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Singaporean (SGX) Asset Management Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies8
  • 7D2.5%
  • 3M1.1%
  • 1Y-17.3%
  • YTDn/a

In the last week, the Asset Management industry is up 3.4%, with iFAST up 4.0%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Singaporean Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026S$3.9bS$770.4m-S$12,234,524.3025.4x-321.1x5.1x
Mon, 18 May 2026S$3.9bS$769.7m-S$12,318,324.7324.1x-314.5x5x
Wed, 15 Apr 2026S$4.2bS$721.3m-S$20,216,409.7429.1x-210.2x5.9x
Fri, 13 Mar 2026S$5.1bS$835.4mS$45.7m21.6x110.8x6.1x
Sun, 08 Feb 2026S$4.5bS$798.2mS$407.2m15.3x10.9x5.6x
Tue, 06 Jan 2026S$4.6bS$796.4mS$408.4m15.4x11.3x5.8x
Thu, 04 Dec 2025S$4.7bS$796.9mS$408.3m14.9x11.5x5.9x
Sat, 01 Nov 2025S$7.0bS$874.8mS$416.6m11x16.7x8x
Mon, 29 Sep 2025S$8.7bS$998.4mS$485.3m16.8x18x8.7x
Wed, 27 Aug 2025S$6.6bS$822.4mS$391.4m11x16.8x8x
Fri, 25 Jul 2025S$6.0bS$849.8mS$371.3m15.7x16.2x7.1x
Sun, 22 Jun 2025S$4.7bS$851.7mS$369.3m13.4x12.8x5.6x
Tue, 20 May 2025S$4.8bS$851.7mS$369.0m14.1x12.9x5.6x
Thu, 17 Apr 2025S$4.7bS$829.7mS$364.1m14.3x12.9x5.7x
Sat, 15 Mar 2025S$4.8bS$828.1mS$365.3m14x13.2x5.8x
Mon, 10 Feb 2025S$4.2bS$800.0mS$203.3m8.5x20.6x5.2x
Wed, 08 Jan 2025S$3.9bS$800.3mS$203.2m7.3x19.3x4.9x
Fri, 06 Dec 2024S$4.0bS$801.6mS$201.7m7x19.9x5x
Sun, 03 Nov 2024S$3.8bS$724.4mS$193.8m9.5x19.8x5.3x
Tue, 01 Oct 2024S$3.9bS$690.3mS$186.1m9.6x20.8x5.6x
Thu, 29 Aug 2024S$3.6bS$688.9mS$187.6m8.3x19.1x5.2x
Sat, 27 Jul 2024S$3.7bS$756.0mS$271.8m8.8x13.5x4.9x
Mon, 24 Jun 2024S$3.7bS$717.3mS$259.5m9.1x14.3x5.2x
Wed, 22 May 2024S$3.5bS$727.3mS$257.6m9.4x13.7x4.9x
Fri, 19 Apr 2024S$3.4bS$696.0mS$245.8m9.5x13.9x4.9x
Sun, 17 Mar 2024S$3.5bS$695.1mS$245.7m8.9x14.1x5x
Tue, 13 Feb 2024S$4.1bS$686.3mS$251.3m16.1x16.1x5.9x
Thu, 11 Jan 2024S$4.2bS$694.1mS$257.5m11.1x16.3x6x
Sat, 09 Dec 2023S$4.4bS$694.7mS$265.1m16.6x16.6x6.3x
Mon, 06 Nov 2023S$4.1bS$695.7mS$265.3m16x15.5x5.9x
Wed, 04 Oct 2023S$3.9bS$684.8mS$259.2m16.6x15x5.7x
Fri, 01 Sep 2023S$3.9bS$674.5mS$258.8m16.7x15.2x5.8x
Sun, 30 Jul 2023S$3.8bS$646.4mS$210.5m11x18.1x5.9x
Tue, 27 Jun 2023S$3.3bS$648.2mS$204.6m10.2x16.3x5.1x
Price to Earnings Ratio

16.3x


Total Market Cap: S$3.3bTotal Earnings: S$204.6mTotal Revenue: S$648.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Asset Management Industry Price to Earnings3Y Average -9x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Asset Management and Custody Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • Total earnings for the Asset Management and Custody Banks industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 5.9% 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 Comparison

How does Singaporean Asset Management compare with similar industries?

SG Market2.64%
Financials4.15%
Capital Markets5.55%
Asset Management2.49%
Financial Exchanges and Data6.02%
Investment Banking and Brokerage5.61%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
AIY iFASTS$9.114.0%
+S$106.6m		38.9%PE25.4x
BLS Hotung Investment HoldingsS$1.673.1%
+S$4.7m		22.8%PE19.3x
42T Trendlines GroupS$0.061.7%
+S$1.5m		100.0%PE35.3x
CHJ Uni-Asia GroupS$0.931.6%
+S$1.2m		15.5%PE61.5x

Latest News

AIY
S$9.11
iFAST
7D
4.0%
1Y
38.9%
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$1.67
Hotung Investment Holdings
7D
3.1%
1Y
22.8%
T55
S$0.20
TIH
7D
-2.4%
1Y
-13.0%
CHJ
S$0.93
Uni-Asia Group
7D
1.6%
1Y
15.5%
YF8
S$0.22
Yangzijiang Financial Holding
7D
-2.2%
1Y
-68.6%
42T
S$0.06
Trendlines Group
7D
1.7%
1Y
100.0%