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Singaporean (SGX) Telecom Sector Analysis

UpdatedOct 24, 2025
DataAggregated Company Financials
Companies18
  • 7D2.5%
  • 3M5.1%
  • 1Y30.9%
  • YTD35.3%

The Telecom industry is up 2.5% in the last week, with Singapore Telecommunications up 2.6%. Meanwhile, Dezign Format Group actually underperformed within the industry, shrinking 23% in the last week. This means that the industry has gained 31% over the past year. Looking forward, earnings are forecast to decline by 14% per year.

Sector Valuation and Performance

Has the Singaporean Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Oct 2025S$78.0bS$17.9bS$6.3b13.3x12.5x4.3x
Sun, 21 Sep 2025S$79.5bS$18.0bS$6.3b14.1x12.7x4.4x
Tue, 19 Aug 2025S$74.3bS$17.9bS$6.3b14.8x11.7x4.1x
Thu, 17 Jul 2025S$73.4bS$18.0bS$4.2b14x17.4x4.1x
Sat, 14 Jun 2025S$71.6bS$17.9bS$4.3b13.7x16.8x4x
Mon, 12 May 2025S$70.9bS$17.9bS$982.8m14.3x72.2x4x
Wed, 09 Apr 2025S$61.7bS$17.9bS$978.0m13.2x63.1x3.4x
Fri, 07 Mar 2025S$62.3bS$17.9bS$978.0m14x63.8x3.5x
Sun, 02 Feb 2025S$61.5bS$18.1b-S$497,180,310.5316.9x-123.7x3.4x
Tue, 31 Dec 2024S$57.7bS$18.1b-S$499,542,736.2218.8x-115.5x3.2x
Thu, 28 Nov 2024S$56.6bS$18.1b-S$497,866,765.5119x-113.6x3.1x
Sat, 26 Oct 2024S$59.6bS$18.1bS$644.1m16.5x92.5x3.3x
Mon, 23 Sep 2024S$62.8bS$18.1bS$648.1m16.5x96.9x3.5x
Wed, 21 Aug 2024S$54.9bS$18.1bS$648.3m16.6x84.6x3x
Fri, 19 Jul 2024S$56.9bS$18.3bS$284.3m17.3x200x3.1x
Sun, 16 Jun 2024S$48.5bS$18.3bS$281.2m20.2x172.4x2.6x
Tue, 14 May 2024S$46.3bS$18.5bS$2.6b12.7x17.8x2.5x
Thu, 11 Apr 2024S$46.1bS$18.5bS$2.6b13.9x17.7x2.5x
Sat, 09 Mar 2024S$45.7bS$18.5bS$2.6b12.8x17.5x2.5x
Mon, 05 Feb 2024S$46.7bS$18.2bS$3.4b12.9x13.9x2.6x
Wed, 03 Jan 2024S$47.0bS$18.2bS$3.4b13x14x2.6x
Fri, 01 Dec 2023S$44.4bS$18.2bS$3.4b12.5x13.2x2.4x
Sun, 29 Oct 2023S$44.8bS$18.1bS$2.2b18.7x20x2.5x
Tue, 26 Sep 2023S$46.2bS$18.1bS$2.2b19.1x20.6x2.5x
Thu, 24 Aug 2023S$44.7bS$18.1bS$2.2b18.5x19.9x2.5x
Sat, 22 Jul 2023S$49.2bS$18.2bS$2.4b25x20.7x2.7x
Mon, 19 Jun 2023S$48.3bS$18.2bS$2.4b24.9x20.3x2.7x
Wed, 17 May 2023S$49.1bS$18.3bS$2.1b26.9x23.5x2.7x
Fri, 14 Apr 2023S$47.8bS$18.3bS$2.1b21.1x22.9x2.6x
Sun, 12 Mar 2023S$45.3bS$18.3bS$2.1b19.9x21.7x2.5x
Tue, 07 Feb 2023S$48.7bS$18.3bS$2.4b13.2x20.4x2.7x
Thu, 05 Jan 2023S$48.1bS$18.3bS$2.4b12.5x20.1x2.6x
Sat, 03 Dec 2022S$50.8bS$18.3bS$2.4b12.7x21.2x2.8x
Mon, 31 Oct 2022S$46.9bS$18.4bS$2.3b11.2x20.1x2.5x
Price to Earnings Ratio

20.1x


Total Market Cap: S$46.9bTotal Earnings: S$2.3bTotal Revenue: S$18.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 29.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Singaporean Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.5x which is lower than its 3-year average PE of 29.9x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 39% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Singaporean Telecom sector?

SG Market1.54%
Telecom2.48%
Entertainment2.93%
Wireless Telecom2.63%
Telecom Services and Carriers2.51%
Media-5.39%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 6.0x.
    • Analysts are expecting annual earnings growth of 18.8%, which is lower than the prior year's growth of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 105% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 15% 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
Z74 Singapore TelecommunicationsS$4.312.4%
+S$1.7b		34.3%PE11.5x
CC3 StarHubS$1.162.7%
+S$51.7m		-4.9%PE16.9x
CJLU NetLink NBN TrustS$0.971.0%
+S$39.0m		8.3%PE39.8x
LVR 17LIVE GroupS$0.946.8%
+S$10.7m		-10.0%PS0.8x
S7OU Asian Pay Television TrustS$0.104.0%
+S$7.2m		30.4%PE13.4x

Latest News

OMK
S$0.023
Vividthree Holdings
7D
4.5%
1Y
-11.5%
CJLU
S$0.97
NetLink NBN Trust
7D
1.0%
1Y
8.3%
SEJ
S$0.066
NoonTalk Media
7D
17.9%
1Y
-46.3%
BAI
S$0.55
Digilife Technologies
7D
-4.4%
1Y
-54.2%
Z74
S$4.31
Singapore Telecommunications
7D
2.4%
1Y
34.3%

Returns At Singapore Telecommunications (SGX:Z74) Appear To Be Weighed Down

Sep 29
Returns At Singapore Telecommunications (SGX:Z74) Appear To Be Weighed Down
E27
S$0.005
Place Holdings
7D
-16.7%
1Y
0%
1F0
S$0.051
shopper360
7D
-7.3%
1Y
n/a
CC3
S$1.16
StarHub
7D
2.7%
1Y
-4.9%

Strong Q4 Performance In Cybersecurity Segment Will Strengthen Future Prospects

Analysts have trimmed StarHub’s fair value target, primarily due to a modest decline in forward P/E multiples, while revenue growth expectations remain stable, resulting in a revised consensus price target of SGD1.20 from SGD1.23. What's in the News StarHub is actively seeking both large-scale and select M&A opportunities, with a focus on enhancing enterprise and delivery capabilities.
UZF
S$0.21
Dezign Format Group
7D
-17.3%
1Y
n/a
1AZ
S$0.25
Audience Analytics
7D
-2.0%
1Y
9.3%
LVR
S$0.94
17LIVE Group
7D
6.8%
1Y
-10.0%
WKS
S$0.26
Winking Studios
7D
2.0%
1Y
-15.0%
XJB
S$0.15
G.H.Y Culture & Media Holding
7D
-1.3%
1Y
34.2%
S7OU
S$0.10
Asian Pay Television Trust
7D
4.0%
1Y
30.4%
1D1
S$0.063
UnUsUaL
7D
-4.5%
1Y
-49.2%