Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Telecom Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies26
  • 7D0.8%
  • 3M-2.2%
  • 1Y6.7%
  • YTD-0.8%

Over the last 7 days, the Telecom industry has remained flat. As for the the longer term, the industry is up 6.7% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026RM 134.8bRM 64.7bRM 6.1b14.2x22.3x2.1x
Wed, 21 Jan 2026RM 137.1bRM 64.5bRM 5.8b13.7x23.6x2.1x
Fri, 19 Dec 2025RM 136.9bRM 64.4bRM 5.8b14.4x23.6x2.1x
Sun, 16 Nov 2025RM 139.6bRM 64.6bRM 6.6b14.1x21.2x2.2x
Tue, 14 Oct 2025RM 134.8bRM 64.6bRM 6.5b14.3x20.6x2.1x
Thu, 11 Sep 2025RM 135.4bRM 64.7bRM 6.6b13.9x20.6x2.1x
Sat, 09 Aug 2025RM 136.7bRM 64.8bRM 6.6b10x20.6x2.1x
Mon, 07 Jul 2025RM 135.0bRM 64.7bRM 6.6b10x20.4x2.1x
Wed, 04 Jun 2025RM 129.8bRM 64.8bRM 6.6b10.3x19.6x2x
Fri, 02 May 2025RM 132.8bRM 65.4bRM 6.5b11.7x20.5x2x
Sun, 30 Mar 2025RM 121.7bRM 65.2bRM 6.4b12x18.9x1.9x
Tue, 25 Feb 2025RM 126.7bRM 65.9bRM 6.3b12.7x20.3x1.9x
Thu, 23 Jan 2025RM 131.3bRM 66.0bRM 6.3b14.7x20.9x2x
Sat, 21 Dec 2024RM 129.5bRM 66.0bRM 6.3b16.2x20.7x2x
Mon, 18 Nov 2024RM 124.0bRM 66.3bRM 5.3b16.2x23.2x1.9x
Wed, 16 Oct 2024RM 132.8bRM 66.2bRM 5.3b15.3x25.2x2x
Fri, 13 Sep 2024RM 135.3bRM 66.3bRM 5.2b16.9x25.8x2x
Sun, 11 Aug 2024RM 131.6bRM 66.0bRM 4.8b22.2x27.3x2x
Tue, 09 Jul 2024RM 132.5bRM 66.0bRM 4.8b20.3x27.5x2x
Thu, 06 Jun 2024RM 138.9bRM 66.1bRM 4.8b19.3x28.9x2.1x
Sat, 04 May 2024RM 141.0bRM 65.2bRM 4.6b23.8x30.4x2.2x
Mon, 01 Apr 2024RM 137.9bRM 65.2bRM 4.6b21.1x29.7x2.1x
Wed, 28 Feb 2024RM 145.7bRM 65.5bRM 4.7b21.6x31.2x2.2x
Fri, 26 Jan 2024RM 142.0bRM 65.3bRM 215.4m20.9x659x2.2x
Sun, 24 Dec 2023RM 136.8bRM 65.3bRM 215.4m21.9x634.8x2.1x
Tue, 21 Nov 2023RM 139.9bRM 64.9b-RM 1,257,781,318.0021.7x-111.2x2.2x
Thu, 19 Oct 2023RM 138.9bRM 63.2b-RM 1,414,189,318.0020.9x-98.2x2.2x
Sat, 16 Sep 2023RM 143.2bRM 63.3b-RM 1,339,289,318.0020.9x-106.9x2.3x
Mon, 14 Aug 2023RM 141.0bRM 60.8b-RM 875,361,364.0015.7x-161.1x2.3x
Wed, 12 Jul 2023RM 137.4bRM 60.7b-RM 894,575,201.0015.2x-153.6x2.3x
Fri, 09 Jun 2023RM 142.3bRM 60.8b-RM 810,513,201.0013.5x-175.6x2.3x
Sun, 07 May 2023RM 151.1bRM 58.5b-RM 1,296,930,420.0014.5x-116.5x2.6x
Tue, 04 Apr 2023RM 146.7bRM 58.5b-RM 1,283,873,420.0014.9x-114.2x2.5x
Thu, 02 Mar 2023RM 144.2bRM 58.5b-RM 1,301,271,463.0014x-110.8x2.5x
Price to Earnings Ratio

-110.8x


Total Market Cap: RM 144.2bTotal Earnings: -RM 1,301,271,463.00Total Revenue: RM 58.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 30.9x202420252026
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 22.3x which is lower than its 3-year average PE of 30.9x.
  • 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 grown 3.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

MY Market0.78%
Telecom0.76%
Media7.30%
Telecom Services and Carriers1.85%
Interactive Media and Services0.64%
Wireless Telecom0.12%
Entertainment0%0
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 7.5x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 11.6% 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 17% 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 32% 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 8.062.3%
+RM 690.8m		16.8%PE13.9x
AXIATA Axiata Group BerhadRM 2.310.9%
+RM 183.7m		12.1%PE209.7x
ASTRO Astro Malaysia Holdings BerhadRM 0.1033.3%
+RM 130.6m		-51.2%PE10.5x
TIMECOM TIME dotCom BerhadRM 6.021.0%
+RM 110.9m		23.4%PE25.4x
SJC Seni Jaya Corporation BerhadRM 0.524.0%
+RM 4.3m		55.2%PE9.5x

Latest News

AXIATA
RM 2.31
Axiata Group Berhad
7D
0.9%
1Y
12.1%

AXIATA: Softer Revenue Outlook Will Likely Intensify Overvaluation Risk

Analysts have lifted their price target for Axiata Group Berhad from MYR 1.71 to MYR 1.76, pointing to updated assumptions that include a slightly lower discount rate, softer revenue expectations, a higher profit margin profile, and a reduced future P/E multiple. 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 has served the group for nine years in various roles including group CFO and, most recently, group CEO and managing director since 2023 (Key Developments).
ASTRO
RM 0.10
Astro Malaysia Holdings Berhad
7D
33.3%
1Y
-51.2%
OCK
RM 0.37
OCK Group Berhad
7D
-1.3%
1Y
-9.8%
MAXIS
RM 3.90
Maxis Berhad
7D
-0.3%
1Y
13.7%

Earnings Update: Maxis Berhad (KLSE:MAXIS) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Feb 15
Earnings Update: Maxis Berhad (KLSE:MAXIS) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
REDTONE
RM 0.35
REDtone Digital Berhad
7D
-1.4%
1Y
-38.6%
TM
RM 8.06
Telekom Malaysia Berhad
7D
2.3%
1Y
16.8%
TIMECOM
RM 6.02
TIME dotCom Berhad
7D
1.0%
1Y
23.4%

Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)

Feb 11
Calculating The Fair Value Of TIME dotCom Berhad (KLSE:TIMECOM)
SBS
RM 0.16
SBS Nexus Berhad
7D
3.2%
1Y
n/a
REACHTEN
RM 0.49
Reach Ten Holdings Berhad
7D
-1.0%
1Y
n/a

Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)

Jan 30
Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)
SJC
RM 0.52
Seni Jaya Corporation Berhad
7D
4.0%
1Y
55.2%
SEDANIA
RM 0.09
Sedania Innovator Berhad
7D
-5.3%
1Y
-21.7%
PUC
RM 0.015
PUC Berhad
7D
-25.0%
1Y
-62.5%
WATTA
RM 0.36
Watta Holding Berhad
7D
-1.4%
1Y
-13.1%
KUCINGKO
RM 0.10
Kucingko Berhad
7D
5.0%
1Y
-52.3%

A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)

Dec 11
A Look At The Intrinsic Value Of Kucingko Berhad (KLSE:KUCINGKO)
CATCHA
RM 0.28
Catcha Digital Berhad
7D
1.8%
1Y
-15.2%

We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings

Dec 01
We Think That There Are Issues Underlying Catcha Digital Berhad's (KLSE:CATCHA) Earnings