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Malaysian (KLSE) Telecom Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.0%
  • 3M-3.8%
  • 1Y4.3%
  • YTD-2.5%

Over the last 7 days, the Telecom industry has dropped 2.0%, driven by Celcomdigi Berhad declining 3.4%. Meanwhile, PUC Berhad actually outperformed within the industry, gaining 33% in the last week. Over the past 12 months, the industry was up 4.3%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026RM 132.5bRM 64.7bRM 6.1b14.1x21.9x2x
Sat, 17 Jan 2026RM 137.7bRM 64.4bRM 5.8b14.8x23.8x2.1x
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
Price to Earnings Ratio

-110x


Total Market Cap: RM 146.5bTotal Earnings: -RM 1,331,467,463.00Total Revenue: RM 58.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31x202420252026
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 21.9x which is lower than its 3-year average PE of 31.0x.
  • 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 grown 3.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

MY Market-0.45%
Telecom-2.01%
Entertainment0%0
Interactive Media and Services0%0
Telecom Services and Carriers-1.84%
Wireless Telecom-2.09%
Media-3.08%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 7.5x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 11.6% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 17% 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 32% 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
MAXIS Maxis BerhadRM 3.860.8%
+RM 235.1m		12.5%PE19.4x
TM Telekom Malaysia BerhadRM 7.980.3%
+RM 76.8m		17.2%PE13.8x
TIMECOM TIME dotCom BerhadRM 5.980.2%
+RM 18.5m		23.3%PE25.2x
PUC PUC BerhadRM 0.0233.3%
+RM 15.2m		-50.0%PS2.1x
FOODIE Foodie Media BerhadRM 0.452.3%
+RM 8.9m		n/aPE42.3x

Latest News

MAXIS
RM 3.86
Maxis Berhad
7D
0.8%
1Y
12.5%

Earnings Update: Maxis Berhad (KLSE:MAXIS) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Feb 15
Earnings Update: Maxis Berhad (KLSE:MAXIS) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
REDTONE
RM 0.35
REDtone Digital Berhad
7D
-2.8%
1Y
-41.7%
CDB
RM 3.18
Celcomdigi Berhad
7D
-0.9%
1Y
-5.4%

Celcomdigi Berhad Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 13
Celcomdigi Berhad Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
TM
RM 7.98
Telekom Malaysia Berhad
7D
0.3%
1Y
17.2%
AXIATA
RM 2.30
Axiata Group Berhad
7D
-0.4%
1Y
11.1%
TIMECOM
RM 5.98
TIME dotCom Berhad
7D
0.2%
1Y
23.3%

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

Feb 11
Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)
BINACOM
RM 0.08
Binasat Communications Berhad
7D
-5.9%
1Y
-55.6%

Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 08
Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
XOX
RM 0.20
XOX Berhad
7D
-2.4%
1Y
-57.7%
SBS
RM 0.16
SBS Nexus Berhad
7D
3.2%
1Y
n/a
SASBADI
RM 0.15
Sasbadi Holdings Berhad
7D
-3.1%
1Y
-11.4%
MEDIA
RM 0.29
Media Prima Berhad
7D
-7.9%
1Y
-38.3%

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 0.45
Foodie Media Berhad
7D
2.3%
1Y
n/a
REACHTEN
RM 0.49
Reach Ten Holdings Berhad
7D
-2.0%
1Y
n/a

Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)

Jan 30
Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)
SJC
RM 0.51
Seni Jaya Corporation Berhad
7D
3.0%
1Y
54.5%
PUC
RM 0.02
PUC Berhad
7D
33.3%
1Y
-50.0%
OCK
RM 0.38
OCK Group Berhad
7D
1.3%
1Y
-7.3%