Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Telecom Sector Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies26
  • 7D1.6%
  • 3M-1.8%
  • 1Y4.9%
  • YTD-1.0%

The Telecom industry is up 2.8% in the last week, with Celcomdigi Berhad up 3.5%. This means that the industry has gained 8.3% over the past year. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026RM 134.6bRM 64.7bRM 6.0b14.5x22.5x2.1x
Sat, 24 Jan 2026RM 137.8bRM 64.5bRM 5.8b13.8x23.7x2.1x
Mon, 22 Dec 2025RM 137.7bRM 64.4bRM 5.8b14.6x23.8x2.1x
Wed, 19 Nov 2025RM 138.7bRM 64.6bRM 6.5b14.3x21.4x2.1x
Fri, 17 Oct 2025RM 138.5bRM 64.6bRM 6.5b14.2x21.2x2.1x
Sun, 14 Sep 2025RM 138.6bRM 64.7bRM 6.6b14.5x21.1x2.1x
Tue, 12 Aug 2025RM 135.1bRM 64.8bRM 6.6b10x20.4x2.1x
Thu, 10 Jul 2025RM 133.4bRM 64.7bRM 6.6b10x20.2x2.1x
Sat, 07 Jun 2025RM 131.1bRM 64.8bRM 6.6b10x19.8x2x
Mon, 05 May 2025RM 133.9bRM 65.4bRM 6.5b11.8x20.6x2x
Wed, 02 Apr 2025RM 121.7bRM 65.2bRM 6.4b11.8x18.9x1.9x
Fri, 28 Feb 2025RM 127.7bRM 65.3bRM 6.4b12.7x19.8x2x
Sun, 26 Jan 2025RM 130.6bRM 66.0bRM 6.3b14.6x20.8x2x
Tue, 24 Dec 2024RM 130.0bRM 66.0bRM 6.3b16.3x20.7x2x
Thu, 21 Nov 2024RM 128.4bRM 66.4bRM 5.3b15.3x24.1x1.9x
Sat, 19 Oct 2024RM 132.2bRM 66.2bRM 5.3b15.6x25.1x2x
Mon, 16 Sep 2024RM 135.4bRM 66.3bRM 5.2b16.8x25.9x2x
Wed, 14 Aug 2024RM 134.7bRM 66.0bRM 4.8b22x27.9x2x
Fri, 12 Jul 2024RM 134.1bRM 66.0bRM 4.8b21.3x27.8x2x
Sun, 09 Jun 2024RM 138.0bRM 66.1bRM 4.8b19.7x28.7x2.1x
Tue, 07 May 2024RM 141.1bRM 65.2bRM 4.6b24x30.4x2.2x
Thu, 04 Apr 2024RM 138.3bRM 65.2bRM 4.6b20.4x29.8x2.1x
Sat, 02 Mar 2024RM 142.4bRM 65.5bRM 4.7b20.6x30.3x2.2x
Mon, 29 Jan 2024RM 141.6bRM 65.3bRM 215.4m20.9x657.2x2.2x
Wed, 27 Dec 2023RM 137.4bRM 65.3bRM 215.4m21.7x637.6x2.1x
Fri, 24 Nov 2023RM 137.3bRM 64.9b-RM 1,272,382,318.0022.8x-107.9x2.1x
Sun, 22 Oct 2023RM 138.2bRM 63.2b-RM 1,414,189,318.0020.9x-97.7x2.2x
Tue, 19 Sep 2023RM 142.3bRM 63.3b-RM 1,339,289,318.0021.7x-106.3x2.3x
Thu, 17 Aug 2023RM 142.5bRM 60.8b-RM 875,361,364.0015.4x-162.7x2.3x
Sat, 15 Jul 2023RM 139.7bRM 60.7b-RM 894,575,201.0015.8x-156.2x2.3x
Mon, 12 Jun 2023RM 142.5bRM 60.8b-RM 810,513,201.0013.5x-175.8x2.3x
Wed, 10 May 2023RM 150.7bRM 58.5b-RM 1,296,930,420.0014.4x-116.2x2.6x
Fri, 07 Apr 2023RM 144.5bRM 58.5b-RM 1,283,873,420.0015.1x-112.5x2.5x
Sun, 05 Mar 2023RM 146.2bRM 58.5b-RM 1,212,040,420.0014.6x-120.6x2.5x
Price to Earnings Ratio

-120.6x


Total Market Cap: RM 146.2bTotal Earnings: -RM 1,212,040,420.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.2x202420252026
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 22.5x which is lower than its 3-year average PE of 31.2x.
  • 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 3.4% 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 Market0.52%
Telecom1.58%
Wireless Telecom2.55%
Interactive Media and Services0.64%
Entertainment0%0
Telecom Services and Carriers-0.32%
Media-0.79%
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 16.8%, 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
CDB Celcomdigi BerhadRM 3.253.5%
+RM 1.3b		-9.0%PE25.2x
MAXIS Maxis BerhadRM 3.922.6%
+RM 783.5m		13.0%PE19.7x
TIMECOM TIME dotCom BerhadRM 6.081.7%
+RM 184.9m		24.6%PE25.7x
AXIATA Axiata Group BerhadRM 2.320.9%
+RM 183.7m		10.5%PE210.6x
SJC Seni Jaya Corporation BerhadRM 0.5510.0%
+RM 10.7m		77.4%PE11.2x

Latest News

TM
RM 7.75
Telekom Malaysia Berhad
7D
-1.0%
1Y
13.5%
STAR
RM 0.34
Star Media Group Berhad
7D
3.0%
1Y
-12.8%
SJC
RM 0.55
Seni Jaya Corporation Berhad
7D
10.0%
1Y
77.4%
SASBADI
RM 0.17
Sasbadi Holdings Berhad
7D
6.5%
1Y
-5.7%
CDB
RM 3.25
Celcomdigi Berhad
7D
3.5%
1Y
-9.0%

CDB: Long Dated Spectrum And New CEO Will Support Future Upside

Analysts have trimmed their price target for Celcomdigi Berhad to MYR4.93 from MYR5.12 as they factor in updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News Company issues earnings guidance for fiscal 2026, indicating expectations for low single digit EBIT growth for the year (Corporate guidance).
AXIATA
RM 2.32
Axiata Group Berhad
7D
0.9%
1Y
10.5%

AXIATA: Softer Revenue Outlook Will Likely Intensify Overvaluation Risk

Analysts have lifted their price target for Axiata Group Berhad from MYR 1.71 to MYR 1.76, pointing to updated assumptions that include a slightly lower discount rate, softer revenue expectations, a higher profit margin profile, and a reduced future P/E multiple. What's in the News Axiata Group Berhad has appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, succeeding Vivek Sood, who has served the group for nine years in various roles including group CFO and, most recently, group CEO and managing director since 2023 (Key Developments).
OCK
RM 0.37
OCK Group Berhad
7D
-1.3%
1Y
-8.6%
MAXIS
RM 3.92
Maxis Berhad
7D
2.6%
1Y
13.0%

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 0.34
REDtone Digital Berhad
7D
-1.4%
1Y
-40.5%
TIMECOM
RM 6.08
TIME dotCom Berhad
7D
1.7%
1Y
24.6%

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

Feb 11
Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)
FOODIE
RM 0.41
Foodie Media Berhad
7D
-4.6%
1Y
n/a
REACHTEN
RM 0.48
Reach Ten Holdings Berhad
7D
-1.0%
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)
PUC
RM 0.015
PUC Berhad
7D
-25.0%
1Y
-57.1%
NOVATECH
RM 0.035
Nova Technology Services Berhad
7D
-12.5%
1Y
-41.7%

Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%

Dec 23
Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%
MTOUCHE
RM 0.03
mTouche Technology Berhad
7D
-14.3%
1Y
-25.0%

Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?

Dec 17
Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?
CATCHA
RM 0.28
Catcha Digital Berhad
7D
1.8%
1Y
-9.5%

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