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Malaysian (KLSE) Telecom Sector Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies25
  • 7D1.5%
  • 3M-1.4%
  • 1Y4.8%
  • YTD2.8%

Axiata Group Berhad is up 4.0%, leading the way for the Telecom industry, which has gained 1.5%. This means that the industry has gained 4.8% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025RM 137.1bRM 64.4bRM 5.8b15.9x23.7x2.1x
Mon, 10 Nov 2025RM 138.6bRM 64.6bRM 6.6b14.3x21.1x2.1x
Wed, 08 Oct 2025RM 135.9bRM 64.6bRM 6.5b14.2x20.8x2.1x
Fri, 05 Sep 2025RM 133.8bRM 64.7bRM 6.6b13.9x20.4x2.1x
Sun, 03 Aug 2025RM 135.4bRM 64.8bRM 6.6b10x20.4x2.1x
Tue, 01 Jul 2025RM 134.1bRM 64.7bRM 6.6b10x20.3x2.1x
Thu, 29 May 2025RM 132.5bRM 65.4bRM 6.5b11.4x20.3x2x
Sat, 26 Apr 2025RM 130.1bRM 65.2bRM 6.4b12.9x20.2x2x
Mon, 24 Mar 2025RM 116.4bRM 65.3bRM 6.5b12.2x18x1.8x
Wed, 19 Feb 2025RM 125.4bRM 65.9bRM 6.0b13.5x20.9x1.9x
Fri, 17 Jan 2025RM 129.5bRM 66.0bRM 6.3b14.9x20.7x2x
Sun, 15 Dec 2024RM 129.9bRM 66.0bRM 6.3b16.7x20.7x2x
Tue, 12 Nov 2024RM 126.5bRM 66.3bRM 5.3b16.5x23.7x1.9x
Thu, 10 Oct 2024RM 130.5bRM 66.2bRM 5.3b15.4x24.8x2x
Sat, 07 Sep 2024RM 134.7bRM 66.2bRM 5.3b16.7x25.6x2x
Mon, 05 Aug 2024RM 133.4bRM 66.0bRM 4.8b22.5x27.7x2x
Wed, 03 Jul 2024RM 133.1bRM 66.0bRM 4.8b18.9x27.6x2x
Fri, 31 May 2024RM 138.3bRM 66.0bRM 4.7b22.5x29.3x2.1x
Sun, 28 Apr 2024RM 140.3bRM 65.2bRM 4.6b19.9x30.2x2.1x
Tue, 26 Mar 2024RM 140.4bRM 65.2bRM 4.6b20.3x30.3x2.2x
Thu, 22 Feb 2024RM 143.9bRM 66.4bRM 611.6m21.9x235.3x2.2x
Sat, 20 Jan 2024RM 139.7bRM 65.3bRM 215.4m21.7x648.5x2.1x
Mon, 18 Dec 2023RM 135.8bRM 65.3bRM 215.4m22.8x630.3x2.1x
Wed, 15 Nov 2023RM 139.4bRM 63.3b-RM 1,437,786,318.0021.7x-97x2.2x
Fri, 13 Oct 2023RM 139.4bRM 63.2b-RM 1,414,189,318.0022.6x-98.6x2.2x
Sun, 10 Sep 2023RM 141.8bRM 63.3b-RM 1,339,289,318.0021.7x-105.9x2.2x
Tue, 08 Aug 2023RM 141.6bRM 60.7b-RM 892,361,364.0015.2x-158.6x2.3x
Thu, 06 Jul 2023RM 139.0bRM 60.7b-RM 894,575,201.0016.4x-155.4x2.3x
Sat, 03 Jun 2023RM 145.8bRM 60.8b-RM 817,787,201.0015x-178.3x2.4x
Mon, 01 May 2023RM 148.9bRM 58.5b-RM 1,296,027,420.0014.7x-114.9x2.5x
Wed, 29 Mar 2023RM 143.3bRM 58.5b-RM 1,283,873,420.0015.2x-111.6x2.5x
Fri, 24 Feb 2023RM 144.8bRM 63.6bRM 4.0b14x35.9x2.3x
Sun, 22 Jan 2023RM 144.3bRM 63.7bRM 4.0b14.3x36.1x2.3x
Tue, 20 Dec 2022RM 136.9bRM 63.7bRM 4.0b18.8x34.3x2.2x
Price to Earnings Ratio

34.3x


Total Market Cap: RM 136.9bTotal Earnings: RM 4.0bTotal Revenue: RM 63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Sector Price to Earnings3Y Average 31.7x202320242025
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 23.7x which is lower than its 3-year average PE of 31.7x.
  • 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 13% 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 Market0.86%
Telecom1.51%
Media3.30%
Wireless Telecom2.21%
Interactive Media and Services1.90%
Entertainment0%0
Telecom Services and Carriers-0.096%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 8.8x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 26.5% per year.
  • Investors are most pessimistic about the Interactive Media and Services industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 35% 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
AXIATA Axiata Group BerhadRM 2.624.0%
+RM 918.6m		10.5%PE237.8x
MAXIS Maxis BerhadRM 3.882.9%
+RM 861.9m		9.6%PE20.2x
CDB Celcomdigi BerhadRM 3.300.6%
+RM 234.6m		-7.0%PE29.3x
FOODIE Foodie Media BerhadRM 0.4320.8%
+RM 66.6m		n/aPE41.3x
REACHTEN Reach Ten Holdings BerhadRM 0.519.8%
+RM 45.0m		n/aPE7.2x

Latest News

CDB
RM 3.30
Celcomdigi Berhad
7D
0.6%
1Y
-7.0%

Celcomdigi Berhad's (KLSE:CDB) Share Price Matching Investor Opinion

Dec 12
Celcomdigi Berhad's (KLSE:CDB) Share Price Matching Investor Opinion
MAXIS
RM 3.88
Maxis Berhad
7D
2.9%
1Y
9.6%

Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price

Dec 12
Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price
AXIATA
RM 2.62
Axiata Group Berhad
7D
4.0%
1Y
10.5%

AXIATA: Edotco Sale Plans Will Unlock Value Despite Softer Revenue Outlook

Analysts have slightly reduced their price target on Axiata Group Berhad from around RM4.04 to RM3.92, citing lower expected revenue growth even as profitability and valuation assumptions improve. What's in the News Axiata Group Berhad is hosting an Analyst and Investor Day, providing updates on strategy, operational performance, and capital allocation plans (company event).
TM
RM 7.80
Telekom Malaysia Berhad
7D
0.1%
1Y
15.6%

TM: AI Partnership And Stable Margins Will Shape Customer Experience By 2030

Analysts have modestly raised their price target on Telekom Malaysia Berhad to MYR 7.83 from MYR 7.78. This reflects slightly improved expectations for long term profit margins and earnings multiples, despite an unchanged risk profile.
TIMECOM
RM 5.50
TIME dotCom Berhad
7D
-1.3%
1Y
18.3%
STAR
RM 0.34
Star Media Group Berhad
7D
-2.8%
1Y
-14.8%
CATCHA
RM 0.30
Catcha Digital Berhad
7D
5.3%
1Y
-22.1%

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
WATTA
RM 0.41
Watta Holding Berhad
7D
-2.4%
1Y
-2.4%
FOODIE
RM 0.43
Foodie Media Berhad
7D
20.8%
1Y
n/a
INNITY
RM 0.23
Innity Corporation Berhad
7D
-4.1%
1Y
-30.9%
REACHTEN
RM 0.51
Reach Ten Holdings Berhad
7D
9.8%
1Y
n/a
OCK
RM 0.40
OCK Group Berhad
7D
1.3%
1Y
-16.7%
BINACOM
RM 0.095
Binasat Communications Berhad
7D
-5.0%
1Y
-52.5%

Binasat Communications Berhad (KLSE:BINACOM) Stock Rockets 42% But Many Are Still Ignoring The Company

Oct 07
Binasat Communications Berhad (KLSE:BINACOM) Stock Rockets 42% But Many Are Still Ignoring The Company