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Malaysian (KLSE) Telecom Sector Analysis

UpdatedSep 06, 2025
DataAggregated Company Financials
Companies25
  • 7D0.6%
  • 3M2.0%
  • 1Y-1.1%
  • YTD0.6%

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 6.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Sep 2025RM 133.8bRM 64.7bRM 6.6b13.9x20.4x2.1x
Mon, 04 Aug 2025RM 135.4bRM 64.8bRM 6.6b10x20.4x2.1x
Wed, 02 Jul 2025RM 134.1bRM 64.7bRM 6.6b10x20.3x2.1x
Fri, 30 May 2025RM 131.9bRM 64.8bRM 6.6b11.5x20x2x
Sun, 27 Apr 2025RM 130.1bRM 65.2bRM 6.4b12.9x20.2x2x
Tue, 25 Mar 2025RM 117.3bRM 65.3bRM 6.5b12.3x18.2x1.8x
Thu, 20 Feb 2025RM 125.4bRM 65.9bRM 6.0b13.5x20.9x1.9x
Sat, 18 Jan 2025RM 129.9bRM 66.0bRM 6.3b15x20.7x2x
Mon, 16 Dec 2024RM 129.9bRM 66.0bRM 6.3b16.7x20.7x2x
Wed, 13 Nov 2024RM 124.9bRM 66.3bRM 5.3b16.3x23.4x1.9x
Fri, 11 Oct 2024RM 131.5bRM 66.2bRM 5.3b15.8x25x2x
Sun, 08 Sep 2024RM 134.7bRM 66.2bRM 5.3b16.7x25.6x2x
Tue, 06 Aug 2024RM 125.5bRM 66.0bRM 4.8b19.3x26x1.9x
Thu, 04 Jul 2024RM 135.2bRM 66.0bRM 4.8b19.5x28.1x2x
Sat, 01 Jun 2024RM 137.4bRM 66.0bRM 4.7b22.8x29.1x2.1x
Mon, 29 Apr 2024RM 140.3bRM 65.2bRM 4.6b19.9x30.2x2.1x
Wed, 27 Mar 2024RM 139.9bRM 65.2bRM 4.6b20.3x30.2x2.1x
Fri, 23 Feb 2024RM 143.4bRM 66.4bRM 611.4m21.9x234.6x2.2x
Sun, 21 Jan 2024RM 139.7bRM 65.3bRM 215.4m21.7x648.5x2.1x
Tue, 19 Dec 2023RM 136.0bRM 65.3bRM 215.4m21.9x631.3x2.1x
Thu, 16 Nov 2023RM 140.2bRM 63.3b-RM 1,437,786,318.0021.9x-97.5x2.2x
Sat, 14 Oct 2023RM 139.3bRM 63.2b-RM 1,414,189,318.0022x-98.5x2.2x
Mon, 11 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0021.7x-105.9x2.2x
Wed, 09 Aug 2023RM 140.2bRM 60.7b-RM 892,361,364.0015.4x-157.1x2.3x
Fri, 07 Jul 2023RM 137.3bRM 60.7b-RM 894,575,201.0015.8x-153.5x2.3x
Sun, 04 Jun 2023RM 145.8bRM 60.8b-RM 810,513,201.0013.8x-179.9x2.4x
Tue, 02 May 2023RM 148.9bRM 58.5b-RM 1,296,027,420.0014.7x-114.9x2.5x
Thu, 30 Mar 2023RM 144.5bRM 58.5b-RM 1,283,873,420.0015x-112.5x2.5x
Sat, 25 Feb 2023RM 146.5bRM 58.1b-RM 1,067,386,357.0014x-137.2x2.5x
Mon, 23 Jan 2023RM 144.3bRM 63.7bRM 4.0b14.3x36.1x2.3x
Wed, 21 Dec 2022RM 137.8bRM 63.7bRM 4.0b19.1x34.5x2.2x
Fri, 18 Nov 2022RM 121.1bRM 62.6bRM 4.4b19x27.5x1.9x
Sun, 16 Oct 2022RM 108.0bRM 62.5bRM 4.4b17.2x24.3x1.7x
Tue, 13 Sep 2022RM 122.7bRM 62.7bRM 4.4b18.6x27.6x2x
Price to Earnings Ratio

27.6x


Total Market Cap: RM 122.7bTotal Earnings: RM 4.4bTotal Revenue: RM 62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 32.3x202320242025
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 20.4x which is lower than its 3-year average PE of 32.3x.
  • 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 Market0.20%
Telecom0.58%
Wireless Telecom1.02%
Entertainment0%0
Telecom Services and Carriers-0.30%
Media-2.89%
Interactive Media and Services-3.55%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 9.6x.
    • Analysts are expecting annual earnings growth of 8.9%, 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 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 8.9% 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 3.721.1%
+RM 469.3m		1.6%PE30.8x
MAXIS Maxis BerhadRM 3.551.4%
+RM 391.8m		-7.1%PE19.1x
AXIATA Axiata Group BerhadRM 2.430.4%
+RM 91.9m		-0.4%PE22.3x
WATTA Watta Holding BerhadRM 0.5410.2%
+RM 4.2m		-1.8%PS8.7x
REDTONE REDtone Digital BerhadRM 0.491.0%
+RM 3.9m		-50.3%PE14.4x

Latest News

XOX
RM 0.21
XOX Berhad
7D
-17.3%
1Y
2.4%
CDB
RM 3.72
Celcomdigi Berhad
7D
1.1%
1Y
1.6%
JCBNEXT
RM 1.72
JcbNext Berhad
7D
-2.8%
1Y
3.6%

We Think You Should Be Aware Of Some Concerning Factors In JcbNext Berhad's (KLSE:JCBNEXT) Earnings

Sep 03
We Think You Should Be Aware Of Some Concerning Factors In JcbNext Berhad's (KLSE:JCBNEXT) Earnings
TM
RM 7.01
Telekom Malaysia Berhad
7D
-0.1%
1Y
4.5%
TIMECOM
RM 5.15
TIME dotCom Berhad
7D
-0.6%
1Y
4.7%
AXIATA
RM 2.43
Axiata Group Berhad
7D
0.4%
1Y
-0.4%
SJC
RM 0.38
Seni Jaya Corporation Berhad
7D
-7.3%
1Y
85.4%
REACHTEN
RM 0.46
Reach Ten Holdings Berhad
7D
-3.2%
1Y
n/a
REDTONE
RM 0.49
REDtone Digital Berhad
7D
1.0%
1Y
-50.3%

REDtone Digital Berhad's (KLSE:REDTONE) Dividend Will Be Reduced To MYR0.02

Aug 25
REDtone Digital Berhad's (KLSE:REDTONE) Dividend Will Be Reduced To MYR0.02
MAXIS
RM 3.55
Maxis Berhad
7D
1.4%
1Y
-7.1%

Maxis Berhad's (KLSE:MAXIS) Dividend Will Be MYR0.04

Aug 24
Maxis Berhad's (KLSE:MAXIS) Dividend Will Be MYR0.04
WATTA
RM 0.54
Watta Holding Berhad
7D
10.2%
1Y
-1.8%
ASTRO
RM 0.14
Astro Malaysia Holdings Berhad
7D
-3.3%
1Y
-42.0%
PUC
RM 0.02
PUC Berhad
7D
-20.0%
1Y
-50.0%