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Oct 21
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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis
UpdatedOct 27, 2025
DataAggregated Company Financials
Companies7
- 7D0.3%
- 3M3.2%
- 1Y6.1%
- YTD4.0%
Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the the longer term, the industry is up 6.1% over the past 12 months. Looking forward, earnings are forecast to grow by 3.0% annually.
Industry Valuation and Performance
Has the Malaysian Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Oct 2025 | RM 38.1b | RM 14.7b | RM 2.5b | 14.8x | 15.2x | 2.6x |
| Wed, 24 Sep 2025 | RM 38.0b | RM 14.7b | RM 2.5b | 15.5x | 15.1x | 2.6x |
| Fri, 22 Aug 2025 | RM 38.3b | RM 14.8b | RM 2.5b | 12.7x | 15x | 2.6x |
| Sun, 20 Jul 2025 | RM 36.9b | RM 14.8b | RM 2.5b | 12.9x | 14.5x | 2.5x |
| Tue, 17 Jun 2025 | RM 36.7b | RM 14.8b | RM 2.5b | 12.8x | 14.4x | 2.5x |
| Thu, 15 May 2025 | RM 38.3b | RM 14.8b | RM 2.6b | 13.4x | 14.9x | 2.6x |
| Sat, 12 Apr 2025 | RM 35.7b | RM 14.6b | RM 2.5b | 12.7x | 14.3x | 2.4x |
| Mon, 10 Mar 2025 | RM 37.1b | RM 14.6b | RM 2.5b | 13.9x | 14.9x | 2.5x |
| Wed, 05 Feb 2025 | RM 35.2b | RM 15.1b | RM 2.2b | 14.4x | 16.4x | 2.3x |
| Fri, 03 Jan 2025 | RM 36.0b | RM 15.1b | RM 2.2b | 15.4x | 16.7x | 2.4x |
| Sun, 01 Dec 2024 | RM 34.6b | RM 15.1b | RM 2.2b | 14.6x | 16.1x | 2.3x |
| Tue, 29 Oct 2024 | RM 35.2b | RM 15.1b | RM 2.3b | 14.1x | 15.5x | 2.3x |
| Thu, 26 Sep 2024 | RM 35.7b | RM 15.2b | RM 2.3b | 14.2x | 15.7x | 2.4x |
| Sat, 24 Aug 2024 | RM 36.9b | RM 15.2b | RM 2.4b | 13.4x | 15.7x | 2.4x |
| Mon, 22 Jul 2024 | RM 38.7b | RM 15.1b | RM 2.3b | 18.5x | 16.6x | 2.6x |
| Wed, 19 Jun 2024 | RM 37.1b | RM 15.1b | RM 2.3b | 16.7x | 15.9x | 2.5x |
| Fri, 17 May 2024 | RM 35.1b | RM 15.0b | RM 2.2b | 18.3x | 15.8x | 2.3x |
| Sun, 14 Apr 2024 | RM 34.3b | RM 15.0b | RM 2.2b | 16.3x | 15.4x | 2.3x |
| Tue, 12 Mar 2024 | RM 34.4b | RM 15.0b | RM 2.2b | 18.6x | 15.3x | 2.3x |
| Thu, 08 Feb 2024 | RM 33.9b | RM 14.8b | RM 2.0b | 17.8x | 17x | 2.3x |
| Sat, 06 Jan 2024 | RM 33.1b | RM 14.8b | RM 2.0b | 18.9x | 16.6x | 2.2x |
| Mon, 04 Dec 2023 | RM 30.8b | RM 14.8b | RM 2.0b | 16.5x | 15.4x | 2.1x |
| Wed, 01 Nov 2023 | RM 30.4b | RM 14.8b | RM 1.7b | 18.3x | 17.6x | 2.1x |
| Fri, 29 Sep 2023 | RM 30.0b | RM 14.8b | RM 1.7b | 18.4x | 17.3x | 2x |
| Sun, 27 Aug 2023 | RM 30.7b | RM 14.7b | RM 1.7b | 18.5x | 17.8x | 2.1x |
| Tue, 25 Jul 2023 | RM 30.1b | RM 14.6b | RM 1.6b | 17.9x | 18.4x | 2.1x |
| Thu, 22 Jun 2023 | RM 30.2b | RM 14.6b | RM 1.6b | 17x | 18.4x | 2.1x |
| Sat, 20 May 2023 | RM 30.0b | RM 14.5b | RM 1.6b | 17.4x | 18.2x | 2.1x |
| Mon, 17 Apr 2023 | RM 30.5b | RM 14.5b | RM 1.6b | 16.6x | 18.8x | 2.1x |
| Wed, 15 Mar 2023 | RM 29.6b | RM 14.5b | RM 1.6b | 15.9x | 18.3x | 2x |
| Fri, 10 Feb 2023 | RM 30.0b | RM 14.7b | RM 1.6b | 19x | 19x | 2x |
| Sun, 08 Jan 2023 | RM 30.4b | RM 14.7b | RM 1.6b | 19.9x | 19.2x | 2.1x |
| Tue, 06 Dec 2022 | RM 30.7b | RM 14.7b | RM 1.6b | 19.8x | 19.4x | 2.1x |
| Thu, 03 Nov 2022 | RM 30.1b | RM 14.2b | RM 1.6b | 19.4x | 19.3x | 2.1x |
Price to Earnings Ratio
19.3x
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 16.6x.
- 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 | 0.52% | |
| Telecom | -1.24% | |
| Telecom Services and Carriers | 0.26% | |
| Integrated Telecom Services | 1.03% | |
| Alternative Carriers | -2.08% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings decline of 28.0% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 14.7x.
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 28% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TM Telekom Malaysia Berhad | RM 7.26 | 1.5% +RM 422.2m | 11.7% | PE13.9x | |
| REDTONE REDtone Digital Berhad | RM 0.52 | 3.0% +RM 11.6m | -48.0% | PE15x |
