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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies7
  • 7D1.5%
  • 3M11.5%
  • 1Y17.8%
  • YTD15.2%

The Telecom Services and Carriers industry has been flat over the last week, but REDtone Digital Berhad has lost 11%. As for the the longer term, the industry is up 16% over the past 12 months. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025RM 42.2bRM 14.7bRM 2.8b14.8x15.3x2.9x
Fri, 14 Nov 2025RM 38.3bRM 14.7bRM 2.5b14.5x15.3x2.6x
Sun, 12 Oct 2025RM 37.8bRM 14.7bRM 2.5b15.3x15x2.6x
Tue, 09 Sep 2025RM 37.6bRM 14.7bRM 2.5b14.4x15x2.6x
Thu, 07 Aug 2025RM 37.1bRM 14.8bRM 2.5b12.7x14.6x2.5x
Sat, 05 Jul 2025RM 37.2bRM 14.8bRM 2.5b12.9x14.6x2.5x
Mon, 02 Jun 2025RM 36.3bRM 14.8bRM 2.5b12.7x14.2x2.5x
Wed, 30 Apr 2025RM 36.6bRM 14.6bRM 2.5b13.7x14.7x2.5x
Fri, 28 Mar 2025RM 35.5bRM 14.6bRM 2.5b12.4x14.2x2.4x
Sun, 23 Feb 2025RM 36.5bRM 15.1bRM 2.1b14.5x17x2.4x
Tue, 21 Jan 2025RM 34.6bRM 15.1bRM 2.2b14.6x16.1x2.3x
Thu, 19 Dec 2024RM 35.2bRM 15.1bRM 2.2b15.2x16.3x2.3x
Sat, 16 Nov 2024RM 34.5bRM 15.1bRM 2.3b13.8x15.2x2.3x
Mon, 14 Oct 2024RM 35.3bRM 15.2bRM 2.3b14x15.6x2.3x
Wed, 11 Sep 2024RM 35.5bRM 15.2bRM 2.3b14.5x15.6x2.3x
Fri, 09 Aug 2024RM 37.1bRM 15.1bRM 2.3b15.8x15.9x2.5x
Sun, 07 Jul 2024RM 37.3bRM 15.1bRM 2.3b17.2x16x2.5x
Tue, 04 Jun 2024RM 35.2bRM 15.1bRM 2.2b16.5x15.7x2.3x
Thu, 02 May 2024RM 34.8bRM 15.0bRM 2.2b15.8x15.6x2.3x
Sat, 30 Mar 2024RM 34.3bRM 15.0bRM 2.2b16.6x15.4x2.3x
Mon, 26 Feb 2024RM 34.4bRM 15.0bRM 2.3b21.2x15.2x2.3x
Wed, 24 Jan 2024RM 34.1bRM 14.8bRM 2.0b17.5x17.1x2.3x
Fri, 22 Dec 2023RM 32.2bRM 14.8bRM 2.0b17.6x16.2x2.2x
Sun, 19 Nov 2023RM 30.7bRM 14.8bRM 1.7b20.1x17.9x2.1x
Tue, 17 Oct 2023RM 30.1bRM 14.8bRM 1.7b18.3x17.4x2x
Thu, 14 Sep 2023RM 30.0bRM 14.8bRM 1.7b20x17.4x2x
Sat, 12 Aug 2023RM 30.3bRM 14.6bRM 1.6b17.6x18.5x2.1x
Mon, 10 Jul 2023RM 29.3bRM 14.6bRM 1.6b16.4x17.9x2x
Wed, 07 Jun 2023RM 29.9bRM 14.6bRM 1.6b17.7x18.3x2x
Fri, 05 May 2023RM 30.4bRM 14.5bRM 1.6b16x18.7x2.1x
Sun, 02 Apr 2023RM 29.9bRM 14.5bRM 1.6b15.9x18.5x2.1x
Tue, 28 Feb 2023RM 29.7bRM 14.7bRM 1.6b18.9x18.7x2x
Thu, 26 Jan 2023RM 30.2bRM 14.7bRM 1.6b19x19.1x2.1x
Sat, 24 Dec 2022RM 29.7bRM 14.7bRM 1.6b19.6x18.8x2x
Price to Earnings Ratio

18.8x


Total Market Cap: RM 29.7bTotal Earnings: RM 1.6bTotal Revenue: RM 14.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Telecom Services and Carriers Industry Price to Earnings3Y Average 16.4x202320242025
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 16.4x.
  • The 3-year average PS ratio of 2.3x 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 20% 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 Market1.27%
Telecom2.01%
Telecom Services and Carriers1.46%
Integrated Telecom Services2.09%
Alternative Carriers-0.36%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.1x.
    • Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings decline of 21.7% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings decline by 3.1% 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 7.972.2%
+RM 652.4m		20.0%PE13.8x

Latest News

TM
RM 7.97
Telekom Malaysia Berhad
7D
2.2%
1Y
20.0%

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.
REDTONE
RM 0.39
REDtone Digital Berhad
7D
-11.5%
1Y
-57.2%

There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings

Nov 28
There May Be Some Bright Spots In REDtone Digital Berhad's (KLSE:REDTONE) Earnings
OCK
RM 0.39
OCK Group Berhad
7D
-1.3%
1Y
-17.0%