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Singaporean (SGX) Telecom Sector Analysis

UpdatedNov 23, 2025
DataAggregated Company Financials
Companies17
  • 7D-2.4%
  • 3M11.9%
  • 1Y49.0%
  • YTD47.6%

Over the last 7 days, the Telecom industry has dropped 2.4%, driven by a pullback from Singapore Telecommunications of 2.5%. Meanwhile, Winking Studios actually outperformed within the industry, gaining 6.3% in the last week. This takes the industry's 12 month performance to a gain of 49%. 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
Sun, 23 Nov 2025S$84.9bS$17.7bS$6.3b14.5x13.4x4.8x
Tue, 21 Oct 2025S$76.2bS$17.9bS$6.3b12.9x12.2x4.2x
Thu, 18 Sep 2025S$78.6bS$18.0bS$6.3b14.4x12.6x4.4x
Sat, 16 Aug 2025S$74.3bS$17.9bS$6.3b14.8x11.7x4.1x
Mon, 14 Jul 2025S$73.9bS$18.0bS$4.2b13.9x17.4x4.1x
Wed, 11 Jun 2025S$70.9bS$17.9bS$4.3b13.7x16.7x4x
Fri, 09 May 2025S$70.3bS$17.9bS$982.8m14.3x71.5x3.9x
Sun, 06 Apr 2025S$64.7bS$17.9bS$977.8m13.5x66.2x3.6x
Tue, 04 Mar 2025S$62.5bS$17.9bS$526.8m14.7x118.7x3.5x
Thu, 30 Jan 2025S$60.3bS$18.1b-S$496,020,995.0416.8x-121.6x3.3x
Sat, 28 Dec 2024S$57.7bS$18.1b-S$499,940,293.9818.9x-115.4x3.2x
Mon, 25 Nov 2024S$57.0bS$18.1b-S$498,558,297.4319.1x-114.4x3.1x
Wed, 23 Oct 2024S$59.4bS$18.1bS$644.8m16.4x92.1x3.3x
Fri, 20 Sep 2024S$62.5bS$18.1bS$648.1m16.2x96.5x3.5x
Sun, 18 Aug 2024S$55.7bS$18.1bS$647.3m16.5x86x3.1x
Tue, 16 Jul 2024S$56.0bS$18.3bS$284.0m16.1x197.2x3.1x
Thu, 13 Jun 2024S$48.7bS$18.3bS$266.7m20x182.5x2.7x
Sat, 11 May 2024S$46.2bS$18.5bS$2.6b12.7x17.7x2.5x
Mon, 08 Apr 2024S$46.2bS$18.5bS$2.6b13.9x17.7x2.5x
Wed, 06 Mar 2024S$44.6bS$18.1bS$2.9b13.9x15.2x2.5x
Fri, 02 Feb 2024S$46.2bS$18.2bS$3.4b12.7x13.7x2.5x
Sun, 31 Dec 2023S$47.4bS$18.2bS$3.4b12.9x14.1x2.6x
Tue, 28 Nov 2023S$44.0bS$18.2bS$3.4b12.5x13.1x2.4x
Thu, 26 Oct 2023S$45.4bS$18.1bS$2.2b18.9x20.2x2.5x
Sat, 23 Sep 2023S$46.5bS$18.1bS$2.2b19.3x20.8x2.6x
Mon, 21 Aug 2023S$44.9bS$18.2bS$2.4b21.2x18.8x2.5x
Wed, 19 Jul 2023S$48.6bS$18.2bS$2.4b25x20.5x2.7x
Fri, 16 Jun 2023S$47.9bS$18.2bS$2.4b24.8x20.2x2.6x
Sun, 14 May 2023S$48.9bS$18.3bS$2.1b27.1x23.5x2.7x
Tue, 11 Apr 2023S$47.7bS$18.3bS$2.1b21.1x22.8x2.6x
Thu, 09 Mar 2023S$46.2bS$18.3bS$2.1b20.3x22.1x2.5x
Sat, 04 Feb 2023S$48.6bS$18.3bS$2.4b13.6x20.3x2.7x
Mon, 02 Jan 2023S$48.7bS$18.3bS$2.4b12.4x20.4x2.7x
Wed, 30 Nov 2022S$51.5bS$18.3bS$2.4b12.5x21.5x2.8x
Price to Earnings Ratio

21.5x


Total Market Cap: S$51.5bTotal Earnings: S$2.4bTotal Revenue: S$18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 29.6x202320242025
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 29.6x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 38% 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-1.64%
Telecom-2.37%
Entertainment0.55%
Media-1.51%
Wireless Telecom-1.76%
Telecom Services and Carriers-2.40%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry even though it's trading below its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 17.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 108% 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
WKS Winking StudiosS$0.266.3%
+S$6.6m		-5.6%PE158.8x
9VW Spackman Entertainment GroupS$0.1718.2%
+S$477.5k		69.0%PS1.8x

Latest News

CC3
S$1.13
StarHub
7D
-1.7%
1Y
-7.4%
1D1
S$0.055
UnUsUaL
7D
-5.2%
1Y
-54.5%
9VW
S$0.17
Spackman Entertainment Group
7D
18.2%
1Y
69.0%
UZF
S$0.21
Dezign Format Group
7D
-4.4%
1Y
n/a
S7OU
S$0.10
Asian Pay Television Trust
7D
-1.0%
1Y
32.1%
Z74
S$4.74
Singapore Telecommunications
7D
-2.5%
1Y
54.9%
CJLU
S$0.94
NetLink NBN Trust
7D
-1.0%
1Y
9.2%

NetLink NBN Trust (SGX:CJLU) Is Paying Out A Dividend Of SGD0.0271

Nov 05
NetLink NBN Trust (SGX:CJLU) Is Paying Out A Dividend Of SGD0.0271
BAI
S$0.50
Digilife Technologies
7D
-8.3%
1Y
-55.0%
1AZ
S$0.26
Audience Analytics
7D
-1.9%
1Y
11.5%
WKS
S$0.26
Winking Studios
7D
6.3%
1Y
-5.6%