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Malaysian (KLSE) Telecom Sector Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies26
  • 7D-1.0%
  • 3M-0.5%
  • 1Y3.5%
  • YTD0.9%

Over the last 7 days, the Telecom industry has dropped 1.8%, driven by pullbacks in Telekom Malaysia Berhad and Axiata Group Berhad of 2.2% and 2.4%, respectively. In the past year, the industry has gained 3.5%. 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, 21 Jan 2026RM 137.1bRM 64.5bRM 5.8b13.7x23.6x2.1x
Fri, 19 Dec 2025RM 136.9bRM 64.4bRM 5.8b14.4x23.6x2.1x
Sun, 16 Nov 2025RM 139.6bRM 64.6bRM 6.6b14.1x21.2x2.2x
Tue, 14 Oct 2025RM 134.8bRM 64.6bRM 6.5b14.3x20.6x2.1x
Thu, 11 Sep 2025RM 135.4bRM 64.7bRM 6.6b13.9x20.6x2.1x
Sat, 09 Aug 2025RM 136.7bRM 64.8bRM 6.6b10x20.6x2.1x
Mon, 07 Jul 2025RM 135.0bRM 64.7bRM 6.6b10x20.4x2.1x
Wed, 04 Jun 2025RM 129.8bRM 64.8bRM 6.6b10.3x19.6x2x
Fri, 02 May 2025RM 132.8bRM 65.4bRM 6.5b11.7x20.5x2x
Sun, 30 Mar 2025RM 121.7bRM 65.2bRM 6.4b12x18.9x1.9x
Tue, 25 Feb 2025RM 126.7bRM 65.9bRM 6.3b12.7x20.3x1.9x
Thu, 23 Jan 2025RM 131.3bRM 66.0bRM 6.3b14.7x20.9x2x
Sat, 21 Dec 2024RM 129.5bRM 66.0bRM 6.3b16.2x20.7x2x
Mon, 18 Nov 2024RM 124.0bRM 66.3bRM 5.3b16.2x23.2x1.9x
Wed, 16 Oct 2024RM 132.8bRM 66.2bRM 5.3b15.3x25.2x2x
Fri, 13 Sep 2024RM 135.3bRM 66.3bRM 5.2b16.9x25.8x2x
Sun, 11 Aug 2024RM 131.6bRM 66.0bRM 4.8b22.2x27.3x2x
Tue, 09 Jul 2024RM 132.5bRM 66.0bRM 4.8b20.3x27.5x2x
Thu, 06 Jun 2024RM 138.9bRM 66.1bRM 4.8b19.3x28.9x2.1x
Sat, 04 May 2024RM 141.0bRM 65.2bRM 4.6b23.8x30.4x2.2x
Mon, 01 Apr 2024RM 137.9bRM 65.2bRM 4.6b21.1x29.7x2.1x
Wed, 28 Feb 2024RM 145.7bRM 65.5bRM 4.7b21.6x31.2x2.2x
Fri, 26 Jan 2024RM 142.0bRM 65.3bRM 215.4m20.9x659x2.2x
Sun, 24 Dec 2023RM 136.8bRM 65.3bRM 215.4m21.9x634.8x2.1x
Tue, 21 Nov 2023RM 139.9bRM 64.9b-RM 1,257,781,318.0021.7x-111.2x2.2x
Thu, 19 Oct 2023RM 138.9bRM 63.2b-RM 1,414,189,318.0020.9x-98.2x2.2x
Sat, 16 Sep 2023RM 143.2bRM 63.3b-RM 1,339,289,318.0020.9x-106.9x2.3x
Mon, 14 Aug 2023RM 141.0bRM 60.8b-RM 875,361,364.0015.7x-161.1x2.3x
Wed, 12 Jul 2023RM 137.4bRM 60.7b-RM 894,575,201.0015.2x-153.6x2.3x
Fri, 09 Jun 2023RM 142.3bRM 60.8b-RM 810,513,201.0013.5x-175.6x2.3x
Sun, 07 May 2023RM 151.1bRM 58.5b-RM 1,296,930,420.0014.5x-116.5x2.6x
Tue, 04 Apr 2023RM 146.7bRM 58.5b-RM 1,283,873,420.0014.9x-114.2x2.5x
Thu, 02 Mar 2023RM 144.2bRM 58.5b-RM 1,301,271,463.0014x-110.8x2.5x
Sat, 28 Jan 2023RM 144.6bRM 63.7bRM 4.0b14.3x36.2x2.3x
Price to Earnings Ratio

36.2x


Total Market Cap: RM 144.6bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.3x202420252026
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 23.5x which is lower than its 3-year average PE of 31.3x.
  • 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-0.44%
Telecom-1.02%
Interactive Media and Services1.81%
Entertainment0%0
Wireless Telecom-0.96%
Telecom Services and Carriers-1.08%
Media-3.32%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.1x.
    • Analysts are expecting annual earnings growth of 22.1%, 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 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
TIMECOM TIME dotCom BerhadRM 5.703.1%
+RM 314.3m		20.0%PE24.1x
PUC PUC BerhadRM 0.0233.3%
+RM 15.2m		-55.6%PS2.1x
CATCHA Catcha Digital BerhadRM 0.324.9%
+RM 6.8m		-14.7%PE18.8x
KUCINGKO Kucingko BerhadRM 0.105.0%
+RM 2.5m		-61.8%PS13x
SASBADI Sasbadi Holdings BerhadRM 0.173.1%
+RM 2.1m		0%PE6.4x

Latest News

TIMECOM
RM 5.70
TIME dotCom Berhad
7D
3.1%
1Y
20.0%

Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today

Jan 20
Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today
TM
RM 7.75
Telekom Malaysia Berhad
7D
-1.0%
1Y
18.0%

Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price

Jan 13
Telekom Malaysia Berhad (KLSE:TM) Is Doing The Right Things To Multiply Its Share Price
AXIATA
RM 2.48
Axiata Group Berhad
7D
-2.0%
1Y
10.2%

AXIATA: Edotco Monetisation Will Support Higher Margins Despite Revenue Headwinds

Analysts have maintained their price target on Axiata Group Berhad at RM3.92, citing updated assumptions that combine a sharper projected revenue decline with a higher expected profit margin and a modestly lower forward P/E multiple. What's in the News Axiata has held an Analyst and Investor Day, giving the market an opportunity to hear updated views from management on the business and capital allocation priorities.
CDB
RM 3.39
Celcomdigi Berhad
7D
-1.7%
1Y
-10.3%

CDB: Long Dated Spectrum Assignments Will Support Stronger Future Upside

Analysts have nudged their fair value estimate for Celcomdigi Berhad higher from RM5.01 to about RM5.12. This reflects updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple in their models.
SASBADI
RM 0.17
Sasbadi Holdings Berhad
7D
3.1%
1Y
0%
PUC
RM 0.02
PUC Berhad
7D
33.3%
1Y
-55.6%
OCK
RM 0.39
OCK Group Berhad
7D
-2.5%
1Y
-13.5%
MAXIS
RM 3.91
Maxis Berhad
7D
-1.0%
1Y
8.9%

Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate

Dec 31
Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate
REACHTEN
RM 0.46
Reach Ten Holdings Berhad
7D
-2.1%
1Y
n/a
ASTRO
RM 0.10
Astro Malaysia Holdings Berhad
7D
-4.8%
1Y
-55.6%
KUCINGKO
RM 0.10
Kucingko Berhad
7D
5.0%
1Y
-61.8%

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 0.32
Catcha Digital Berhad
7D
4.9%
1Y
-14.7%

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
FOODIE
RM 0.46
Foodie Media Berhad
7D
-9.8%
1Y
n/a