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Singaporean (SGX) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies560
  • 7D1.4%
  • 3M-4.2%
  • 1Y-0.3%
  • YTD1.6%

The market is up 1.4% over the last week, with the Industrials sector leading the way, up 3.8%. The market has been flat overall in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Singaporean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022S$700.9bS$529.1bS$47.0b11.9x
Wed, 20 Apr 2022S$721.8bS$524.2bS$45.9b12.1x
Fri, 18 Mar 2022S$713.0bS$525.3bS$45.8b12x
Sun, 13 Feb 2022S$728.2bS$484.7bS$34.5b12.9x
Tue, 11 Jan 2022S$699.2bS$483.2bS$31.4b13.3x
Thu, 09 Dec 2021S$682.5bS$482.3bS$31.7b13x
Sat, 06 Nov 2021S$724.7bS$480.9bS$26.2b13.6x
Mon, 04 Oct 2021S$689.0bS$480.9bS$24.5b13x
Wed, 01 Sep 2021S$685.7bS$481.6bS$24.0b13.6x
Thu, 08 Jul 2021S$692.8bS$481.5bS$24.0b14.2x
Wed, 31 Mar 2021S$718.2bS$458.3bS$16.2b14.5x
Sat, 02 Jan 2021S$654.9bS$435.8bS$10.1b15.5x
Tue, 06 Oct 2020S$574.1bS$448.7bS$17.9b13.4x
Fri, 10 Jul 2020S$586.8bS$460.7bS$25.9b13x
Thu, 02 Apr 2020S$532.7bS$482.3bS$38.4b11.1x
Sun, 05 Jan 2020S$689.1bS$486.6bS$47.4b14.4x
Wed, 09 Oct 2019S$662.6bS$486.7bS$44.3b13.5x
Tue, 02 Jul 2019S$686.9bS$486.3bS$46.0b14.4x
Median PE Ratio

13.4x


Total Market Cap: S$650.9bTotal Earnings: S$46.2bTotal Revenue: S$490.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Median PE3Y Average 13.6x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 13.6x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market1.37%
Industrials3.83%
Energy3.73%
Consumer Staples2.53%
Materials1.94%
Utilities1.55%
Real Estate1.16%
Tech0.89%
Financials0.87%
Healthcare0.79%
Consumer Discretionary0.20%
Telecom-1.71%
Sector PE
  • Investors are most optimistic about the Telecom sector even though it's trading below its 3-year average PE ratio of 19.4x.
  • This is likely because analysts are expecting annual earnings growth of 19% which is higher than its past year's earnings decline of 3.7% per year.
  • Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 54% per year.
  • In contrast, the Healthcare sector is expected to see its earnings decline by 10% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
U11 United Overseas BankS$29.222.6%
+S$1.2b
13.7%PB1.2xFinancials
C6L Singapore AirlinesS$5.486.2%
+S$949.6m
15.6%PS2.1xIndustrials
Y92 Thai BeverageS$0.702.9%
+S$502.4m
0.7%PS17.8xConsumer Staples
9CI CapitaLand InvestmentS$3.872.1%
+S$349.6m
n/aPB1.2xReal Estate
BN4 KeppelS$6.773.2%
+S$325.1m
29.2%PS11.8xIndustrials
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Latest News

E28

S$1.13

Frencken Group

7D

-13.7%

1Y

-34.7%

VC2

S$1.45

Olam Group

7D

-3.3%

1Y

-17.6%

BN4

S$6.77

Keppel

7D

3.2%

1Y

29.2%