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Malaysian (KLSE) Telecom Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.4%
  • 3M-5.3%
  • 1Y7.4%
  • YTD-4.7%

Over the last 7 days, the Telecom industry has remained flat, although notably Astro Malaysia Holdings Berhad gained 6.7%. The past year has been better, since the industry has gained 7.4% in that time. 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, 25 Mar 2026RM 129.4bRM 55.1bRM 5.4b14.6x23.9x2.3x
Fri, 20 Feb 2026RM 133.8bRM 64.7bRM 6.1b14.4x22.1x2.1x
Sun, 18 Jan 2026RM 137.7bRM 64.4bRM 5.8b14.8x23.8x2.1x
Tue, 16 Dec 2025RM 137.9bRM 64.4bRM 5.8b15.4x23.8x2.1x
Thu, 13 Nov 2025RM 141.4bRM 64.6bRM 6.6b14.3x21.5x2.2x
Sat, 11 Oct 2025RM 135.3bRM 64.6bRM 6.5b14.4x20.7x2.1x
Mon, 08 Sep 2025RM 133.8bRM 64.7bRM 6.6b13.9x20.4x2.1x
Wed, 06 Aug 2025RM 135.7bRM 64.8bRM 6.6b10x20.5x2.1x
Fri, 04 Jul 2025RM 135.5bRM 64.7bRM 6.6b10.3x20.5x2.1x
Sun, 01 Jun 2025RM 128.9bRM 64.8bRM 6.6b10.3x19.5x2x
Tue, 29 Apr 2025RM 131.1bRM 65.2bRM 6.4b13x20.4x2x
Thu, 27 Mar 2025RM 119.8bRM 65.2bRM 6.4b12.1x18.6x1.8x
Sat, 22 Feb 2025RM 125.4bRM 65.9bRM 6.3b13.1x20x1.9x
Mon, 20 Jan 2025RM 129.9bRM 66.0bRM 6.3b15x20.7x2x
Wed, 18 Dec 2024RM 130.8bRM 66.0bRM 6.3b16.5x20.9x2x
Fri, 15 Nov 2024RM 124.8bRM 66.3bRM 5.3b16x23.4x1.9x
Sun, 13 Oct 2024RM 130.9bRM 66.2bRM 5.3b15.3x24.8x2x
Tue, 10 Sep 2024RM 134.4bRM 66.3bRM 5.2b18.8x25.7x2x
Thu, 08 Aug 2024RM 131.3bRM 66.0bRM 4.8b21.2x27.2x2x
Sat, 06 Jul 2024RM 132.5bRM 66.0bRM 4.8b20.3x27.5x2x
Mon, 03 Jun 2024RM 137.4bRM 66.0bRM 4.7b22.8x29.1x2.1x
Wed, 01 May 2024RM 141.6bRM 65.2bRM 4.6b19.9x30.5x2.2x
Fri, 29 Mar 2024RM 138.0bRM 65.2bRM 4.6b20.7x29.7x2.1x
Sun, 25 Feb 2024RM 143.4bRM 65.5bRM 4.7b21.4x30.7x2.2x
Tue, 23 Jan 2024RM 141.9bRM 65.3bRM 215.4m20.9x658.6x2.2x
Thu, 21 Dec 2023RM 137.2bRM 65.3bRM 215.4m21.9x637x2.1x
Sat, 18 Nov 2023RM 138.9bRM 63.3b-RM 1,449,021,318.0021.9x-95.8x2.2x
Mon, 16 Oct 2023RM 139.3bRM 63.2b-RM 1,414,189,318.0022x-98.5x2.2x
Wed, 13 Sep 2023RM 141.6bRM 63.3b-RM 1,339,289,318.0021.7x-105.7x2.2x
Fri, 11 Aug 2023RM 142.1bRM 60.8b-RM 875,361,364.0015.5x-162.3x2.3x
Sun, 09 Jul 2023RM 135.5bRM 60.7b-RM 894,575,201.0015.1x-151.4x2.2x
Tue, 06 Jun 2023RM 145.8bRM 60.8b-RM 810,513,201.0013.8x-179.9x2.4x
Thu, 04 May 2023RM 151.0bRM 58.5b-RM 1,296,027,420.0014.7x-116.5x2.6x
Sat, 01 Apr 2023RM 145.9bRM 58.5b-RM 1,283,873,420.0014.7x-113.6x2.5x
Price to Earnings Ratio

-113.6x


Total Market Cap: RM 145.9bTotal Earnings: -RM 1,283,873,420.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 34.7x202420252026
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 23.9x which is lower than its 3-year average PE of 34.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.3x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

MY Market-0.66%
Telecom-0.35%
Wireless Telecom0.41%
Entertainment0%0
Interactive Media and Services-0.10%
Media-1.45%
Telecom Services and Carriers-1.93%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings decline of 18.5% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 18% 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
ASTRO Astro Malaysia Holdings BerhadRM 0.086.7%
+RM 26.1m		-57.9%PE8.4x
MTOUCHE mTouche Technology BerhadRM 0.0320.0%
+RM 4.6m		-14.3%PS3.6x
STAR Star Media Group BerhadRM 0.321.6%
+RM 3.6m		-25.6%PS1.1x
SBS SBS Nexus BerhadRM 0.143.7%
+RM 2.5m		n/aPE7.2x
CATCHA Catcha Digital BerhadRM 0.262.0%
+RM 2.3m		-16.4%PE21.5x

Latest News

CDB
RM 3.07
Celcomdigi Berhad
7D
-1.6%
1Y
-11.8%

CDB: New CEO Appointment And Digital Platform Integration Will Support Future Upside

Analysts have slightly reduced their fair value estimate for Celcomdigi Berhad to MYR4.92 from MYR4.93, reflecting updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Celcomdigi issued earnings guidance for fiscal 2026, indicating expectations for EBIT to record low single digit growth.
AXIATA
RM 2.28
Axiata Group Berhad
7D
-0.9%
1Y
21.9%

AXIATA: New CEO Transition And Flat Revenue Outlook Will Sustain Overvaluation Risk

Analysts have trimmed their price target for Axiata Group Berhad from MYR1.75 to MYR1.73, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. 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 served the group for nine years in various roles including group CEO and managing director since 2023 (Key Developments).
TM
RM 7.32
Telekom Malaysia Berhad
7D
-2.5%
1Y
10.9%

Rising Capital Intensity And Data Center Risks Will Pressure Long Term Earnings

Catalysts About Telekom Malaysia Berhad Telekom Malaysia Berhad is an integrated telecommunications group that provides fixed broadband, mobile, data, wholesale connectivity and data center services across consumer, business, government and carrier segments. What are the underlying business or industry changes driving this perspective?
SJC
RM 0.52
Seni Jaya Corporation Berhad
7D
2.0%
1Y
63.5%
ASTRO
RM 0.08
Astro Malaysia Holdings Berhad
7D
6.7%
1Y
-57.9%
PUC
RM 0.01
PUC Berhad
7D
-33.3%
1Y
-75.0%
SBS
RM 0.14
SBS Nexus Berhad
7D
3.7%
1Y
n/a
CATCHA
RM 0.26
Catcha Digital Berhad
7D
2.0%
1Y
-16.4%
MAXIS
RM 3.63
Maxis Berhad
7D
-1.9%
1Y
8.0%
TIMECOM
RM 6.03
TIME dotCom Berhad
7D
-1.6%
1Y
21.1%
REACHTEN
RM 0.43
Reach Ten Holdings Berhad
7D
-6.5%
1Y
n/a
STAR
RM 0.32
Star Media Group Berhad
7D
1.6%
1Y
-25.6%
FOODIE
RM 0.33
Foodie Media Berhad
7D
-9.7%
1Y
n/a
MTOUCHE
RM 0.03
mTouche Technology Berhad
7D
20.0%
1Y
-14.3%

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?