Narrative Update • Jun 22
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Singaporean (SGX) Asset Management Industry Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies8
- 7D0.7%
- 3M3.0%
- 1Y-15.6%
- YTDn/a
Over the last 7 days, the Asset Management industry has remained flat, although notably iFAST gained 3.4%. As for the longer term, the industry has declined 16% in the last year. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | S$4.0b | S$770.5m | -S$12,220,347.57 | 25.6x | -325x | 5.2x |
| Fri, 22 May 2026 | S$3.9b | S$769.7m | -S$12,323,424.70 | 24.3x | -316.1x | 5.1x |
| Sun, 19 Apr 2026 | S$4.3b | S$721.6m | -S$21,395,065.83 | 30x | -202.9x | 6x |
| Tue, 17 Mar 2026 | S$5.0b | S$835.1m | S$45.7m | 21.4x | 110.2x | 6x |
| Thu, 12 Feb 2026 | S$4.5b | S$798.0m | S$407.3m | 15.5x | 11.1x | 5.7x |
| Sat, 10 Jan 2026 | S$4.5b | S$796.4m | S$408.4m | 15.3x | 11.1x | 5.7x |
| Mon, 08 Dec 2025 | S$4.7b | S$796.7m | S$408.2m | 14.8x | 11.4x | 5.9x |
| Wed, 05 Nov 2025 | S$6.9b | S$874.9m | S$416.5m | 11x | 16.7x | 7.9x |
| Fri, 03 Oct 2025 | S$7.2b | S$837.8m | S$407.6m | 12.4x | 17.7x | 8.6x |
| Sun, 31 Aug 2025 | S$6.5b | S$822.4m | S$391.4m | 10.9x | 16.7x | 7.9x |
| Tue, 29 Jul 2025 | S$6.1b | S$876.3m | S$377.2m | 15.9x | 16.1x | 6.9x |
| Thu, 26 Jun 2025 | S$4.8b | S$851.7m | S$369.5m | 13.3x | 12.9x | 5.6x |
| Sat, 24 May 2025 | S$4.7b | S$851.6m | S$369.3m | 14x | 12.8x | 5.6x |
| Mon, 21 Apr 2025 | S$4.7b | S$829.6m | S$364.2m | 14.4x | 12.9x | 5.7x |
| Wed, 19 Mar 2025 | S$4.9b | S$828.0m | S$365.4m | 14.2x | 13.3x | 5.9x |
| Fri, 14 Feb 2025 | S$4.5b | S$821.8m | S$209.5m | 9x | 21.3x | 5.4x |
| Sun, 12 Jan 2025 | S$3.9b | S$800.4m | S$203.1m | 7.5x | 19.2x | 4.9x |
| Tue, 10 Dec 2024 | S$4.0b | S$801.7m | S$201.7m | 7x | 19.9x | 5x |
| Thu, 07 Nov 2024 | S$3.8b | S$724.7m | S$193.7m | 9.7x | 19.8x | 5.3x |
| Sat, 05 Oct 2024 | S$3.9b | S$690.7m | S$185.9m | 9.7x | 21.2x | 5.7x |
| Mon, 02 Sep 2024 | S$3.6b | S$689.0m | S$187.6m | 8.4x | 19.2x | 5.2x |
| Wed, 31 Jul 2024 | S$3.7b | S$756.0m | S$271.8m | 8.8x | 13.5x | 4.8x |
| Fri, 28 Jun 2024 | S$3.7b | S$717.3m | S$259.5m | 9.1x | 14.1x | 5.1x |
| Sun, 26 May 2024 | S$3.5b | S$727.5m | S$257.6m | 9.5x | 13.4x | 4.8x |
| Tue, 23 Apr 2024 | S$3.4b | S$696.0m | S$245.8m | 9.5x | 13.8x | 4.9x |
| Thu, 21 Mar 2024 | S$3.4b | S$695.3m | S$245.7m | 8.4x | 14x | 4.9x |
| Sat, 17 Feb 2024 | S$4.1b | S$686.4m | S$257.5m | 16.3x | 15.7x | 5.9x |
| Mon, 15 Jan 2024 | S$4.2b | S$694.2m | S$257.5m | 11.3x | 16.5x | 6.1x |
| Wed, 13 Dec 2023 | S$4.3b | S$694.8m | S$265.1m | 13.3x | 16.4x | 6.3x |
| Fri, 10 Nov 2023 | S$4.2b | S$696.1m | S$265.3m | 15.9x | 16x | 6.1x |
| Sun, 08 Oct 2023 | S$3.9b | S$684.1m | S$259.1m | 17.3x | 15.1x | 5.7x |
| Tue, 05 Sep 2023 | S$3.9b | S$674.7m | S$258.9m | 16.6x | 14.9x | 5.7x |
| Thu, 03 Aug 2023 | S$3.8b | S$647.5m | S$210.8m | 11x | 18.2x | 5.9x |
| Sat, 01 Jul 2023 | S$3.4b | S$648.4m | S$204.7m | 10.2x | 16.6x | 5.2x |
Price to Earnings Ratio
16.6x
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 5.2x.
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 Market | 1.61% | |
| Financials | 4.08% | |
| Capital Markets | 2.43% | |
| Asset Management | 0.72% | |
| Financial Exchanges and Data | 3.40% | |
| Investment Banking and Brokerage | -2.03% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIY iFAST | S$9.25 | 3.4% +S$91.4m | 43.2% | PE25.8x |