Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Telecom Sector Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies25
  • 7D-1.5%
  • 3M-0.3%
  • 1Y3.2%
  • YTD1.4%

Over the last 7 days, the Telecom industry has dropped 1.5%, driven by a pullback from Celcomdigi Berhad of 2.4%. Over the past 12 months, the industry was up 3.2%. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 17 Dec 2022RM 134.9bRM 63.7bRM 4.0b18.4x33.8x2.1x
Price to Earnings Ratio

33.8x


Total Market Cap: RM 134.9bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.7x202320242025
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 23.2x which is lower than its 3-year average PE of 31.7x.
  • 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-0.80%
Telecom-1.48%
Interactive Media and Services1.92%
Telecom Services and Carriers1.66%
Entertainment0%0
Wireless Telecom-2.80%
Media-4.35%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.8x.
    • Analysts are expecting annual earnings growth of 23.6%, 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 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 24% 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 38% 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 7.721.2%
+RM 345.4m		18.4%PE13.3x
MAXIS Maxis BerhadRM 3.800.3%
+RM 78.4m		7.6%PE19.8x
FOODIE Foodie Media BerhadRM 0.378.8%
+RM 26.6m		n/aPE35.2x
TIMECOM TIME dotCom BerhadRM 5.450.2%
+RM 18.5m		15.2%PE23x
MEDIA Media Prima BerhadRM 0.361.4%
+RM 5.5m		-21.5%PE19.5x

Latest News

XOXTECH
RM 0.045
Nova Technology Services Berhad
7D
-10.0%
1Y
-25.0%

Shareholders Would Enjoy A Repeat Of Nova Technology Services Berhad's (KLSE:XOXTECH) Recent Growth In Returns

Dec 10
Shareholders Would Enjoy A Repeat Of Nova Technology Services Berhad's (KLSE:XOXTECH) Recent Growth In Returns
AXIATA
RM 2.53
Axiata Group Berhad
7D
-1.2%
1Y
6.8%

Revenues Working Against Axiata Group Berhad's (KLSE:AXIATA) Share Price

Dec 10
Revenues Working Against Axiata Group Berhad's (KLSE:AXIATA) Share Price
MEDIA
RM 0.36
Media Prima Berhad
7D
1.4%
1Y
-21.5%
TIMECOM
RM 5.45
TIME dotCom Berhad
7D
0.2%
1Y
15.2%
CDB
RM 3.24
Celcomdigi Berhad
7D
-2.4%
1Y
-11.0%

CDB: Future Spectrum Capacity Will Support Stronger Long Term Share Price

Analysts have nudged their price target for Celcomdigi Berhad slightly higher to approximately RM3.98 from RM3.98, citing a modest improvement in long term valuation multiples despite marginal trims to revenue growth and profit margin assumptions. What's in the News Accepted new spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1800MHz band and 2x20MHz in the 2600MHz band, effective 30 November 2025, to support network capacity and service quality (MCMC assignment).
STAR
RM 0.34
Star Media Group Berhad
7D
-5.5%
1Y
-13.8%
TM
RM 7.72
Telekom Malaysia Berhad
7D
1.2%
1Y
18.4%

Is There An Opportunity With Telekom Malaysia Berhad's (KLSE:TM) 39% Undervaluation?

Dec 02
Is There An Opportunity With Telekom Malaysia Berhad's (KLSE:TM) 39% Undervaluation?
CATCHA
RM 0.29
Catcha Digital Berhad
7D
3.6%
1Y
-20.5%

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
MTOUCHE
RM 0.035
mTouche Technology Berhad
7D
-12.5%
1Y
0%
FOODIE
RM 0.37
Foodie Media Berhad
7D
8.8%
1Y
n/a
ASTRO
RM 0.10
Astro Malaysia Holdings Berhad
7D
-9.1%
1Y
-57.4%

Here's Why Astro Malaysia Holdings Berhad (KLSE:ASTRO) Is Weighed Down By Its Debt Load

Nov 25
Here's Why Astro Malaysia Holdings Berhad (KLSE:ASTRO) Is Weighed Down By Its Debt Load
SJC
RM 0.43
Seni Jaya Corporation Berhad
7D
1.2%
1Y
58.2%
REACHTEN
RM 0.48
Reach Ten Holdings Berhad
7D
-2.0%
1Y
n/a
MAXIS
RM 3.80
Maxis Berhad
7D
0.3%
1Y
7.6%

Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04

Nov 10
Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04
OCK
RM 0.40
OCK Group Berhad
7D
-1.3%
1Y
-18.6%