Narrative Update • Jun 22

In the last week, the Capital Markets industry is flat overall, with iFAST standing out by going down 4.5%. As for the the longer term, the industry is up 43% over the past 12 months. Earnings are forecast to grow by 9.7% annually.
Has the Singaporean Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 01 Jul 2026 | S$33.2b | S$2.9b | S$876.8m | 24.7x | 37.9x | 11.4x |
| Fri, 29 May 2026 | S$30.7b | S$2.9b | S$876.8m | 25.3x | 35x | 10.5x |
| Sun, 26 Apr 2026 | S$31.1b | S$2.9b | S$877.2m | 25.2x | 35.4x | 10.6x |
| Tue, 24 Mar 2026 | S$27.3b | S$2.9b | S$868.5m | 26.4x | 31.4x | 9.5x |
| Thu, 19 Feb 2026 | S$26.9b | S$2.9b | S$1.3b | 20.3x | 21.2x | 9.3x |
| Sat, 17 Jan 2026 | S$26.3b | S$2.8b | S$1.3b | 18.7x | 20.8x | 9.3x |
| Mon, 15 Dec 2025 | S$25.4b | S$2.8b | S$1.3b | 17.8x | 20x | 9x |
| Wed, 12 Nov 2025 | S$25.7b | S$2.9b | S$1.3b | 11.6x | 20.2x | 8.9x |
| Fri, 10 Oct 2025 | S$28.7b | S$2.9b | S$1.3b | 12.3x | 22.7x | 10x |
| Sun, 07 Sep 2025 | S$26.6b | S$2.8b | S$1.2b | 12.4x | 21.3x | 9.6x |
| Tue, 05 Aug 2025 | S$26.0b | S$2.8b | S$1.3b | 16x | 20.6x | 9.2x |
| Thu, 03 Jul 2025 | S$23.4b | S$2.8b | S$1.3b | 13.9x | 18.7x | 8.3x |
| Sat, 31 May 2025 | S$21.4b | S$2.8b | S$1.2b | 13.4x | 17.2x | 7.6x |
| Mon, 28 Apr 2025 | S$22.0b | S$2.8b | S$1.2b | 14.2x | 17.6x | 7.8x |
| Wed, 26 Mar 2025 | S$21.1b | S$2.8b | S$1.2b | 14.9x | 16.9x | 7.6x |
| Fri, 21 Feb 2025 | S$20.0b | S$2.7b | S$1.1b | 13.4x | 18.3x | 7.3x |
| Sun, 19 Jan 2025 | S$18.5b | S$2.6b | S$1.0b | 8.6x | 18.2x | 7.1x |
| Tue, 17 Dec 2024 | S$18.7b | S$2.6b | S$1.0b | 8.3x | 18.4x | 7.1x |
| Thu, 14 Nov 2024 | S$17.7b | S$2.5b | S$1.0b | 9.5x | 17.5x | 7x |
| Sat, 12 Oct 2024 | S$18.0b | S$2.5b | S$998.7m | 9.6x | 18.1x | 7.2x |
| Mon, 09 Sep 2024 | S$16.6b | S$2.5b | S$1.0b | 8.4x | 16.6x | 6.6x |
| Wed, 07 Aug 2024 | S$14.9b | S$2.5b | S$1.0b | 8.5x | 14.7x | 5.9x |
| Fri, 05 Jul 2024 | S$15.3b | S$2.5b | S$997.8m | 9.1x | 15.3x | 6.2x |
| Sun, 02 Jun 2024 | S$14.9b | S$2.5b | S$997.8m | 9.4x | 14.9x | 6x |
| Tue, 30 Apr 2024 | S$15.0b | S$2.5b | S$995.6m | 9.5x | 15x | 6x |
| Thu, 28 Mar 2024 | S$14.6b | S$2.4b | S$979.3m | 8.7x | 14.9x | 6x |
| Sat, 24 Feb 2024 | S$15.2b | S$2.4b | S$945.8m | 10.2x | 16.1x | 6.3x |
| Mon, 22 Jan 2024 | S$15.7b | S$2.4b | S$948.0m | 13x | 16.6x | 6.6x |
| Wed, 20 Dec 2023 | S$19.1b | S$2.6b | S$1.1b | 16.7x | 16.8x | 7.3x |
| Fri, 17 Nov 2023 | S$19.4b | S$2.6b | S$1.1b | 16.9x | 16.9x | 7.4x |
| Sun, 15 Oct 2023 | S$19.2b | S$2.6b | S$1.1b | 17.5x | 16.8x | 7.4x |
| Tue, 12 Sep 2023 | S$19.1b | S$2.6b | S$1.1b | 17.3x | 16.7x | 7.3x |
| Thu, 10 Aug 2023 | S$18.9b | S$2.5b | S$1.1b | 18x | 18x | 7.5x |
| Sat, 08 Jul 2023 | S$18.1b | S$2.5b | S$1.0b | 13.1x | 17.9x | 7.3x |
17.9x
Which industries have driven the changes within the Singaporean Financials industry?
| SG Market | -0.63% | |
| Financials | -0.93% | |
| Capital Markets | -0.064% | |
| Financial Exchanges and Data | 1.01% | |
| Investment Banking and Brokerage | -3.16% | |
| Asset Management | -4.01% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| S68 Singapore Exchange | S$24.09 | 1.3% +S$327.3m | 58.8% | PE39.6x | |
| BLS Hotung Investment Holdings | S$1.66 | 1.2% +S$1.9m | 23.0% | PE19.3x | |
| 42T Trendlines Group | S$0.059 | 1.7% +S$1.5m | 110.7% | PE34.5x | |
| CHJ Uni-Asia Group | S$0.93 | 1.6% +S$1.2m | 11.4% | PE61.1x |