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Singaporean (SGX) Telecom Sector Analysis

UpdatedSep 23, 2023
DataAggregated Company Financials
Companies16
  • 7D1.1%
  • 3M-2.2%
  • 1Y-8.5%
  • YTD-4.0%

Over the last 7 days, the Telecom industry has risen 1.1%, driven by gains from Singapore Telecommunications of 1.3%. Meanwhile, Asian Pay Television Trust actually underperformed within the industry, shrinking 5.9% in the last week. However, the industry is down 8.5% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 28 Oct 2022S$46.2bS$18.4bS$2.3b11.3x19.8x2.5x
Sun, 25 Sep 2022S$50.8bS$18.4bS$2.3b10.8x21.8x2.8x
Tue, 23 Aug 2022S$51.2bS$18.6bS$2.1b9.7x23.9x2.7x
Thu, 21 Jul 2022S$51.7bS$18.6bS$2.2b13x24x2.8x
Sat, 18 Jun 2022S$52.2bS$19.0bS$2.3b15.2x22.2x2.7x
Mon, 16 May 2022S$57.0bS$19.2bS$1.5b15.2x37.2x3x
Wed, 13 Apr 2022S$54.9bS$19.2bS$1.5b15.9x35.9x2.9x
Fri, 11 Mar 2022S$53.6bS$19.2bS$1.5b15.3x35x2.8x
Sun, 06 Feb 2022S$53.0bS$19.6bS$1.4b18.4x38.3x2.7x
Tue, 04 Jan 2022S$50.3bS$19.6bS$1.4b19.4x36.2x2.6x
Thu, 02 Dec 2021S$51.5bS$19.6bS$1.4b19.4x36.9x2.6x
Sat, 30 Oct 2021S$52.7bS$19.6bS$1.4b16.5x38.7x2.7x
Mon, 27 Sep 2021S$52.3bS$20.0bS$1.1b21.8x48.6x2.6x
Wed, 25 Aug 2021S$50.4bS$20.0bS$1.1b23.1x47.9x2.5x
Thu, 01 Jul 2021S$48.8bS$20.0bS$1.1b27.1x46.4x2.4x
Sun, 04 Apr 2021S$74.4bS$19.7bS$590.4m22.7x125.9x3.8x
Wed, 06 Jan 2021S$72.6bS$19.5bS$1.2b19.2x62.9x3.7x
Sat, 10 Oct 2020S$71.4bS$19.8bS$1.7b15.2x41x3.6x
Price to Earnings Ratio

41x


Total Market Cap: S$71.4bTotal Earnings: S$1.7bTotal Revenue: S$19.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 41.1x202120222023
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 20.8x which is lower than its 3-year average PE of 41.1x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

SG Market-1.90%
Telecom1.13%
Wireless Telecom2.78%
Telecom Services and Carriers1.15%
Interactive Media and Services0%
Entertainment-2.12%
Media-3.31%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings decline of 47.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 143% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 9.5% 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$2.431.3%
+S$495.3m		-8.3%PE19.3x
CC3 StarHubS$1.122.8%
+S$50.5m		-3.4%PE27.5x
BAI Digilife TechnologiesS$2.074.5%
+S$1.2m		47.9%PE60.1x
1AZ Audience AnalyticsS$0.321.6%
+S$846.5k		26.0%PE8.6x
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Latest News

Z74

S$2.43

Singapore Telecommunications

7D

1.3%

1Y

-8.3%

42F

S$0.047

TOTM Technologies

7D

-4.1%

1Y

-62.7%

CC3

S$1.12

StarHub

7D

2.8%

1Y

-3.4%

StarHub (SGX:CC3) Seems To Use Debt Quite Sensibly

Sep 07
StarHub (SGX:CC3) Seems To Use Debt Quite Sensibly

SEJ

S$0.091

NoonTalk Media

7D

-13.3%

1Y

n/a

BAI

S$2.07

Digilife Technologies

7D

4.5%

1Y

47.9%

S7OU

S$0.096

Asian Pay Television Trust

7D

-5.9%

1Y

-11.9%

1AZ

S$0.32

Audience Analytics

7D

1.6%

1Y

26.0%

XJB

S$0.38

G.H.Y Culture & Media Holding

7D

-2.6%

1Y

-19.1%

1B0

S$0.039

mm2 Asia

7D

-2.5%

1Y

-18.8%