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Singaporean (SGX) Capital Markets Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies11
  • 7D2.4%
  • 3M21.5%
  • 1Y56.4%
  • YTD31.8%

Over the last 7 days, the Capital Markets industry has risen 2.4%, driven by gains from Singapore Exchange of 3.4%. This takes the industry's 12 month performance to a gain of 56%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026S$33.5bS$2.9bS$876.8m25.6x38.2x11.5x
Thu, 21 May 2026S$31.1bS$2.9bS$876.7m24.1x35.5x10.7x
Sat, 18 Apr 2026S$31.0bS$2.9bS$868.1m30x35.7x10.8x
Mon, 16 Mar 2026S$27.7bS$3.0bS$935.8m21.4x29.6x9.3x
Wed, 11 Feb 2026S$27.0bS$2.9bS$1.3b19.7x21.3x9.4x
Fri, 09 Jan 2026S$25.6bS$2.8bS$1.3b18.4x20.2x9.1x
Sun, 07 Dec 2025S$25.1bS$2.8bS$1.3b17.7x19.8x8.9x
Tue, 04 Nov 2025S$27.8bS$2.9bS$1.3b11.6x21.8x9.6x
Thu, 02 Oct 2025S$29.2bS$3.0bS$1.3b17.4x21.8x9.6x
Sat, 30 Aug 2025S$26.6bS$2.8bS$1.2b11.1x21.3x9.6x
Mon, 28 Jul 2025S$25.4bS$2.8bS$1.3b16x20.2x9x
Wed, 25 Jun 2025S$21.4bS$2.8bS$1.2b13.3x17.1x7.6x
Fri, 23 May 2025S$21.1bS$2.8bS$1.2b14x16.9x7.5x
Sun, 20 Apr 2025S$21.0bS$2.8bS$1.2b14.4x16.9x7.6x
Tue, 18 Mar 2025S$20.0bS$2.8bS$1.2b14x16.1x7.2x
Thu, 13 Feb 2025S$20.7bS$2.7bS$1.1b10.1x19.3x7.7x
Sat, 11 Jan 2025S$18.5bS$2.6bS$1.0b8.6x18.2x7.1x
Mon, 09 Dec 2024S$19.2bS$2.6bS$1.0b8.4x18.9x7.3x
Wed, 06 Nov 2024S$17.5bS$2.5bS$1.0b9.6x17.4x6.9x
Fri, 04 Oct 2024S$17.7bS$2.5bS$998.8m9.6x17.7x7.1x
Sun, 01 Sep 2024S$16.6bS$2.5bS$1.0b8.4x16.5x6.6x
Tue, 30 Jul 2024S$15.3bS$2.5bS$1.0b8.8x15.2x6.1x
Thu, 27 Jun 2024S$15.0bS$2.5bS$997.8m9x15x6.1x
Sat, 25 May 2024S$14.7bS$2.5bS$995.9m9.5x14.7x5.9x
Mon, 22 Apr 2024S$14.3bS$2.5bS$984.1m9.5x14.6x5.8x
Wed, 20 Mar 2024S$14.7bS$2.4bS$979.3m8.7x15x6x
Fri, 16 Feb 2024S$15.1bS$2.4bS$944.9m16x16x6.3x
Sun, 14 Jan 2024S$16.0bS$2.4bS$947.9m13.3x16.9x6.7x
Tue, 12 Dec 2023S$19.2bS$2.6bS$1.1b16.1x16.8x7.4x
Thu, 09 Nov 2023S$19.3bS$2.6bS$1.1b17.1x16.8x7.4x
Sat, 07 Oct 2023S$19.1bS$2.6bS$1.1b17.8x16.8x7.3x
Mon, 04 Sep 2023S$19.0bS$2.6bS$1.1b17.3x16.7x7.3x
Wed, 02 Aug 2023S$19.0bS$2.5bS$1.0b15.3x18.6x7.6x
Fri, 30 Jun 2023S$18.4bS$2.5bS$1.0b12x18.1x7.4x
Price to Earnings Ratio

18.1x


Total Market Cap: S$18.4bTotal Earnings: S$1.0bTotal Revenue: S$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Capital Markets Industry Price to Earnings3Y Average 19.5x202420252026
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 38.2x which is higher than its 3-year average PE of 19.5x.
  • The 3-year average PS ratio of 7.8x is lower than the industry's current PS ratio of 11.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 4.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

SG Market1.61%
Financials4.08%
Capital Markets2.43%
Financial Exchanges and Data3.40%
Asset Management0.72%
Investment Banking and Brokerage-2.03%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 23.0x.
    • Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings decline of 0.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 9.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
AIY iFASTS$9.253.4%
+S$91.4m		43.2%PE25.8x

Latest News

YF8
S$0.23
Yangzijiang Financial Holding
7D
-4.3%
1Y
-68.3%
S68
S$23.84
Singapore Exchange
7D
-1.4%
1Y
71.5%
Narrative Update • Jun 17

S68: New Regional Bond Futures Will Leave Shares Looking Overvalued

Analysts have lifted their price target for Singapore Exchange from SGD 20.30 to about SGD 21.33, citing updated assumptions around slightly higher revenue growth, profit margins, and a modest adjustment to the discount rate and future P/E expectations. What’s in the News for Singapore Exchange SGX Derivatives plans to launch Asia Pacific Government Bond Futures, with trading scheduled to start on 20 April.
U10
S$3.80
UOB-Kay Hian Holdings
7D
-4.3%
1Y
95.9%
AIY
S$9.25
iFAST
7D
3.4%
1Y
43.2%
Narrative Update • Jun 04

AIY: Share Buybacks And New Payment Capabilities Will Support Bullish Outlook

Analysts maintained their SGD price target for iFAST at around SGD 12.00, making only minor adjustments to input assumptions such as the discount rate and future P/E to reflect updated modelling, rather than any major change in their view of the company. What's in the News iFAST Global Bank rolled out SEPA euro payment capabilities for its Multi-Currency Business Current Account, allowing SMEs and international businesses with European operations to send euro transfers across the Single Euro Payments Area, source: company announcement dated 29 May 2026.
BLS
S$1.65
Hotung Investment Holdings
7D
-1.8%
1Y
23.1%
5HH
S$0.029
Prospera Global
7D
-9.4%
1Y
123.1%
T55
S$0.20
TIH
7D
-2.4%
1Y
-13.0%
CHJ
S$0.91
Uni-Asia Group
7D
-2.7%
1Y
13.1%
42T
S$0.057
Trendlines Group
7D
-5.0%
1Y
90.0%