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Malaysian (KLSE) Telecom Sector Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies24
  • 7D-2.9%
  • 3M-5.9%
  • 1Y-13.7%
  • YTD-7.7%

Over the last 7 days, the Telecom industry has dropped 3.8%, driven by declines in Maxis Berhad and Axiata Group Berhad of 5.6% and 7.3%, respectively. On the other hand Kucingko Berhad is actually up 5.9%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 8.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025RM 122.2bRM 65.3bRM 6.5b12.7x18.9x1.9x
Sat, 08 Feb 2025RM 131.0bRM 66.0bRM 6.3b14.4x20.9x2x
Mon, 06 Jan 2025RM 132.7bRM 66.0bRM 6.3b16.7x21.2x2x
Wed, 04 Dec 2024RM 130.1bRM 66.0bRM 6.2b16.3x21x2x
Fri, 01 Nov 2024RM 127.5bRM 66.2bRM 5.3b17.2x24.2x1.9x
Sun, 29 Sep 2024RM 137.0bRM 66.3bRM 5.2b15.9x26.2x2.1x
Tue, 27 Aug 2024RM 131.6bRM 66.2bRM 5.0b16.1x26.3x2x
Thu, 25 Jul 2024RM 135.1bRM 66.0bRM 4.8b20.5x28.1x2x
Sat, 22 Jun 2024RM 134.1bRM 66.1bRM 4.8b19.4x27.9x2x
Mon, 20 May 2024RM 141.3bRM 65.3bRM 4.7b23.4x30.2x2.2x
Wed, 17 Apr 2024RM 135.5bRM 65.2bRM 4.6b20.7x29.2x2.1x
Fri, 15 Mar 2024RM 141.9bRM 65.5bRM 4.7b21.4x30.4x2.2x
Sun, 11 Feb 2024RM 142.2bRM 65.3bRM 214.2m20.3x663.7x2.2x
Tue, 09 Jan 2024RM 139.3bRM 65.3bRM 215.4m24.1x646.8x2.1x
Thu, 07 Dec 2023RM 135.8bRM 65.3bRM 257.9m20.9x526.4x2.1x
Sat, 04 Nov 2023RM 137.8bRM 63.2b-RM 1,416,786,318.0022.4x-97.3x2.2x
Mon, 02 Oct 2023RM 139.9bRM 63.2b-RM 1,414,189,318.0021.4x-99x2.2x
Wed, 30 Aug 2023RM 142.8bRM 62.5b-RM 658,382,364.0015.1x-216.9x2.3x
Fri, 28 Jul 2023RM 142.3bRM 60.7b-RM 891,992,201.0015.9x-159.5x2.3x
Sun, 25 Jun 2023RM 141.2bRM 60.7b-RM 894,575,201.0016.3x-157.8x2.3x
Tue, 23 May 2023RM 148.3bRM 58.6b-RM 1,250,437,057.0013.3x-118.6x2.5x
Thu, 20 Apr 2023RM 148.8bRM 58.5b-RM 1,281,469,420.0014.9x-116.1x2.5x
Sat, 18 Mar 2023RM 141.0bRM 58.5b-RM 1,211,995,420.0015.2x-116.3x2.4x
Mon, 13 Feb 2023RM 141.2bRM 63.7bRM 4.0b14.1x35.3x2.2x
Wed, 11 Jan 2023RM 137.2bRM 63.7bRM 4.0b18.7x34.3x2.2x
Fri, 09 Dec 2022RM 139.0bRM 63.7bRM 4.1b19.4x34x2.2x
Sun, 06 Nov 2022RM 119.7bRM 62.5bRM 4.4b19x27.1x1.9x
Tue, 04 Oct 2022RM 114.5bRM 62.5bRM 4.4b16.9x25.7x1.8x
Thu, 01 Sep 2022RM 125.7bRM 62.7bRM 4.4b18.7x28.3x2x
Sat, 30 Jul 2022RM 120.6bRM 62.0bRM 4.5b19.7x26.5x1.9x
Mon, 27 Jun 2022RM 114.3bRM 62.2bRM 4.8b20.1x24x1.8x
Wed, 25 May 2022RM 122.2bRM 61.6bRM 4.8b19.2x25.3x2x
Fri, 22 Apr 2022RM 135.4bRM 61.5bRM 4.9b19.9x27.6x2.2x
Sun, 20 Mar 2022RM 140.1bRM 61.6bRM 5.0b17.6x28.3x2.3x
Price to Earnings Ratio

28.3x


Total Market Cap: RM 140.1bTotal Earnings: RM 5.0bTotal Revenue: RM 61.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 33.3x202320242025
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 19.0x which is lower than its 3-year average PE of 33.3x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 9.3% 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-4.27%
Telecom-2.88%
Entertainment0%0
Telecom Services and Carriers-1.13%
Wireless Telecom-3.49%
Interactive Media and Services-3.77%
Media-8.94%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 10.3x.
    • Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 40.6% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 41% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 18% 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
KUCINGKO Kucingko BerhadRM 0.185.9%
+RM 5.0m
n/aPE17.8x
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