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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedNov 23, 2025
DataAggregated Company Financials
Companies7
  • 7D0.8%
  • 3M0.2%
  • 1Y9.2%
  • YTD4.5%

The Telecom Services and Carriers industry has stayed flat over the last week. As for the the longer term, the industry is up 9.2% over the past 12 months. As for the next few years, earnings are expected to grow by 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Nov 2025RM 38.3bRM 14.6bRM 2.5b17.1x15.3x2.6x
Tue, 21 Oct 2025RM 38.0bRM 14.7bRM 2.5b14.7x15.1x2.6x
Thu, 18 Sep 2025RM 37.8bRM 14.7bRM 2.5b14.7x15.1x2.6x
Sat, 16 Aug 2025RM 38.1bRM 14.8bRM 2.5b12.6x15x2.6x
Mon, 14 Jul 2025RM 36.6bRM 14.8bRM 2.5b12.8x14.4x2.5x
Wed, 11 Jun 2025RM 36.8bRM 14.8bRM 2.5b12.8x14.5x2.5x
Fri, 09 May 2025RM 38.2bRM 14.8bRM 2.6b13.2x14.9x2.6x
Sun, 06 Apr 2025RM 35.5bRM 14.6bRM 2.5b12.6x14.2x2.4x
Tue, 04 Mar 2025RM 36.5bRM 14.6bRM 2.5b13.3x14.7x2.5x
Thu, 30 Jan 2025RM 34.7bRM 15.1bRM 2.2b14.3x16.1x2.3x
Sat, 28 Dec 2024RM 35.7bRM 15.1bRM 2.2b15.4x16.6x2.4x
Mon, 25 Nov 2024RM 34.5bRM 15.1bRM 2.3b13.8x15.2x2.3x
Wed, 23 Oct 2024RM 35.7bRM 15.2bRM 2.3b14x15.7x2.4x
Fri, 20 Sep 2024RM 36.0bRM 15.2bRM 2.3b14.1x15.8x2.4x
Sun, 18 Aug 2024RM 37.1bRM 15.1bRM 2.3b16.1x15.9x2.5x
Tue, 16 Jul 2024RM 38.4bRM 15.1bRM 2.3b18.6x16.5x2.5x
Thu, 13 Jun 2024RM 36.4bRM 15.1bRM 2.3b16.8x15.6x2.4x
Sat, 11 May 2024RM 35.1bRM 15.0bRM 2.2b18.6x15.8x2.3x
Mon, 08 Apr 2024RM 34.8bRM 15.0bRM 2.2b16.5x15.6x2.3x
Wed, 06 Mar 2024RM 34.4bRM 15.0bRM 2.2b17.9x15.3x2.3x
Fri, 02 Feb 2024RM 34.2bRM 14.8bRM 2.0b17.4x17.2x2.3x
Sun, 31 Dec 2023RM 32.5bRM 14.8bRM 2.0b18.3x16.3x2.2x
Tue, 28 Nov 2023RM 30.8bRM 14.7bRM 2.0b18.2x15.5x2.1x
Thu, 26 Oct 2023RM 30.4bRM 14.8bRM 1.7b17.7x17.6x2.1x
Sat, 23 Sep 2023RM 30.3bRM 14.8bRM 1.7b19.1x17.5x2.1x
Mon, 21 Aug 2023RM 30.4bRM 14.7bRM 1.5b18.3x19.8x2.1x
Wed, 19 Jul 2023RM 29.4bRM 14.6bRM 1.6b17.1x17.9x2x
Fri, 16 Jun 2023RM 29.9bRM 14.6bRM 1.6b18x18.2x2x
Sun, 14 May 2023RM 30.6bRM 14.5bRM 1.6b16.1x18.9x2.1x
Tue, 11 Apr 2023RM 30.1bRM 14.5bRM 1.6b16.3x18.5x2.1x
Thu, 09 Mar 2023RM 30.7bRM 14.5bRM 1.6b16.6x18.9x2.1x
Sat, 04 Feb 2023RM 30.5bRM 14.7bRM 1.6b19.7x19.3x2.1x
Mon, 02 Jan 2023RM 30.7bRM 14.7bRM 1.6b20x19.4x2.1x
Wed, 30 Nov 2022RM 31.0bRM 14.6bRM 1.6b20.4x19.9x2.1x
Price to Earnings Ratio

19.9x


Total Market Cap: RM 31.0bTotal Earnings: RM 1.6bTotal Revenue: RM 14.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Services and Carriers Industry Price to Earnings3Y Average 16.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Malaysian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.5x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 17% 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 Market-0.57%
Telecom-1.60%
Telecom Services and Carriers0.85%
Integrated Telecom Services1.68%
Alternative Carriers-1.71%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 35.5% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings growth to stay flat 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 7.301.8%
+RM 498.9m		14.4%PE14x

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RM 0.13
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7D
-3.8%
1Y
-10.7%
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RM 0.49
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7D
-1.0%
1Y
n/a
TM
RM 7.30
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7D
1.8%
1Y
14.4%

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OCK
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OCK Group Berhad
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1Y
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RM 0.48
REDtone Digital Berhad
7D
-3.0%
1Y
-49.5%
BINACOM
RM 0.12
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7D
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1Y
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