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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies521
  • 7D0.6%
  • 3M-0.3%
  • 1Y-3.3%
  • YTD-3.4%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 3.8% in that time. Unfortunately though, the market is down 4.5% over the past year. Earnings are forecast to grow by 6.4% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024S$635.3bS$544.1bS$47.0b11.4x13.5x1.2x
Thu, 15 Feb 2024S$635.2bS$554.9bS$49.9b12x12.7x1.1x
Sat, 13 Jan 2024S$654.4bS$570.5bS$52.0b12.5x12.6x1.1x
Mon, 11 Dec 2023S$643.4bS$572.2bS$52.3b12.1x12.3x1.1x
Wed, 08 Nov 2023S$659.6bS$573.9bS$52.1b12.3x12.7x1.1x
Fri, 06 Oct 2023S$670.8bS$574.9bS$52.5b12.3x12.8x1.2x
Sun, 03 Sep 2023S$679.2bS$572.7bS$52.4b13.4x13x1.2x
Tue, 01 Aug 2023S$709.6bS$580.0bS$56.3b12.1x12.6x1.2x
Thu, 29 Jun 2023S$685.4bS$579.4bS$56.8b11.8x12.1x1.2x
Sat, 27 May 2023S$684.2bS$579.8bS$56.7b11.4x12.1x1.2x
Mon, 24 Apr 2023S$711.5bS$569.6bS$54.0b11.7x13.2x1.2x
Wed, 22 Mar 2023S$593.3bS$558.3bS$48.1b11x12.3x1.1x
Fri, 17 Feb 2023S$709.7bS$561.0bS$58.2b10.6x12.2x1.3x
Sun, 15 Jan 2023S$706.3bS$558.5bS$58.1b10.2x12.1x1.3x
Tue, 13 Dec 2022S$694.3bS$562.1bS$57.8b10.5x12x1.2x
Thu, 10 Nov 2022S$676.9bS$567.2bS$57.7b10.2x11.7x1.2x
Sat, 08 Oct 2022S$677.4bS$563.1bS$54.8b10.5x12.4x1.2x
Mon, 05 Sep 2022S$701.4bS$559.3bS$54.8b10.7x12.8x1.3x
Wed, 03 Aug 2022S$712.8bS$535.0bS$49.1b11.4x14.5x1.3x
Fri, 01 Jul 2022S$687.5bS$532.6bS$47.7b11.3x14.4x1.3x
Sun, 29 May 2022S$698.6bS$528.8bS$47.2b11.9x14.8x1.3x
Tue, 26 Apr 2022S$724.1bS$525.1bS$46.0b12.2x15.7x1.4x
Thu, 24 Mar 2022S$725.6bS$524.8bS$45.7b12x15.9x1.4x
Sat, 19 Feb 2022S$672.0bS$486.6bS$36.2b13.1x18.6x1.4x
Mon, 17 Jan 2022S$707.3bS$482.4bS$31.4b13.3x22.5x1.5x
Wed, 15 Dec 2021S$680.6bS$484.5bS$31.2b13x21.8x1.4x
Fri, 12 Nov 2021S$724.4bS$483.3bS$27.1b13.5x26.7x1.5x
Sun, 10 Oct 2021S$702.5bS$480.3bS$24.9b13.3x28.2x1.5x
Tue, 07 Sep 2021S$686.3bS$479.9bS$24.4b13.9x28.1x1.4x
Thu, 05 Aug 2021S$699.2bS$481.6bS$24.0b13.7x29.1x1.5x
Sun, 09 May 2021S$733.0bS$458.1bS$16.3b15x45.1x1.6x
Price to Earnings Ratio

44.3x


Total Market Cap: S$718.2bTotal Earnings: S$16.2bTotal Revenue: S$458.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 18.5x202220232024
Current Market PE
  • Investors are pessimistic on the Singaporean market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.5x which is lower than its 3-year average PE of 18.5x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 43% per year over the last three years.
  • Revenues for these companies have grown 5.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market0.55%
Telecom3.92%
Financials2.46%
Utilities0.72%
Consumer Staples-0.27%
Energy-0.79%
Tech-0.99%
Materials-1.06%
Industrials-1.11%
Healthcare-1.12%
Real Estate-1.17%
Consumer Discretionary-1.57%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 24.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 30.2% which is higher than its past year's earnings decline of 41.9% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 2.5% 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
D05 DBS Group HoldingsS$34.903.9%
+S$3.4b
8.3%PB1.5xFinancials
Z74 Singapore TelecommunicationsS$2.494.6%
+S$1.8b
3.8%PE13.1xTelecom
U11 United Overseas BankS$28.942.4%
+S$1.2b
2.6%PB1.1xFinancials
O39 Oversea-Chinese BankingS$13.361.5%
+S$903.0m
10.6%PB1.1xFinancials
F34 Wilmar InternationalS$3.411.2%
+S$249.7m
-16.4%PE10.4xConsumer Staples
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

Z74

S$2.49

Singapore Telecommunications

7D

4.6%

1Y

3.8%

H78

US$3.24

Hongkong Land Holdings

7D

1.9%

1Y

-23.2%

J36

US$39.49

Jardine Matheson Holdings

7D

1.0%

1Y

-14.8%

D05

S$34.90

DBS Group Holdings

7D

3.9%

1Y

8.3%

BS6

S$1.71

Yangzijiang Shipbuilding (Holdings)

7D

-8.6%

1Y

44.9%

O39

S$13.36

Oversea-Chinese Banking

7D

1.5%

1Y

10.6%

S63

S$3.92

Singapore Technologies Engineering

7D

-1.3%

1Y

14.3%

C07

S$24.29

Jardine Cycle & Carriage

7D

1.4%

1Y

-11.2%

G13

S$0.88

Genting Singapore

7D

-2.2%

1Y

-16.2%

N2IU

S$1.26

Mapletree Pan Asia Commercial Trust

7D

-4.5%

1Y

-26.7%

A17U

S$2.66

CapitaLand Ascendas REIT

7D

-2.2%

1Y

-4.0%