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Singaporean (SGX) Market Analysis & Valuation

UpdatedSep 28, 2024
DataAggregated Company Financials
Companies522
  • 7D-0.5%
  • 3M7.5%
  • 1Y8.7%
  • YTD8.4%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.3% in that time. More promisingly, the market is up 8.7% over the past year. Earnings are forecast to grow by 10.0% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Singaporean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Sep 2024S$710.0bS$539.4bS$44.9b11.4x15.8x1.3x
Mon, 26 Aug 2024S$671.7bS$546.3bS$44.9b11x15x1.2x
Wed, 24 Jul 2024S$683.7bS$547.0bS$44.6b11.9x15.3x1.2x
Fri, 21 Jun 2024S$656.7bS$548.1bS$44.4b11.8x14.8x1.2x
Sun, 19 May 2024S$658.6bS$546.5bS$46.9b11.6x14x1.2x
Tue, 16 Apr 2024S$640.0bS$547.6bS$46.8b11.9x13.7x1.2x
Thu, 14 Mar 2024S$635.0bS$543.5bS$47.1b11.6x13.5x1.2x
Sat, 10 Feb 2024S$633.7bS$554.4bS$49.8b11.8x12.7x1.1x
Mon, 08 Jan 2024S$656.9bS$570.6bS$52.2b12.5x12.6x1.2x
Wed, 06 Dec 2023S$636.6bS$571.9bS$52.3b12x12.2x1.1x
Fri, 03 Nov 2023S$643.9bS$574.4bS$52.3b12.2x12.3x1.1x
Sun, 01 Oct 2023S$672.0bS$574.4bS$52.5b12.8x12.8x1.2x
Tue, 29 Aug 2023S$675.1bS$573.0bS$52.7b13.2x12.8x1.2x
Thu, 27 Jul 2023S$699.8bS$575.5bS$56.6b12.1x12.4x1.2x
Sat, 24 Jun 2023S$682.3bS$579.9bS$56.8b11.5x12x1.2x
Mon, 22 May 2023S$691.7bS$579.2bS$56.6b11.4x12.2x1.2x
Wed, 19 Apr 2023S$710.0bS$569.3bS$54.0b11.6x13.2x1.2x
Fri, 17 Mar 2023S$681.4bS$571.8bS$54.2b11.1x12.6x1.2x
Sun, 12 Feb 2023S$718.6bS$558.7bS$57.5b10.6x12.5x1.3x
Tue, 10 Jan 2023S$705.5bS$559.8bS$57.7b10.2x12.2x1.3x
Thu, 08 Dec 2022S$692.8bS$562.5bS$57.8b10.5x12x1.2x
Sat, 05 Nov 2022S$669.7bS$563.0bS$55.4b10x12.1x1.2x
Mon, 03 Oct 2022S$676.0bS$564.4bS$54.8b10.5x12.3x1.2x
Wed, 31 Aug 2022S$709.0bS$558.5bS$54.7b10.7x13x1.3x
Fri, 29 Jul 2022S$702.6bS$531.8bS$47.6b11.5x14.8x1.3x
Sun, 26 Jun 2022S$689.9bS$531.4bS$47.6b11.4x14.5x1.3x
Tue, 24 May 2022S$696.1bS$529.1bS$47.2b11.9x14.7x1.3x
Thu, 21 Apr 2022S$725.9bS$525.1bS$45.9b12.2x15.8x1.4x
Sat, 19 Mar 2022S$716.0bS$524.4bS$45.7b11.9x15.7x1.4x
Mon, 14 Feb 2022S$728.2bS$485.1bS$34.8b12.9x20.9x1.5x
Wed, 12 Jan 2022S$702.6bS$483.3bS$31.4b13.3x22.3x1.5x
Fri, 10 Dec 2021S$685.7bS$481.8bS$31.7b13.2x21.6x1.4x
Sun, 07 Nov 2021S$724.7bS$481.3bS$26.6b13.5x27.2x1.5x
Tue, 05 Oct 2021S$695.2bS$481.0bS$24.5b13.1x28.4x1.4x
Price to Earnings Ratio

28.4x


Total Market Cap: S$695.2bTotal Earnings: S$24.5bTotal Revenue: S$481.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.8x202220232024
Current Market PE
  • Investors are relatively neutral on the Singaporean market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.8x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 22% per year over the last three years.
  • Revenues for these companies have grown 3.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market-0.48%
Energy4.26%
Utilities3.76%
Consumer Staples3.63%
Real Estate2.15%
Materials2.05%
Consumer Discretionary1.43%
Tech0.64%
Healthcare0.31%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.20%
Financials-2.46%
Telecom-4.96%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 39.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.5%, which is higher than its past year's earnings growth of 4.9% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
F34 Wilmar InternationalS$3.367.0%
+S$1.4b
-9.9%PE10.5xConsumer Staples
9CI CapitaLand InvestmentS$3.085.1%
+S$748.3m
-0.6%PE95.4xReal Estate
D01 DFI Retail Group HoldingsUS$2.1813.5%
+US$351.9m
-18.0%PE24.8xConsumer Staples
J36 Jardine Matheson HoldingsUS$38.452.5%
+US$276.1m
-17.2%PE139.7xIndustrials
C38U CapitaLand Integrated Commercial TrustS$2.152.4%
+S$345.5m
16.2%PB1xReal Estate
See more
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9CI

S$3.08

CapitaLand Investment

7D

5.1%

1Y

-0.6%

C38U

S$2.15

CapitaLand Integrated Commercial Trust

7D

2.4%

1Y

16.2%

D05

S$37.60

DBS Group Holdings

7D

-3.6%

1Y

22.9%

U11

S$32.22

United Overseas Bank

7D

-2.2%

1Y

13.1%

U96

S$5.60

Sembcorp Industries

7D

2.9%

1Y

10.0%

S63

S$4.62

Singapore Technologies Engineering

7D

-1.5%

1Y

18.2%

Z74

S$3.21

Singapore Telecommunications

7D

-5.6%

1Y

32.6%

S58

S$3.59

SATS

7D

-2.7%

1Y

38.1%