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Malaysian (KLSE) Wireless Telecom Services Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies7
  • 7D1.0%
  • 3M-7.4%
  • 1Y-1.2%
  • YTDn/a

The Wireless Telecom Services is pretty flat in the last 7 days, but Axiata Group Berhad has stood out, gaining 5.2%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026RM 91.0bRM 45.3bRM 2.9b24.5x31.4x2x
Sat, 03 Jan 2026RM 91.5bRM 45.3bRM 2.9b24.2x31.6x2x
Mon, 01 Dec 2025RM 92.0bRM 45.3bRM 2.9b25x31.8x2x
Wed, 29 Oct 2025RM 96.7bRM 45.5bRM 3.9b22.2x25.1x2.1x
Fri, 26 Sep 2025RM 96.1bRM 45.5bRM 3.9b22x24.9x2.1x
Sun, 24 Aug 2025RM 95.2bRM 45.5bRM 3.9b22.6x24.3x2.1x
Tue, 22 Jul 2025RM 96.0bRM 45.5bRM 3.8b22.7x25x2.1x
Thu, 19 Jun 2025RM 92.8bRM 45.5bRM 3.8b20.2x24.2x2x
Sat, 17 May 2025RM 96.5bRM 46.1bRM 3.7b21.3x26.1x2.1x
Mon, 14 Apr 2025RM 84.1bRM 46.1bRM 3.7b18.5x22.7x1.8x
Wed, 12 Mar 2025RM 83.9bRM 46.1bRM 3.7b17.8x22.7x1.8x
Fri, 07 Feb 2025RM 93.0bRM 46.3bRM 3.9b21.2x23.8x2x
Sun, 05 Jan 2025RM 94.2bRM 46.3bRM 3.9b22.3x24.1x2x
Tue, 03 Dec 2024RM 91.8bRM 46.3bRM 3.9b21.5x23.5x2x
Thu, 31 Oct 2024RM 89.3bRM 46.4bRM 2.8b25.4x31.5x1.9x
Sat, 28 Sep 2024RM 98.2bRM 46.4bRM 2.8b27.7x34.6x2.1x
Mon, 26 Aug 2024RM 92.0bRM 46.2bRM 2.5b24.8x36.8x2x
Wed, 24 Jul 2024RM 94.8bRM 46.1bRM 2.3b27.1x40.5x2.1x
Fri, 21 Jun 2024RM 95.9bRM 46.1bRM 2.3b27x40.9x2.1x
Sun, 19 May 2024RM 103.0bRM 45.5bRM 2.3b30.7x44.7x2.3x
Tue, 16 Apr 2024RM 98.2bRM 45.4bRM 2.3b30.8x43.2x2.2x
Thu, 14 Mar 2024RM 103.8bRM 45.4bRM 2.3b32.3x45.7x2.3x
Sat, 10 Feb 2024RM 104.6bRM 45.4b-RM 1,894,124,448.0032.2x-55.2x2.3x
Mon, 08 Jan 2024RM 103.4bRM 45.4b-RM 1,895,227,606.0032.2x-54.5x2.3x
Wed, 06 Dec 2023RM 103.0bRM 45.4b-RM 1,895,227,606.0025.8x-54.3x2.3x
Fri, 03 Nov 2023RM 102.4bRM 43.3b-RM 3,296,881,148.0029.9x-31.1x2.4x
Sun, 01 Oct 2023RM 106.0bRM 43.3b-RM 3,296,881,148.0038x-32.2x2.4x
Tue, 29 Aug 2023RM 107.9bRM 42.5b-RM 2,616,021,148.0026.4x-41.2x2.5x
Thu, 27 Jul 2023RM 107.8bRM 40.9b-RM 2,758,219,424.0044x-39.1x2.6x
Sat, 24 Jun 2023RM 106.7bRM 40.9b-RM 2,758,219,424.0042.9x-38.7x2.6x
Mon, 22 May 2023RM 113.6bRM 38.8b-RM 3,204,322,299.0028.3x-35.5x2.9x
Wed, 19 Apr 2023RM 113.9bRM 38.7b-RM 3,211,767,417.0028.5x-35.5x2.9x
Fri, 17 Mar 2023RM 103.9bRM 38.7b-RM 3,211,767,417.0024.8x-32.4x2.7x
Sun, 12 Feb 2023RM 106.6bRM 43.6bRM 2.1b25.3x51.5x2.4x
Price to Earnings Ratio

51.5x


Total Market Cap: RM 106.6bTotal 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 7.8x202420252026
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 31.5x which is higher than its 3-year average PE of 7.8x.
  • 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 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-0.64%
Telecom0.72%
Wireless Telecom1.00%
Wireless Telecom Services1.00%
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 2.344.5%
+RM 918.6m		5.9%PE212.4x
MAXIS Maxis BerhadRM 3.882.4%
+RM 705.2m		9.6%PE20.2x

Latest News

XOX
RM 0.22
XOX Berhad
7D
-2.2%
1Y
-42.9%
MAXIS
RM 3.88
Maxis Berhad
7D
2.4%
1Y
9.6%
CDB
RM 3.20
Celcomdigi Berhad
7D
-1.8%
1Y
-16.2%

CDB: Future Spectrum Assignments And Dividends Will Support Long Term Upside

Analysts have lifted their price target for Celcomdigi Berhad to RM3.94 from RM3.94, citing updated assumptions that include slightly higher projected revenue growth and a marginally lower profit margin while keeping the future P/E broadly unchanged. What's in the News CelcomDigi and its wholly owned subsidiaries accepted spectrum assignments from the Malaysian Communications and Multimedia Commission for 2x5MHz in the 1,800MHz band and 2x20MHz in the 2,600MHz band, effective from 30 November 2025 (Key Developments).
AXIATA
RM 2.34
Axiata Group Berhad
7D
4.5%
1Y
5.9%

AXIATA: Weaker Revenue And Margin Outlook Will Likely Expose Downside Risk

Analysts have trimmed their price targets for Axiata Group Berhad, citing an assumed revenue contraction of about 17% and a slightly lower profit margin near 6.7%, along with a modest adjustment to the anticipated future P/E multiple to around 24.1x. What's in the News Axiata Group Berhad held an Analyst/Investor Day, giving the market a structured forum to hear updated management views and priorities (Key Developments).
NOVATECH
RM 0.035
Nova Technology Services Berhad
7D
-12.5%
1Y
-41.7%

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%