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Malaysian (KLSE) Media Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies9
  • 7D1.0%
  • 3M-7.7%
  • 1Y-29.7%
  • YTD-23.5%

Last week, the Media industry hasn't moved much but Astro Malaysia Holdings Berhad is up 9.1% in that time. As for the longer term, the industry has declined 30% in the last year. Looking forward, earnings are forecast to decline by 23% per year.

Industry Valuation and Performance

Has the Malaysian Media Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026RM 1.5bRM 4.2bRM 52.3m10.2x28.6x0.4x
Sun, 24 May 2026RM 1.6bRM 4.3bRM 65.8m10.4x23.8x0.4x
Tue, 21 Apr 2026RM 1.5bRM 4.3bRM 78.4m8.7x19.8x0.4x
Thu, 19 Mar 2026RM 1.6bRM 4.3bRM 64.8m9.1x25.2x0.4x
Sat, 14 Feb 2026RM 1.7bRM 4.3bRM 94.0m8.5x17.8x0.4x
Mon, 12 Jan 2026RM 1.9bRM 4.3bRM 85.2m10x22.1x0.4x
Wed, 10 Dec 2025RM 1.7bRM 4.4bRM 123.0m6.9x14.1x0.4x
Fri, 07 Nov 2025RM 1.6bRM 4.3bRM 118.5m7.5x13.2x0.4x
Sun, 05 Oct 2025RM 1.6bRM 4.3bRM 118.2m7.8x13.7x0.4x
Tue, 02 Sep 2025RM 1.7bRM 4.4bRM 156.5m6.2x11x0.4x
Thu, 31 Jul 2025RM 1.7bRM 4.4bRM 183.8m5.9x9.1x0.4x
Sat, 28 Jun 2025RM 1.7bRM 4.4bRM 183.1m6x9.1x0.4x
Mon, 26 May 2025RM 2.1bRM 4.5bRM 174.3m6.9x11.8x0.5x
Wed, 23 Apr 2025RM 1.9bRM 4.5bRM 174.4m6.7x10.7x0.4x
Fri, 21 Mar 2025RM 2.0bRM 4.5bRM 208.5m6.7x9.5x0.4x
Sun, 16 Feb 2025RM 2.3bRM 4.5bRM 162.6m8.5x14x0.5x
Tue, 14 Jan 2025RM 2.3bRM 4.4bRM 146.6m14.8x15.5x0.5x
Thu, 12 Dec 2024RM 2.3bRM 4.6bRM 68.1m16.2x34.5x0.5x
Sat, 09 Nov 2024RM 2.3bRM 4.6bRM 91.9m16.2x25.5x0.5x
Mon, 07 Oct 2024RM 2.5bRM 4.6bRM 103.1m14.6x23.9x0.5x
Wed, 04 Sep 2024RM 2.4bRM 4.6bRM 91.5m19.8x26.5x0.5x
Fri, 02 Aug 2024RM 2.6bRM 4.7bRM 97.1m24.1x27.3x0.6x
Sun, 30 Jun 2024RM 2.9bRM 4.7bRM 102.5m24.8x28.1x0.6x
Tue, 28 May 2024RM 2.9bRM 4.8bRM 102.0m18.9x28.2x0.6x
Thu, 25 Apr 2024RM 2.8bRM 4.8bRM 101.5m16.9x27.7x0.6x
Sat, 23 Mar 2024RM 2.7bRM 4.8bRM 101.5m15.3x26.5x0.6x
Mon, 19 Feb 2024RM 3.2bRM 5.1bRM 83.6m14.9x38.3x0.6x
Wed, 17 Jan 2024RM 3.2bRM 5.1bRM 85.9m16.9x37x0.6x
Fri, 15 Dec 2023RM 3.1bRM 5.2bRM 128.4m15x24.2x0.6x
Sun, 12 Nov 2023RM 3.4bRM 5.1bRM 125.2m15.9x27x0.7x
Tue, 10 Oct 2023RM 3.6bRM 5.1bRM 124.4m15.1x28.8x0.7x
Thu, 07 Sep 2023RM 3.8bRM 5.2bRM 199.3m13.2x19.1x0.7x
Sat, 05 Aug 2023RM 3.8bRM 5.2bRM 204.8m10.8x18.4x0.7x
Mon, 03 Jul 2023RM 4.2bRM 5.2bRM 202.6m11.2x20.8x0.8x
Price to Earnings Ratio

20.8x


Total Market Cap: RM 4.2bTotal Earnings: RM 202.6mTotal Revenue: RM 5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Media Industry Price to Earnings3Y Average 21.2x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Media industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.8x which is higher than its 3-year average PE of 21.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Media industry have declined 36% per year over the last three years,
  • Revenues have also declined 7.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

MY Market-1.81%
Telecom-0.021%
Media0.96%
Broadcasting3.38%
Advertising-0.11%
Publishing-2.08%
Industry PE
  • Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 14.1x.
    • Analysts expect its future annual earnings decline (42.7%) to be largely in line with prior year's earnings decline.
Forecasted Growth
  • Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 8.1% per year.
  • In contrast, the Broadcasting industry is expected to see its earnings decline by 43% 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
ASTRO Astro Malaysia Holdings BerhadRM 0.069.1%
+RM 26.1m		-58.6%PE6.1x
SBS SBS Nexus BerhadRM 0.138.7%
+RM 4.9m		n/aPE8.1x

Latest News

ASTRO
RM 0.06
Astro Malaysia Holdings Berhad
7D
9.1%
1Y
-58.6%
MEDIA
RM 0.28
Media Prima Berhad
7D
-1.7%
1Y
-20.8%
SBS
RM 0.13
SBS Nexus Berhad
7D
8.7%
1Y
n/a
New Narrative • May 31

SBS Nexus首季业绩被一次性费用掩盖，市场估值或低估其盈利质量

SBS Nexus Berhad（SBS） 近期公布截至2026年3月31日首季业绩，整体表现比账面净利所呈现的更具看点。公司首季录得营业额RM13.85 million、毛利RM5.52 million、税前盈利RM1.38 million，以及税后盈利RM0.43 million；毛利率达39.8%，高于2025财年的34.8%。 这显示公司在营收短期放缓的情况下，仍成功提升项目执行效率与成本控制能力。 更关键的是，首季净利偏低， 主要受到约RM2.4 million一次性上市费用影响。若剔除该非经常性费用，公司调整后税后盈利约为RM2.8 million，反而比上一季税后盈利高出约RM0.3 million。 换言之，若市场只看RM0.43 million账面净利，可能会误判SBS的真实经营盈利能力。 从业务结构来看，SBS仍以数码品牌解决方案为核心，该分部贡献集团67.1%的季度营收；线下品牌解决方案贡献RM4.23 million，商业线索开发业务贡献RM333,000。这种组合让公司不只是传统广告服务商，而是逐步向 “ 品牌策略、数码营销执行、商业转化 ” 一体化服务平台靠拢。 值得注意的是，虽然首季营业额按季下滑8.0%，主要因为2026年首三个月工作天数较少，但毛利却按季增长15.3%，毛利率也从上一季31.8%提升至39.8%。这类 “ 收入略降、毛利提升 ” 的组合，通常反映公司并非单纯靠规模扩张，而是在项目结构、成本管理和资源配置方面出现改善。 估值层面，市场似乎仍未完全反映这项改善。 以 RM0.115股价作为参考，并按公司截至2026年3月31日的4.90亿股股本计算，SBS市值约RM56 million。 公司同期持有现金及银行结余RM32.95 million、定存RM5.00 million，借款约RM4.77 million，粗略净现金约RM33 million。换言之，扣除净现金后，市场给予核心业务的隐含价值并不高。 若以首季调整后税后盈利RM2.8 million作简单年化参考，SBS的经营盈利能力并不弱。当然，单季年化不能视为全年预测，尤其品牌营销业务仍可能受项目周期影响； 但从现金水平、毛利率改善及调整后盈利来看，目前市场对公司的定价确实偏保守。 此外，公司IPO募集资金RM30.63 million，截至首季末仍有RM24.45 million尚待使用，主要用于新总部、业务扩张、品牌营销、偿还借款及营运资金。公司也已开始落实扩张计划，包括租赁新办公室、委任装修承包商，并自2026年初增聘6名员工。这意味着SBS并非只是“守住现有业务”，而是仍处于上市后的扩张阶段。 整体而言，SBS首季业绩应被解读为 “ 被一次性费用压低的稳健季度 ”。账面净利不抢眼，但调整后盈利、毛利率提升、净现金状态和未动用IPO资金，都反映公司具备继续扩张的基础。若未来几个季度能够维持较高毛利率，并将上市资金转化为更明显的收入与盈利增长，市场对SBS的低估有望逐步修正。
STAR
RM 0.28
Star Media Group Berhad
7D
-1.8%
1Y
-28.2%
SASBADI
RM 0.16
Sasbadi Holdings Berhad
7D
-3.0%
1Y
6.7%
INNITY
RM 0.11
Innity Corporation Berhad
7D
-26.7%
1Y
-47.6%