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Malaysian (KLSE) Telecom Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies26
  • 7D-1.0%
  • 3M-4.6%
  • 1Y2.0%
  • YTD-0.4%

Over the last 7 days, the Telecom industry has dropped 1.0%, driven by Axiata Group Berhad declining 3.6%. As for the longer term, the industry's performance has been flat for the past year. 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
Wed, 11 Feb 2026RM 135.3bRM 64.5bRM 5.8b13.7x23.3x2.1x
Fri, 09 Jan 2026RM 137.9bRM 64.4bRM 5.8b14.4x23.8x2.1x
Sun, 07 Dec 2025RM 135.1bRM 64.5bRM 5.8b15.7x23.1x2.1x
Tue, 04 Nov 2025RM 137.4bRM 64.5bRM 6.5b14.5x21x2.1x
Thu, 02 Oct 2025RM 136.4bRM 64.6bRM 6.5b14.3x20.9x2.1x
Sat, 30 Aug 2025RM 133.0bRM 64.8bRM 6.6b13.5x20.1x2.1x
Mon, 28 Jul 2025RM 136.3bRM 64.7bRM 6.6b10x20.6x2.1x
Wed, 25 Jun 2025RM 131.0bRM 64.7bRM 6.6b10x19.8x2x
Fri, 23 May 2025RM 134.0bRM 65.4bRM 6.5b11.4x20.6x2x
Sun, 20 Apr 2025RM 125.2bRM 65.2bRM 6.4b12.8x19.5x1.9x
Tue, 18 Mar 2025RM 121.3bRM 65.3bRM 6.5b12.6x18.8x1.9x
Thu, 13 Feb 2025RM 133.5bRM 66.0bRM 6.3b14.2x21.3x2x
Sat, 11 Jan 2025RM 130.1bRM 66.0bRM 6.3b16.4x20.8x2x
Mon, 09 Dec 2024RM 130.4bRM 66.0bRM 6.2b17.2x21.1x2x
Wed, 06 Nov 2024RM 129.5bRM 66.2bRM 5.3b16.9x24.6x2x
Fri, 04 Oct 2024RM 134.9bRM 66.2bRM 5.3b15.4x25.6x2x
Sun, 01 Sep 2024RM 138.9bRM 66.2bRM 5.3b15.7x26.2x2.1x
Tue, 30 Jul 2024RM 135.8bRM 66.0bRM 4.8b23.7x28.2x2.1x
Thu, 27 Jun 2024RM 132.8bRM 66.0bRM 4.8b19.1x27.6x2x
Sat, 25 May 2024RM 142.6bRM 65.4bRM 4.7b23.3x30.5x2.2x
Mon, 22 Apr 2024RM 135.7bRM 65.2bRM 4.6b19.8x29.3x2.1x
Wed, 20 Mar 2024RM 140.6bRM 65.5bRM 4.7b21.6x30.1x2.1x
Fri, 16 Feb 2024RM 142.7bRM 65.3bRM 214.2m21.4x666.1x2.2x
Sun, 14 Jan 2024RM 140.6bRM 65.3bRM 215.4m23.5x652.6x2.2x
Tue, 12 Dec 2023RM 133.9bRM 65.3bRM 257.9m20.9x519.2x2.1x
Thu, 09 Nov 2023RM 139.8bRM 63.2b-RM 1,416,786,318.0021.9x-98.7x2.2x
Sat, 07 Oct 2023RM 138.2bRM 63.2b-RM 1,414,189,318.0020.8x-97.7x2.2x
Mon, 04 Sep 2023RM 142.7bRM 63.3b-RM 1,339,289,318.0022.6x-106.5x2.3x
Wed, 02 Aug 2023RM 142.7bRM 60.7b-RM 891,992,201.0015.5x-160x2.4x
Fri, 30 Jun 2023RM 141.0bRM 60.7b-RM 894,575,201.0016.3x-157.6x2.3x
Sun, 28 May 2023RM 147.5bRM 60.8b-RM 809,818,388.0013.2x-182.1x2.4x
Tue, 25 Apr 2023RM 148.0bRM 58.5b-RM 1,281,469,420.0014.8x-115.5x2.5x
Thu, 23 Mar 2023RM 143.7bRM 58.5b-RM 1,211,995,420.0015.1x-118.6x2.5x
Sat, 18 Feb 2023RM 146.2bRM 63.7bRM 4.0b14.1x36.6x2.3x
Price to Earnings Ratio

36.6x


Total Market Cap: RM 146.2bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.1x202420252026
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 23.3x which is lower than its 3-year average PE of 31.1x.
  • 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-0.12%
Telecom-1.04%
Telecom Services and Carriers0.07%
Entertainment0%0
Media-1.34%
Wireless Telecom-1.56%
Interactive Media and Services-4.13%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings growth of 21.6%, 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 22% 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 34% 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
TIMECOM TIME dotCom BerhadRM 6.091.8%
+RM 203.4m		28.8%PE25.7x
MEDIA Media Prima BerhadRM 0.325.0%
+RM 16.6m		-33.0%PE16.8x
FOODIE Foodie Media BerhadRM 0.421.2%
+RM 4.4m		n/aPE39.9x
KUCINGKO Kucingko BerhadRM 0.105.0%
+RM 2.5m		-58.8%PS13x

Latest News

TIMECOM
RM 6.09
TIME dotCom Berhad
7D
1.8%
1Y
28.8%

Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)

Feb 11
Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)
TM
RM 8.00
Telekom Malaysia Berhad
7D
-0.5%
1Y
18.2%

Telekom Malaysia Berhad's (KLSE:TM) Share Price Could Signal Some Risk

Feb 09
Telekom Malaysia Berhad's (KLSE:TM) Share Price Could Signal Some Risk
CDB
RM 3.23
Celcomdigi Berhad
7D
-0.3%
1Y
-15.0%

CDB: Future Spectrum Access And Dividends Will Support Long Term Upside

Analysts have slightly revised their fair value estimate for Celcomdigi Berhad from RM3.94 to RM3.93, reflecting marginally lower assumptions for revenue growth, profit margin and future P/E, partially offset by a modestly reduced discount rate. What's in the News Comviva launched a next generation Digital Distribution Management System for CelcomDigi, consolidating multiple legacy systems into a single platform that supports mission critical sales and distribution processes across online, direct, and indirect channels, with integrations across roughly 300 touchpoints and tens of thousands of partners, outlets, and users (Client Announcements).
AXIATA
RM 2.38
Axiata Group Berhad
7D
-3.6%
1Y
4.4%

AXIATA: Future P/E Re Rating Will Support Margins Despite Revenue Weakness

Analysts have nudged their fair value estimate for Axiata Group Berhad slightly lower to RM3.89 from RM3.92, citing updated assumptions around revenue trends, profit margins and the expected future P/E multiple. What's in the News Axiata Group Berhad held an Analyst/Investor Day session, giving the market a formal opportunity to hear updated management commentary and ask questions on the business outlook (Key Developments).
SBS
RM 0.14
SBS Nexus Berhad
7D
-9.4%
1Y
n/a
MEDIA
RM 0.32
Media Prima Berhad
7D
5.0%
1Y
-33.0%

Media Prima Berhad's (KLSE:MEDIA) Shareholders Might Be Looking For Exit

Jan 30
Media Prima Berhad's (KLSE:MEDIA) Shareholders Might Be Looking For Exit
FOODIE
RM 0.42
Foodie Media Berhad
7D
1.2%
1Y
n/a
MAXIS
RM 3.84
Maxis Berhad
7D
-1.5%
1Y
10.3%
REDTONE
RM 0.35
REDtone Digital Berhad
7D
-4.1%
1Y
-52.0%

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
ASTRO
RM 0.08
Astro Malaysia Holdings Berhad
7D
-5.9%
1Y
-64.4%
KUCINGKO
RM 0.10
Kucingko Berhad
7D
5.0%
1Y
-58.8%

A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)

Dec 11
A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)
CATCHA
RM 0.28
Catcha Digital Berhad
7D
-8.2%
1Y
-18.8%

We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings

Dec 01
We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings