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Singaporean (SGX) Financials Sector Analysis

UpdatedOct 03, 2023
DataAggregated Company Financials
Companies31
  • 7D0.2%
  • 3M4.3%
  • 1Y4.7%
  • YTD-0.8%

The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 4.7% over the past 12 months. Looking forward, earnings are forecast to grow by 3.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Oct 2023S$222.1bS$60.5bS$24.2b10.6x9.2x3.7x
Thu, 31 Aug 2023S$219.5bS$60.5bS$24.2b12.4x9.1x3.6x
Sat, 29 Jul 2023S$228.8bS$57.8bS$22.6b12.3x10.1x4x
Mon, 26 Jun 2023S$213.3bS$57.2bS$22.3b11.6x9.6x3.7x
Wed, 24 May 2023S$212.4bS$57.2bS$22.3b11.5x9.5x3.7x
Fri, 21 Apr 2023S$222.4bS$54.2bS$20.4b11.7x10.9x4.1x
Sun, 19 Mar 2023S$216.6bS$54.2bS$20.5b11.9x10.6x4x
Tue, 14 Feb 2023S$231.0bS$53.9bS$19.3b11.9x12x4.3x
Thu, 12 Jan 2023S$227.2bS$53.1bS$18.7b11.7x12.2x4.3x
Sat, 10 Dec 2022S$223.9bS$53.1bS$18.7b11.9x12x4.2x
Mon, 07 Nov 2022S$219.5bS$53.9bS$19.2b11.7x11.4x4.1x
Wed, 05 Oct 2022S$214.1bS$51.7bS$17.9b11.8x11.9x4.1x
Fri, 02 Sep 2022S$215.4bS$51.8bS$17.9b12x12x4.2x
Sun, 31 Jul 2022S$211.4bS$56.1bS$17.6b11.2x12x3.8x
Tue, 28 Jun 2022S$205.0bS$56.1bS$17.6b11x11.6x3.7x
Thu, 26 May 2022S$211.1bS$56.1bS$17.6b11.1x12x3.8x
Sat, 23 Apr 2022S$223.4bS$56.1bS$17.8b11.4x12.6x4x
Mon, 21 Mar 2022S$242.2bS$57.4bS$19.0b13.2x12.8x4.2x
Wed, 16 Feb 2022S$239.5bS$59.3bS$17.8b14.4x13.5x4x
Fri, 14 Jan 2022S$225.4bS$58.7bS$17.3b13.9x13x3.8x
Sun, 12 Dec 2021S$204.7bS$58.4bS$17.1b13x12x3.5x
Tue, 09 Nov 2021S$212.5bS$58.4bS$17.1b13.3x12.4x3.6x
Thu, 07 Oct 2021S$201.1bS$57.1bS$16.1b13.2x12.5x3.5x
Sat, 04 Sep 2021S$204.1bS$57.3bS$16.3b13.1x12.5x3.6x
Mon, 02 Aug 2021S$210.8bS$57.3bS$16.3b13.3x12.9x3.7x
Thu, 06 May 2021S$207.9bS$54.6bS$14.9b15x13.9x3.8x
Sun, 07 Feb 2021S$180.1bS$51.4bS$12.9b13.9x14x3.5x
Sat, 31 Oct 2020S$148.1bS$50.6bS$13.7b12.1x10.8x2.9x
Price to Earnings Ratio

10.7x


Total Market Cap: S$146.7bTotal Earnings: S$13.7bTotal Revenue: S$50.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 12.1x202120222023
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 9.2x which is lower than its 3-year average PE of 12.1x.
  • 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 21% per year over the last three years.
  • Revenues for these companies have grown 6.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SG Market-0.29%
Financials0.16%
Banks0.28%
Diversified Financial0.21%
Mortgage Finance0%
Mortgage REITs0%
Capital Markets-0.47%
Insurance-0.83%
Consumer Finance-0.83%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 18.7x.
    • Analysts are expecting annual earnings growth of 8.7%, which is higher than its past year's earnings decline of 14.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 8.7% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
O39 Oversea-Chinese BankingS$12.800.3%
+S$168.5m
7.3%PB1.1x
D05 DBS Group HoldingsS$33.530.06%
+S$51.6m
0.4%PB1.5x
S68 Singapore ExchangeS$9.740.3%
+S$32.1m
2.3%PE18.3x
PGS Pegasus AsiaS$4.796.0%
+S$10.3m
n/aPB7.1x
VT1 Vertex Technology AcquisitionS$4.944.7%
+S$9.2m
6.9%PE27.4x
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Latest News

O39

S$12.80

Oversea-Chinese Banking

7D

0.3%

1Y

7.3%

CHJ

S$0.94

Uni-Asia Group

7D

3.9%

1Y

12.6%

G07

S$18.03

Great Eastern Holdings

7D

-0.06%

1Y

-2.2%

HKB

S$12.93

AMTD IDEA Group

7D

0%

1Y

n/a

YF8

S$0.36

Yangzijiang Financial Holding

7D

-1.4%

1Y

-4.0%

S41

S$2.48

Hong Leong Finance

7D

0.8%

1Y

3.3%

BLS

S$1.57

Hotung Investment Holdings

7D

-3.7%

1Y

-3.1%

VT1

S$4.94

Vertex Technology Acquisition

7D

4.7%

1Y

6.9%

42T

S$0.094

Trendlines Group

7D

-1.1%

1Y

13.3%

P15

S$0.28

Pacific Century Regional Developments

7D

-3.4%

1Y

-41.7%

AIY

S$5.71

iFAST

7D

0.4%

1Y

47.5%

PGS

S$4.79

Pegasus Asia

7D

6.0%

1Y

n/a