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Singaporean (SGX) Telecom Sector Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies17
  • 7D4.8%
  • 3M13.4%
  • 1Y47.1%
  • YTD12.3%

The Telecom industry is up 4.8% in the last week, with Singapore Telecommunications up 5.0%. In the last 12 months, the industry was up 47%. Looking forward, earnings are forecast to decline by 16% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026S$92.2bS$17.7bS$6.9b32.1x13.4x5.2x
Tue, 17 Feb 2026S$86.4bS$17.7bS$6.9b15.4x12.6x4.9x
Thu, 15 Jan 2026S$81.0bS$17.7bS$6.3b14.6x12.8x4.6x
Sat, 13 Dec 2025S$83.4bS$17.7bS$6.3b14.4x13.2x4.7x
Mon, 10 Nov 2025S$83.3bS$17.9bS$6.3b13.8x13.3x4.6x
Wed, 08 Oct 2025S$76.1bS$18.0bS$6.3b14.1x12.2x4.2x
Fri, 05 Sep 2025S$78.8bS$18.0bS$6.3b14.3x12.6x4.4x
Sun, 03 Aug 2025S$71.0bS$18.0bS$4.2b14.7x16.9x4x
Tue, 01 Jul 2025S$69.5bS$17.9bS$4.3b13.3x16.3x3.9x
Thu, 29 May 2025S$69.7bS$17.9bS$4.3b13.7x16.4x3.9x
Sat, 26 Apr 2025S$68.6bS$17.9bS$982.6m13.6x69.8x3.8x
Mon, 24 Mar 2025S$62.8bS$17.9bS$977.9m13.9x64.3x3.5x
Wed, 19 Feb 2025S$61.5bS$18.1b-S$501,071,854.7617.1x-122.7x3.4x
Fri, 17 Jan 2025S$57.9bS$18.1b-S$498,283,488.1617.5x-116.3x3.2x
Sun, 15 Dec 2024S$58.3bS$18.1b-S$498,719,796.9518.9x-116.9x3.2x
Tue, 12 Nov 2024S$59.4bS$18.1bS$638.2m16.4x93x3.3x
Thu, 10 Oct 2024S$59.1bS$18.1bS$646.3m16.1x91.4x3.3x
Sat, 07 Sep 2024S$58.3bS$18.1bS$648.6m16.4x89.9x3.2x
Mon, 05 Aug 2024S$55.1bS$18.3bS$289.5m16.5x190.4x3x
Wed, 03 Jul 2024S$52.2bS$18.3bS$279.8m17x186.6x2.9x
Fri, 31 May 2024S$47.1bS$18.3bS$275.9m15.4x170.8x2.6x
Sun, 28 Apr 2024S$46.3bS$18.5bS$2.6b13.9x17.8x2.5x
Tue, 26 Mar 2024S$48.0bS$18.5bS$2.6b13.3x18.4x2.6x
Thu, 22 Feb 2024S$45.7bS$18.2bS$3.4b12.6x13.3x2.5x
Sat, 20 Jan 2024S$46.0bS$18.2bS$3.4b12.8x13.7x2.5x
Mon, 18 Dec 2023S$46.2bS$18.2bS$3.4b12.8x13.7x2.5x
Wed, 15 Nov 2023S$45.0bS$18.1bS$3.4b12.2x13.4x2.5x
Fri, 13 Oct 2023S$46.4bS$18.1bS$2.2b19.3x20.7x2.6x
Sun, 10 Sep 2023S$44.7bS$18.1bS$2.2b18.4x19.9x2.5x
Tue, 08 Aug 2023S$47.1bS$18.2bS$2.4b22.6x19.7x2.6x
Thu, 06 Jul 2023S$48.1bS$18.2bS$2.4b25x20.3x2.6x
Sat, 03 Jun 2023S$47.6bS$18.2bS$2.4b24.7x20.1x2.6x
Mon, 01 May 2023S$48.4bS$18.3bS$2.1b26.7x23.2x2.6x
Wed, 29 Mar 2023S$46.4bS$18.3bS$2.1b20.4x22.2x2.5x
Price to Earnings Ratio

22.2x


Total Market Cap: S$46.4bTotal Earnings: S$2.1bTotal Revenue: S$18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Telecom Sector Price to Earnings3Y Average 28.8x202420252026
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 Market1.83%
Telecom4.76%
Telecom Services and Carriers4.86%
Wireless Telecom1.98%
Media0.99%
Entertainment-1.60%
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?

CompanyLast Price7D1YValuation
Z74 Singapore TelecommunicationsS$5.215.0%
+S$4.1b		52.3%PE12.7x
CJLU NetLink NBN TrustS$0.981.0%
+S$39.0m		13.3%PE44.1x
CC3 StarHubS$1.022.0%
+S$34.5m		-13.6%PE22.6x
E27 Place HoldingsS$0.00350.0%
+S$5.9m		0%PB0.2x
42F TOTM TechnologiesS$0.0258.7%
+S$3.0m		25.0%PS6.8x

Latest News

CC3
S$1.02
StarHub
7D
2.0%
1Y
-13.6%

CC3: Fair Value View Will Emphasise Roaming Initiative And Lower Earnings Multiple

Analysts have slightly reduced their StarHub price target from SGD1.08 to SGD1.07, reflecting updated assumptions on revenue growth, profit margins and future P/E. The overall valuation view remains broadly unchanged.
E27
S$0.003
Place Holdings
7D
50.0%
1Y
0%
1AZ
S$0.26
Audience Analytics
7D
4.0%
1Y
-5.5%
WKS
S$0.23
Winking Studios
7D
-4.3%
1Y
-19.6%
S7OU
S$0.089
Asian Pay Television Trust
7D
-3.3%
1Y
11.3%
BAI
S$1.00
Digilife Technologies
7D
-1.0%
1Y
13.6%
XJB
S$0.15
G.H.Y Culture & Media Holding
7D
0.7%
1Y
-14.1%
LVR
S$0.78
17LIVE Group
7D
-3.7%
1Y
-0.6%
Z74
S$5.21
Singapore Telecommunications
7D
5.0%
1Y
52.3%
CJLU
S$0.98
NetLink NBN Trust
7D
1.0%
1Y
13.3%
42F
S$0.025
TOTM Technologies
7D
8.7%
1Y
25.0%
9VW
S$0.13
Spackman Entertainment Group
7D
47.1%
1Y
28.0%