Narrative Update • Jun 18
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Singaporean (SGX) Telecom Sector Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies17
- 7D1.9%
- 3M-10.5%
- 1Y11.1%
- YTD-4.8%
Over the last 7 days, the Telecom industry has risen 1.7%, driven by gains from Singapore Telecommunications of 2.1%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are forecast to decline by 11% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | S$77.9b | S$17.9b | S$5.7b | 27.3x | 13.6x | 4.3x |
| Thu, 21 May 2026 | S$89.0b | S$17.8b | S$6.9b | 27.7x | 13x | 5x |
| Sat, 18 Apr 2026 | S$85.8b | S$17.7b | S$6.9b | 33.8x | 12.5x | 4.8x |
| Mon, 16 Mar 2026 | S$88.0b | S$17.7b | S$6.9b | 32.1x | 12.8x | 5x |
| Wed, 11 Feb 2026 | S$86.3b | S$17.7b | S$6.3b | 15.2x | 13.6x | 4.9x |
| Fri, 09 Jan 2026 | S$80.3b | S$17.7b | S$6.3b | 14.5x | 12.7x | 4.5x |
| Sun, 07 Dec 2025 | S$82.1b | S$17.7b | S$6.3b | 14.4x | 13x | 4.6x |
| Tue, 04 Nov 2025 | S$77.2b | S$17.9b | S$6.3b | 13.3x | 12.3x | 4.3x |
| Thu, 02 Oct 2025 | S$75.0b | S$18.0b | S$6.3b | 14x | 12x | 4.2x |
| Sat, 30 Aug 2025 | S$77.8b | S$18.0b | S$6.3b | 14.9x | 12.4x | 4.3x |
| Mon, 28 Jul 2025 | S$74.2b | S$18.0b | S$4.2b | 14.1x | 17.5x | 4.1x |
| Wed, 25 Jun 2025 | S$69.6b | S$17.9b | S$4.3b | 13.2x | 16.4x | 3.9x |
| Fri, 23 May 2025 | S$71.6b | S$17.9b | S$979.4m | 13.8x | 73.1x | 4x |
| Sun, 20 Apr 2025 | S$68.4b | S$17.9b | S$982.7m | 13.7x | 69.6x | 3.8x |
| Tue, 18 Mar 2025 | S$62.4b | S$17.9b | S$977.9m | 13.9x | 63.8x | 3.5x |
| Thu, 13 Feb 2025 | S$63.0b | S$18.1b | -S$502,579,758.68 | 17.3x | -125.3x | 3.5x |
| Sat, 11 Jan 2025 | S$57.2b | S$18.1b | -S$501,226,914.52 | 18.2x | -114x | 3.2x |
| Mon, 09 Dec 2024 | S$56.5b | S$18.1b | -S$497,711,530.33 | 18.9x | -113.6x | 3.1x |
| Wed, 06 Nov 2024 | S$58.7b | S$18.1b | S$644.7m | 16.1x | 91.1x | 3.2x |
| Fri, 04 Oct 2024 | S$59.6b | S$18.1b | S$647.2m | 16.5x | 92.2x | 3.3x |
| Sun, 01 Sep 2024 | S$58.2b | S$18.1b | S$647.8m | 16.6x | 89.8x | 3.2x |
| Tue, 30 Jul 2024 | S$57.6b | S$18.3b | S$284.8m | 17x | 202.3x | 3.1x |
| Thu, 27 Jun 2024 | S$50.2b | S$18.3b | S$280.1m | 18.1x | 179.2x | 2.7x |
| Sat, 25 May 2024 | S$46.5b | S$18.3b | S$274.6m | 15.3x | 169.5x | 2.5x |
| Mon, 22 Apr 2024 | S$45.2b | S$18.5b | S$2.6b | 12.4x | 17.4x | 2.4x |
| Wed, 20 Mar 2024 | S$48.0b | S$18.5b | S$2.6b | 13.3x | 18.4x | 2.6x |
| Fri, 16 Feb 2024 | S$45.4b | S$18.2b | S$3.4b | 12.6x | 13.2x | 2.5x |
| Sun, 14 Jan 2024 | S$46.3b | S$18.2b | S$3.4b | 12.9x | 13.8x | 2.5x |
| Tue, 12 Dec 2023 | S$44.8b | S$18.2b | S$3.4b | 12.4x | 13.3x | 2.5x |
| Thu, 09 Nov 2023 | S$45.1b | S$18.1b | S$2.2b | 18.7x | 20.1x | 2.5x |
| Sat, 07 Oct 2023 | S$45.6b | S$18.1b | S$2.2b | 18.9x | 20.3x | 2.5x |
| Mon, 04 Sep 2023 | S$45.5b | S$18.1b | S$2.2b | 18.9x | 20.3x | 2.5x |
| Wed, 02 Aug 2023 | S$49.9b | S$18.2b | S$2.4b | 25x | 21x | 2.7x |
| Fri, 30 Jun 2023 | S$48.0b | S$18.2b | S$2.4b | 24.7x | 20.2x | 2.6x |
Price to Earnings Ratio
20.2x
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 13.6x which is lower than its 3-year average PE of 28.0x.
- The 3-year average PS ratio of 3.5x 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 34% 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 | 1.61% | |
| Telecom | 1.89% | |
| Wireless Telecom | 1.96% | |
| Telecom Services and Carriers | 1.94% | |
| Media | -0.51% | |
| Entertainment | -5.96% | |
Industry PE
- Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 18.6x.
- Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings decline of 49.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings decline of 50% per year.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 12% 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$4.36 | 2.1% +S$1.5b | 12.1% | PE12.8x | |
| CC3 StarHub | S$1.05 | 1.9% +S$34.5m | -7.9% | PE23.4x | |
| 1AZ Audience Analytics | S$0.24 | 2.1% +S$1.2m | -25.8% | PE12.9x | |
| 1D1 UnUsUaL | S$0.023 | 4.5% +S$1.0m | -70.1% | PS0.5x | |
| BAI Digilife Technologies | S$0.83 | 5.7% +S$602.4k | 19.3% | PS0.9x |