Narrative Update • Jun 04
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Singaporean (SGX) Asset Management Industry Analysis
UpdatedJun 21, 2026
DataAggregated Company Financials
Companies8
- 7D2.5%
- 3M1.1%
- 1Y-17.3%
- YTDn/a
In the last week, the Asset Management industry is up 2.5%, with iFAST up 4.0%. In the past year, the industry is down 17%. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 21 Jun 2026 | S$3.9b | S$770.4m | -S$12,236,041.45 | 25.4x | -321x | 5.1x |
| Tue, 19 May 2026 | S$3.9b | S$769.6m | -S$12,337,233.53 | 24.1x | -313x | 5x |
| Thu, 16 Apr 2026 | S$4.3b | S$721.3m | -S$20,227,461.76 | 29.1x | -210.2x | 5.9x |
| Sat, 14 Mar 2026 | S$5.0b | S$835.6m | S$45.7m | 21.4x | 110.2x | 6x |
| Mon, 09 Feb 2026 | S$4.5b | S$798.2m | S$407.2m | 15.3x | 10.9x | 5.6x |
| Wed, 07 Jan 2026 | S$4.7b | S$796.2m | S$408.5m | 15.3x | 11.4x | 5.8x |
| Fri, 05 Dec 2025 | S$4.7b | S$796.9m | S$408.3m | 14.9x | 11.5x | 5.9x |
| Sun, 02 Nov 2025 | S$7.0b | S$874.8m | S$416.6m | 11x | 16.7x | 8x |
| Tue, 30 Sep 2025 | S$8.8b | S$998.4m | S$485.3m | 17.1x | 18x | 8.8x |
| Thu, 28 Aug 2025 | S$6.5b | S$822.5m | S$391.2m | 10.9x | 16.7x | 7.9x |
| Sat, 26 Jul 2025 | S$5.9b | S$849.8m | S$371.2m | 15.7x | 15.8x | 6.9x |
| Mon, 23 Jun 2025 | S$4.7b | S$851.8m | S$369.3m | 13.4x | 12.8x | 5.6x |
| Wed, 21 May 2025 | S$4.8b | S$851.7m | S$368.9m | 14.2x | 13x | 5.6x |
| Fri, 18 Apr 2025 | S$4.7b | S$829.7m | S$364.2m | 14.3x | 12.9x | 5.7x |
| Sun, 16 Mar 2025 | S$4.8b | S$828.1m | S$365.3m | 14x | 13.2x | 5.8x |
| Tue, 11 Feb 2025 | S$4.2b | S$800.0m | S$203.3m | 8.5x | 20.7x | 5.3x |
| Thu, 09 Jan 2025 | S$3.9b | S$800.5m | S$203.1m | 7.3x | 19.3x | 4.9x |
| Sat, 07 Dec 2024 | S$4.0b | S$801.6m | S$201.7m | 7x | 20x | 5x |
| Mon, 04 Nov 2024 | S$3.8b | S$724.4m | S$193.8m | 9.5x | 19.8x | 5.3x |
| Wed, 02 Oct 2024 | S$3.9b | S$690.4m | S$186.0m | 9.5x | 20.8x | 5.6x |
| Fri, 30 Aug 2024 | S$3.6b | S$688.9m | S$187.6m | 8.3x | 19.1x | 5.2x |
| Sun, 28 Jul 2024 | S$3.7b | S$756.0m | S$271.8m | 8.8x | 13.5x | 4.9x |
| Tue, 25 Jun 2024 | S$3.7b | S$717.2m | S$259.5m | 9.1x | 14.2x | 5.1x |
| Thu, 23 May 2024 | S$3.5b | S$727.4m | S$257.6m | 9.4x | 13.7x | 4.9x |
| Sat, 20 Apr 2024 | S$3.4b | S$696.0m | S$245.8m | 9.5x | 13.9x | 4.9x |
| Mon, 18 Mar 2024 | S$3.5b | S$695.1m | S$245.7m | 8.9x | 14.1x | 5x |
| Wed, 14 Feb 2024 | S$4.1b | S$686.3m | S$251.4m | 16.1x | 16.3x | 6x |
| Fri, 12 Jan 2024 | S$4.2b | S$694.0m | S$257.5m | 11.3x | 16.3x | 6x |
| Sun, 10 Dec 2023 | S$4.4b | S$695.0m | S$265.2m | 16.6x | 16.6x | 6.3x |
| Tue, 07 Nov 2023 | S$4.2b | S$695.4m | S$265.2m | 16.4x | 15.7x | 6x |
| Thu, 05 Oct 2023 | S$3.9b | S$684.7m | S$259.2m | 17.3x | 15x | 5.7x |
| Sat, 02 Sep 2023 | S$3.9b | S$674.8m | S$258.9m | 16.6x | 15.2x | 5.8x |
| Mon, 31 Jul 2023 | S$3.8b | S$646.4m | S$210.5m | 11x | 18.1x | 5.9x |
| Wed, 28 Jun 2023 | S$3.4b | S$647.8m | S$204.5m | 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 5.1x.
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 Market | 2.64% | |
| Financials | 4.15% | |
| Capital Markets | 5.55% | |
| Asset Management | 2.49% | |
| Financial Exchanges and Data | 6.02% | |
| Investment Banking and Brokerage | 5.61% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIY iFAST | S$9.11 | 4.0% +S$106.6m | 38.9% | PE25.4x | |
| BLS Hotung Investment Holdings | S$1.67 | 3.1% +S$4.7m | 22.8% | PE19.3x | |
| 42T Trendlines Group | S$0.06 | 1.7% +S$1.5m | 100.0% | PE35.3x | |
| CHJ Uni-Asia Group | S$0.93 | 1.6% +S$1.2m | 15.5% | PE61.5x |