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Malaysian (KLSE) Telecom Sector Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.9%
  • 3M-10.0%
  • 1Y1.8%
  • YTD-8.0%

In the last week, Telecom has been flat. In line with that, the industry has also been flat over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026RM 125.0bRM 55.1bRM 5.4b14.8x23.1x2.3x
Wed, 11 Mar 2026RM 131.1bRM 55.1bRM 5.4b15.1x24.3x2.4x
Fri, 06 Feb 2026RM 133.9bRM 64.5bRM 5.8b13.6x23.1x2.1x
Sun, 04 Jan 2026RM 135.8bRM 64.4bRM 5.8b14.6x23.4x2.1x
Tue, 02 Dec 2025RM 136.8bRM 64.5bRM 5.8b15.9x23.4x2.1x
Thu, 30 Oct 2025RM 135.9bRM 64.5bRM 6.5b14.5x20.8x2.1x
Sat, 27 Sep 2025RM 135.7bRM 64.6bRM 6.5b14.2x20.8x2.1x
Mon, 25 Aug 2025RM 135.4bRM 64.8bRM 6.7b12.7x20.4x2.1x
Wed, 23 Jul 2025RM 134.2bRM 64.7bRM 6.6b10x20.3x2.1x
Fri, 20 Jun 2025RM 130.8bRM 64.8bRM 6.6b10x19.7x2x
Sun, 18 May 2025RM 136.6bRM 65.4bRM 6.5b11.7x21x2.1x
Tue, 15 Apr 2025RM 124.0bRM 65.2bRM 6.4b12.1x19.3x1.9x
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
Price to Earnings Ratio

-116.1x


Total Market Cap: RM 148.8bTotal Earnings: -RM 1,281,469,420.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 37x202420252026
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 23.1x which is lower than its 3-year average PE of 37.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 2.0% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Telecom sector?

MY Market0.42%
Telecom-0.95%
Interactive Media and Services2.37%
Media0.29%
Entertainment0%0
Wireless Telecom-0.57%
Telecom Services and Carriers-1.84%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings decline of 18.5% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 28% 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
MEDIA Media Prima BerhadRM 0.365.9%
+RM 22.2m		-2.7%PE15.3x
OCK OCK Group BerhadRM 0.385.6%
+RM 20.7m		0%PE14.7x
CATCHA Catcha Digital BerhadRM 0.258.7%
+RM 9.1m		-16.7%PE21.1x
SEDANIA Sedania Innovator BerhadRM 0.0823.1%
+RM 6.1m		-15.8%PS0.4x
KUCINGKO Kucingko BerhadRM 0.086.7%
+RM 2.5m		-52.9%PS11.1x

Latest News

TM
RM 7.00
Telekom Malaysia Berhad
7D
-2.8%
1Y
3.7%

TM: 5G Network Transition And Generous Dividends Will Support Future Upside

Analysts have maintained their price target for Telekom Malaysia Berhad at MYR 7.97. This reflects unchanged assumptions on discount rate, revenue growth and profit margin, along with a consistent forward P/E view.
SEDANIA
RM 0.08
Sedania Innovator Berhad
7D
23.1%
1Y
-15.8%
CDB
RM 3.00
Celcomdigi Berhad
7D
-0.3%
1Y
-14.5%

CDB: New CEO Leadership And Unified Digital Platform Will Support Future Upside

Analysts have nudged their price target on Celcomdigi Berhad slightly lower to reflect a modest adjustment in the implied future P/E to about 27.26x, while keeping fair value broadly steady around MYR4.92, as updated revenue growth and profit margin inputs remain close to prior estimates. What's in the News Company issued earnings guidance for fiscal 2026, indicating expectations for EBIT to show low single digit growth.
AXIATA
RM 2.19
Axiata Group Berhad
7D
-3.1%
1Y
15.9%

AXIATA: New Leadership And Higher Future P/E Will Support Re Rating

Axiata Group Berhad’s analyst price target has been adjusted from MYR3.89 to MYR3.94, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of this revision. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, replacing Vivek Sood, who has been with the group for nine years in various leadership roles including group CEO and group CFO (Key Developments).
KUCINGKO
RM 0.08
Kucingko Berhad
7D
6.7%
1Y
-52.9%
FOODIE
RM 0.32
Foodie Media Berhad
7D
-3.1%
1Y
n/a
ASTRO
RM 0.07
Astro Malaysia Holdings Berhad
7D
-6.7%
1Y
-58.8%
MEDIA
RM 0.36
Media Prima Berhad
7D
5.9%
1Y
-2.7%
SJC
RM 0.52
Seni Jaya Corporation Berhad
7D
2.0%
1Y
65.1%
OCK
RM 0.38
OCK Group Berhad
7D
5.6%
1Y
0%
SBS
RM 0.13
SBS Nexus Berhad
7D
4.2%
1Y
n/a
CATCHA
RM 0.25
Catcha Digital Berhad
7D
8.7%
1Y
-16.7%
TIMECOM
RM 5.80
TIME dotCom Berhad
7D
-2.0%
1Y
14.6%
REACHTEN
RM 0.41
Reach Ten Holdings Berhad
7D
-2.4%
1Y
n/a
SASBADI
RM 0.17
Sasbadi Holdings Berhad
7D
3.1%
1Y
10.0%
REDTONE
RM 0.30
REDtone Digital Berhad
7D
-3.2%
1Y
-40.0%