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Malaysian (KLSE) Telecom Sector Analysis
UpdatedApr 22, 2026
DataAggregated Company Financials
Companies26
- 7D1.7%
- 3M-8.8%
- 1Y-2.5%
- YTD-8.0%
Over the last 7 days, the Telecom industry has risen 1.1%, and Telekom Malaysia Berhad contributed the most with a gain of 2.0%. During this same period, the Kucingko Berhad underperformed, falling 13%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Malaysian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Apr 2026 | RM 125.1b | RM 55.1b | RM 5.4b | 14.9x | 23.1x | 2.3x |
| Fri, 20 Mar 2026 | RM 128.9b | RM 55.1b | RM 5.4b | 14.9x | 23.8x | 2.3x |
| Sun, 15 Feb 2026 | RM 133.8b | RM 64.7b | RM 6.1b | 14.2x | 22.1x | 2.1x |
| Tue, 13 Jan 2026 | RM 138.8b | RM 64.4b | RM 5.8b | 14.6x | 23.9x | 2.2x |
| Thu, 11 Dec 2025 | RM 134.4b | RM 64.5b | RM 5.8b | 15.7x | 23x | 2.1x |
| Sat, 08 Nov 2025 | RM 138.6b | RM 64.5b | RM 6.5b | 14.3x | 21.2x | 2.1x |
| Mon, 06 Oct 2025 | RM 136.9b | RM 64.6b | RM 6.5b | 14.4x | 21x | 2.1x |
| Wed, 03 Sep 2025 | RM 133.4b | RM 64.7b | RM 6.6b | 14.4x | 20.3x | 2.1x |
| Fri, 01 Aug 2025 | RM 135.9b | RM 64.8b | RM 6.6b | 10x | 20.5x | 2.1x |
| Sun, 29 Jun 2025 | RM 132.9b | RM 64.7b | RM 6.6b | 10x | 20.1x | 2.1x |
| Tue, 27 May 2025 | RM 133.2b | RM 65.4b | RM 6.5b | 11.4x | 20.4x | 2x |
| Thu, 24 Apr 2025 | RM 129.6b | RM 65.2b | RM 6.4b | 12.8x | 20.2x | 2x |
| Sat, 22 Mar 2025 | RM 116.4b | RM 65.3b | RM 6.5b | 12.2x | 18x | 1.8x |
| Mon, 17 Feb 2025 | RM 127.5b | RM 65.9b | RM 6.0b | 13.9x | 21.3x | 1.9x |
| Wed, 15 Jan 2025 | RM 130.8b | RM 65.9b | RM 6.3b | 16x | 20.9x | 2x |
| Fri, 13 Dec 2024 | RM 129.8b | RM 66.0b | RM 6.2b | 16.5x | 21x | 2x |
| Sun, 10 Nov 2024 | RM 126.4b | RM 66.3b | RM 5.3b | 16.8x | 23.7x | 1.9x |
| Tue, 08 Oct 2024 | RM 132.7b | RM 66.2b | RM 5.3b | 15.8x | 25.2x | 2x |
| Thu, 05 Sep 2024 | RM 136.2b | RM 66.2b | RM 5.3b | 17.4x | 25.9x | 2.1x |
| Sat, 03 Aug 2024 | RM 133.4b | RM 66.0b | RM 4.8b | 22.5x | 27.7x | 2x |
| Mon, 01 Jul 2024 | RM 135.1b | RM 66.0b | RM 4.8b | 18.8x | 28x | 2x |
| Wed, 29 May 2024 | RM 141.0b | RM 65.4b | RM 4.7b | 23x | 30.2x | 2.2x |
| Fri, 26 Apr 2024 | RM 139.0b | RM 65.2b | RM 4.6b | 21.1x | 30x | 2.1x |
| Sun, 24 Mar 2024 | RM 142.5b | RM 65.2b | RM 4.7b | 21.4x | 30.6x | 2.2x |
| Tue, 20 Feb 2024 | RM 144.0b | RM 65.3b | RM 214.2m | 20.6x | 672.3x | 2.2x |
| Thu, 18 Jan 2024 | RM 140.0b | RM 65.3b | RM 215.4m | 20.6x | 649.8x | 2.1x |
| Sat, 16 Dec 2023 | RM 135.8b | RM 65.3b | RM 215.4m | 22.8x | 630.3x | 2.1x |
| Mon, 13 Nov 2023 | RM 138.2b | RM 63.3b | -RM 1,437,786,318.00 | 21.7x | -96.1x | 2.2x |
| Wed, 11 Oct 2023 | RM 138.8b | RM 63.2b | -RM 1,414,189,318.00 | 22.6x | -98.1x | 2.2x |
| Fri, 08 Sep 2023 | RM 141.6b | RM 63.3b | -RM 1,339,289,318.00 | 21.7x | -105.7x | 2.2x |
| Sun, 06 Aug 2023 | RM 142.0b | RM 60.7b | -RM 892,353,640.00 | 15.2x | -159.1x | 2.3x |
| Tue, 04 Jul 2023 | RM 139.6b | RM 60.7b | -RM 894,575,201.00 | 16.6x | -156x | 2.3x |
| Thu, 01 Jun 2023 | RM 145.6b | RM 60.8b | -RM 810,038,388.00 | 14x | -179.8x | 2.4x |
| Sat, 29 Apr 2023 | RM 148.9b | RM 58.5b | -RM 1,281,469,420.00 | 14.7x | -116.2x | 2.5x |
Price to Earnings Ratio
-116.2x
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 23.1x which is lower than its 3-year average PE of 38.0x.
- 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 declined 2.0% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Malaysian Telecom sector?
| MY Market | 1.59% | |
| Telecom | 1.73% | |
| Media | 5.60% | |
| Interactive Media and Services | 4.71% | |
| Telecom Services and Carriers | 2.42% | |
| Wireless Telecom | 1.32% | |
| Entertainment | 0% | 0 |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 10.6x.
- Analysts are expecting annual earnings growth of 18.2%, 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 18% 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 27% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TM Telekom Malaysia Berhad | RM 7.09 | 2.0% +RM 537.3m | 6.0% | PE15.9x | |
| AXIATA Axiata Group Berhad | RM 2.20 | 2.3% +RM 459.4m | 12.2% | PE395.8x | |
| MAXIS Maxis Berhad | RM 3.59 | 1.4% +RM 391.8m | 1.4% | PE18x | |
| TIMECOM TIME dotCom Berhad | RM 6.09 | 3.4% +RM 369.8m | 17.8% | PE26.3x | |
| CDB Celcomdigi Berhad | RM 2.98 | 0.7% +RM 234.6m | -18.8% | PE23.1x |