS Nexus Berhad
7D
4.0%
1Y
n/a
CATCHA
RM 0.26
Catcha Digital Berhad
7D
10.9%
1Y
-15.0%
MAXIS
RM 3.54
Maxis Berhad
7D
-1.1%
1Y
2.6%
TIMECOM
RM 5.89
TIME dotCom Berhad
7D
-0.5%
1Y
15.7%
REACHTEN
RM 0.42
Reach Ten Holdings Berhad
7D
1.2%
1Y
n/a
SASBADI
RM 0.17
Sasbadi Holdings Berhad
7D
6.3%
1Y
13.3%
BINACOM
RM 0.07
Binasat Communications Berhad
7D
7.7%
1Y
-51.7%

Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 08
Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny