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Singaporean (SGX) Capital Markets Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies11
  • 7D-0.8%
  • 3M4.6%
  • 1Y54.6%
  • YTD43.5%

The Capital Markets industry has been flat over the last week, but iFAST has lost 5.3%. As for the the longer term, the industry is up 55% over the past 12 months. Looking forward, earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

Has the Singaporean Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025S$27.3bS$2.9bS$1.3b11.7x21.4x9.4x
Tue, 07 Oct 2025S$28.6bS$2.9bS$1.3b12.3x22.6x10x
Thu, 04 Sep 2025S$26.7bS$2.8bS$1.2b11.6x21.4x9.6x
Sat, 02 Aug 2025S$25.7bS$2.8bS$1.3b15.8x20.5x9.1x
Mon, 30 Jun 2025S$22.5bS$2.8bS$1.3b13.5x18x8x
Wed, 28 May 2025S$21.4bS$2.8bS$1.2b13.5x17.1x7.6x
Fri, 25 Apr 2025S$22.0bS$2.8bS$1.2b14.3x17.7x7.9x
Sun, 23 Mar 2025S$20.8bS$2.8bS$1.2b14.4x16.7x7.5x
Tue, 18 Feb 2025S$20.2bS$2.7bS$1.1b10.4x18.7x7.4x
Thu, 16 Jan 2025S$18.3bS$2.6bS$1.0b8.6x18x7x
Sat, 14 Dec 2024S$18.8bS$2.6bS$1.0b8.4x18.6x7.2x
Mon, 11 Nov 2024S$17.5bS$2.5bS$1.0b9.6x17.4x6.9x
Wed, 09 Oct 2024S$17.7bS$2.5bS$998.7m9.8x17.7x7.1x
Fri, 06 Sep 2024S$16.7bS$2.5bS$1.0b8.4x16.7x6.7x
Sun, 04 Aug 2024S$15.4bS$2.5bS$1.0b8.8x15.2x6.1x
Tue, 02 Jul 2024S$14.9bS$2.5bS$997.8m9x14.9x6x
Thu, 30 May 2024S$14.9bS$2.5bS$995.9m9.4x15x6x
Sat, 27 Apr 2024S$14.7bS$2.5bS$995.6m9.5x14.8x6x
Mon, 25 Mar 2024S$14.7bS$2.4bS$979.4m8.7x15.1x6x
Wed, 21 Feb 2024S$15.4bS$2.4bS$940.0m17.8x16.3x6.4x
Fri, 19 Jan 2024S$15.6bS$2.4bS$948.0m12.9x16.5x6.6x
Sun, 17 Dec 2023S$19.1bS$2.6bS$1.1b15x16.7x7.3x
Tue, 14 Nov 2023S$19.3bS$2.6bS$1.1b17.1x16.9x7.4x
Thu, 12 Oct 2023S$19.3bS$2.6bS$1.1b17.7x16.9x7.4x
Sat, 09 Sep 2023S$19.0bS$2.6bS$1.1b17.3x16.7x7.3x
Mon, 07 Aug 2023S$19.0bS$2.5bS$1.0b19.3x18.4x7.6x
Wed, 05 Jul 2023S$18.1bS$2.5bS$1.0b12.1x17.9x7.3x
Fri, 02 Jun 2023S$18.0bS$2.5bS$1.0b11.9x17.9x7.3x
Sun, 30 Apr 2023S$18.5bS$2.5bS$1.0b15.5x18.5x7.5x
Tue, 28 Mar 2023S$18.5bS$2.4bS$1.0b15.3x17.9x7.6x
Thu, 23 Feb 2023S$18.3bS$2.5bS$1.1b18.3x15.9x7.4x
Sat, 21 Jan 2023S$18.7bS$2.4bS$1.1b15.4x17.1x7.6x
Mon, 19 Dec 2022S$18.5bS$2.5bS$1.1b14.5x16.7x7.5x
Wed, 16 Nov 2022S$18.4bS$2.5bS$1.1b14.2x16.6x7.5x
Price to Earnings Ratio

16.6x


Total Market Cap: S$18.4bTotal Earnings: S$1.1bTotal Revenue: S$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Capital Markets Industry Price to Earnings3Y Average 17.4x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.4x which is higher than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 7.4x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 4.7% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 industry?

SG Market1.17%
Financials1.46%
Capital Markets-0.79%
Investment Banking and Brokerage2.45%
Financial Exchanges and Data-0.65%
Asset Management-2.27%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 20.6x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 8.4% per year.
  • Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 11.2x.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 6.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 8.4% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 5.8% 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
U10 UOB-Kay Hian HoldingsS$2.512.4%
+S$58.5m		58.9%PE11.7x
42T Trendlines GroupS$0.0623.3%
+S$2.5m		24.0%PB0.9x

Latest News

S68
S$16.82
Singapore Exchange
7D
-0.6%
1Y
46.9%

S68: Profit Margins And Market Flows Expected To Support Stability

Analysts have increased their price target for Singapore Exchange to S$16.45 from S$16.40, citing stronger profit margins and improved equity market flows as key factors supporting the upward revision. Analyst Commentary Bullish Takeaways Bullish analysts point to improved equity market flows as a key factor driving upward revisions in price targets and overall sentiment.
AIY
S$9.18
iFAST
7D
-5.3%
1Y
29.3%

Digital Banking And AI Integration Will Expand Global Reach

Analysts have raised their price target for iFAST from $9.79 to $10.89, citing modest improvements in fair value estimates and profit margin projections. Valuation Changes The Fair Value Estimate has increased slightly from SGD 9.79 to SGD 10.89.
CHJ
S$0.87
Uni-Asia Group
7D
-1.7%
1Y
13.0%
42T
S$0.062
Trendlines Group
7D
3.3%
1Y
24.0%
U10
S$2.51
UOB-Kay Hian Holdings
7D
2.4%
1Y
58.9%
BLS
S$1.43
Hotung Investment Holdings
7D
-1.4%
1Y
10.0%
T55
S$0.26
TIH
7D
-1.9%
1Y
30.1%
5SY
S$0.23
OneApex
7D
-13.2%
1Y
130.0%