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Malaysian (KLSE) Wireless Telecom Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.4%
  • 3M-4.0%
  • 1Y-0.1%
  • YTD-1.4%

In the last week, Wireless Telecom has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the Malaysian Wireless Telecom Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025RM 92.2bRM 45.3bRM 2.9b24.5x31.8x2x
Sun, 23 Nov 2025RM 97.2bRM 45.5bRM 3.8b23.4x25.5x2.1x
Tue, 21 Oct 2025RM 98.1bRM 45.5bRM 3.9b22.6x25.4x2.2x
Thu, 18 Sep 2025RM 97.3bRM 45.5bRM 3.9b22.1x25.2x2.1x
Sat, 16 Aug 2025RM 96.4bRM 45.5bRM 3.8b23.6x25.1x2.1x
Mon, 14 Jul 2025RM 96.8bRM 45.5bRM 3.8b22.5x25.2x2.1x
Wed, 11 Jun 2025RM 91.8bRM 45.5bRM 3.8b19.9x23.9x2x
Fri, 09 May 2025RM 94.4bRM 46.1bRM 3.7b20.8x25.5x2x
Sun, 06 Apr 2025RM 85.8bRM 46.1bRM 3.7b18.3x23.2x1.9x
Tue, 04 Mar 2025RM 88.4bRM 46.1bRM 3.7b19.4x23.9x1.9x
Thu, 30 Jan 2025RM 91.9bRM 46.3bRM 3.9b21x23.5x2x
Sat, 28 Dec 2024RM 93.1bRM 46.3bRM 3.9b22.1x23.9x2x
Mon, 25 Nov 2024RM 90.9bRM 46.6bRM 2.9b24.8x31.3x2x
Wed, 23 Oct 2024RM 94.6bRM 46.4bRM 2.8b26.8x33.3x2x
Fri, 20 Sep 2024RM 99.3bRM 46.4bRM 2.8b28.2x35x2.1x
Sun, 18 Aug 2024RM 93.6bRM 46.1bRM 2.4b26.4x38.9x2x
Tue, 16 Jul 2024RM 94.3bRM 46.1bRM 2.3b26.8x40.3x2x
Thu, 13 Jun 2024RM 99.4bRM 46.1bRM 2.3b27.5x42.4x2.2x
Sat, 11 May 2024RM 102.3bRM 45.4bRM 2.3b31.1x45x2.3x
Mon, 08 Apr 2024RM 102.3bRM 45.4bRM 2.3b32x45x2.3x
Wed, 06 Mar 2024RM 103.3bRM 45.4bRM 2.3b32.2x45.5x2.3x
Fri, 02 Feb 2024RM 104.9bRM 45.4b-RM 1,895,227,606.0032.2x-55.3x2.3x
Sun, 31 Dec 2023RM 100.1bRM 45.4b-RM 1,895,227,606.0034.7x-52.8x2.2x
Tue, 28 Nov 2023RM 101.3bRM 44.9b-RM 3,126,641,148.0027.1x-32.4x2.3x
Thu, 26 Oct 2023RM 103.0bRM 43.3b-RM 3,296,881,148.0032.6x-31.2x2.4x
Sat, 23 Sep 2023RM 107.3bRM 43.3b-RM 3,296,881,148.0032.6x-32.6x2.5x
Mon, 21 Aug 2023RM 106.3bRM 42.5b-RM 2,617,755,148.0039.1x-40.6x2.5x
Wed, 19 Jul 2023RM 105.1bRM 40.9b-RM 2,758,219,424.0042.8x-38.1x2.6x
Fri, 16 Jun 2023RM 107.0bRM 40.9b-RM 2,758,219,424.0043.2x-38.8x2.6x
Sun, 14 May 2023RM 115.0bRM 38.7b-RM 3,226,322,299.0028.7x-35.7x3x
Tue, 11 Apr 2023RM 111.6bRM 38.7b-RM 3,211,767,417.0027.3x-34.7x2.9x
Thu, 09 Mar 2023RM 110.1bRM 38.7b-RM 3,211,767,417.0026.8x-34.3x2.8x
Sat, 04 Feb 2023RM 108.4bRM 43.6bRM 2.1b25.6x52.3x2.5x
Mon, 02 Jan 2023RM 105.6bRM 43.6bRM 2.1b24.4x51x2.4x
Price to Earnings Ratio

51x


Total Market Cap: RM 105.6bTotal Earnings: RM 2.1bTotal Revenue: RM 43.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Wireless Telecom Industry Price to Earnings3Y Average 8.5x20242025
Current Industry PE
  • Investors are optimistic on the Malaysian Wireless Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.8x which is higher than its 3-year average PE of 8.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 12% 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 Market1.61%
Telecom-0.12%
Wireless Telecom-0.44%
Wireless Telecom Services-0.44%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AXIATA Axiata Group BerhadRM 2.590.4%
+RM 91.9m		8.4%PE235.1x
WATTA Watta Holding BerhadRM 0.4512.5%
+RM 4.2m		4.7%PS8.1x

Latest News

NOVATECH
RM 0.04
Nova Technology Services Berhad
7D
-11.1%
1Y
-27.3%

Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%

Dec 23
Nova Technology Services Berhad (KLSE:NOVATECH) Might Not Be As Mispriced As It Looks After Plunging 33%
WATTA
RM 0.45
Watta Holding Berhad
7D
12.5%
1Y
4.7%
CDB
RM 3.25
Celcomdigi Berhad
7D
-1.2%
1Y
-9.5%

CDB: Future Spectrum Capacity And Dividends Will Support Stronger Long Term Share Price

Analysts have slightly lowered their price target for Celcomdigi Berhad, trimming fair value from MYR 3.98 to MYR 3.94 as they factor in modestly softer revenue growth expectations, partly offset by improving profit margin forecasts and a lower implied future P/E multiple. What's in the News Accepted long term spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1800MHz band and 2x20MHz in the 2600MHz band, effective from 30 November 2025 and running to June 2032 and June 2027 respectively (company announcement) Committed MYR 292.5 million in upfront price component payments to the MCMC for the new spectrum and cumulative annual payments totaling MYR 120 million over the assignment periods, supporting network capacity and service quality (company announcement) Declared a third interim tax exempt single tier dividend of 3.6 sen per ordinary share for the financial year ending 31 December 2025, with ex dividend date on 9 December 2025, lodgment date on 10 December 2025, and payment date on 23 December 2025 (company announcement) Valuation Changes Fair Value: Trimmed slightly from MYR 3.98 to MYR 3.94, reflecting a marginally more conservative valuation.
MAXIS
RM 3.85
Maxis Berhad
7D
-1.3%
1Y
6.1%

Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price

Dec 12
Subdued Growth No Barrier To Maxis Berhad's (KLSE:MAXIS) Price
AXIATA
RM 2.59
Axiata Group Berhad
7D
0.4%
1Y
8.4%

AXIATA: Edotco Sale Plans Will Unlock Value Despite Softer Revenue Outlook

Analysts have slightly reduced their price target on Axiata Group Berhad from around RM4.04 to RM3.92, citing lower expected revenue growth even as profitability and valuation assumptions improve. What's in the News Axiata Group Berhad is hosting an Analyst and Investor Day, providing updates on strategy, operational performance, and capital allocation plans (company event).
XOX
RM 0.24
XOX Berhad
7D
-3.9%
1Y
-9.3%