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Singaporean (SGX) Telecom Sector Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies17
- 7D4.8%
- 3M13.4%
- 1Y47.1%
- YTD12.3%
Over the last 7 days, the Telecom industry has risen 4.8%, driven by gains from Singapore Telecommunications of 5.0%. In the last 12 months, the industry was up 47%. As for the next few years, earnings are forecast to decline by 16% per annum.
Sector Valuation and Performance
Has the Singaporean Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Mar 2026 | S$92.2b | S$17.7b | S$6.9b | 32.1x | 13.4x | 5.2x |
| Mon, 16 Feb 2026 | S$87.6b | S$17.7b | S$6.9b | 15.5x | 12.8x | 4.9x |
| Wed, 14 Jan 2026 | S$80.8b | S$17.7b | S$6.3b | 14.5x | 12.7x | 4.6x |
| Fri, 12 Dec 2025 | S$81.8b | S$17.7b | S$6.3b | 14.3x | 12.9x | 4.6x |
| Sun, 09 Nov 2025 | S$83.3b | S$17.9b | S$6.3b | 13.8x | 13.3x | 4.6x |
| Tue, 07 Oct 2025 | S$76.2b | S$18.0b | S$6.3b | 14.1x | 12.2x | 4.2x |
| Thu, 04 Sep 2025 | S$78.7b | S$18.0b | S$6.3b | 14.3x | 12.6x | 4.4x |
| Sat, 02 Aug 2025 | S$71.0b | S$18.0b | S$4.2b | 14.7x | 16.9x | 4x |
| Mon, 30 Jun 2025 | S$69.8b | S$17.9b | S$4.3b | 13.3x | 16.4x | 3.9x |
| Wed, 28 May 2025 | S$70.0b | S$17.9b | S$4.3b | 13.7x | 16.4x | 3.9x |
| Fri, 25 Apr 2025 | S$69.1b | S$17.9b | S$982.6m | 13.9x | 70.3x | 3.9x |
| Sun, 23 Mar 2025 | S$62.8b | S$17.9b | S$977.9m | 13.9x | 64.3x | 3.5x |
| Tue, 18 Feb 2025 | S$61.3b | S$18.1b | -S$500,931,702.70 | 17.1x | -122.4x | 3.4x |
| Thu, 16 Jan 2025 | S$57.7b | S$18.1b | -S$498,302,894.03 | 17.9x | -115.9x | 3.2x |
| Sat, 14 Dec 2024 | S$58.3b | S$18.1b | -S$498,620,627.19 | 18.9x | -116.9x | 3.2x |
| Mon, 11 Nov 2024 | S$60.2b | S$18.1b | S$638.7m | 16.4x | 94.3x | 3.3x |
| Wed, 09 Oct 2024 | S$59.1b | S$18.1b | S$646.4m | 16.5x | 91.4x | 3.3x |
| Fri, 06 Sep 2024 | S$58.4b | S$18.1b | S$648.2m | 16.4x | 90.1x | 3.2x |
| Sun, 04 Aug 2024 | S$55.1b | S$18.3b | S$289.5m | 16.5x | 190.4x | 3x |
| Tue, 02 Jul 2024 | S$51.9b | S$18.3b | S$280.6m | 17.2x | 184.9x | 2.8x |
| Thu, 30 May 2024 | S$47.1b | S$18.3b | S$274.8m | 15.3x | 171.4x | 2.6x |
| Sat, 27 Apr 2024 | S$46.3b | S$18.5b | S$2.6b | 13.9x | 17.8x | 2.5x |
| Mon, 25 Mar 2024 | S$48.3b | S$18.5b | S$2.6b | 13.4x | 18.5x | 2.6x |
| Wed, 21 Feb 2024 | S$46.1b | S$18.2b | S$3.4b | 12.6x | 13.4x | 2.5x |
| Fri, 19 Jan 2024 | S$45.9b | S$18.2b | S$3.4b | 12.8x | 13.6x | 2.5x |
| Sun, 17 Dec 2023 | S$46.2b | S$18.2b | S$3.4b | 12.8x | 13.7x | 2.5x |
| Tue, 14 Nov 2023 | S$45.1b | S$18.0b | S$3.4b | 12.2x | 13.5x | 2.5x |
| Thu, 12 Oct 2023 | S$46.6b | S$18.1b | S$2.2b | 19.4x | 20.8x | 2.6x |
| Sat, 09 Sep 2023 | S$44.7b | S$18.1b | S$2.2b | 18.4x | 19.9x | 2.5x |
| Mon, 07 Aug 2023 | S$46.6b | S$18.2b | S$2.4b | 22.4x | 19.5x | 2.6x |
| Wed, 05 Jul 2023 | S$48.6b | S$18.2b | S$2.4b | 25x | 20.5x | 2.7x |
| Fri, 02 Jun 2023 | S$47.6b | S$18.2b | S$2.4b | 24.7x | 20.1x | 2.6x |
| Sun, 30 Apr 2023 | S$48.4b | S$18.3b | S$2.1b | 26.7x | 23.2x | 2.6x |
| Tue, 28 Mar 2023 | S$46.0b | S$18.3b | S$2.1b | 20.3x | 22x | 2.5x |
Price to Earnings Ratio
22x
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 13.4x which is lower than its 3-year average PE of 28.8x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 49% 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 Market | 1.83% | |
| Telecom | 4.76% | |
| Telecom Services and Carriers | 4.86% | |
| Wireless Telecom | 1.98% | |
| Media | 0.99% | |
| Entertainment | -1.61% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 19.4x.
- Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings decline of 49.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 67% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|
| Z74 Singapore Telecommunications | S$5.21 | 5.0% +S$4.1b | 52.3% | PE12.7x | |
| CJLU NetLink NBN Trust | S$0.98 | 1.0% +S$39.0m | 13.3% | PE44.1x | |
| CC3 StarHub | S$1.02 | 2.0% +S$34.5m | -13.6% | PE22.6x | |
| E27 Place Holdings | S$0.003 | 50.0% +S$5.9m | 0% | PB0.2x | |
| 42F TOTM Technologies | S$0.025 | 8.7% +S$3.0m | 25.0% | PS6.8x |