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Singaporean (SGX) Financials Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies26
  • 7D3.1%
  • 3M6.7%
  • 1Y6.1%
  • YTD6.3%

Over the last 7 days, the Financials industry has risen 3.1%, driven by gains from DBS Group Holdings of 4.8%. This means that the industry has gained 6.1% over the past year. Earnings are forecast to grow by 1.9% annually.

Sector Valuation and Performance

Has the Singaporean Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024S$232.5bS$55.5bS$24.6b9.5x9.4x4.2x
Sat, 24 Feb 2024S$221.6bS$61.9bS$24.9b8.7x8.9x3.6x
Mon, 22 Jan 2024S$214.6bS$61.5bS$24.8b8.7x8.7x3.5x
Wed, 20 Dec 2023S$214.2bS$61.7bS$25.0b9.3x8.6x3.5x
Fri, 17 Nov 2023S$217.7bS$61.7bS$25.0b10x8.7x3.5x
Sun, 15 Oct 2023S$223.4bS$60.5bS$24.2b10.4x9.2x3.7x
Tue, 12 Sep 2023S$220.9bS$60.5bS$24.2b10.4x9.1x3.7x
Thu, 10 Aug 2023S$226.9bS$62.9bS$25.7b12.4x8.8x3.6x
Sat, 08 Jul 2023S$208.8bS$57.2bS$22.3b12.5x9.4x3.6x
Mon, 05 Jun 2023S$209.7bS$57.2bS$22.3b11.2x9.4x3.7x
Wed, 03 May 2023S$218.4bS$54.2bS$20.4b12x10.7x4x
Fri, 31 Mar 2023S$222.4bS$54.2bS$20.5b11.9x10.8x4.1x
Sun, 26 Feb 2023S$225.9bS$54.2bS$20.8b12x10.9x4.2x
Tue, 24 Jan 2023S$225.8bS$53.1bS$18.6b12.2x12.1x4.3x
Thu, 22 Dec 2022S$225.4bS$53.1bS$18.7b11.9x12.1x4.2x
Sat, 19 Nov 2022S$228.9bS$53.9bS$19.2b11.6x11.9x4.2x
Mon, 17 Oct 2022S$210.6bS$51.7bS$17.9b11.6x11.7x4.1x
Wed, 14 Sep 2022S$218.8bS$51.8bS$17.9b12.2x12.2x4.2x
Fri, 12 Aug 2022S$220.0bS$51.9bS$18.0b11.4x12.2x4.2x
Sun, 10 Jul 2022S$204.6bS$56.1bS$17.6b11x11.6x3.6x
Tue, 07 Jun 2022S$213.1bS$56.1bS$17.6b11.4x12.1x3.8x
Thu, 05 May 2022S$226.6bS$56.2bS$17.7b11.9x12.8x4x
Sat, 02 Apr 2022S$232.0bS$56.1bS$17.8b12.4x13x4.1x
Mon, 28 Feb 2022S$224.6bS$56.0bS$17.9b12.5x12.6x4x
Wed, 26 Jan 2022S$225.2bS$58.7bS$17.3b14x13x3.8x
Fri, 24 Dec 2021S$205.5bS$58.4bS$17.1b12.8x12x3.5x
Sun, 21 Nov 2021S$210.3bS$58.4bS$17.1b13.2x12.3x3.6x
Tue, 19 Oct 2021S$204.7bS$57.1bS$16.1b13.3x12.7x3.6x
Thu, 16 Sep 2021S$200.8bS$57.1bS$16.1b13.1x12.5x3.5x
Sat, 14 Aug 2021S$265.0bS$57.3bS$16.3b14.5x16.3x4.6x
Wed, 09 Jun 2021S$208.2bS$54.6bS$14.9b14.7x14x3.8x
Price to Earnings Ratio

13.5x


Total Market Cap: S$200.6bTotal Earnings: S$14.9bTotal Revenue: S$54.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 11.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Singaporean Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.4x which is lower than its 3-year average PE of 11.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 18% 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 Trends

Which industries have driven the changes within the Singaporean Financials sector?

SG Market1.94%
Financials3.11%
Banks3.57%
Diversified Financial1.41%
Consumer Finance0.20%
Mortgage Finance0%
Mortgage REITs0%
Insurance-0.29%
Capital Markets-0.46%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 7.9%, which is lower than the prior year's growth of 62.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 7.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 63% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
D05 DBS Group HoldingsS$36.031.0%
+S$956.6m
7.6%PB1.5x
U11 United Overseas BankS$29.310.3%
+S$150.7m
-1.8%PB1.1x
I49 IFS CapitalS$0.1312.6%
+S$5.3m
-22.4%PE13.7x
S41 Hong Leong FinanceS$2.490.4%
+S$4.5m
0%PE12x
YYN Plato CapitalS$2.3216.0%
+S$3.9m
n/aPE2.4x
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Latest News

S35

S$1.02

Sing Investments & Finance

7D

1.0%

1Y

-6.1%

S41

S$2.49

Hong Leong Finance

7D

0.4%

1Y

0%

YYN

S$2.32

Plato Capital

7D

16.0%

1Y

n/a

42T

S$0.08

Trendlines Group

7D

-3.6%

1Y

-17.5%

G07

S$18.22

Great Eastern Holdings

7D

-0.7%

1Y

4.2%

AIY

S$6.66

iFAST

7D

-2.8%

1Y

34.8%

D05

S$36.03

DBS Group Holdings

7D

1.0%

1Y

7.6%

P15

S$0.32

Pacific Century Regional Developments

7D

-1.5%

1Y

-16.9%

O39

S$13.49

Oversea-Chinese Banking

7D

-1.1%

1Y

8.9%

U13

S$6.02

United Overseas Insurance

7D

0.5%

1Y

-5.9%

T6I

S$0.38

ValueMax Group

7D

-1.3%

1Y

10.1%

BLS

S$1.53

Hotung Investment Holdings

7D

-1.9%

1Y

-9.5%