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Malaysian (KLSE) Telecom Sector Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies25
  • 7D-0.05%
  • 3M-0.4%
  • 1Y2.3%
  • YTD0.1%

Last week, the Telecom industry hasn't moved much but Celcomdigi Berhad is up 7.5% in that time. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 20 Mar 2023RM 141.0bRM 58.5b-RM 1,211,995,420.0015.2x-116.3x2.4x
Wed, 15 Feb 2023RM 144.7bRM 63.7bRM 4.0b15.5x36.2x2.3x
Fri, 13 Jan 2023RM 139.5bRM 63.7bRM 4.0b18.4x34.9x2.2x
Price to Earnings Ratio

34.9x


Total Market Cap: RM 139.5bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.5x202420252026
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 23.4x which is lower than its 3-year average PE of 31.5x.
  • 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 Market0.42%
Telecom-0.053%
Media2.59%
Interactive Media and Services0.36%
Wireless Telecom0.23%
Entertainment0%0
Telecom Services and Carriers-0.79%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.4x.
    • Analysts are expecting annual earnings growth of 23.3%, 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 23% 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 35% 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
CDB Celcomdigi BerhadRM 3.447.5%
+RM 2.8b		-6.0%PE30.5x
AXIATA Axiata Group BerhadRM 2.560.8%
+RM 183.7m		8.9%PE232.4x
MAXIS Maxis BerhadRM 3.870.3%
+RM 78.4m		6.0%PE20.2x
FOODIE Foodie Media BerhadRM 0.526.1%
+RM 26.6m		n/aPE49.4x
PUC PUC BerhadRM 0.0233.3%
+RM 15.2m		-55.6%PS2.1x

Latest News

CDB
RM 3.44
Celcomdigi Berhad
7D
7.5%
1Y
-6.0%

Is There An Opportunity With Celcomdigi Berhad's (KLSE:CDB) 38% Undervaluation?

Jan 05
Is There An Opportunity With Celcomdigi Berhad's (KLSE:CDB) 38% Undervaluation?
SASBADI
RM 0.14
Sasbadi Holdings Berhad
7D
-3.3%
1Y
-14.7%
PUC
RM 0.02
PUC Berhad
7D
33.3%
1Y
-55.6%
OCK
RM 0.38
OCK Group Berhad
7D
1.3%
1Y
-19.1%
AXIATA
RM 2.56
Axiata Group Berhad
7D
0.8%
1Y
8.9%

Here's Why Axiata Group Berhad (KLSE:AXIATA) Has A Meaningful Debt Burden

Jan 01
Here's Why Axiata Group Berhad (KLSE:AXIATA) Has A Meaningful Debt Burden
MAXIS
RM 3.87
Maxis Berhad
7D
0.3%
1Y
6.0%

Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate

Dec 31
Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate
REACHTEN
RM 0.47
Reach Ten Holdings Berhad
7D
-2.1%
1Y
n/a
TIMECOM
RM 5.62
TIME dotCom Berhad
7D
-1.6%
1Y
20.6%

Subdued Growth No Barrier To TIME dotCom Berhad's (KLSE:TIMECOM) Price

Dec 29
Subdued Growth No Barrier To TIME dotCom Berhad's (KLSE:TIMECOM) Price
TM
RM 7.71
Telekom Malaysia Berhad
7D
-4.2%
1Y
17.7%

Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet

Dec 29
Telekom Malaysia Berhad (KLSE:TM) Has A Pretty Healthy Balance Sheet
MEDIA
RM 0.30
Media Prima Berhad
7D
-10.3%
1Y
-34.4%

We Discuss Why Media Prima Berhad's (KLSE:MEDIA) CEO Compensation May Be Closely Reviewed

Dec 21
We Discuss Why Media Prima Berhad's (KLSE:MEDIA) CEO Compensation May Be Closely Reviewed
REDTONE
RM 0.39
REDtone Digital Berhad
7D
2.7%
1Y
-53.9%

REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Dec 18
REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
MTOUCHE
RM 0.035
mTouche Technology Berhad
7D
-12.5%
1Y
0%

Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?

Dec 17
Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?
STAR
RM 0.34
Star Media Group Berhad
7D
1.5%
1Y
-16.3%
JCBNEXT
RM 1.76
JcbNext Berhad
7D
-2.2%
1Y
7.3%
FOODIE
RM 0.52
Foodie Media Berhad
7D
6.1%
1Y
n/a