Here's Why We Think Singapore Exchange (SGX:S68) Is Well Worth Watching
Nov 23
Singaporean (SGX) Capital Markets Industry Analysis
UpdatedNov 27, 2023
DataAggregated Company Financials
Companies15
- 7D0.1%
- 3M3.5%
- 1Y7.5%
- YTD6.3%
Over the last 7 days, the Capital Markets industry has remained flat, although notably Pegasus Asia gained 6.7%. As for the the longer term, the industry is up 7.5% over the past 12 months. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Nov 2023 | S$19.3b | S$2.6b | S$1.1b | 17.2x | 16.9x | 7.4x |
| Wed, 25 Oct 2023 | S$18.6b | S$2.6b | S$1.1b | 17.1x | 16.3x | 7.1x |
| Fri, 22 Sep 2023 | S$19.2b | S$2.6b | S$1.1b | 17.8x | 16.8x | 7.4x |
| Sun, 20 Aug 2023 | S$18.8b | S$2.6b | S$1.1b | 17.4x | 16.5x | 7.2x |
| Tue, 18 Jul 2023 | S$18.5b | S$2.5b | S$1.0b | 15.5x | 18.3x | 7.4x |
| Thu, 15 Jun 2023 | S$18.5b | S$2.5b | S$1.0b | 11.9x | 18.4x | 7.4x |
| Sat, 13 May 2023 | S$18.1b | S$2.5b | S$1.0b | 15.2x | 18x | 7.3x |
| Mon, 10 Apr 2023 | S$19.0b | S$2.4b | S$1.0b | 15.4x | 18.4x | 7.8x |
| Wed, 08 Mar 2023 | S$18.4b | S$2.5b | S$1.0b | 15.2x | 17.7x | 7.5x |
| Fri, 03 Feb 2023 | S$18.7b | S$2.4b | S$1.1b | 15.5x | 17.1x | 7.7x |
| Sun, 01 Jan 2023 | S$18.5b | S$2.5b | S$1.1b | 14.5x | 16.7x | 7.5x |
| Tue, 29 Nov 2022 | S$18.5b | S$2.5b | S$1.1b | 14.3x | 16.7x | 7.5x |
| Thu, 27 Oct 2022 | S$17.2b | S$2.5b | S$1.1b | 14.1x | 15.4x | 7x |
| Sat, 24 Sep 2022 | S$18.9b | S$2.5b | S$1.1b | 15.7x | 17.4x | 7.5x |
| Mon, 22 Aug 2022 | S$19.5b | S$2.5b | S$1.1b | 15.9x | 18x | 7.7x |
| Wed, 20 Jul 2022 | S$19.2b | S$2.7b | S$1.2b | 8.3x | 16x | 7.2x |
| Fri, 17 Jun 2022 | S$19.0b | S$2.7b | S$1.2b | 8.3x | 15.9x | 7.2x |
| Sun, 15 May 2022 | S$19.4b | S$2.7b | S$1.2b | 8.5x | 16.2x | 7.3x |
| Tue, 12 Apr 2022 | S$17.7b | S$2.3b | S$875.5m | 9.7x | 20.2x | 7.8x |
| Thu, 10 Mar 2022 | S$30.7b | S$3.6b | S$2.0b | 9.5x | 15.7x | 8.6x |
| Sat, 05 Feb 2022 | S$17.2b | S$2.3b | S$901.9m | 14.7x | 19x | 7.6x |
| Mon, 03 Jan 2022 | S$14.1b | S$2.0b | S$709.4m | 13.2x | 19.9x | 6.9x |
| Wed, 01 Dec 2021 | S$13.7b | S$2.0b | S$710.1m | 13x | 19.2x | 6.7x |
| Fri, 29 Oct 2021 | S$14.6b | S$2.0b | S$709.2m | 12.8x | 20.6x | 7.2x |
| Sun, 26 Sep 2021 | S$15.2b | S$2.0b | S$708.1m | 12.4x | 21.4x | 7.5x |
| Tue, 24 Aug 2021 | S$18.1b | S$2.2b | S$900.4m | 14.1x | 20.1x | 8.2x |
| Wed, 30 Jun 2021 | S$19.0b | S$2.2b | S$900.4m | 14.7x | 21.1x | 8.6x |
| Sat, 03 Apr 2021 | S$17.4b | S$2.2b | S$891.0m | 17x | 19.5x | 8.1x |
| Tue, 05 Jan 2021 | S$16.4b | S$2.1b | S$877.6m | 19.9x | 18.6x | 7.8x |
Price to Earnings Ratio
21.3x
Current Industry PE
- Investors are relatively neutral on the Singaporean Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.5x.
- The industry is trading close to its 3-year average PS ratio of 7.7x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 11% 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 Market | -0.50% | |
| Financials | -1.69% | |
| Capital Markets | 0.13% | |
| Investment Banking and Brokerage | 0.19% | |
| Asset Management | 0.12% | |
| Financial Exchanges and Data | 0.10% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 21.9x.
- Analysts are expecting annual earnings growth of 3.5%, which is lower than the prior year's growth of 26.5% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 14.1x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 3.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| S68 Singapore Exchange | S$9.49 | 0.5% +S$53.5m | 3.6% | PE17.8x | |
| U10 UOB-Kay Hian Holdings | S$1.34 | 0.8% +S$9.0m | -3.6% | PE10.1x | |
| PGS Pegasus Asia | S$4.80 | 4.3% +S$7.6m | 10.3% | PB7.1x | |
| CHJ Uni-Asia Group | S$0.93 | 5.7% +S$3.9m | 14.8% | PE3.5x | |
| BLS Hotung Investment Holdings | S$1.53 | 0.7% +S$948.8k | -6.7% | PE16.3x |