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Singaporean (SGX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies523
- 7D2.9%
- 3M1.9%
- 1Y-3.9%
- YTD-0.7%
The market has climbed 2.9% in the last 7 days, lead by the Financials sector with a gain of 3.4%. Longer term the market is actually down 3.9% over the past year. Looking forward, earnings are forecast to grow by 6.7% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Singaporean Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | S$654.0b | S$547.5b | S$46.8b | 11.7x | 14x | 1.2x |
| Mon, 25 Mar 2024 | S$643.6b | S$545.8b | S$47.1b | 11.5x | 13.7x | 1.2x |
| Wed, 21 Feb 2024 | S$652.1b | S$553.9b | S$49.8b | 12.1x | 13.1x | 1.2x |
| Fri, 19 Jan 2024 | S$643.4b | S$572.1b | S$52.0b | 12.3x | 12.4x | 1.1x |
| Sun, 17 Dec 2023 | S$646.3b | S$571.1b | S$52.2b | 12.4x | 12.4x | 1.1x |
| Tue, 14 Nov 2023 | S$640.4b | S$574.9b | S$54.0b | 12.1x | 11.9x | 1.1x |
| Thu, 12 Oct 2023 | S$665.7b | S$573.8b | S$52.4b | 12.4x | 12.7x | 1.2x |
| Sat, 09 Sep 2023 | S$673.4b | S$574.0b | S$52.5b | 12.9x | 12.8x | 1.2x |
| Mon, 07 Aug 2023 | S$693.0b | S$584.1b | S$57.8b | 12.1x | 12x | 1.2x |
| Wed, 05 Jul 2023 | S$683.2b | S$579.2b | S$56.8b | 11.8x | 12x | 1.2x |
| Fri, 02 Jun 2023 | S$675.6b | S$580.1b | S$56.9b | 11.3x | 11.9x | 1.2x |
| Sun, 30 Apr 2023 | S$701.8b | S$569.8b | S$53.7b | 11.6x | 13.1x | 1.2x |
| Tue, 28 Mar 2023 | S$693.4b | S$569.2b | S$54.1b | 11.2x | 12.8x | 1.2x |
| Thu, 23 Feb 2023 | S$706.8b | S$559.9b | S$58.0b | 10.6x | 12.2x | 1.3x |
| Sat, 21 Jan 2023 | S$707.4b | S$559.0b | S$58.1b | 10.6x | 12.2x | 1.3x |
| Mon, 19 Dec 2022 | S$695.4b | S$563.1b | S$57.9b | 10.2x | 12x | 1.2x |
| Wed, 16 Nov 2022 | S$697.7b | S$563.3b | S$57.7b | 10.3x | 12.1x | 1.2x |
| Fri, 14 Oct 2022 | S$654.4b | S$564.2b | S$54.8b | 10.1x | 11.9x | 1.2x |
| Sun, 11 Sep 2022 | S$711.1b | S$559.3b | S$54.7b | 10.8x | 13x | 1.3x |
| Tue, 09 Aug 2022 | S$714.6b | S$542.6b | S$50.5b | 11.4x | 14.2x | 1.3x |
| Thu, 07 Jul 2022 | S$685.8b | S$534.6b | S$47.7b | 11.2x | 14.4x | 1.3x |
| Sat, 04 Jun 2022 | S$700.0b | S$528.9b | S$48.0b | 11.9x | 14.6x | 1.3x |
| Mon, 02 May 2022 | S$729.8b | S$526.5b | S$45.9b | 12.2x | 15.9x | 1.4x |
| Wed, 30 Mar 2022 | S$737.4b | S$524.7b | S$45.7b | 12.2x | 16.1x | 1.4x |
| Fri, 25 Feb 2022 | S$702.8b | S$498.1b | S$36.8b | 12.4x | 19.1x | 1.4x |
| Sun, 23 Jan 2022 | S$708.8b | S$482.1b | S$31.4b | 13.3x | 22.5x | 1.5x |
| Tue, 21 Dec 2021 | S$669.6b | S$484.1b | S$31.2b | 12.8x | 21.5x | 1.4x |
| Thu, 18 Nov 2021 | S$723.9b | S$487.3b | S$30.7b | 13.8x | 23.6x | 1.5x |
| Sat, 16 Oct 2021 | S$716.3b | S$479.8b | S$25.0b | 13.3x | 28.7x | 1.5x |
| Mon, 13 Sep 2021 | S$678.7b | S$479.9b | S$24.4b | 13.7x | 27.8x | 1.4x |
| Wed, 11 Aug 2021 | S$700.9b | S$481.6b | S$24.0b | 13.9x | 29.2x | 1.5x |
| Sun, 06 Jun 2021 | S$723.2b | S$458.0b | S$16.3b | 14.6x | 44.3x | 1.6x |
Price to Earnings Ratio
45.1x
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 14.0x which is lower than its 3-year average PE of 17.6x.
Past Earnings Growth
- The earnings for Singaporean listed companies have grown 42% per year over the last three years.
- Revenues for these companies have grown 6.1% 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 Market | 2.88% | |
| Real Estate | 3.49% | |
| Financials | 3.38% | |
| Industrials | 2.66% | |
| Telecom | 2.41% | |
| Consumer Staples | 2.14% | |
| Utilities | 1.99% | |
| Consumer Discretionary | 1.10% | |
| Tech | 1.09% | |
| Healthcare | 0.95% | |
| Materials | 0.32% | |
| Energy | -0.57% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 15.1% which is higher than its past year's earnings decline of 28.6% per year.
- The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 30% 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 2.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| D05 DBS Group Holdings | S$34.42 | 4.0% +S$3.8b | 15.4% | PB1.6x | Financials | |
| O39 Oversea-Chinese Banking | S$14.27 | 4.2% +S$2.6b | 13.4% | PB1.2x | Financials | |
| C6L Singapore Airlines | S$6.54 | 4.6% +S$1.2b | 11.8% | PE10.1x | Industrials | |
| Z74 Singapore Telecommunications | S$2.41 | 2.6% +S$990.2m | -5.5% | PE12.7x | Telecom | |
| H78 Hongkong Land Holdings | US$3.14 | 11.0% +US$684.1m | -29.1% | PS3.8x | Real Estate |
