Further Upside For Sinarmas Land Limited (SGX:A26) Shares Could Introduce Price Risks After 27% Bounce
Oct 16
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Singaporean (SGX) Real Estate Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies91
- 7D0.2%
- 3M1.2%
- 1Y-1.6%
- YTD-6.3%
The Real Estate is pretty flat in the last 7 days, but Hongkong Land Holdings has stood out, gaining 7.3%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | S$145.1b | S$47.9b | S$3.9b | 15x | 37.4x | 3x |
| Sat, 19 Oct 2024 | S$153.1b | S$47.2b | S$3.6b | 14.4x | 42.3x | 3.2x |
| Mon, 16 Sep 2024 | S$150.0b | S$47.1b | S$3.5b | 13.8x | 42.3x | 3.2x |
| Wed, 14 Aug 2024 | S$138.1b | S$47.7b | S$4.1b | 13.5x | 33.5x | 2.9x |
| Fri, 12 Jul 2024 | S$138.6b | S$47.1b | S$4.2b | 13.2x | 32.9x | 2.9x |
| Sun, 09 Jun 2024 | S$138.9b | S$47.8b | S$4.0b | 14.5x | 35x | 2.9x |
| Tue, 07 May 2024 | S$138.6b | S$47.9b | S$4.1b | 15.6x | 33.9x | 2.9x |
| Thu, 04 Apr 2024 | S$141.3b | S$47.9b | S$4.5b | 15x | 31.3x | 2.9x |
| Sat, 02 Mar 2024 | S$140.5b | S$47.9b | S$4.8b | 13.7x | 29.2x | 2.9x |
| Mon, 29 Jan 2024 | S$152.7b | S$47.8b | S$6.5b | 15.3x | 23.7x | 3.2x |
| Wed, 27 Dec 2023 | S$156.5b | S$47.7b | S$6.7b | 15.3x | 23.4x | 3.3x |
| Fri, 24 Nov 2023 | S$152.7b | S$47.8b | S$6.6b | 14.7x | 23x | 3.2x |
| Sun, 22 Oct 2023 | S$144.6b | S$47.7b | S$8.2b | 13.5x | 17.5x | 3x |
| Tue, 19 Sep 2023 | S$157.3b | S$47.7b | S$8.3b | 15.3x | 19.1x | 3.3x |
| Thu, 17 Aug 2023 | S$157.0b | S$47.4b | S$8.8b | 15.2x | 17.9x | 3.3x |
| Sat, 15 Jul 2023 | S$164.7b | S$45.3b | S$12.4b | 12.4x | 13.3x | 3.6x |
| Mon, 12 Jun 2023 | S$161.3b | S$45.4b | S$12.4b | 12.6x | 13x | 3.5x |
| Wed, 10 May 2023 | S$169.2b | S$45.2b | S$12.4b | 12.6x | 13.7x | 3.7x |
| Fri, 07 Apr 2023 | S$170.2b | S$42.9b | S$13.3b | 13x | 12.8x | 4x |
| Sun, 05 Mar 2023 | S$169.0b | S$45.2b | S$13.0b | 12.3x | 13x | 3.7x |
| Tue, 31 Jan 2023 | S$178.6b | S$44.2b | S$15.0b | 10.6x | 11.9x | 4x |
| Thu, 29 Dec 2022 | S$167.4b | S$44.1b | S$15.5b | 10.3x | 10.8x | 3.8x |
| Sat, 26 Nov 2022 | S$165.7b | S$44.1b | S$15.5b | 10.2x | 10.7x | 3.8x |
| Mon, 24 Oct 2022 | S$153.7b | S$44.1b | S$15.3b | 9.1x | 10.1x | 3.5x |
| Wed, 21 Sep 2022 | S$179.8b | S$44.3b | S$15.3b | 10.9x | 11.8x | 4.1x |
| Fri, 19 Aug 2022 | S$186.8b | S$44.8b | S$15.3b | 12x | 12.2x | 4.2x |
| Sun, 17 Jul 2022 | S$177.0b | S$43.4b | S$12.2b | 12.9x | 14.5x | 4.1x |
| Tue, 14 Jun 2022 | S$179.7b | S$43.4b | S$12.2b | 13.5x | 14.7x | 4.1x |
| Thu, 12 May 2022 | S$181.2b | S$43.7b | S$12.4b | 12.7x | 14.6x | 4.1x |
| Sat, 09 Apr 2022 | S$187.8b | S$43.8b | S$11.8b | 13.3x | 15.9x | 4.3x |
| Mon, 07 Mar 2022 | S$180.9b | S$44.4b | S$11.8b | 13.3x | 15.4x | 4.1x |
| Wed, 02 Feb 2022 | S$176.7b | S$40.6b | S$4.4b | 16x | 40.2x | 4.4x |
| Fri, 31 Dec 2021 | S$182.6b | S$39.9b | S$2.7b | 17.2x | 67.3x | 4.6x |
| Sun, 28 Nov 2021 | S$182.4b | S$38.0b | S$3.1b | 17.6x | 58.1x | 4.8x |
Price to Earnings Ratio
58.1x
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 37.2x which is higher than its 3-year average PE of 23.9x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 8.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate sector?
| SG Market | 0.51% | |
| Real Estate | 0.23% | |
| Real Estate | 2.15% | |
| Specialized REITs | 1.05% | |
| Health Care REITs | 0.72% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | -0.57% | |
| Office REITs | -0.61% | |
| Retail REITs | -1.04% | |
| Industrial REITs | -1.54% | |
| REITS | -1.76% | |
Industry PE
- Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 130x.
- Analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings decline of 31.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 56% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 8.5% 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 | |
|---|---|---|---|---|---|
| H78 Hongkong Land Holdings | US$4.72 | 3.5% +US$353.1m | 40.9% | PS4.9x | |
| OU8 Centurion | S$0.96 | 7.3% +S$54.7m | 140.0% | PE3.5x | |
| OYY PropNex | S$0.93 | 8.2% +S$51.8m | 8.8% | PE15.3x | |
| 9CI CapitaLand Investment | S$2.79 | 0.4% +S$49.9m | -10.3% | PE86.4x | |
| BTOU Manulife US Real Estate Investment Trust | US$0.10 | 21.2% +US$32.0m | 5.1% | PB0.3x |
