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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.4%
  • 3M11.3%
  • 1Y20.0%
  • YTD1.4%

In the last week, the Telecom Services and Carriers industry is up 1.5%, with Reach Ten Holdings Berhad up 12%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 1.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026RM 42.6bRM 14.7bRM 2.8b14.3x15.4x2.9x
Mon, 29 Dec 2025RM 42.4bRM 14.7bRM 2.8b14.3x15.3x2.9x
Wed, 26 Nov 2025RM 38.4bRM 14.7bRM 2.7b15.8x14.1x2.6x
Fri, 24 Oct 2025RM 38.7bRM 14.7bRM 2.5b15x15.4x2.6x
Sun, 21 Sep 2025RM 38.1bRM 14.7bRM 2.5b15.5x15.2x2.6x
Tue, 19 Aug 2025RM 38.7bRM 14.8bRM 2.5b12.9x15.2x2.6x
Thu, 17 Jul 2025RM 36.7bRM 14.8bRM 2.5b12.9x14.4x2.5x
Sat, 14 Jun 2025RM 36.5bRM 14.8bRM 2.5b12.7x14.4x2.5x
Mon, 12 May 2025RM 38.1bRM 14.8bRM 2.6b13x14.9x2.6x
Wed, 09 Apr 2025RM 34.7bRM 14.6bRM 2.5b12.3x13.9x2.4x
Fri, 07 Mar 2025RM 36.6bRM 14.6bRM 2.5b13.7x14.7x2.5x
Sun, 02 Feb 2025RM 35.1bRM 15.1bRM 2.2b14.4x16.3x2.3x
Tue, 31 Dec 2024RM 36.1bRM 15.1bRM 2.2b15.6x16.8x2.4x
Thu, 28 Nov 2024RM 34.8bRM 14.9bRM 2.2b14x15.8x2.3x
Sat, 26 Oct 2024RM 35.4bRM 15.1bRM 2.3b14.2x15.6x2.3x
Mon, 23 Sep 2024RM 36.0bRM 15.2bRM 2.3b14.5x15.8x2.4x
Wed, 21 Aug 2024RM 37.2bRM 15.1bRM 2.3b16.6x16x2.5x
Fri, 19 Jul 2024RM 38.9bRM 15.1bRM 2.3b18.6x16.7x2.6x
Sun, 16 Jun 2024RM 36.1bRM 15.1bRM 2.3b16.7x15.5x2.4x
Tue, 14 May 2024RM 35.0bRM 15.0bRM 2.2b18.4x15.7x2.3x
Thu, 11 Apr 2024RM 34.7bRM 15.0bRM 2.2b16.3x15.6x2.3x
Sat, 09 Mar 2024RM 34.2bRM 15.0bRM 2.2b18.4x15.3x2.3x
Mon, 05 Feb 2024RM 34.1bRM 14.8bRM 2.0b17.6x17.1x2.3x
Wed, 03 Jan 2024RM 32.6bRM 14.8bRM 2.0b18.5x16.4x2.2x
Fri, 01 Dec 2023RM 30.8bRM 14.8bRM 2.0b16.5x15.4x2.1x
Sun, 29 Oct 2023RM 30.1bRM 14.8bRM 1.7b17.7x17.5x2x
Tue, 26 Sep 2023RM 30.1bRM 14.8bRM 1.7b18.7x17.4x2x
Thu, 24 Aug 2023RM 30.8bRM 14.7bRM 1.5b18.8x20.1x2.1x
Sat, 22 Jul 2023RM 29.7bRM 14.6bRM 1.6b17.1x18.1x2x
Mon, 19 Jun 2023RM 29.6bRM 14.6bRM 1.6b17.5x18.1x2x
Wed, 17 May 2023RM 29.9bRM 14.5bRM 1.6b16.2x18.5x2.1x
Fri, 14 Apr 2023RM 30.3bRM 14.5bRM 1.6b16.4x18.7x2.1x
Sun, 12 Mar 2023RM 30.3bRM 14.5bRM 1.6b16.5x18.7x2.1x
Tue, 07 Feb 2023RM 30.5bRM 14.7bRM 1.6b19.7x19.3x2.1x
Price to Earnings Ratio

19.3x


Total Market Cap: RM 30.5bTotal 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 16.3x202420252026
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 16.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
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 Market0.44%
Telecom-2.53%
Telecom Services and Carriers-0.38%
Alternative Carriers0.23%
Integrated Telecom Services-0.61%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 11.0%, 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 14.3x.
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 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
REACHTEN Reach Ten Holdings BerhadRM 0.5212.0%
+RM 55.0m		n/aPE7.3x
TIMECOM TIME dotCom BerhadRM 5.970.2%
+RM 18.5m		28.4%PE25.2x
REDTONE REDtone Digital BerhadRM 0.372.8%
+RM 7.7m		-50.0%PE14.3x

Latest News

REACHTEN
RM 0.52
Reach Ten Holdings Berhad
7D
12.0%
1Y
n/a

Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)

Jan 30
Estimating The Intrinsic Value Of Reach Ten Holdings Berhad (KLSE:REACHTEN)
TM
RM 7.90
Telekom Malaysia Berhad
7D
-0.8%
1Y
19.7%

TM: Higher Margins And Lower P/E Assumptions Will Support Fair Value Outlook

Analysts have nudged their price target on Telekom Malaysia Berhad slightly higher to RM7.84 from RM7.83, citing updated assumptions that include a modestly higher profit margin outlook and a lower future P/E multiple in their valuation models. Valuation Changes Fair Value Estimate: Adjusted slightly higher from MYR7.83 to MYR7.84 per share.
TIMECOM
RM 5.97
TIME dotCom Berhad
7D
0.2%
1Y
28.4%

Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today

Jan 20
Here's Why We Think TIME dotCom Berhad (KLSE:TIMECOM) Might Deserve Your Attention Today
SEDANIA
RM 0.09
Sedania Innovator Berhad
7D
-5.3%
1Y
-28.0%
OCK
RM 0.38
OCK Group Berhad
7D
-2.6%
1Y
-11.8%
REDTONE
RM 0.37
REDtone Digital Berhad
7D
2.8%
1Y
-50.0%

REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Dec 18
REDtone Digital Berhad (KLSE:REDTONE) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
BINACOM
RM 0.095
Binasat Communications Berhad
7D
-5.0%
1Y
-47.2%

It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks

Dec 15
It's Down 27% But Binasat Communications Berhad (KLSE:BINACOM) Could Be Riskier Than It Looks