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Singaporean (SGX) Capital Markets Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.4%
  • 3M18.4%
  • 1Y46.0%
  • YTD31.4%

Over the last 7 days, the Capital Markets industry has remained flat, although notably UOB-Kay Hian Holdings declined by 5.4%. As for the the longer term, the industry is up 48% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Jun 2026S$33.4bS$2.9bS$876.8m25x38.1x11.4x
Thu, 28 May 2026S$31.1bS$2.9bS$876.7m25.3x35.5x10.7x
Sat, 25 Apr 2026S$31.1bS$2.9bS$868.2m27.4x35.8x10.8x
Mon, 23 Mar 2026S$27.6bS$2.9bS$868.6m26.8x31.8x9.6x
Wed, 18 Feb 2026S$26.9bS$2.9bS$1.3b20.3x21.2x9.3x
Fri, 16 Jan 2026S$26.3bS$2.8bS$1.3b18.8x20.8x9.3x
Sun, 14 Dec 2025S$25.4bS$2.8bS$1.3b17.8x20x9x
Tue, 11 Nov 2025S$25.5bS$2.9bS$1.3b11.7x20x8.8x
Thu, 09 Oct 2025S$28.8bS$2.9bS$1.3b12.4x22.7x10x
Sat, 06 Sep 2025S$26.6bS$2.8bS$1.2b12.4x21.3x9.6x
Mon, 04 Aug 2025S$25.7bS$2.8bS$1.3b15.8x20.5x9.1x
Wed, 02 Jul 2025S$22.8bS$2.8bS$1.3b13.8x18.3x8.1x
Fri, 30 May 2025S$21.7bS$2.8bS$1.2b13.2x17.4x7.7x
Sun, 27 Apr 2025S$22.0bS$2.8bS$1.2b14.2x17.6x7.8x
Tue, 25 Mar 2025S$20.7bS$2.8bS$1.2b14.6x16.6x7.4x
Thu, 20 Feb 2025S$20.0bS$2.7bS$1.1b12.6x18.3x7.3x
Sat, 18 Jan 2025S$18.5bS$2.6bS$1.0b8.6x18.2x7.1x
Mon, 16 Dec 2024S$18.8bS$2.6bS$1.0b8.4x18.5x7.2x
Wed, 13 Nov 2024S$17.7bS$2.5bS$1.0b9.5x17.5x7x
Fri, 11 Oct 2024S$18.0bS$2.5bS$998.7m9.8x18x7.2x
Sun, 08 Sep 2024S$16.6bS$2.5bS$1.0b8.4x16.6x6.6x
Tue, 06 Aug 2024S$15.2bS$2.5bS$1.0b8.5x15.1x6.1x
Thu, 04 Jul 2024S$15.2bS$2.5bS$997.8m9.1x15.2x6.2x
Sat, 01 Jun 2024S$14.9bS$2.5bS$995.9m9.4x14.9x6x
Mon, 29 Apr 2024S$14.7bS$2.5bS$995.6m9.4x14.8x5.9x
Wed, 27 Mar 2024S$14.7bS$2.4bS$979.3m8.7x15x6x
Fri, 23 Feb 2024S$15.5bS$2.4bS$937.4m14.1x16.6x6.6x
Sun, 21 Jan 2024S$15.7bS$2.4bS$948.0m13x16.6x6.6x
Tue, 19 Dec 2023S$19.0bS$2.6bS$1.1b16.4x16.8x7.3x
Thu, 16 Nov 2023S$19.4bS$2.6bS$1.1b17x16.9x7.4x
Sat, 14 Oct 2023S$19.2bS$2.6bS$1.1b17.5x16.8x7.4x
Mon, 11 Sep 2023S$19.0bS$2.6bS$1.1b17.3x16.7x7.3x
Wed, 09 Aug 2023S$19.1bS$2.5bS$1.0b18x18.3x7.6x
Fri, 07 Jul 2023S$18.0bS$2.5bS$1.0b13x17.8x7.3x
Price to Earnings Ratio

17.8x


Total Market Cap: S$18.0bTotal Earnings: S$1.0bTotal Revenue: S$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Capital Markets Industry Price to Earnings3Y Average 19.6x202420252026
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 37.9x which is higher than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 7.8x is lower than the industry's current PS ratio of 11.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 4.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% 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 Market-0.27%
Financials-0.15%
Capital Markets-0.36%
Financial Exchanges and Data0.79%
Asset Management-2.89%
Investment Banking and Brokerage-5.43%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 9.7%, 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 9.7% 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
S68 Singapore ExchangeS$24.230.8%
+S$199.0m		62.8%PE39.8x
T55 TIHS$0.202.5%
+S$1.2m		-12.8%PE5x

Latest News

5HH
S$0.028
Prospera Global
7D
-9.7%
1Y
133.3%
AIY
S$8.96
iFAST
7D
-2.1%
1Y
35.8%
Narrative Update • Jun 22

AIY: Share Buybacks And New Payment Features Will Support Bullish Outlook

Analysts maintained their SGD fair value estimate for iFAST at SGD 11.97, implementing only minor adjustments to underlying inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for iFAST iFAST Corporation Ltd.
YF8
S$0.21
Yangzijiang Financial Holding
7D
-6.5%
1Y
-70.9%
S68
S$24.23
Singapore Exchange
7D
0.8%
1Y
62.8%
Narrative Update • Jun 17

S68: New Regional Bond Futures Will Leave Shares Looking Overvalued

Analysts have lifted their price target for Singapore Exchange from SGD 20.30 to about SGD 21.33, citing updated assumptions around slightly higher revenue growth, profit margins, and a modest adjustment to the discount rate and future P/E expectations. What’s in the News for Singapore Exchange SGX Derivatives plans to launch Asia Pacific Government Bond Futures, with trading scheduled to start on 20 April.
U10
S$3.66
UOB-Kay Hian Holdings
7D
-5.4%
1Y
75.1%
BLS
S$1.63
Hotung Investment Holdings
7D
-2.4%
1Y
21.6%
T55
S$0.20
TIH
7D
2.5%
1Y
-12.8%
CHJ
S$0.92
Uni-Asia Group
7D
-1.1%
1Y
7.6%
42T
S$0.057
Trendlines Group
7D
-1.7%
1Y
103.6%