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Malaysian (KLSE) Telecom Services and Carriers Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies7
  • 7D0.03%
  • 3M6.9%
  • 1Y12.9%
  • YTD-1.6%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 9.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026RM 41.4bRM 15.0bRM 2.1b17.8x19.5x2.8x
Thu, 11 Jun 2026RM 40.1bRM 15.0bRM 2.1b17x18.9x2.7x
Sat, 09 May 2026RM 42.2bRM 14.9bRM 2.2b17.1x19.1x2.8x
Mon, 06 Apr 2026RM 40.0bRM 14.9bRM 2.2b15.3x18.1x2.7x
Wed, 04 Mar 2026RM 41.5bRM 14.9bRM 2.2b16.3x18.8x2.8x
Fri, 30 Jan 2026RM 42.4bRM 14.7bRM 2.8b14.1x15.3x2.9x
Sun, 28 Dec 2025RM 42.4bRM 14.7bRM 2.8b14.3x15.3x2.9x
Tue, 25 Nov 2025RM 38.1bRM 14.6bRM 2.5b16.9x15.2x2.6x
Thu, 23 Oct 2025RM 38.2bRM 14.7bRM 2.5b15.3x15.2x2.6x
Sat, 20 Sep 2025RM 38.1bRM 14.7bRM 2.5b15.5x15.2x2.6x
Mon, 18 Aug 2025RM 38.1bRM 14.8bRM 2.5b12.6x15x2.6x
Wed, 16 Jul 2025RM 36.9bRM 14.8bRM 2.5b12.9x14.5x2.5x
Fri, 13 Jun 2025RM 36.7bRM 14.8bRM 2.5b12.8x14.4x2.5x
Sun, 11 May 2025RM 38.1bRM 14.8bRM 2.6b13x14.9x2.6x
Tue, 08 Apr 2025RM 34.4bRM 14.6bRM 2.5b12.1x13.8x2.4x
Thu, 06 Mar 2025RM 36.7bRM 14.6bRM 2.5b13.4x14.7x2.5x
Sat, 01 Feb 2025RM 35.1bRM 15.1bRM 2.2b14.4x16.3x2.3x
Mon, 30 Dec 2024RM 35.7bRM 15.1bRM 2.2b15.4x16.6x2.4x
Wed, 27 Nov 2024RM 34.5bRM 15.1bRM 2.3b13.7x15.2x2.3x
Fri, 25 Oct 2024RM 35.4bRM 15.2bRM 2.3b14.2x15.6x2.3x
Sun, 22 Sep 2024RM 36.0bRM 15.2bRM 2.3b14.5x15.8x2.4x
Tue, 20 Aug 2024RM 37.3bRM 15.1bRM 2.3b16.4x16x2.5x
Thu, 18 Jul 2024RM 38.7bRM 15.1bRM 2.3b18.6x16.6x2.6x
Sat, 15 Jun 2024RM 36.1bRM 15.1bRM 2.3b16.7x15.5x2.4x
Mon, 13 May 2024RM 35.1bRM 15.0bRM 2.2b18.6x15.8x2.3x
Wed, 10 Apr 2024RM 34.7bRM 15.0bRM 2.2b16.3x15.6x2.3x
Fri, 08 Mar 2024RM 34.2bRM 15.0bRM 2.2b17.8x15.2x2.3x
Sun, 04 Feb 2024RM 34.1bRM 14.8bRM 2.0b17.6x17.1x2.3x
Tue, 02 Jan 2024RM 32.5bRM 14.8bRM 2.0b18.3x16.3x2.2x
Thu, 30 Nov 2023RM 30.7bRM 14.7bRM 2.0b17.8x15.4x2.1x
Sat, 28 Oct 2023RM 30.1bRM 14.8bRM 1.7b17.7x17.5x2x
Mon, 25 Sep 2023RM 30.3bRM 14.8bRM 1.7b19.1x17.5x2.1x
Wed, 23 Aug 2023RM 31.0bRM 14.7bRM 1.5b18.5x20.2x2.1x
Fri, 21 Jul 2023RM 29.6bRM 14.6bRM 1.6b16.7x18.1x2x
Price to Earnings Ratio

18.1x


Total Market Cap: RM 29.6bTotal 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 19.5x 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 Market0.59%
Telecom1.70%
Telecom Services and Carriers0.032%
Integrated Telecom Services0.34%
Alternative Carriers-0.77%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 10.8%, 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 11% 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 8.3% 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 7.550.3%
+RM 76.8m		11.9%PE17.7x
REDTONE REDtone Digital BerhadRM 0.301.7%
+RM 3.9m		-45.0%PE70.1x

Latest News

TM
RM 7.55
Telekom Malaysia Berhad
7D
0.3%
1Y
11.9%
Narrative Update • Jul 08

TM: Higher Margin Outlook Will Likely Expose Overstretched P/E Multiple

Analysts have raised their fair value estimate for Telekom Malaysia Berhad from about MYR5.50 to around MYR5.67, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News Telekom Malaysia Berhad announced a first interim single tier dividend of MYR0.065 per share for the financial year ending 31 December 2026, with an ex date on 10 June 2026, an entitlement date on 11 June 2026, and a payment date on 25 June 2026 (Key Developments).
TIMECOM
RM 6.00
TIME dotCom Berhad
7D
-1.5%
1Y
14.3%
REACHTEN
RM 0.40
Reach Ten Holdings Berhad
7D
-4.8%
1Y
-24.5%
REDTONE
RM 0.30
REDtone Digital Berhad
7D
1.7%
1Y
-45.0%
OCK
RM 0.37
OCK Group Berhad
7D
-1.3%
1Y
-14.9%
BINACOM
RM 0.06
Binasat Communications Berhad
7D
-7.7%
1Y
-45.5%