What Does Astro Malaysia Holdings Berhad's (KLSE:ASTRO) Share Price Indicate?
Dec 01
Malaysian (KLSE) Telecom Sector Analysis
UpdatedDec 04, 2022
DataAggregated Company Financials
Companies23
- 7D0.8%
- 3M5.3%
- 1Y-8.3%
- YTD-8.9%
Over the last 7 days, the Telecom industry has remained flat. As for the longer term, the industry has declined 8.7% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Dec 2022 | RM142.8b | RM63.7b | RM4.1b | 19.7x | 34.9x | 2.2x |
| Tue, 01 Nov 2022 | RM121.3b | RM62.5b | RM4.4b | 17.8x | 27.5x | 1.9x |
| Thu, 29 Sep 2022 | RM115.4b | RM62.5b | RM4.4b | 17x | 25.9x | 1.8x |
| Sat, 27 Aug 2022 | RM125.8b | RM62.3b | RM4.8b | 19.2x | 26.5x | 2x |
| Mon, 25 Jul 2022 | RM116.6b | RM61.8b | RM4.6b | 19.4x | 25.5x | 1.9x |
| Wed, 22 Jun 2022 | RM114.9b | RM62.3b | RM4.8b | 19.7x | 24x | 1.8x |
| Fri, 20 May 2022 | RM122.8b | RM61.6b | RM4.8b | 20.3x | 25.4x | 2x |
| Sun, 17 Apr 2022 | RM135.5b | RM61.5b | RM4.9b | 19.1x | 27.6x | 2.2x |
| Tue, 15 Mar 2022 | RM141.4b | RM61.6b | RM5.0b | 16.7x | 28.6x | 2.3x |
| Thu, 10 Feb 2022 | RM144.1b | RM60.5b | RM4.8b | 19.9x | 30.2x | 2.4x |
| Sat, 08 Jan 2022 | RM144.8b | RM60.4b | RM4.8b | 20.3x | 30.4x | 2.4x |
| Mon, 06 Dec 2021 | RM146.0b | RM60.5b | RM4.8b | 20.5x | 30.3x | 2.4x |
| Wed, 03 Nov 2021 | RM150.6b | RM59.8b | RM4.9b | 34.1x | 31x | 2.5x |
| Fri, 01 Oct 2021 | RM152.4b | RM59.7b | RM4.9b | 20.5x | 31.1x | 2.6x |
| Sun, 29 Aug 2021 | RM152.9b | RM59.8b | RM5.0b | 21.1x | 30.9x | 2.6x |
| Mon, 05 Jul 2021 | RM143.9b | RM59.8b | RM5.0b | 20.5x | 29x | 2.4x |
| Thu, 08 Apr 2021 | RM138.8b | RM58.5b | RM4.7b | 24.5x | 29.8x | 2.4x |
| Sun, 10 Jan 2021 | RM142.5b | RM58.4b | RM4.6b | 26.4x | 30.7x | 2.4x |
| Sat, 03 Oct 2020 | RM128.1b | RM58.9b | RM4.9b | 26.3x | 26.2x | 2.2x |
| Tue, 07 Jul 2020 | RM136.8b | RM59.4b | RM4.7b | 22.6x | 29.1x | 2.3x |
| Fri, 10 Apr 2020 | RM131.4b | RM60.5b | RM5.1b | 20.8x | 25.9x | 2.2x |
| Thu, 02 Jan 2020 | RM143.2b | RM60.6b | RM5.8b | 22.8x | 24.8x | 2.4x |
Price to Earnings Ratio
24.8x
Current Industry PE
- Investors are optimistic on the Malaysian Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of 28.2x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 11% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Telecom sector?
| MY Market | 0.72% | |
| Telecom | 0.81% | |
| Media | 3.98% | |
| Telecom Services and Carriers | 0.88% | |
| Wireless Telecom | 0.65% | |
| Interactive Media and Services | 0.34% | |
| Entertainment | 0% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 32.1x.
- Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings decline of 8.9% per year.
- Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 478x.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 8.9% per year.
- In contrast, the Media industry is expected to see its earnings grow by 4.7% 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 | |
|---|---|---|---|---|---|
| DIGI Digi.Com Berhad | RM3.99 | 0.3% +RM15.9b | -4.8% | PE45.7x | |
| AXIATA Axiata Group Berhad | RM3.15 | 4.0% +RM1.1b | -16.9% | PS1.1x | |
| TM Telekom Malaysia Berhad | RM5.61 | 1.3% +RM267.5m | 2.9% | PE20.2x | |
| ASTRO Astro Malaysia Holdings Berhad | RM0.72 | 5.1% +RM182.5m | -23.8% | PE8.7x | |
| REDTONE REDtone Digital Berhad | RM0.53 | 10.4% +RM38.6m | 26.2% | PE9x |