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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies7
  • 7D1.6%
  • 3M-0.3%
  • 1Y12.9%
  • YTD-2.1%

The Telecom Services and Carriers industry is up 1.6% in the last week, with Telekom Malaysia Berhad up 1.6%. In the same time, Sedania Innovator Berhad was down 5.3%. In the last 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026RM 41.2bRM 15.0bRM 2.1b17.6x19.4x2.8x
Fri, 15 May 2026RM 42.0bRM 14.9bRM 2.2b17.2x19.1x2.8x
Sun, 12 Apr 2026RM 39.3bRM 14.9bRM 2.2b14.8x17.8x2.6x
Tue, 10 Mar 2026RM 40.0bRM 14.9bRM 2.2b15.3x18.1x2.7x
Thu, 05 Feb 2026RM 42.7bRM 14.7bRM 2.8b14.1x15.4x2.9x
Sat, 03 Jan 2026RM 42.1bRM 14.7bRM 2.8b14.6x15.2x2.9x
Mon, 01 Dec 2025RM 39.5bRM 14.7bRM 2.8b16x14.3x2.7x
Wed, 29 Oct 2025RM 38.1bRM 14.7bRM 2.5b15x15.2x2.6x
Fri, 26 Sep 2025RM 38.0bRM 14.7bRM 2.5b14.7x15.1x2.6x
Sun, 24 Aug 2025RM 38.1bRM 14.8bRM 2.5b13.6x15.2x2.6x
Tue, 22 Jul 2025RM 36.9bRM 14.8bRM 2.5b12.9x14.5x2.5x
Thu, 19 Jun 2025RM 36.4bRM 14.8bRM 2.5b12.7x14.3x2.5x
Sat, 17 May 2025RM 37.7bRM 14.8bRM 2.6b13.2x14.7x2.6x
Mon, 14 Apr 2025RM 35.7bRM 14.6bRM 2.5b12.7x14.3x2.4x
Wed, 12 Mar 2025RM 36.3bRM 14.6bRM 2.5b12.9x14.5x2.5x
Fri, 07 Feb 2025RM 35.4bRM 15.1bRM 2.2b14.5x16.5x2.3x
Sun, 05 Jan 2025RM 35.7bRM 15.1bRM 2.2b15.3x16.6x2.4x
Tue, 03 Dec 2024RM 34.7bRM 15.1bRM 2.2b14.6x16.1x2.3x
Thu, 31 Oct 2024RM 35.3bRM 15.1bRM 2.3b14.2x15.6x2.3x
Sat, 28 Sep 2024RM 35.7bRM 15.2bRM 2.3b14.2x15.7x2.4x
Mon, 26 Aug 2024RM 36.9bRM 15.2bRM 2.4b13.4x15.7x2.4x
Wed, 24 Jul 2024RM 38.0bRM 15.1bRM 2.3b18.2x16.3x2.5x
Fri, 21 Jun 2024RM 36.6bRM 15.1bRM 2.3b16.1x15.7x2.4x
Sun, 19 May 2024RM 35.2bRM 15.0bRM 2.2b18.3x15.8x2.4x
Tue, 16 Apr 2024RM 34.2bRM 15.0bRM 2.2b16.2x15.3x2.3x
Thu, 14 Mar 2024RM 34.3bRM 15.0bRM 2.2b18.4x15.3x2.3x
Sat, 10 Feb 2024RM 34.2bRM 14.8bRM 2.0b18.3x17.2x2.3x
Mon, 08 Jan 2024RM 33.1bRM 14.8bRM 2.0b18.9x16.6x2.2x
Wed, 06 Dec 2023RM 30.7bRM 14.8bRM 2.0b16.2x15.4x2.1x
Fri, 03 Nov 2023RM 30.3bRM 14.8bRM 1.7b18.9x17.6x2.1x
Sun, 01 Oct 2023RM 30.0bRM 14.8bRM 1.7b17.8x17.4x2x
Tue, 29 Aug 2023RM 30.6bRM 14.7bRM 1.7b19.2x17.7x2.1x
Thu, 27 Jul 2023RM 30.3bRM 14.6bRM 1.6b17.8x18.5x2.1x
Sat, 24 Jun 2023RM 30.0bRM 14.6bRM 1.6b16.5x18.3x2.1x
Price to Earnings Ratio

18.3x


Total Market Cap: RM 30.0bTotal 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 16.2x202420252026
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 19.4x which is higher than its 3-year average PE of 16.2x.
  • 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 9.0% 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 Market1.05%
Telecom2.71%
Telecom Services and Carriers1.60%
Integrated Telecom Services1.81%
Alternative Carriers1.04%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 41.0% 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 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.5% 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 7.483.3%
+RM 921.1m		13.5%PE17.6x
TIMECOM TIME dotCom BerhadRM 6.101.2%
+RM 129.4m		17.1%PE26x
REACHTEN Reach Ten Holdings BerhadRM 0.4713.1%
+RM 55.0m		-7.8%PE13.3x
REDTONE REDtone Digital BerhadRM 0.323.3%
+RM 7.7m		-42.2%PE72.4x

Latest News

REDTONE
RM 0.32
REDtone Digital Berhad
7D
3.3%
1Y
-42.2%
REACHTEN
RM 0.47
Reach Ten Holdings Berhad
7D
13.1%
1Y
-7.8%
TM
RM 7.48
Telekom Malaysia Berhad
7D
3.3%
1Y
13.5%
Narrative Update • Jun 09

TM: Dividend Reset And Minor Model Tweaks Will Shape Balanced Outlook

Analysts have trimmed their fair value estimate for Telekom Malaysia Berhad slightly from MYR8.09 to MYR8.08. This reflects small updates to assumptions on profit margins and the future P/E multiple rather than a major shift in the core outlook.
SEDANIA
RM 0.09
Sedania Innovator Berhad
7D
-5.3%
1Y
0%
OCK
RM 0.39
OCK Group Berhad
7D
-1.3%
1Y
-8.3%
TIMECOM
RM 6.10
TIME dotCom Berhad
7D
1.2%
1Y
17.1%