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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.5%
  • 3M-2.8%
  • 1Y16.3%
  • YTD-3.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.5%, driven by a pullback from TIME dotCom Berhad of 0.5%. In the past year, the industry has gained 16%. 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
Tue, 17 Mar 2026RM 40.7bRM 14.9bRM 2.2b16.1x18.4x2.7x
Thu, 12 Feb 2026RM 43.1bRM 14.7bRM 2.8b13.8x15.6x2.9x
Sat, 10 Jan 2026RM 42.0bRM 14.7bRM 2.8b14.6x15.2x2.9x
Mon, 08 Dec 2025RM 41.5bRM 14.7bRM 2.8b15.7x15x2.8x
Wed, 05 Nov 2025RM 38.4bRM 14.7bRM 2.5b14.8x15.3x2.6x
Fri, 03 Oct 2025RM 38.2bRM 14.7bRM 2.5b15.1x15.2x2.6x
Sun, 31 Aug 2025RM 37.9bRM 14.8bRM 2.5b13.5x15.1x2.6x
Tue, 29 Jul 2025RM 36.9bRM 14.8bRM 2.5b13x14.5x2.5x
Thu, 26 Jun 2025RM 36.4bRM 14.8bRM 2.5b12.7x14.3x2.5x
Sat, 24 May 2025RM 37.4bRM 14.7bRM 2.6b12.9x14.6x2.5x
Mon, 21 Apr 2025RM 36.3bRM 14.6bRM 2.5b13.2x14.6x2.5x
Wed, 19 Mar 2025RM 35.3bRM 14.6bRM 2.5b12.8x14.1x2.4x
Fri, 14 Feb 2025RM 36.1bRM 15.1bRM 2.2b14.6x16.8x2.4x
Sun, 12 Jan 2025RM 34.8bRM 15.1bRM 2.2b14.9x16.2x2.3x
Tue, 10 Dec 2024RM 35.6bRM 15.1bRM 2.2b15.4x16.5x2.4x
Thu, 07 Nov 2024RM 35.9bRM 15.1bRM 2.3b14.5x15.8x2.4x
Sat, 05 Oct 2024RM 34.7bRM 15.2bRM 2.3b13.8x15.3x2.3x
Mon, 02 Sep 2024RM 36.8bRM 15.1bRM 2.3b14.5x16.1x2.4x
Wed, 31 Jul 2024RM 38.0bRM 15.1bRM 2.3b17.7x16.3x2.5x
Fri, 28 Jun 2024RM 36.8bRM 15.1bRM 2.3b16.1x15.8x2.4x
Sun, 26 May 2024RM 36.1bRM 15.0bRM 2.2b18.6x16.2x2.4x
Tue, 23 Apr 2024RM 34.2bRM 15.0bRM 2.2b15.7x15.4x2.3x
Thu, 21 Mar 2024RM 34.1bRM 15.0bRM 2.2b18.9x15.2x2.3x
Sat, 17 Feb 2024RM 34.1bRM 14.8bRM 2.0b19.4x17.1x2.3x
Mon, 15 Jan 2024RM 33.7bRM 14.8bRM 2.0b18.8x16.9x2.3x
Wed, 13 Dec 2023RM 31.0bRM 14.8bRM 2.0b16.5x15.5x2.1x
Fri, 10 Nov 2023RM 30.7bRM 14.8bRM 1.7b21x17.8x2.1x
Sun, 08 Oct 2023RM 30.3bRM 14.8bRM 1.7b17.5x17.6x2.1x
Tue, 05 Sep 2023RM 31.1bRM 14.8bRM 1.7b19.9x18x2.1x
Thu, 03 Aug 2023RM 30.4bRM 14.6bRM 1.6b17.6x18.6x2.1x
Sat, 01 Jul 2023RM 29.5bRM 14.6bRM 1.6b16.6x18x2x
Mon, 29 May 2023RM 30.3bRM 14.6bRM 1.6b17.1x18.5x2.1x
Wed, 26 Apr 2023RM 30.1bRM 14.5bRM 1.6b15.8x18.5x2.1x
Fri, 24 Mar 2023RM 29.2bRM 14.5bRM 1.6b15.6x18x2x
Price to Earnings Ratio

18x


Total Market Cap: RM 29.2bTotal 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 16.2x202420252026
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 18.4x 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 2.7x.
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 Market-1.08%
Telecom-1.13%
Telecom Services and Carriers-1.49%
Integrated Telecom Services-1.27%
Alternative Carriers-2.04%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 9.1%, 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 9.1% 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 6.0% 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 7.430.1%
+RM 38.4m		12.6%PE16.6x
BINACOM Binasat Communications BerhadRM 0.086.7%
+RM 3.0m		-52.9%PS0.4x

Latest News

TM
RM 7.43
Telekom Malaysia Berhad
7D
0.1%
1Y
12.6%

Rising Capital Intensity And Data Center Risks Will Pressure Long Term Earnings

Catalysts About Telekom Malaysia Berhad Telekom Malaysia Berhad is an integrated telecommunications group that provides fixed broadband, mobile, data, wholesale connectivity and data center services across consumer, business, government and carrier segments. What are the underlying business or industry changes driving this perspective?
TIMECOM
RM 6.09
TIME dotCom Berhad
7D
-0.5%
1Y
25.6%
REACHTEN
RM 0.47
Reach Ten Holdings Berhad
7D
-3.1%
1Y
n/a
REDTONE
RM 0.31
REDtone Digital Berhad
7D
-3.1%
1Y
-48.3%
BINACOM
RM 0.08
Binasat Communications Berhad
7D
6.7%
1Y
-52.9%

Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Feb 08
Binasat Communications Berhad (KLSE:BINACOM) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny