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Malaysian (KLSE) Telecom Sector Analysis

UpdatedJul 08, 2025
DataAggregated Company Financials
Companies25
  • 7D0.5%
  • 3M11.7%
  • 1Y1.3%
  • YTD1.3%

Over the last 7 days, the Telecom industry has remained flat, although notably Telekom Malaysia Berhad gained 3.8%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 7.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 08 Jul 2025RM 134.7bRM 64.7bRM 6.6b10x20.4x2.1x
Thu, 05 Jun 2025RM 132.5bRM 64.8bRM 6.6b10.3x20x2x
Sat, 03 May 2025RM 133.9bRM 65.4bRM 6.5b11.8x20.7x2x
Mon, 31 Mar 2025RM 121.7bRM 65.2bRM 6.4b11.8x18.9x1.9x
Wed, 26 Feb 2025RM 124.8bRM 65.9bRM 6.3b12.5x19.9x1.9x
Fri, 24 Jan 2025RM 129.7bRM 66.0bRM 6.3b14.6x20.7x2x
Sun, 22 Dec 2024RM 129.5bRM 66.0bRM 6.3b16.2x20.7x2x
Tue, 19 Nov 2024RM 125.9bRM 66.3bRM 5.3b15.5x23.6x1.9x
Thu, 17 Oct 2024RM 132.1bRM 66.2bRM 5.3b15.2x25.1x2x
Sat, 14 Sep 2024RM 135.4bRM 66.3bRM 5.2b16.8x25.9x2x
Mon, 12 Aug 2024RM 131.6bRM 66.0bRM 4.8b22.2x27.3x2x
Wed, 10 Jul 2024RM 132.8bRM 66.0bRM 4.8b20.7x27.6x2x
Fri, 07 Jun 2024RM 138.2bRM 66.1bRM 4.8b19.8x28.7x2.1x
Sun, 05 May 2024RM 141.0bRM 65.2bRM 4.6b23.8x30.4x2.2x
Tue, 02 Apr 2024RM 138.4bRM 65.2bRM 4.6b22.3x29.8x2.1x
Thu, 29 Feb 2024RM 144.6bRM 65.5bRM 4.7b20.8x30.9x2.2x
Sat, 27 Jan 2024RM 141.6bRM 65.3bRM 215.4m20.9x657.2x2.2x
Mon, 25 Dec 2023RM 136.8bRM 65.3bRM 215.4m21.9x634.8x2.1x
Wed, 22 Nov 2023RM 139.0bRM 64.9b-RM 1,257,781,318.0021.7x-110.5x2.1x
Fri, 20 Oct 2023RM 137.9bRM 63.2b-RM 1,414,189,318.0020.9x-97.5x2.2x
Sun, 17 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0020.9x-105.9x2.2x
Tue, 15 Aug 2023RM 141.6bRM 60.8b-RM 875,361,364.0015.7x-161.7x2.3x
Thu, 13 Jul 2023RM 138.7bRM 60.7b-RM 894,575,201.0015.6x-155.1x2.3x
Sat, 10 Jun 2023RM 142.5bRM 60.8b-RM 810,513,201.0013.5x-175.8x2.3x
Mon, 08 May 2023RM 151.1bRM 58.5b-RM 1,296,930,420.0014.5x-116.5x2.6x
Wed, 05 Apr 2023RM 145.7bRM 58.5b-RM 1,283,873,420.0014.9x-113.5x2.5x
Fri, 03 Mar 2023RM 146.2bRM 58.5b-RM 1,228,365,463.0014x-119x2.5x
Sun, 29 Jan 2023RM 144.6bRM 63.7bRM 4.0b14.3x36.2x2.3x
Tue, 27 Dec 2022RM 136.8bRM 63.7bRM 4.0b18.4x34.2x2.1x
Thu, 24 Nov 2022RM 119.6bRM 63.0bRM 4.5b18.1x26.8x1.9x
Sat, 22 Oct 2022RM 114.2bRM 62.5bRM 4.4b16.9x25.9x1.8x
Mon, 19 Sep 2022RM 119.6bRM 62.7bRM 4.4b18.6x27x1.9x
Wed, 17 Aug 2022RM 127.0bRM 62.0bRM 4.5b19.6x27.9x2x
Fri, 15 Jul 2022RM 112.0bRM 61.9bRM 4.6b20.1x24.2x1.8x
Price to Earnings Ratio

24.2x


Total Market Cap: RM 112.0bTotal Earnings: RM 4.6bTotal Revenue: RM 61.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 32.6x202320242025
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 20.4x which is lower than its 3-year average PE of 32.6x.
  • 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 Market0.69%
Telecom0.48%
Telecom Services and Carriers2.45%
Entertainment0%0
Media-0.058%
Wireless Telecom-0.25%
Interactive Media and Services-0.97%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.8x.
    • Analysts are expecting annual earnings growth of 10.0%, which is lower than the prior year's growth of 37.8% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 10.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 36% 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 3.870.5%
+RM 234.6m
8.4%PE32.8x
TM Telekom Malaysia BerhadRM 6.650.6%
+RM 153.5m
-2.5%PE12.8x
MAXIS Maxis BerhadRM 3.550.3%
+RM 78.3m
3.5%PE19.7x
REACHTEN Reach Ten Holdings BerhadRM 0.5211.8%
+RM 55.0m
n/aPE7.4x
MMM MMM Group BerhadRM 0.08530.8%
+RM 6.2m
-22.7%PS3.3x

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