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Malaysian (KLSE) Wireless Telecom Services Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies7
  • 7D-2.0%
  • 3M-6.7%
  • 1Y-3.4%
  • YTDn/a

Over the last 7 days, the Wireless Telecom Services industry has dropped 2.0%, driven by declines in Celcomdigi Berhad and Axiata Group Berhad of 1.8% and 2.7%, respectively. On the other hand Nova Technology Services Berhad is actually up 25%. Overall the industry is down 3.9% in 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026RM 90.4bRM 45.3bRM 2.9b24x31.2x2x
Sun, 30 Nov 2025RM 92.0bRM 45.3bRM 2.9b25x31.8x2x
Tue, 28 Oct 2025RM 97.2bRM 45.5bRM 3.9b22.4x25.2x2.1x
Thu, 25 Sep 2025RM 95.7bRM 45.5bRM 3.9b21.7x24.8x2.1x
Sat, 23 Aug 2025RM 95.2bRM 45.5bRM 3.9b22.6x24.3x2.1x
Mon, 21 Jul 2025RM 96.3bRM 45.5bRM 3.8b22.2x25.1x2.1x
Wed, 18 Jun 2025RM 93.0bRM 45.5bRM 3.8b20.3x24.2x2x
Fri, 16 May 2025RM 96.8bRM 46.1bRM 3.7b21.3x26.2x2.1x
Sun, 13 Apr 2025RM 84.1bRM 46.1bRM 3.7b18.5x22.7x1.8x
Tue, 11 Mar 2025RM 84.2bRM 46.1bRM 3.7b18x22.8x1.8x
Thu, 06 Feb 2025RM 92.1bRM 46.3bRM 3.9b21.1x23.6x2x
Sat, 04 Jan 2025RM 94.2bRM 46.3bRM 3.9b22.3x24.1x2x
Mon, 02 Dec 2024RM 90.8bRM 46.3bRM 3.9b21.5x23.3x2x
Wed, 30 Oct 2024RM 92.1bRM 46.4bRM 2.8b26.4x32.4x2x
Fri, 27 Sep 2024RM 98.4bRM 46.4bRM 2.8b27.9x34.7x2.1x
Sun, 25 Aug 2024RM 92.0bRM 46.2bRM 2.5b24.8x36.8x2x
Tue, 23 Jul 2024RM 94.4bRM 46.1bRM 2.3b26.9x40.3x2x
Thu, 20 Jun 2024RM 97.1bRM 46.1bRM 2.3b27.1x41.5x2.1x
Sat, 18 May 2024RM 103.0bRM 45.4bRM 2.3b30.7x45.3x2.3x
Mon, 15 Apr 2024RM 100.3bRM 45.4bRM 2.3b31.6x44.1x2.2x
Wed, 13 Mar 2024RM 106.1bRM 45.4bRM 2.3b33x46.7x2.3x
Fri, 09 Feb 2024RM 104.4bRM 45.4b-RM 1,894,124,448.0032.2x-55.1x2.3x
Sun, 07 Jan 2024RM 103.4bRM 45.4b-RM 1,895,227,606.0032.2x-54.5x2.3x
Tue, 05 Dec 2023RM 102.4bRM 45.4b-RM 1,895,227,606.0027.3x-54x2.3x
Thu, 02 Nov 2023RM 100.8bRM 43.3b-RM 3,296,881,148.0027.1x-30.6x2.3x
Sat, 30 Sep 2023RM 106.0bRM 43.3b-RM 3,296,881,148.0038x-32.2x2.4x
Mon, 28 Aug 2023RM 107.2bRM 42.5b-RM 2,616,021,148.0026x-41x2.5x
Wed, 26 Jul 2023RM 106.4bRM 40.9b-RM 2,758,219,424.0043.2x-38.6x2.6x
Fri, 23 Jun 2023RM 105.7bRM 40.9b-RM 2,758,219,424.0042.9x-38.3x2.6x
Sun, 21 May 2023RM 113.6bRM 38.8b-RM 3,204,322,299.0028.3x-35.5x2.9x
Tue, 18 Apr 2023RM 113.0bRM 38.7b-RM 3,211,767,417.0028.4x-35.2x2.9x
Thu, 16 Mar 2023RM 105.6bRM 38.7b-RM 3,211,767,417.0025.4x-32.9x2.7x
Sat, 11 Feb 2023RM 106.6bRM 43.6bRM 2.1b25.3x51.5x2.4x
Mon, 09 Jan 2023RM 103.5bRM 43.6bRM 2.1b24.1x50x2.4x
Price to Earnings Ratio

50x


Total Market Cap: RM 103.5bTotal Earnings: RM 2.1bTotal Revenue: RM 43.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Wireless Telecom Services Industry Price to Earnings3Y Average 8.4x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Wireless Telecommunication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of 8.4x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecommunication Services 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 Comparison

How does Malaysian Wireless Telecom Services compare with similar industries?

MY Market-0.033%
Telecom-1.04%
Wireless Telecom-1.97%
Wireless Telecom Services-1.97%
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 2.580.4%
+RM 91.9m		7.1%PE234.2x

Latest News

AXIATA
RM 2.58
Axiata Group Berhad
7D
0.4%
1Y
7.1%

Here's Why Axiata Group Berhad (KLSE:AXIATA) Has A Meaningful Debt Burden

Jan 01
Here's Why Axiata Group Berhad (KLSE:AXIATA) Has A Meaningful Debt Burden
MAXIS
RM 3.81
Maxis Berhad
7D
-1.0%
1Y
4.7%

Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate

Dec 31
Maxis Berhad (KLSE:MAXIS) Shares Could Be 42% Below Their Intrinsic Value Estimate
WATTA
RM 0.38
Watta Holding Berhad
7D
-15.6%
1Y
-11.6%
MTOUCHE
RM 0.035
mTouche Technology Berhad
7D
-12.5%
1Y
0%

Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?

Dec 17
Is mTouche Technology Berhad (KLSE:MTOUCHE) Using Debt In A Risky Way?
CDB
RM 3.22
Celcomdigi Berhad
7D
-0.3%
1Y
-13.0%

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.
XOX
RM 0.24
XOX Berhad
7D
-3.9%
1Y
-12.5%