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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies7
  • 7D0.8%
  • 3M11.2%
  • 1Y17.3%
  • YTD15.9%

In the last week, Telecom Services and Carriers has been flat. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025RM 42.4bRM 14.7bRM 2.8b14.3x15.3x2.9x
Mon, 24 Nov 2025RM 38.3bRM 14.6bRM 2.5b17.1x15.3x2.6x
Wed, 22 Oct 2025RM 38.1bRM 14.7bRM 2.5b14.8x15.2x2.6x
Fri, 19 Sep 2025RM 38.1bRM 14.7bRM 2.5b15.3x15.2x2.6x
Sun, 17 Aug 2025RM 38.1bRM 14.8bRM 2.5b12.6x15x2.6x
Tue, 15 Jul 2025RM 37.1bRM 14.8bRM 2.5b13x14.6x2.5x
Thu, 12 Jun 2025RM 36.7bRM 14.8bRM 2.5b12.8x14.4x2.5x
Sat, 10 May 2025RM 38.1bRM 14.8bRM 2.6b13x14.9x2.6x
Mon, 07 Apr 2025RM 35.5bRM 14.6bRM 2.5b12.6x14.2x2.4x
Wed, 05 Mar 2025RM 36.6bRM 14.6bRM 2.5b12.9x14.7x2.5x
Fri, 31 Jan 2025RM 34.7bRM 15.1bRM 2.2b14.3x16.1x2.3x
Sun, 29 Dec 2024RM 35.7bRM 15.1bRM 2.2b15.4x16.6x2.4x
Tue, 26 Nov 2024RM 34.5bRM 15.1bRM 2.3b13.7x15.2x2.3x
Thu, 24 Oct 2024RM 35.6bRM 15.2bRM 2.3b14.2x15.7x2.3x
Sat, 21 Sep 2024RM 36.0bRM 15.2bRM 2.3b14.5x15.8x2.4x
Mon, 19 Aug 2024RM 37.1bRM 15.1bRM 2.3b16.1x15.9x2.5x
Wed, 17 Jul 2024RM 38.4bRM 15.1bRM 2.3b18.4x16.5x2.5x
Fri, 14 Jun 2024RM 36.1bRM 15.1bRM 2.3b16.5x15.5x2.4x
Sun, 12 May 2024RM 35.1bRM 15.0bRM 2.2b18.6x15.8x2.3x
Tue, 09 Apr 2024RM 34.8bRM 15.0bRM 2.2b16.2x15.6x2.3x
Thu, 07 Mar 2024RM 34.2bRM 15.0bRM 2.2b17.8x15.2x2.3x
Sat, 03 Feb 2024RM 34.1bRM 14.8bRM 2.0b17.6x17.1x2.3x
Mon, 01 Jan 2024RM 32.5bRM 14.8bRM 2.0b18.3x16.3x2.2x
Wed, 29 Nov 2023RM 30.7bRM 14.7bRM 2.0b18.4x15.4x2.1x
Fri, 27 Oct 2023RM 30.3bRM 14.8bRM 1.7b17.4x17.5x2.1x
Sun, 24 Sep 2023RM 30.3bRM 14.8bRM 1.7b19.1x17.5x2.1x
Tue, 22 Aug 2023RM 30.4bRM 14.7bRM 1.5b18.2x19.8x2.1x
Thu, 20 Jul 2023RM 29.4bRM 14.6bRM 1.6b17.1x17.9x2x
Sat, 17 Jun 2023RM 29.6bRM 14.6bRM 1.6b17.5x18.1x2x
Mon, 15 May 2023RM 30.6bRM 14.5bRM 1.6b16.1x18.9x2.1x
Wed, 12 Apr 2023RM 30.2bRM 14.5bRM 1.6b16.6x18.6x2.1x
Fri, 10 Mar 2023RM 30.5bRM 14.5bRM 1.6b16.7x18.8x2.1x
Sun, 05 Feb 2023RM 30.5bRM 14.7bRM 1.6b19.7x19.3x2.1x
Tue, 03 Jan 2023RM 30.7bRM 14.7bRM 1.6b20x19.4x2.1x
Price to Earnings Ratio

19.4x


Total Market Cap: RM 30.7bTotal 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 16.4x20242025
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 2.9x.
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 Market0.48%
Telecom-0.92%
Telecom Services and Carriers0.82%
Integrated Telecom Services1.47%
Alternative Carriers-1.12%
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 11.1%, 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 14.4x.
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 8.071.5%
+RM 460.5m		19.6%PE13.9x
REACHTEN Reach Ten Holdings BerhadRM 0.483.2%
+RM 15.0m		n/aPE6.9x

Latest News

TM
RM 8.07
Telekom Malaysia Berhad
7D
1.5%
1Y
19.6%

TM: AI Partnership Will Support Stable Margins And Customer Experience By 2030

Analysts have modestly raised their price target on Telekom Malaysia Berhad by RM0.00, reflecting fine tuned assumptions around a slightly higher discount rate and marginally stronger long term profitability, while keeping the fundamental fair value view intact. Valuation Changes Fair Value: Unchanged at MYR 7.83 per share.
REACHTEN
RM 0.48
Reach Ten Holdings Berhad
7D
3.2%
1Y
n/a
REDTONE
RM 0.37
REDtone Digital Berhad
7D
-2.6%
1Y
-57.0%

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
OCK
RM 0.38
OCK Group Berhad
7D
-2.6%
1Y
-21.1%
TIMECOM
RM 5.50
TIME dotCom Berhad
7D
-1.1%
1Y
19.6%
SEDANIA
RM 0.10
Sedania Innovator Berhad
7D
-4.5%
1Y
-27.6%