Analysis Article • Jun 03
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Malaysian (KLSE) Telecom Sector Analysis
UpdatedJun 07, 2026
DataAggregated Company Financials
Companies26
- 7D-4.7%
- 3M-9.0%
- 1Y-8.7%
- YTD-11.7%
Over the last 7 days, the Telecom industry has dropped 4.7%, driven by pullbacks in Maxis Berhad and Celcomdigi Berhad of 11% and 7.5%, respectively. However, the industry is down 8.7% over the past year. Looking forward, earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Malaysian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | RM 120.0b | RM 55.1b | RM 5.6b | 15.4x | 21.3x | 2.2x |
| Tue, 05 May 2026 | RM 129.6b | RM 55.1b | RM 5.4b | 15x | 23.9x | 2.4x |
| Thu, 02 Apr 2026 | RM 125.0b | RM 55.1b | RM 5.4b | 14.6x | 23.1x | 2.3x |
| Sat, 28 Feb 2026 | RM 132.0b | RM 55.1b | RM 5.4b | 14.5x | 24.5x | 2.4x |
| Mon, 26 Jan 2026 | RM 137.8b | RM 64.5b | RM 5.8b | 13.8x | 23.7x | 2.1x |
| Wed, 24 Dec 2025 | RM 137.1b | RM 64.4b | RM 5.8b | 14.4x | 23.7x | 2.1x |
| Fri, 21 Nov 2025 | RM 137.2b | RM 64.5b | RM 6.5b | 15.4x | 21.2x | 2.1x |
| Sun, 19 Oct 2025 | RM 138.2b | RM 64.6b | RM 6.5b | 14.2x | 21.1x | 2.1x |
| Tue, 16 Sep 2025 | RM 138.6b | RM 64.7b | RM 6.6b | 14.5x | 21.1x | 2.1x |
| Thu, 14 Aug 2025 | RM 138.3b | RM 64.8b | RM 6.6b | 10.1x | 20.9x | 2.1x |
| Sat, 12 Jul 2025 | RM 133.4b | RM 64.7b | RM 6.6b | 10x | 20.2x | 2.1x |
| Mon, 09 Jun 2025 | RM 131.1b | RM 64.8b | RM 6.6b | 10x | 19.8x | 2x |
| Wed, 07 May 2025 | RM 132.4b | RM 65.4b | RM 6.5b | 11.7x | 20.4x | 2x |
| Fri, 04 Apr 2025 | RM 123.9b | RM 65.2b | RM 6.4b | 12.5x | 19.3x | 1.9x |
| Sun, 02 Mar 2025 | RM 129.2b | RM 65.3b | RM 6.5b | 12.7x | 20x | 2x |
| Tue, 28 Jan 2025 | RM 130.9b | RM 66.0b | RM 6.3b | 14.4x | 20.9x | 2x |
| Thu, 26 Dec 2024 | RM 130.7b | RM 66.0b | RM 6.3b | 16.4x | 20.8x | 2x |
| Sat, 23 Nov 2024 | RM 128.2b | RM 66.4b | RM 5.3b | 15.2x | 24.1x | 1.9x |
| Mon, 21 Oct 2024 | RM 132.2b | RM 66.2b | RM 5.3b | 15.6x | 25.1x | 2x |
| Wed, 18 Sep 2024 | RM 136.5b | RM 66.3b | RM 5.2b | 16.3x | 26.1x | 2.1x |
| Fri, 16 Aug 2024 | RM 133.9b | RM 66.0b | RM 4.8b | 22x | 27.8x | 2x |
| Sun, 14 Jul 2024 | RM 133.5b | RM 66.0b | RM 4.8b | 21.3x | 27.7x | 2x |
| Tue, 11 Jun 2024 | RM 138.0b | RM 66.1b | RM 4.8b | 20.2x | 28.7x | 2.1x |
| Thu, 09 May 2024 | RM 141.6b | RM 65.2b | RM 4.6b | 23.5x | 30.5x | 2.2x |
| Sat, 06 Apr 2024 | RM 140.1b | RM 65.2b | RM 4.6b | 20x | 30.2x | 2.1x |
| Mon, 04 Mar 2024 | RM 142.4b | RM 65.5b | RM 4.7b | 20.6x | 30.5x | 2.2x |
| Wed, 31 Jan 2024 | RM 141.6b | RM 65.3b | RM 215.4m | 20.9x | 657.5x | 2.2x |
| Fri, 29 Dec 2023 | RM 137.1b | RM 65.3b | RM 215.4m | 23.7x | 636.6x | 2.1x |
| Sun, 26 Nov 2023 | RM 136.9b | RM 64.8b | -RM 982,852,318.00 | 22.8x | -139.3x | 2.1x |
| Tue, 24 Oct 2023 | RM 136.3b | RM 63.2b | -RM 1,414,189,318.00 | 20.9x | -96.4x | 2.2x |
| Thu, 21 Sep 2023 | RM 141.3b | RM 63.3b | -RM 1,339,289,318.00 | 20.9x | -105.5x | 2.2x |
| Sat, 19 Aug 2023 | RM 140.9b | RM 60.8b | -RM 875,361,364.00 | 15.8x | -161x | 2.3x |
| Mon, 17 Jul 2023 | RM 139.7b | RM 60.7b | -RM 894,575,201.00 | 15.8x | -156.2x | 2.3x |
| Wed, 14 Jun 2023 | RM 141.4b | RM 60.8b | -RM 810,513,201.00 | 13.5x | -174.4x | 2.3x |
Price to Earnings Ratio
-174.4x
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 21.3x which is lower than its 3-year average PE of 44.7x.
- 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 3.2% 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 Market | -0.012% | |
| Telecom | -4.74% | |
| Interactive Media and Services | 3.36% | |
| Telecom Services and Carriers | 0.55% | |
| Entertainment | 0% | 0 |
| Media | -2.29% | |
| Wireless Telecom | -7.41% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 21.1x.
- Analysts are expecting annual earnings decline of 21.3%, which is worse than the prior year's decline of 17.9%.
- Investors are most pessimistic about the Interactive Media and Services industry, which is trading close to its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Media industry is expected to see its earnings decline by 21% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TM Telekom Malaysia Berhad | RM 7.45 | 0.7% +RM 191.9m | 12.9% | PE17.5x | |
| PUC PUC Berhad | RM 0.04 | 33.3% +RM 30.5m | 14.3% | PS2x | |
| OCK OCK Group Berhad | RM 0.40 | 5.3% +RM 20.6m | -1.2% | PE15.4x | |
| TIMECOM TIME dotCom Berhad | RM 6.04 | 0.2% +RM 18.5m | 16.2% | PE25.7x | |
| MTOUCHE mTouche Technology Berhad | RM 0.035 | 40.0% +RM 9.3m | 133.3% | PS3.4x |
