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Malaysian (KLSE) Telecom Sector Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.4%
  • 3M-1.6%
  • 1Y4.8%
  • YTD-2.1%

Over the last 7 days, the Telecom industry has dropped 1.9%, driven by a pullback from Celcomdigi Berhad of 1.5%. This takes the industry's 12 month performance to a gain of 4.2%. 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
Fri, 06 Mar 2026RM 133.0bRM 55.1bRM 5.4b14.3x24.6x2.4x
Sun, 01 Feb 2026RM 134.3bRM 64.5bRM 5.8b14x23.1x2.1x
Tue, 30 Dec 2025RM 136.0bRM 64.4bRM 5.8b14.3x23.5x2.1x
Thu, 27 Nov 2025RM 138.2bRM 64.6bRM 6.7b14.6x20.6x2.1x
Sat, 25 Oct 2025RM 136.4bRM 64.6bRM 6.5b14.4x20.9x2.1x
Mon, 22 Sep 2025RM 138.5bRM 64.7bRM 6.6b14.5x21.1x2.1x
Wed, 20 Aug 2025RM 136.1bRM 64.8bRM 6.7b10x20.5x2.1x
Fri, 18 Jul 2025RM 136.1bRM 64.7bRM 6.6b10x20.6x2.1x
Sun, 15 Jun 2025RM 130.6bRM 64.8bRM 6.6b10x19.7x2x
Tue, 13 May 2025RM 135.6bRM 65.4bRM 6.5b11.4x20.9x2.1x
Thu, 10 Apr 2025RM 118.2bRM 65.2bRM 6.4b12x18.4x1.8x
Sat, 08 Mar 2025RM 125.3bRM 65.3bRM 6.5b11.9x19.4x1.9x
Mon, 03 Feb 2025RM 129.7bRM 66.0bRM 6.3b14.4x20.7x2x
Wed, 01 Jan 2025RM 132.4bRM 66.0bRM 6.3b16.8x21.1x2x
Fri, 29 Nov 2024RM 128.7bRM 66.4bRM 5.3b17.2x24.5x1.9x
Sun, 27 Oct 2024RM 129.3bRM 66.2bRM 5.3b15.9x24.5x2x
Tue, 24 Sep 2024RM 135.9bRM 66.3bRM 5.2b16.2x26x2.1x
Thu, 22 Aug 2024RM 131.2bRM 66.1bRM 4.9b20.9x26.8x2x
Sat, 20 Jul 2024RM 137.9bRM 66.0bRM 4.8b21x28.6x2.1x
Mon, 17 Jun 2024RM 137.4bRM 66.1bRM 4.8b20.3x28.5x2.1x
Wed, 15 May 2024RM 140.6bRM 65.2bRM 4.6b22.6x30.3x2.2x
Fri, 12 Apr 2024RM 139.0bRM 65.2bRM 4.6b21.1x30x2.1x
Sun, 10 Mar 2024RM 139.7bRM 65.5bRM 4.7b21.8x29.9x2.1x
Tue, 06 Feb 2024RM 141.8bRM 65.3bRM 214.2m20.6x662x2.2x
Thu, 04 Jan 2024RM 137.0bRM 65.3bRM 215.4m23.5x635.8x2.1x
Sat, 02 Dec 2023RM 136.6bRM 65.3bRM 257.9m20.3x529.8x2.1x
Mon, 30 Oct 2023RM 135.4bRM 63.2b-RM 1,417,561,318.0020.9x-95.5x2.1x
Wed, 27 Sep 2023RM 140.8bRM 63.2b-RM 1,414,189,318.0023.8x-99.6x2.2x
Fri, 25 Aug 2023RM 142.8bRM 62.4b-RM 850,597,364.0016.3x-167.8x2.3x
Sun, 23 Jul 2023RM 140.6bRM 60.7b-RM 894,575,201.0015.4x-157.2x2.3x
Tue, 20 Jun 2023RM 141.4bRM 60.8b-RM 810,475,201.0013.3x-174.5x2.3x
Thu, 18 May 2023RM 148.4bRM 58.5b-RM 1,296,713,057.0013.8x-114.4x2.5x
Sat, 15 Apr 2023RM 147.6bRM 58.5b-RM 1,283,873,420.0015.6x-115x2.5x
Mon, 13 Mar 2023RM 143.5bRM 58.5b-RM 1,211,995,420.0015.8x-118.4x2.5x
Price to Earnings Ratio

-118.4x


Total Market Cap: RM 143.5bTotal Earnings: -RM 1,211,995,420.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 32.2x202420252026
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 24.4x which is lower than its 3-year average PE of 32.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
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-2.24%
Telecom-0.37%
Telecom Services and Carriers1.30%
Entertainment0%0
Wireless Telecom-0.99%
Interactive Media and Services-3.21%
Media-7.16%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.0x.
    • 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 8.5x.
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 17% 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
TM Telekom Malaysia BerhadRM 7.601.9%
+RM 537.3m		12.1%PE17x
AXIATA Axiata Group BerhadRM 2.320.4%
+RM 91.9m		21.5%PE417.3x
TIMECOM TIME dotCom BerhadRM 6.180.3%
+RM 37.0m		18.8%PE26.7x
MEDIA Media Prima BerhadRM 0.303.4%
+RM 11.1m		-34.1%PE12.7x

Latest News

AXIATA
RM 2.32
Axiata Group Berhad
7D
0.4%
1Y
21.5%
CDB
RM 3.21
Celcomdigi Berhad
7D
-1.5%
1Y
-9.6%
MEDIA
RM 0.30
Media Prima Berhad
7D
3.4%
1Y
-34.1%
ASTRO
RM 0.07
Astro Malaysia Holdings Berhad
7D
-17.6%
1Y
-64.1%
CATCHA
RM 0.26
Catcha Digital Berhad
7D
-8.9%
1Y
-21.5%
MAXIS
RM 3.85
Maxis Berhad
7D
-1.3%
1Y
10.0%
TIMECOM
RM 6.18
TIME dotCom Berhad
7D
0.3%
1Y
18.8%
TM
RM 7.60
Telekom Malaysia Berhad
7D
1.9%
1Y
12.1%
REACHTEN
RM 0.48
Reach Ten Holdings Berhad
7D
-2.0%
1Y
n/a
STAR
RM 0.32
Star Media Group Berhad
7D
-4.5%
1Y
-20.3%
REDTONE
RM 0.32
REDtone Digital Berhad
7D
-7.2%
1Y
-42.3%
FOODIE
RM 0.38
Foodie Media Berhad
7D
-8.5%
1Y
n/a