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Malaysian (KLSE) Telecom Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies24
  • 7D-1.6%
  • 3M1.4%
  • 1Y6.8%
  • YTD3.3%

Over the last 7 days, the Telecom industry has dropped 2.3%, driven by Celcomdigi Berhad declining 7.2%. Over the past 12 months, the industry was up 6.4%. Looking forward, earnings are forecast to grow by 7.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025RM 138.3bRM 64.6bRM 6.5b14.2x21.3x2.1x
Mon, 20 Oct 2025RM 138.2bRM 64.6bRM 6.5b14.2x21.1x2.1x
Wed, 17 Sep 2025RM 138.6bRM 64.7bRM 6.6b14.5x21.1x2.1x
Fri, 15 Aug 2025RM 137.5bRM 64.8bRM 6.6b10x20.8x2.1x
Sun, 13 Jul 2025RM 135.5bRM 64.7bRM 6.6b10x20.5x2.1x
Tue, 10 Jun 2025RM 130.6bRM 64.8bRM 6.6b10.3x19.7x2x
Thu, 08 May 2025RM 135.4bRM 65.4bRM 6.5b11.8x20.8x2.1x
Sat, 05 Apr 2025RM 123.7bRM 65.2bRM 6.4b12.6x19.2x1.9x
Mon, 03 Mar 2025RM 129.2bRM 65.3bRM 6.5b12.7x20x2x
Wed, 29 Jan 2025RM 129.3bRM 66.0bRM 6.3b14.3x20.6x2x
Fri, 27 Dec 2024RM 131.1bRM 66.0bRM 6.3b16.7x20.9x2x
Sun, 24 Nov 2024RM 128.2bRM 66.4bRM 5.3b15.9x24.1x1.9x
Tue, 22 Oct 2024RM 131.7bRM 66.2bRM 5.3b15.2x25x2x
Thu, 19 Sep 2024RM 136.7bRM 66.3bRM 5.2b15.9x26.1x2.1x
Sat, 17 Aug 2024RM 133.8bRM 66.0bRM 4.8b22x27.8x2x
Mon, 15 Jul 2024RM 133.5bRM 66.0bRM 4.8b21.3x27.7x2x
Wed, 12 Jun 2024RM 138.3bRM 66.1bRM 4.8b20.4x28.7x2.1x
Fri, 10 May 2024RM 140.2bRM 65.2bRM 4.6b24.1x30.2x2.1x
Sun, 07 Apr 2024RM 140.1bRM 65.2bRM 4.6b20x30.2x2.1x
Tue, 05 Mar 2024RM 141.7bRM 65.5bRM 4.7b20.6x30.3x2.2x
Thu, 01 Feb 2024RM 142.5bRM 65.3bRM 213.1m20.3x668.8x2.2x
Sat, 30 Dec 2023RM 136.2bRM 65.3bRM 215.4m23.2x632.1x2.1x
Mon, 27 Nov 2023RM 136.9bRM 64.8b-RM 982,852,318.0022.8x-139.3x2.1x
Wed, 25 Oct 2023RM 135.7bRM 63.2b-RM 1,414,189,318.0020.9x-96x2.1x
Fri, 22 Sep 2023RM 140.8bRM 63.3b-RM 1,339,289,318.0020.9x-105.1x2.2x
Sun, 20 Aug 2023RM 140.9bRM 62.4b-RM 855,361,364.0015.8x-164.8x2.3x
Tue, 18 Jul 2023RM 138.8bRM 60.7b-RM 894,575,201.0015.8x-155.2x2.3x
Thu, 15 Jun 2023RM 142.4bRM 60.8b-RM 810,513,201.0013.6x-175.6x2.3x
Sat, 13 May 2023RM 150.5bRM 58.5b-RM 1,296,928,330.0014.2x-116x2.6x
Mon, 10 Apr 2023RM 146.5bRM 58.5b-RM 1,283,873,420.0015.4x-114.1x2.5x
Wed, 08 Mar 2023RM 145.7bRM 58.5b-RM 1,212,040,420.0014.6x-120.2x2.5x
Fri, 03 Feb 2023RM 145.5bRM 63.7bRM 4.0b15.5x36.4x2.3x
Sun, 01 Jan 2023RM 140.8bRM 63.7bRM 4.0b19.4x35.2x2.2x
Tue, 29 Nov 2022RM 125.9bRM 63.7bRM 4.1b19.9x31x2x
Price to Earnings Ratio

31x


Total Market Cap: RM 125.9bTotal Earnings: RM 4.1bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.9x202320242025
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 21.3x which is lower than its 3-year average PE of 31.9x.
  • 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 17% 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-0.57%
Telecom-1.60%
Interactive Media and Services5.16%
Telecom Services and Carriers0.85%
Entertainment0%0
Wireless Telecom-2.54%
Media-2.77%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings decline of 12.4% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 9.2% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 38% 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
TM Telekom Malaysia BerhadRM 7.301.8%
+RM 498.9m		14.4%PE14x
AXIATA Axiata Group BerhadRM 2.751.5%
+RM 367.5m		18.5%PE25.3x
MAXIS Maxis BerhadRM 4.130.5%
+RM 156.7m		17.0%PE21.5x
CATCHA Catcha Digital BerhadRM 0.3214.5%
+RM 18.0m		-7.4%PE23.4x
INNITY Innity Corporation BerhadRM 0.2331.4%
+RM 7.7m		-33.3%PS0.3x

Latest News

INNITY
RM 0.23
Innity Corporation Berhad
7D
31.4%
1Y
-33.3%

Innity Corporation Berhad's (KLSE:INNITY) 28% Price Boost Is Out Of Tune With Revenues

Nov 21
Innity Corporation Berhad's (KLSE:INNITY) 28% Price Boost Is Out Of Tune With Revenues
CDB
RM 3.36
Celcomdigi Berhad
7D
-7.2%
1Y
-5.6%
MCOM
RM 0.05
MCOM Holdings Berhad
7D
66.7%
1Y
n/a
AXIATA
RM 2.75
Axiata Group Berhad
7D
1.5%
1Y
18.5%

AXIATA: Edotco Sale Plan and Margin Uptick Likely to Shape Outlook

Analysts have slightly raised their price target for Axiata Group Berhad, increasing it by RM0.01 to RM2.83. They cite modest improvements in profit margin and updated discount rate assumptions as reasons for this adjustment.
ASTRO
RM 0.12
Astro Malaysia Holdings Berhad
7D
-4.2%
1Y
-48.9%
MAXIS
RM 4.13
Maxis Berhad
7D
0.5%
1Y
17.0%

Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04

Nov 10
Maxis Berhad (KLSE:MAXIS) Has Affirmed Its Dividend Of MYR0.04
TM
RM 7.30
Telekom Malaysia Berhad
7D
1.8%
1Y
14.4%

Telekom Malaysia Berhad's (KLSE:TM) Business Is Trailing The Market But Its Shares Aren't

Nov 03
Telekom Malaysia Berhad's (KLSE:TM) Business Is Trailing The Market But Its Shares Aren't
OCK
RM 0.43
OCK Group Berhad
7D
-1.1%
1Y
-6.5%
TIMECOM
RM 4.76
TIME dotCom Berhad
7D
-1.7%
1Y
1.3%

Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?

Oct 28
Are Investors Undervaluing TIME dotCom Berhad (KLSE:TIMECOM) By 30%?
REDTONE
RM 0.48
REDtone Digital Berhad
7D
-3.0%
1Y
-49.5%
CATCHA
RM 0.32
Catcha Digital Berhad
7D
14.5%
1Y
-7.4%
BINACOM
RM 0.12
Binasat Communications Berhad
7D
-7.7%
1Y
-41.5%

Binasat Communications Berhad (KLSE:BINACOM) Stock Rockets 42% But Many Are Still Ignoring The Company

Oct 07
Binasat Communications Berhad (KLSE:BINACOM) Stock Rockets 42% But Many Are Still Ignoring The Company
STAR
RM 0.36
Star Media Group Berhad
7D
-2.7%
1Y
-11.0%
PUC
RM 0.02
PUC Berhad
7D
-20.0%
1Y
-50.0%