Narrative Update • Jun 18

In the last week, the Infrastructure industry is up 6.5%, with SATS up 11%. This takes the industry's 12 month performance to a gain of 27%. Looking forward, earnings are forecast to grow by 9.2% annually.
Has the Singaporean Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | S$11.9b | S$9.3b | S$549.6m | 22.5x | 21.6x | 1.3x |
| Thu, 21 May 2026 | S$10.1b | S$9.0b | S$523.3m | 19.2x | 19.4x | 1.1x |
| Sat, 18 Apr 2026 | S$10.6b | S$9.0b | S$512.2m | 20.3x | 20.8x | 1.2x |
| Mon, 16 Mar 2026 | S$10.7b | S$9.0b | S$512.2m | 20.7x | 20.9x | 1.2x |
| Wed, 11 Feb 2026 | S$11.5b | S$9.0b | S$508.7m | 22.2x | 22.7x | 1.3x |
| Fri, 09 Jan 2026 | S$11.5b | S$9.0b | S$510.1m | 21.8x | 22.6x | 1.3x |
| Sun, 07 Dec 2025 | S$10.8b | S$9.0b | S$510.2m | 19.7x | 21.1x | 1.2x |
| Tue, 04 Nov 2025 | S$11.1b | S$8.7b | S$490.4m | 21.4x | 22.6x | 1.3x |
| Thu, 02 Oct 2025 | S$10.7b | S$8.7b | S$490.3m | 21.1x | 21.9x | 1.2x |
| Sat, 30 Aug 2025 | S$10.3b | S$8.7b | S$490.2m | 20.3x | 21.1x | 1.2x |
| Mon, 28 Jul 2025 | S$10.6b | S$8.7b | S$489.5m | 20.8x | 21.6x | 1.2x |
| Wed, 25 Jun 2025 | S$9.4b | S$8.5b | S$466.2m | 18.4x | 20.2x | 1.1x |
| Fri, 23 May 2025 | S$8.7b | S$8.2b | S$421.8m | 20.6x | 20.7x | 1.1x |
| Sun, 20 Apr 2025 | S$7.7b | S$8.2b | S$400.9m | 20.3x | 19.1x | 0.9x |
| Tue, 18 Mar 2025 | S$8.6b | S$8.2b | S$400.8m | 22.1x | 21.5x | 1.1x |
| Thu, 13 Feb 2025 | S$9.0b | S$8.2b | S$389.2m | 24.5x | 23x | 1.1x |
| Sat, 11 Jan 2025 | S$9.4b | S$8.1b | S$343.9m | 27x | 27.4x | 1.2x |
| Mon, 09 Dec 2024 | S$9.7b | S$8.1b | S$343.9m | 28.1x | 28.1x | 1.2x |
| Wed, 06 Nov 2024 | S$10.1b | S$7.6b | S$194.7m | 36x | 51.9x | 1.3x |
| Fri, 04 Oct 2024 | S$9.7b | S$7.6b | S$194.7m | 34.4x | 49.8x | 1.3x |
| Sun, 01 Sep 2024 | S$9.2b | S$7.6b | S$194.6m | 29.5x | 47.3x | 1.2x |
| Tue, 30 Jul 2024 | S$8.4b | S$7.6b | S$194.5m | 29.1x | 43.3x | 1.1x |
| Thu, 27 Jun 2024 | S$8.0b | S$7.6b | S$180.2m | 37.9x | 44.3x | 1x |
| Sat, 25 May 2024 | S$7.5b | S$6.8b | S$156.2m | 36.7x | 48x | 1.1x |
| Mon, 22 Apr 2024 | S$7.2b | S$6.7b | S$166.3m | 37.4x | 43.2x | 1.1x |
| Wed, 20 Mar 2024 | S$7.3b | S$6.7b | S$166.3m | 36.2x | 44x | 1.1x |
| Fri, 16 Feb 2024 | S$7.9b | S$5.7b | S$121.3m | 33.7x | 65x | 1.4x |
| Sun, 14 Jan 2024 | S$8.4b | S$5.8b | S$152.5m | 25.3x | 55x | 1.5x |
| Tue, 12 Dec 2023 | S$8.0b | S$5.8b | S$152.6m | 25.5x | 52.6x | 1.4x |
| Thu, 09 Nov 2023 | S$7.9b | S$4.1b | S$127.8m | 25.7x | 61.7x | 1.9x |
| Sat, 07 Oct 2023 | S$7.9b | S$4.0b | S$115.1m | 28.6x | 68.8x | 2x |
| Mon, 04 Sep 2023 | S$8.0b | S$4.0b | S$115.0m | 28.6x | 69.6x | 2x |
| Wed, 02 Aug 2023 | S$8.5b | S$4.0b | S$115.4m | 29.8x | 73.8x | 2.1x |
| Fri, 30 Jun 2023 | S$8.3b | S$4.1b | S$180.1m | 26.5x | 45.9x | 2x |
45.9x
Which industries have driven the changes within the Singaporean Industrials industry?
| SG Market | 2.64% | |
| Industrials | 3.18% | |
| Infrastructure | 6.52% | |
| Airport Services | 9.02% | |
| Marine Ports and Services | -4.06% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| S58 SATS | S$4.39 | 8.9% +S$531.8m | 46.3% | PE22.7x | |
| S59 SIA Engineering | S$3.35 | 3.4% +S$123.1m | 7.7% | PE22.2x |