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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedMay 03, 2026
DataAggregated Company Financials
Companies7
  • 7D4.0%
  • 3M-3.8%
  • 1Y8.2%
  • YTD-2.4%

The Telecom Services and Carriers industry is up 4.0% in the last week, with Telekom Malaysia Berhad up 5.4%. This takes the industry's 12 month performance to a gain of 8.2%. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

Has the Malaysian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 May 2026RM 41.0bRM 14.9bRM 2.2b16.6x18.6x2.8x
Tue, 31 Mar 2026RM 39.1bRM 14.9bRM 2.2b14.4x17.7x2.6x
Thu, 26 Feb 2026RM 42.2bRM 14.7bRM 2.8b14.5x15.3x2.9x
Sat, 24 Jan 2026RM 42.8bRM 14.7bRM 2.8b13.9x15.5x2.9x
Mon, 22 Dec 2025RM 42.1bRM 14.7bRM 2.8b14.6x15.2x2.9x
Wed, 19 Nov 2025RM 38.2bRM 14.7bRM 2.5b14.7x15.2x2.6x
Fri, 17 Oct 2025RM 38.0bRM 14.7bRM 2.5b14.7x15.1x2.6x
Sun, 14 Sep 2025RM 40.5bRM 14.7bRM 2.5b14.8x16.1x2.8x
Tue, 12 Aug 2025RM 37.3bRM 14.8bRM 2.5b12.6x14.7x2.5x
Thu, 10 Jul 2025RM 36.4bRM 14.8bRM 2.5b12.7x14.3x2.5x
Sat, 07 Jun 2025RM 36.5bRM 14.8bRM 2.5b12.7x14.3x2.5x
Mon, 05 May 2025RM 37.9bRM 14.8bRM 2.6b13.2x14.8x2.6x
Wed, 02 Apr 2025RM 35.3bRM 14.6bRM 2.5b12.5x14.2x2.4x
Fri, 28 Feb 2025RM 37.0bRM 14.6bRM 2.5b13.3x14.9x2.5x
Sun, 26 Jan 2025RM 34.8bRM 15.1bRM 2.2b14.6x16.2x2.3x
Tue, 24 Dec 2024RM 35.4bRM 15.1bRM 2.2b15.1x16.4x2.3x
Thu, 21 Nov 2024RM 34.6bRM 15.1bRM 2.3b13.8x15.3x2.3x
Sat, 19 Oct 2024RM 35.6bRM 15.2bRM 2.3b13.9x15.7x2.3x
Mon, 16 Sep 2024RM 35.9bRM 15.2bRM 2.3b14.4x15.8x2.4x
Wed, 14 Aug 2024RM 37.0bRM 15.1bRM 2.3b16x15.9x2.4x
Fri, 12 Jul 2024RM 38.4bRM 15.1bRM 2.3b18.6x16.5x2.5x
Sun, 09 Jun 2024RM 35.2bRM 15.1bRM 2.3b16.6x15.1x2.3x
Tue, 07 May 2024RM 35.4bRM 15.0bRM 2.2b16.5x15.9x2.4x
Thu, 04 Apr 2024RM 34.3bRM 15.0bRM 2.2b16.5x15.4x2.3x
Sat, 02 Mar 2024RM 34.3bRM 15.0bRM 2.3b18x15.2x2.3x
Mon, 29 Jan 2024RM 34.3bRM 14.8bRM 2.0b17.7x17.2x2.3x
Wed, 27 Dec 2023RM 32.4bRM 14.8bRM 2.0b17.1x16.3x2.2x
Fri, 24 Nov 2023RM 30.7bRM 14.8bRM 1.7b19.8x18.1x2.1x
Sun, 22 Oct 2023RM 30.3bRM 14.8bRM 1.7b17.8x17.5x2.1x
Tue, 19 Sep 2023RM 30.0bRM 14.8bRM 1.7b19.7x17.4x2x
Thu, 17 Aug 2023RM 30.5bRM 14.6bRM 1.6b18.4x18.6x2.1x
Sat, 15 Jul 2023RM 29.3bRM 14.6bRM 1.6b17x17.9x2x
Mon, 12 Jun 2023RM 29.7bRM 14.6bRM 1.6b17.6x18.2x2x
Wed, 10 May 2023RM 31.0bRM 14.5bRM 1.6b16.3x19.1x2.1x
Price to Earnings Ratio

19.1x


Total Market Cap: RM 31.0bTotal Earnings: RM 1.6bTotal Revenue: RM 14.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Services and Carriers Industry Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of 16.1x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 11% 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 industry?

MY Market0.18%
Telecom2.29%
Telecom Services and Carriers4.04%
Integrated Telecom Services5.19%
Alternative Carriers1.18%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings decline of 31.9% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 9.0% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 5.9% 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 7.485.4%
+RM 1.5b		8.6%PE16.8x
TIMECOM TIME dotCom BerhadRM 6.041.2%
+RM 129.4m		12.9%PE26.1x
SEDANIA Sedania Innovator BerhadRM 0.09511.8%
+RM 4.1m		-13.6%PS0.4x
REDTONE REDtone Digital BerhadRM 0.341.5%
+RM 3.9m		-45.1%PE16.6x
BINACOM Binasat Communications BerhadRM 0.0757.1%
+RM 3.0m		-48.3%PS0.4x

Latest News

TIMECOM
RM 6.04
TIME dotCom Berhad
7D
1.2%
1Y
12.9%
BINACOM
RM 0.075
Binasat Communications Berhad
7D
7.1%
1Y
-48.3%
TM
RM 7.48
Telekom Malaysia Berhad
7D
5.4%
1Y
8.6%

TM: 5G Network Shift And Rising Dividends Will Support Future Upside

Analysts have made a small upward revision to Telekom Malaysia Berhad’s fair value estimate, moving it from MYR7.97 to about MYR7.98, supported by slightly higher expected profit margins and a broadly steady forward P/E assumption. What's in the News The Board declared an ordinary second interim single tier dividend of 14.5 sen per share, amounting to about MYR 556.5 million for the financial year ended 31 December 2025, with payment scheduled for 27 March 2026 and an ex date of 12 March 2026 (Key Developments).
REACHTEN
RM 0.41
Reach Ten Holdings Berhad
7D
-1.2%
1Y
-24.1%
SEDANIA
RM 0.095
Sedania Innovator Berhad
7D
11.8%
1Y
-13.6%
REDTONE
RM 0.34
REDtone Digital Berhad
7D
1.5%
1Y
-45.1%