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Malaysian (KLSE) Telecom Sector Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies26
  • 7D0.09%
  • 3M-7.2%
  • 1Y1.4%
  • YTD-7.1%

Over the last 7 days, the Telecom industry has remained flat. In line with that, the industry has also been flat over the past 12 months. 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
Mon, 06 Apr 2026RM 126.2bRM 55.1bRM 5.4b14.4x23.3x2.3x
Wed, 04 Mar 2026RM 132.6bRM 55.1bRM 5.4b14.5x24.5x2.4x
Fri, 30 Jan 2026RM 133.2bRM 64.5bRM 5.8b13.8x22.9x2.1x
Sun, 28 Dec 2025RM 136.4bRM 64.4bRM 5.8b14.3x23.5x2.1x
Tue, 25 Nov 2025RM 138.5bRM 64.5bRM 6.5b15.4x21.4x2.1x
Thu, 23 Oct 2025RM 137.2bRM 64.6bRM 6.5b14.6x21x2.1x
Sat, 20 Sep 2025RM 138.5bRM 64.7bRM 6.6b14.5x21.1x2.1x
Mon, 18 Aug 2025RM 136.5bRM 64.8bRM 6.6b10x20.6x2.1x
Wed, 16 Jul 2025RM 135.4bRM 64.7bRM 6.6b10.4x20.5x2.1x
Fri, 13 Jun 2025RM 131.1bRM 64.8bRM 6.6b10.3x19.8x2x
Sun, 11 May 2025RM 135.6bRM 65.4bRM 6.5b11.4x20.9x2.1x
Tue, 08 Apr 2025RM 120.2bRM 65.2bRM 6.4b12x18.7x1.8x
Thu, 06 Mar 2025RM 125.8bRM 65.3bRM 6.5b12.9x19.5x1.9x
Sat, 01 Feb 2025RM 129.7bRM 66.0bRM 6.3b14.4x20.7x2x
Mon, 30 Dec 2024RM 131.7bRM 66.0bRM 6.3b16.8x21x2x
Wed, 27 Nov 2024RM 128.8bRM 66.4bRM 5.3b17.5x24.2x1.9x
Fri, 25 Oct 2024RM 132.3bRM 66.2bRM 5.3b16.1x25.1x2x
Sun, 22 Sep 2024RM 135.9bRM 66.3bRM 5.2b16.2x26x2.1x
Tue, 20 Aug 2024RM 132.7bRM 66.0bRM 4.9b21.8x27.2x2x
Thu, 18 Jul 2024RM 136.3bRM 66.0bRM 4.8b21.2x28.3x2.1x
Sat, 15 Jun 2024RM 137.4bRM 66.1bRM 4.8b20.3x28.5x2.1x
Mon, 13 May 2024RM 140.5bRM 65.2bRM 4.6b22.8x30.3x2.2x
Wed, 10 Apr 2024RM 139.0bRM 65.2bRM 4.6b21.1x30x2.1x
Fri, 08 Mar 2024RM 139.4bRM 65.5bRM 4.7b20.7x29.9x2.1x
Sun, 04 Feb 2024RM 141.9bRM 65.3bRM 214.2m20.9x662.6x2.2x
Tue, 02 Jan 2024RM 136.2bRM 65.3bRM 215.4m23.2x632.1x2.1x
Thu, 30 Nov 2023RM 134.6bRM 64.8b-RM 982,852,318.0023.1x-136.9x2.1x
Sat, 28 Oct 2023RM 135.4bRM 63.2b-RM 1,417,561,318.0020.9x-95.5x2.1x
Mon, 25 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0020.9x-105.9x2.2x
Wed, 23 Aug 2023RM 142.1bRM 62.4b-RM 855,361,364.0015.8x-166.2x2.3x
Fri, 21 Jul 2023RM 139.5bRM 60.7b-RM 894,575,201.0015.8x-155.9x2.3x
Sun, 18 Jun 2023RM 145.1bRM 60.8b-RM 810,475,201.0013.4x-179x2.4x
Tue, 16 May 2023RM 149.5bRM 58.5b-RM 1,296,713,057.0013.9x-115.3x2.6x
Thu, 13 Apr 2023RM 147.2bRM 58.5b-RM 1,283,873,420.0015.2x-114.6x2.5x
Price to Earnings Ratio

-114.6x


Total Market Cap: RM 147.2bTotal 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 36.2x202420252026
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 23.3x which is lower than its 3-year average PE of 36.2x.
  • 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 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-0.37%
Telecom0.087%
Wireless Telecom0.36%
Entertainment0%0
Telecom Services and Carriers-0.43%
Media-0.90%
Interactive Media and Services-2.04%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.7x.
    • 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 29% 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
MAXIS Maxis BerhadRM 3.523.5%
+RM 940.2m		7.3%PE17.7x
CDB Celcomdigi BerhadRM 3.012.7%
+RM 938.5m		-15.9%PE23.3x
AXIATA Axiata Group BerhadRM 2.264.1%
+RM 826.9m		31.4%PE406.6x
TM Telekom Malaysia BerhadRM 7.202.1%
+RM 575.7m		13.2%PE16.1x
ASTRO Astro Malaysia Holdings BerhadRM 0.0757.1%
+RM 26.1m		-53.1%PE6.2x

Latest News

AXIATA
RM 2.26
Axiata Group Berhad
7D
4.1%
1Y
31.4%

AXIATA: New Leadership And Higher Future P/E Will Support Re Rating

Axiata Group Berhad’s analyst price target has been adjusted from MYR3.89 to MYR3.94, with analysts pointing to updated assumptions around revenue growth, profit margins and future P/E expectations as key drivers of this revision. What's in the News Axiata Group Berhad appointed Nik Rizal Kamil Nik Ibrahim Kamil as group CEO effective June 1, replacing Vivek Sood, who has been with the group for nine years in various leadership roles including group CEO and group CFO (Key Developments).
XOX
RM 0.17
XOX Berhad
7D
21.4%
1Y
-61.8%
FOODIE
RM 0.33
Foodie Media Berhad
7D
8.3%
1Y
n/a
ASTRO
RM 0.075
Astro Malaysia Holdings Berhad
7D
7.1%
1Y
-53.1%
TM
RM 7.20
Telekom Malaysia Berhad
7D
2.1%
1Y
13.2%

TM: 5G Network Shift And Dividends Will Support Steady Long Term Outlook

Analysts have made a small upward adjustment to Telekom Malaysia Berhad's fair value estimate, moving it from MYR7.96 to MYR7.97, reflecting slightly updated assumptions around long term growth, margins and future P/E levels. What's in the News TM plans to enter a new 5G Multi-Operator Core Network arrangement with U Mobile, aligning its mobile services with its broader convergence ambitions across consumer, SME and enterprise segments (Key Developments).
CDB
RM 3.01
Celcomdigi Berhad
7D
2.7%
1Y
-15.9%

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.
MEDIA
RM 0.35
Media Prima Berhad
7D
-2.8%
1Y
-4.1%
SBS
RM 0.12
SBS Nexus Berhad
7D
-4.0%
1Y
n/a
SEDANIA
RM 0.065
Sedania Innovator Berhad
7D
-7.1%
1Y
-31.6%
CATCHA
RM 0.23
Catcha Digital Berhad
7D
-2.1%
1Y
-20.7%
MAXIS
RM 3.52
Maxis Berhad
7D
3.5%
1Y
7.3%
TIMECOM
RM 5.92
TIME dotCom Berhad
7D
-0.3%
1Y
20.8%
SASBADI
RM 0.16
Sasbadi Holdings Berhad
7D
-3.0%
1Y
14.3%
REDTONE
RM 0.31
REDtone Digital Berhad
7D
6.9%
1Y
-39.2%
BINACOM
RM 0.065
Binasat Communications Berhad
7D
-7.1%
1Y
-56.7%

Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 08
Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny