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Malaysian (KLSE) Telecom Sector Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies25
  • 7D1.2%
  • 3M4.5%
  • 1Y-1.5%
  • YTD3.0%

The Telecom industry is up 1.3% in the last week, with Celcomdigi Berhad up 1.6%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 7.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025RM 137.0bRM 64.7bRM 6.6b14.4x20.8x2.1x
Sun, 17 Aug 2025RM 136.5bRM 64.8bRM 6.6b10x20.6x2.1x
Tue, 15 Jul 2025RM 136.2bRM 64.7bRM 6.6b10.4x20.6x2.1x
Thu, 12 Jun 2025RM 130.9bRM 64.8bRM 6.6b10.3x19.8x2x
Sat, 10 May 2025RM 135.6bRM 65.4bRM 6.5b11.4x20.9x2.1x
Mon, 07 Apr 2025RM 123.7bRM 65.2bRM 6.4b12.6x19.2x1.9x
Wed, 05 Mar 2025RM 127.4bRM 65.3bRM 6.5b12.7x19.7x2x
Fri, 31 Jan 2025RM 129.3bRM 66.0bRM 6.3b14.3x20.6x2x
Sun, 29 Dec 2024RM 131.7bRM 66.0bRM 6.3b16.8x21x2x
Tue, 26 Nov 2024RM 128.5bRM 66.4bRM 5.3b16.3x24.2x1.9x
Thu, 24 Oct 2024RM 132.3bRM 66.2bRM 5.3b15.9x25.1x2x
Sat, 21 Sep 2024RM 135.9bRM 66.3bRM 5.2b16.2x26x2.1x
Mon, 19 Aug 2024RM 133.8bRM 66.0bRM 4.9b22x27.4x2x
Wed, 17 Jul 2024RM 134.4bRM 66.0bRM 4.8b21x27.9x2x
Fri, 14 Jun 2024RM 137.1bRM 66.1bRM 4.8b20.5x28.5x2.1x
Sun, 12 May 2024RM 140.5bRM 65.2bRM 4.6b22.8x30.3x2.2x
Tue, 09 Apr 2024RM 139.7bRM 65.2bRM 4.6b21.7x30.1x2.1x
Thu, 07 Mar 2024RM 139.4bRM 65.5bRM 4.7b20.5x29.9x2.1x
Sat, 03 Feb 2024RM 141.9bRM 65.3bRM 214.2m20.9x662.6x2.2x
Mon, 01 Jan 2024RM 136.2bRM 65.3bRM 215.4m23.2x632.1x2.1x
Wed, 29 Nov 2023RM 135.8bRM 64.8b-RM 982,852,318.0024.1x-138.2x2.1x
Fri, 27 Oct 2023RM 136.4bRM 63.2b-RM 1,417,561,318.0020.9x-96.2x2.2x
Sun, 24 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0020.9x-105.9x2.2x
Tue, 22 Aug 2023RM 140.9bRM 62.4b-RM 855,361,364.0016x-164.8x2.3x
Thu, 20 Jul 2023RM 138.6bRM 60.7b-RM 894,575,201.0015.8x-155x2.3x
Sat, 17 Jun 2023RM 145.1bRM 60.8b-RM 810,475,201.0013.4x-179x2.4x
Mon, 15 May 2023RM 150.5bRM 58.5b-RM 1,296,713,057.0014x-116.1x2.6x
Wed, 12 Apr 2023RM 146.9bRM 58.5b-RM 1,283,873,420.0015.9x-114.5x2.5x
Fri, 10 Mar 2023RM 145.4bRM 58.5b-RM 1,211,995,420.0015.2x-120x2.5x
Sun, 05 Feb 2023RM 143.3bRM 63.7bRM 4.0b15.5x35.8x2.3x
Tue, 03 Jan 2023RM 140.8bRM 63.7bRM 4.0b19.4x35.2x2.2x
Thu, 01 Dec 2022RM 127.6bRM 63.7bRM 4.1b20.1x31.4x2x
Sat, 29 Oct 2022RM 119.6bRM 62.5bRM 4.4b17.8x27.1x1.9x
Mon, 26 Sep 2022RM 116.1bRM 62.7bRM 4.4b17.8x26.2x1.9x
Price to Earnings Ratio

26.2x


Total Market Cap: RM 116.1bTotal Earnings: RM 4.4bTotal Revenue: RM 62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 32.2x202320242025
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 20.9x which is lower than its 3-year average PE of 32.2x.
  • 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 14% 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 Market1.20%
Telecom1.25%
Media1.62%
Wireless Telecom1.42%
Telecom Services and Carriers0.82%
Entertainment0%0
Interactive Media and Services-0.54%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.5x.
    • Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings decline of 11.9% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.8x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 9.0% 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 31% 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 3.721.6%
+RM 703.9m		-2.1%PE30.8x
MAXIS Maxis BerhadRM 3.661.7%
+RM 470.1m		-8.5%PE19.7x
AXIATA Axiata Group BerhadRM 2.650.8%
+RM 183.7m		4.7%PE24.3x
TIMECOM TIME dotCom BerhadRM 5.191.8%
+RM 166.4m		8.1%PE24.6x
TM Telekom Malaysia BerhadRM 7.050.4%
+RM 115.1m		5.2%PE13.5x

Latest News

REDTONE
RM 0.52
REDtone Digital Berhad
7D
6.1%
1Y
-46.4%
OCK
RM 0.41
OCK Group Berhad
7D
-4.7%
1Y
-10.9%
MAXIS
RM 3.66
Maxis Berhad
7D
1.7%
1Y
-8.5%

Unpleasant Surprises Could Be In Store For Maxis Berhad's (KLSE:MAXIS) Shares

Sep 11
Unpleasant Surprises Could Be In Store For Maxis Berhad's (KLSE:MAXIS) Shares
CDB
RM 3.72
Celcomdigi Berhad
7D
1.6%
1Y
-2.1%
TM
RM 7.05
Telekom Malaysia Berhad
7D
0.4%
1Y
5.2%
TIMECOM
RM 5.19
TIME dotCom Berhad
7D
1.8%
1Y
8.1%
AXIATA
RM 2.65
Axiata Group Berhad
7D
0.8%
1Y
4.7%
MTOUCHE
RM 0.025
mTouche Technology Berhad
7D
-28.6%
1Y
-37.5%
REACHTEN
RM 0.51
Reach Ten Holdings Berhad
7D
5.2%
1Y
n/a
CATCHA
RM 0.28
Catcha Digital Berhad
7D
-1.8%
1Y
-28.2%
PUC
RM 0.025
PUC Berhad
7D
25.0%
1Y
-44.4%