Low Keng Huat (Singapore) Limited (SGX:F1E) Soars 27% But It's A Story Of Risk Vs Reward
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Singaporean (SGX) Real Estate Sector Analysis
UpdatedJul 22, 2025
DataAggregated Company Financials
Companies89
- 7D2.1%
- 3M12.7%
- 1Y11.8%
- YTD10.1%
City Developments is up 8.4%, leading the way for the Real Estate industry, which has gained 2.1%. During this same period, the Centurion underperformed, falling 8.0%. This means that the industry has gained 12% over the past year. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Singaporean Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 23 Jul 2025 | S$158.7b | S$45.6b | S$4.8b | 18.5x | 32.8x | 3.5x |
| Fri, 20 Jun 2025 | S$147.0b | S$45.5b | S$4.8b | 17.5x | 30.4x | 3.2x |
| Sun, 18 May 2025 | S$145.3b | S$45.4b | S$5.1b | 16.6x | 28.7x | 3.2x |
| Tue, 15 Apr 2025 | S$136.7b | S$45.2b | S$4.7b | 18.2x | 28.8x | 3x |
| Thu, 13 Mar 2025 | S$143.5b | S$45.4b | S$4.7b | 19.2x | 30.2x | 3.2x |
| Sat, 08 Feb 2025 | S$143.2b | S$47.9b | S$3.9b | 16.4x | 36.6x | 3x |
| Mon, 06 Jan 2025 | S$146.3b | S$47.9b | S$3.9b | 16.3x | 37.1x | 3.1x |
| Wed, 04 Dec 2024 | S$145.5b | S$47.8b | S$3.9b | 15.7x | 37.1x | 3x |
| Fri, 01 Nov 2024 | S$148.1b | S$47.2b | S$3.5b | 14.2x | 42.9x | 3.1x |
| Sun, 29 Sep 2024 | S$154.0b | S$47.1b | S$3.5b | 14.2x | 43.4x | 3.3x |
| Tue, 27 Aug 2024 | S$145.1b | S$48.6b | S$3.7b | 13.1x | 38.8x | 3x |
| Thu, 25 Jul 2024 | S$140.7b | S$47.1b | S$4.2b | 13.2x | 33.3x | 3x |
| Sat, 22 Jun 2024 | S$135.8b | S$47.8b | S$3.9b | 13.1x | 34.4x | 2.8x |
| Mon, 20 May 2024 | S$140.1b | S$47.5b | S$3.9b | 15.4x | 35.9x | 3x |
| Wed, 17 Apr 2024 | S$138.6b | S$48.0b | S$4.3b | 15.7x | 32.5x | 2.9x |
| Fri, 15 Mar 2024 | S$140.4b | S$47.7b | S$4.5b | 14.9x | 31.1x | 2.9x |
| Sun, 11 Feb 2024 | S$144.9b | S$46.0b | S$5.5b | 16.6x | 26.2x | 3.1x |
| Tue, 09 Jan 2024 | S$157.5b | S$47.7b | S$6.7b | 15.3x | 23.6x | 3.3x |
| Thu, 07 Dec 2023 | S$152.3b | S$47.8b | S$6.7b | 15.2x | 22.8x | 3.2x |
| Sat, 04 Nov 2023 | S$148.8b | S$47.7b | S$7.4b | 14.4x | 20x | 3.1x |
| Mon, 02 Oct 2023 | S$153.6b | S$47.7b | S$8.3b | 14.8x | 18.6x | 3.2x |
| Wed, 30 Aug 2023 | S$155.8b | S$47.3b | S$8.5b | 15.4x | 18.3x | 3.3x |
| Fri, 28 Jul 2023 | S$165.9b | S$45.4b | S$12.3b | 13.5x | 13.5x | 3.7x |
| Sun, 25 Jun 2023 | S$160.0b | S$45.4b | S$12.4b | 12.4x | 12.9x | 3.5x |
| Tue, 23 May 2023 | S$164.4b | S$45.5b | S$12.4b | 12.6x | 13.3x | 3.6x |
| Thu, 20 Apr 2023 | S$171.2b | S$45.2b | S$12.9b | 13.2x | 13.3x | 3.8x |
| Sat, 18 Mar 2023 | S$166.8b | S$45.2b | S$12.9b | 11.4x | 12.9x | 3.7x |
| Mon, 13 Feb 2023 | S$173.6b | S$44.7b | S$14.3b | 10.6x | 12.2x | 3.9x |
| Wed, 11 Jan 2023 | S$168.3b | S$44.1b | S$15.4b | 9.6x | 10.9x | 3.8x |
| Fri, 09 Dec 2022 | S$167.6b | S$44.2b | S$15.5b | 10.4x | 10.8x | 3.8x |
| Sun, 06 Nov 2022 | S$157.8b | S$44.3b | S$15.5b | 9.6x | 10.2x | 3.6x |
| Tue, 04 Oct 2022 | S$165.4b | S$44.3b | S$15.3b | 10.2x | 10.8x | 3.7x |
| Thu, 01 Sep 2022 | S$180.2b | S$44.3b | S$15.2b | 11.4x | 11.8x | 4.1x |
| Sat, 30 Jul 2022 | S$184.8b | S$43.5b | S$13.2b | 13.2x | 14x | 4.2x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are optimistic on the Singaporean Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.8x which is higher than its 3-year average PE of 24.1x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 27% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Real Estate sector?
| SG Market | 2.62% | |
| Real Estate | 2.09% | |
| Office REITs | 3.53% | |
| Specialized REITs | 3.16% | |
| Retail REITs | 2.92% | |
| Real Estate | 2.47% | |
| Industrial REITs | 2.20% | |
| Hotel and Resort REITs | 1.31% | |
| REITS | 0.89% | |
| Health Care REITs | -0.61% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 42.7x.
- Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 10.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Specialized REITs industry is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| C09 City Developments | S$6.06 | 8.8% +S$437.8m | 12.0% | PE28.4x | |
| U06 Singapore Land Group | S$2.65 | 11.3% +S$386.8m | 49.7% | PE13.4x | |
| 9CI CapitaLand Investment | S$2.79 | 1.8% +S$249.4m | 2.6% | PE29.1x | |
| A17U CapitaLand Ascendas REIT | S$2.80 | 1.8% +S$230.3m | 3.7% | PB1.3x | |
| N2IU Mapletree Pan Asia Commercial Trust | S$1.28 | 2.4% +S$158.1m | -3.0% | PB0.7x |