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Singaporean (SGX) Capital Markets Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.4%
  • 3M15.6%
  • 1Y40.1%
  • YTD19.7%

Over the last 7 days, the Capital Markets industry has dropped 2.4%, driven by a pullback from Singapore Exchange of 3.6%. Over the past 12 months, the industry was up 40%. As for the next few years, earnings are expected to grow by 9.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026S$30.4bS$2.9bS$877.1m24.5x34.7x10.4x
Mon, 06 Apr 2026S$28.7bS$2.9bS$869.3m27x33x10x
Wed, 04 Mar 2026S$26.7bS$2.9bS$865.8m27.4x30.8x9.2x
Fri, 30 Jan 2026S$26.8bS$2.8bS$1.3b19.6x21.2x9.5x
Sun, 28 Dec 2025S$25.5bS$2.8bS$1.3b18.5x20.1x9x
Tue, 25 Nov 2025S$24.8bS$2.9bS$1.3b11.3x19.4x8.5x
Thu, 23 Oct 2025S$27.6bS$2.9bS$1.3b11.2x21.8x9.6x
Sat, 20 Sep 2025S$27.8bS$2.8bS$1.2b12.5x22.2x9.7x
Mon, 18 Aug 2025S$26.4bS$2.8bS$1.2b11x21.1x9.3x
Wed, 16 Jul 2025S$24.4bS$2.8bS$1.3b14.4x19.5x8.7x
Fri, 13 Jun 2025S$21.5bS$2.8bS$1.3b13.4x17.2x7.7x
Sun, 11 May 2025S$21.6bS$2.8bS$1.3b13.7x17.3x7.7x
Tue, 08 Apr 2025S$18.7bS$2.8bS$1.2b13.5x15x6.7x
Thu, 06 Mar 2025S$20.7bS$2.8bS$1.2b13.7x16.6x7.4x
Sat, 01 Feb 2025S$18.9bS$2.6bS$1.0b9.4x18.6x7.2x
Mon, 30 Dec 2024S$18.8bS$2.6bS$1.0b8.5x18.5x7.2x
Wed, 27 Nov 2024S$18.9bS$2.5bS$1.0b9.7x18.8x7.5x
Fri, 25 Oct 2024S$17.9bS$2.5bS$998.5m9.7x18x7.2x
Sun, 22 Sep 2024S$17.1bS$2.5bS$998.9m8.3x17.1x6.8x
Tue, 20 Aug 2024S$16.0bS$2.5bS$1.0b8.3x16x6.4x
Thu, 18 Jul 2024S$15.4bS$2.5bS$997.7m9x15.4x6.2x
Sat, 15 Jun 2024S$15.0bS$2.5bS$997.8m9.2x15.1x6.1x
Mon, 13 May 2024S$14.7bS$2.5bS$995.9m9.6x14.8x5.9x
Wed, 10 Apr 2024S$14.6bS$2.4bS$979.3m9.6x14.9x6x
Fri, 08 Mar 2024S$14.8bS$2.5bS$979.3m9.2x15.1x6x
Sun, 04 Feb 2024S$15.5bS$2.4bS$944.5m13x16.4x6.4x
Tue, 02 Jan 2024S$19.6bS$2.6bS$1.1b16.1x17.2x7.5x
Thu, 30 Nov 2023S$19.4bS$2.6bS$1.1b17.1x17x7.4x
Sat, 28 Oct 2023S$18.7bS$2.6bS$1.1b17.1x16.3x7.1x
Mon, 25 Sep 2023S$19.2bS$2.6bS$1.1b17.8x16.8x7.4x
Wed, 23 Aug 2023S$18.8bS$2.6bS$1.1b17.2x16.5x7.2x
Fri, 21 Jul 2023S$18.5bS$2.5bS$1.0b15.4x18.3x7.5x
Sun, 18 Jun 2023S$18.4bS$2.5bS$1.0b11.8x18.2x7.4x
Tue, 16 May 2023S$18.2bS$2.5bS$1.0b15.1x18.1x7.3x
Price to Earnings Ratio

18.1x


Total Market Cap: S$18.2bTotal Earnings: S$1.0bTotal Revenue: S$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Capital Markets Industry Price to Earnings3Y Average 18.7x202420252026
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 34.7x which is higher than its 3-year average PE of 18.7x.
  • The 3-year average PS ratio of 7.7x is lower than the industry's current PS ratio of 10.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.6% 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 Market0.51%
Financials0.19%
Capital Markets-2.36%
Investment Banking and Brokerage3.17%
Asset Management-0.44%
Financial Exchanges and Data-3.64%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 8.6%, 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 8.6% 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$4.203.2%
+S$126.6m		151.5%PE17.1x
BLS Hotung Investment HoldingsS$1.679.9%
+S$14.2m		20.1%PE19.6x
AIY iFASTS$8.760.3%
+S$9.1m		38.6%PE24.5x

Latest News

U10
S$4.20
UOB-Kay Hian Holdings
7D
3.2%
1Y
151.5%
S68
S$20.91
Singapore Exchange
7D
-3.6%
1Y
45.2%
Narrative Update • May 05

S68: New Bond Futures And Buybacks Will Support Balanced Returns Ahead

Analysts have raised the SGD fair value estimate for Singapore Exchange to about SGD20.30 from around SGD19.96, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E, which together support a slightly higher price target. What's in the News SGX Derivatives plans to launch Asia Pacific Government Bond Futures on 20 April, giving investors a way to manage sovereign interest rate risk across India, Indonesia, Malaysia, Thailand and the Philippines through exchange listed contracts settled in US$, with 3-year, 5-year and 10-year maturities based on FTSE Russell’s Asia Pacific Liquid Government Bond Index Series (Key Developments).
AIY
S$8.76
iFAST
7D
0.3%
1Y
38.6%
T55
S$0.20
TIH
7D
-6.8%
1Y
-2.4%
CHJ
S$0.89
Uni-Asia Group
7D
-3.3%
1Y
14.1%
BLS
S$1.67
Hotung Investment Holdings
7D
9.9%
1Y
20.1%
YF8
S$0.25
Yangzijiang Financial Holding
7D
-3.8%
1Y
-64.3%