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Singaporean (SGX) Market Analysis & Valuation

UpdatedOct 06, 2024
DataAggregated Company Financials
Companies521
  • 7D0.5%
  • 3M6.4%
  • 1Y10.9%
  • YTD8.9%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 6.0% in that time. As for the longer term, the market has risen 11% in the past 12 months. Earnings are forecast to grow by 10% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 06 Oct 2024S$713.9bS$542.3bS$45.0b11.7x15.9x1.3x
Tue, 03 Sep 2024S$685.2bS$545.8bS$44.8b11.2x15.3x1.3x
Thu, 01 Aug 2024S$683.4bS$546.7bS$44.6b11.7x15.3x1.2x
Sat, 29 Jun 2024S$660.5bS$548.6bS$44.4b12x14.9x1.2x
Mon, 27 May 2024S$658.4bS$547.1bS$44.5b11.7x14.8x1.2x
Wed, 24 Apr 2024S$652.2bS$547.8bS$46.8b11.9x13.9x1.2x
Fri, 22 Mar 2024S$644.6bS$544.4bS$47.1b11.5x13.7x1.2x
Sun, 18 Feb 2024S$648.6bS$554.4bS$49.7b12x13.1x1.2x
Tue, 16 Jan 2024S$655.3bS$570.7bS$51.9b12.3x12.6x1.1x
Thu, 14 Dec 2023S$641.5bS$572.4bS$52.3b12.2x12.3x1.1x
Sat, 11 Nov 2023S$640.4bS$574.8bS$53.7b12x11.9x1.1x
Mon, 09 Oct 2023S$662.9bS$573.9bS$52.4b12.4x12.6x1.2x
Wed, 06 Sep 2023S$677.5bS$573.6bS$52.4b12.9x12.9x1.2x
Fri, 04 Aug 2023S$694.4bS$582.0bS$56.3b12.1x12.3x1.2x
Sun, 02 Jul 2023S$682.8bS$579.5bS$56.8b11.9x12x1.2x
Tue, 30 May 2023S$634.2bS$568.2bS$51.7b11.3x12.3x1.1x
Thu, 27 Apr 2023S$705.3bS$569.6bS$54.0b11.6x13.1x1.2x
Sat, 25 Mar 2023S$599.3bS$558.5bS$48.1b11.1x12.5x1.1x
Mon, 20 Feb 2023S$711.4bS$561.0bS$57.9b10.6x12.3x1.3x
Wed, 18 Jan 2023S$703.4bS$558.9bS$58.1b10.3x12.1x1.3x
Fri, 16 Dec 2022S$700.4bS$562.4bS$57.8b10.3x12.1x1.2x
Sun, 13 Nov 2022S$688.6bS$563.2bS$57.6b10.3x12x1.2x
Tue, 11 Oct 2022S$669.5bS$563.6bS$54.8b10.4x12.2x1.2x
Thu, 08 Sep 2022S$705.0bS$560.1bS$54.8b10.7x12.9x1.3x
Sat, 06 Aug 2022S$717.0bS$530.5bS$49.5b11.4x14.5x1.4x
Mon, 04 Jul 2022S$686.4bS$533.4bS$47.7b11.3x14.4x1.3x
Wed, 01 Jun 2022S$700.5bS$527.9bS$47.8b12x14.6x1.3x
Fri, 29 Apr 2022S$723.7bS$526.6bS$46.3b12.2x15.6x1.4x
Sun, 27 Mar 2022S$734.9bS$524.8bS$45.7b12.2x16.1x1.4x
Tue, 22 Feb 2022S$731.8bS$487.7bS$36.5b12.9x20.1x1.5x
Thu, 20 Jan 2022S$706.9bS$483.0bS$31.5b13.3x22.5x1.5x
Sat, 18 Dec 2021S$677.3bS$483.9bS$31.2b13x21.7x1.4x
Mon, 15 Nov 2021S$724.0bS$486.5bS$30.4b13.4x23.8x1.5x
Wed, 13 Oct 2021S$704.1bS$480.2bS$24.9b13.3x28.2x1.5x
Price to Earnings Ratio

28.2x


Total Market Cap: S$704.1bTotal Earnings: S$24.9bTotal Revenue: S$480.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.7x202220232024
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 14.7x.
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 4.1% 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 Market0.50%
Energy6.03%
Industrials1.71%
Consumer Discretionary1.33%
Utilities1.07%
Real Estate0.58%
Tech0.25%
Healthcare0.16%
Financials0.14%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.012%
Materials-0.39%
Telecom-0.62%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 39.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.6%, 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 11.9x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% 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
D05 DBS Group HoldingsS$38.041.2%
+S$1.3b
23.8%PB1.7xFinancials
5E2 SeatriumS$1.9915.0%
+S$881.1m
-19.1%PS0.8xIndustrials
H78 Hongkong Land HoldingsUS$3.936.5%
+US$529.6m
13.3%PS4xReal Estate
J36 Jardine Matheson HoldingsUS$40.094.3%
+US$476.7m
-11.8%PE145.7xIndustrials
C38U CapitaLand Integrated Commercial TrustS$2.12-1.4%
S$592.6m
19.8%PB1.1xReal Estate
See more
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Market Insights

In last week’s third-quarter review, we mentioned that financial sector stocks are showing signs of life and beginning to outperform. In the era of ‘easy money’, cloud computing, and AI, the financial sector has taken a back seat for a lot of investors...

Latest News

C2PU

S$4.08

Parkway Life Real Estate Investment Trust

7D

-2.9%

1Y

10.9%

Z25

S$0.76

Yanlord Land Group

7D

48.0%

1Y

18.0%

J36

US$40.09

Jardine Matheson Holdings

7D

4.3%

1Y

-11.8%

S68

S$11.68

Singapore Exchange

7D

3.6%

1Y

19.5%

C38U

S$2.12

CapitaLand Integrated Commercial Trust

7D

-1.4%

1Y

19.8%

D05

S$38.04

DBS Group Holdings

7D

1.2%

1Y

23.8%

U11

S$31.86

United Overseas Bank

7D

-1.1%

1Y

12.7%

C6L

S$6.60

Singapore Airlines

7D

-0.8%

1Y

0.8%

Z74

S$3.19

Singapore Telecommunications

7D

-0.6%

1Y

34.0%

5E2

S$1.99

Seatrium

7D

15.0%

1Y

-19.1%

S58

S$3.83

SATS

7D

6.7%

1Y

50.8%