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Malaysian (KLSE) Telecom Sector Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies25
  • 7D1.5%
  • 3M-1.4%
  • 1Y4.8%
  • YTD2.8%

Over the last 7 days, the Telecom industry has risen 1.5%, driven by gains in Axiata Group Berhad and Maxis Berhad of 4.0% and 2.9%, respectively. This means that the industry has gained 4.8% over the past year. Looking forward, 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
Mon, 15 Dec 2025RM 137.1bRM 64.4bRM 5.8b15.9x23.7x2.1x
Wed, 12 Nov 2025RM 142.2bRM 64.6bRM 6.6b14.4x21.6x2.2x
Fri, 10 Oct 2025RM 137.0bRM 64.6bRM 6.5b14.5x21x2.1x
Sun, 07 Sep 2025RM 133.8bRM 64.7bRM 6.6b13.9x20.4x2.1x
Tue, 05 Aug 2025RM 134.5bRM 64.8bRM 6.6b10x20.3x2.1x
Thu, 03 Jul 2025RM 135.1bRM 64.7bRM 6.6b10x20.4x2.1x
Sat, 31 May 2025RM 128.9bRM 64.8bRM 6.6b10.8x19.5x2x
Mon, 28 Apr 2025RM 130.1bRM 65.2bRM 6.4b12.9x20.2x2x
Wed, 26 Mar 2025RM 119.8bRM 65.3bRM 6.5b12.4x18.5x1.8x
Fri, 21 Feb 2025RM 124.3bRM 66.0bRM 6.3b13.1x19.8x1.9x
Sun, 19 Jan 2025RM 129.9bRM 66.0bRM 6.3b15x20.7x2x
Tue, 17 Dec 2024RM 131.0bRM 66.0bRM 6.3b16.3x20.9x2x
Thu, 14 Nov 2024RM 124.8bRM 66.3bRM 5.3b16.4x23.4x1.9x
Sat, 12 Oct 2024RM 130.9bRM 66.2bRM 5.3b15.3x24.8x2x
Mon, 09 Sep 2024RM 134.7bRM 66.2bRM 5.2b16.7x25.7x2x
Wed, 07 Aug 2024RM 129.0bRM 66.0bRM 4.8b20.7x26.8x2x
Fri, 05 Jul 2024RM 134.0bRM 66.0bRM 4.8b20.2x27.8x2x
Sun, 02 Jun 2024RM 137.4bRM 66.0bRM 4.7b22.8x29.1x2.1x
Tue, 30 Apr 2024RM 141.3bRM 65.2bRM 4.6b19.9x30.5x2.2x
Thu, 28 Mar 2024RM 138.0bRM 65.2bRM 4.6b20.7x29.7x2.1x
Sat, 24 Feb 2024RM 143.4bRM 65.3bRM 4.4b21.4x32.6x2.2x
Mon, 22 Jan 2024RM 139.7bRM 65.3bRM 215.4m21.7x648.5x2.1x
Wed, 20 Dec 2023RM 136.4bRM 65.3bRM 215.4m21.9x633.3x2.1x
Fri, 17 Nov 2023RM 140.2bRM 63.3b-RM 1,437,786,318.0021.9x-97.5x2.2x
Sun, 15 Oct 2023RM 139.3bRM 63.2b-RM 1,414,189,318.0022x-98.5x2.2x
Tue, 12 Sep 2023RM 141.4bRM 63.3b-RM 1,339,289,318.0021.7x-105.6x2.2x
Thu, 10 Aug 2023RM 142.8bRM 60.7b-RM 892,361,364.0015.8x-160.1x2.4x
Sat, 08 Jul 2023RM 135.5bRM 60.7b-RM 894,575,201.0015.1x-151.4x2.2x
Mon, 05 Jun 2023RM 145.8bRM 60.8b-RM 810,513,201.0013.8x-179.9x2.4x
Wed, 03 May 2023RM 148.9bRM 58.5b-RM 1,296,027,420.0014.7x-114.9x2.5x
Fri, 31 Mar 2023RM 145.5bRM 58.5b-RM 1,283,873,420.0014.8x-113.3x2.5x
Sun, 26 Feb 2023RM 146.5bRM 58.7b-RM 1,331,467,463.0014x-110x2.5x
Tue, 24 Jan 2023RM 144.3bRM 63.7bRM 4.0b14.3x36.1x2.3x
Thu, 22 Dec 2022RM 135.0bRM 63.7bRM 4.0b18.3x33.8x2.1x
Price to Earnings Ratio

33.8x


Total Market Cap: RM 135.0bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.7x202320242025
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 23.7x which is lower than its 3-year average PE of 31.7x.
  • 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 Market0.86%
Telecom1.51%
Media3.30%
Wireless Telecom2.21%
Interactive Media and Services1.90%
Entertainment0%0
Telecom Services and Carriers-0.096%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.7x.
    • 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 8.7x.
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 3.332.1%
+RM 821.2m		-7.2%PE29.5x
MAXIS Maxis BerhadRM 3.922.1%
+RM 626.8m		9.8%PE20.4x
TM Telekom Malaysia BerhadRM 7.911.4%
+RM 422.2m		17.5%PE13.7x
FOODIE Foodie Media BerhadRM 0.4219.7%
+RM 62.2m		n/aPE40.4x
REACHTEN Reach Ten Holdings BerhadRM 0.496.5%
+RM 30.0m		n/aPE6.9x

Latest News

REACHTEN
RM 0.49
Reach Ten Holdings Berhad
7D
6.5%
1Y
n/a
BINACOM
RM 0.095
Binasat Communications Berhad
7D
-5.0%
1Y
-51.3%

It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks

Dec 15
It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks
CDB
RM 3.33
Celcomdigi Berhad
7D
2.1%
1Y
-7.2%

Celcomdigi Berhad's (KLSE:CDB) Share Price Matching Investor Opinion

Dec 12
Celcomdigi Berhad's (KLSE:CDB) Share Price Matching Investor Opinion
MAXIS
RM 3.92
Maxis Berhad
7D
2.1%
1Y
9.8%

Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price

Dec 12
Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price
KUCINGKO
RM 0.09
Kucingko Berhad
7D
-5.3%
1Y
-70.0%

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

Dec 11
A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)
TM
RM 7.91
Telekom Malaysia Berhad
7D
1.4%
1Y
17.5%

TM: AI Partnership And Stable Margins Will Shape Customer Experience By 2030

Analysts have modestly raised their price target on Telekom Malaysia Berhad to MYR 7.83 from MYR 7.78. This reflects slightly improved expectations for long term profit margins and earnings multiples, despite an unchanged risk profile.
MEDIA
RM 0.37
Media Prima Berhad
7D
1.4%
1Y
-21.3%
TIMECOM
RM 5.50
TIME dotCom Berhad
7D
-1.6%
1Y
19.3%
STAR
RM 0.34
Star Media Group Berhad
7D
-4.2%
1Y
-15.0%
CATCHA
RM 0.30
Catcha Digital Berhad
7D
5.3%
1Y
-18.9%

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
WATTA
RM 0.41
Watta Holding Berhad
7D
-2.4%
1Y
-2.4%
REDTONE
RM 0.40
REDtone Digital Berhad
7D
-7.0%
1Y
-56.0%

There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings

Nov 28
There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings
FOODIE
RM 0.42
Foodie Media Berhad
7D
19.7%
1Y
n/a
INNITY
RM 0.24
Innity Corporation Berhad
7D
-2.0%
1Y
-29.4%
SJC
RM 0.46
Seni Jaya Corporation Berhad
7D
5.7%
1Y
64.3%
OCK
RM 0.39
OCK Group Berhad
7D
-2.5%
1Y
-16.1%