Investors Met With Slowing Returns on Capital At Maxis Berhad (KLSE:MAXIS)
Jul 20
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Malaysian (KLSE) Telecom Sector Analysis
UpdatedJul 22, 2025
DataAggregated Company Financials
Companies25
- 7D-1.0%
- 3M5.5%
- 1Y-1.1%
- YTD1.5%
Over the last 7 days, the Telecom industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 22 Jul 2025 | RM 134.9b | RM 64.7b | RM 6.6b | 10x | 20.4x | 2.1x |
| Thu, 19 Jun 2025 | RM 131.4b | RM 64.8b | RM 6.6b | 10x | 19.8x | 2x |
| Sat, 17 May 2025 | RM 136.6b | RM 65.4b | RM 6.5b | 11.7x | 21x | 2.1x |
| Mon, 14 Apr 2025 | RM 122.0b | RM 65.2b | RM 6.4b | 12x | 19x | 1.9x |
| Wed, 12 Mar 2025 | RM 122.6b | RM 65.3b | RM 6.5b | 12.7x | 19x | 1.9x |
| Fri, 07 Feb 2025 | RM 131.2b | RM 66.0b | RM 6.3b | 14.4x | 20.9x | 2x |
| Sun, 05 Jan 2025 | RM 132.7b | RM 66.0b | RM 6.3b | 16.7x | 21.2x | 2x |
| Tue, 03 Dec 2024 | RM 129.2b | RM 66.0b | RM 6.2b | 16.4x | 20.9x | 2x |
| Thu, 31 Oct 2024 | RM 127.5b | RM 66.2b | RM 5.3b | 17.2x | 24.2x | 1.9x |
| Sat, 28 Sep 2024 | RM 137.0b | RM 66.3b | RM 5.2b | 15.9x | 26.2x | 2.1x |
| Mon, 26 Aug 2024 | RM 131.8b | RM 66.2b | RM 5.0b | 16.3x | 26.3x | 2x |
| Wed, 24 Jul 2024 | RM 135.8b | RM 66.0b | RM 4.8b | 20.8x | 28.2x | 2.1x |
| Fri, 21 Jun 2024 | RM 135.8b | RM 66.1b | RM 4.8b | 19.3x | 28.2x | 2.1x |
| Sun, 19 May 2024 | RM 141.3b | RM 65.3b | RM 4.7b | 23.4x | 30.2x | 2.2x |
| Tue, 16 Apr 2024 | RM 135.5b | RM 65.2b | RM 4.6b | 20.6x | 29.2x | 2.1x |
| Thu, 14 Mar 2024 | RM 141.3b | RM 65.5b | RM 4.7b | 21.6x | 30.3x | 2.2x |
| Sat, 10 Feb 2024 | RM 142.2b | RM 65.3b | RM 214.2m | 20.3x | 663.9x | 2.2x |
| Mon, 08 Jan 2024 | RM 140.1b | RM 65.3b | RM 215.4m | 24.1x | 650.3x | 2.1x |
| Wed, 06 Dec 2023 | RM 137.1b | RM 65.3b | RM 257.9m | 19.8x | 531.4x | 2.1x |
| Fri, 03 Nov 2023 | RM 136.5b | RM 63.2b | -RM 1,416,786,318.00 | 22.2x | -96.3x | 2.2x |
| Sun, 01 Oct 2023 | RM 139.9b | RM 63.2b | -RM 1,414,189,318.00 | 21.4x | -99x | 2.2x |
| Tue, 29 Aug 2023 | RM 142.7b | RM 62.5b | -RM 658,382,364.00 | 15.1x | -216.8x | 2.3x |
| Thu, 27 Jul 2023 | RM 142.2b | RM 60.7b | -RM 894,575,201.00 | 15.5x | -159x | 2.3x |
| Sat, 24 Jun 2023 | RM 141.2b | RM 60.7b | -RM 894,575,201.00 | 16.3x | -157.8x | 2.3x |
| Mon, 22 May 2023 | RM 148.3b | RM 58.6b | -RM 1,250,437,057.00 | 13.4x | -118.6x | 2.5x |
| Wed, 19 Apr 2023 | RM 149.3b | RM 58.5b | -RM 1,283,873,420.00 | 15.7x | -116.3x | 2.6x |
| Fri, 17 Mar 2023 | RM 137.9b | RM 58.5b | -RM 1,211,995,420.00 | 14.7x | -113.8x | 2.4x |
| Sun, 12 Feb 2023 | RM 141.2b | RM 63.7b | RM 4.0b | 14.1x | 35.3x | 2.2x |
| Tue, 10 Jan 2023 | RM 138.6b | RM 63.7b | RM 4.0b | 18.8x | 34.7x | 2.2x |
| Thu, 08 Dec 2022 | RM 137.3b | RM 63.7b | RM 4.1b | 19.4x | 33.5x | 2.2x |
| Sat, 05 Nov 2022 | RM 119.7b | RM 62.5b | RM 4.4b | 19x | 27.1x | 1.9x |
| Mon, 03 Oct 2022 | RM 113.6b | RM 62.5b | RM 4.4b | 17x | 25.5x | 1.8x |
| Wed, 31 Aug 2022 | RM 125.7b | RM 62.7b | RM 4.4b | 18.7x | 28.4x | 2x |
| Fri, 29 Jul 2022 | RM 116.1b | RM 61.9b | RM 4.6b | 19.6x | 25.4x | 1.9x |
Price to Earnings Ratio
25.4x
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 20.4x which is lower than its 3-year average PE of 32.6x.
- 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 | -0.74% | |
| Telecom | -0.95% | |
| Entertainment | 0% | 0 |
| Interactive Media and Services | 0% | 0 |
| Telecom Services and Carriers | -0.56% | |
| Wireless Telecom | -1.06% | |
| Media | -3.41% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.8x.
- Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 37.8% per year.
- Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 9.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Media industry is expected to see its earnings decline by 36% 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 | |
|---|---|---|---|---|---|
| AXIATA Axiata Group Berhad | RM 2.59 | 2.0% +RM 459.3m | 2.4% | PE22.7x | |
| OCK OCK Group Berhad | RM 0.45 | 3.4% +RM 15.8m | -30.8% | PE14.3x | |
| XOXTECH XOX Technology Berhad | RM 0.04 | 14.3% +RM 4.5m | -20.0% | PE3.6x | |
| STAR Star Media Group Berhad | RM 0.40 | 1.3% +RM 3.6m | 1.3% | PE4.3x | |
| BINACOM Binasat Communications Berhad | RM 0.12 | 4.5% +RM 2.4m | -58.2% | PS0.5x |
