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Singaporean (SGX) Market Analysis & Valuation

UpdatedNov 09, 2024
DataAggregated Company Financials
Companies520
  • 7D3.0%
  • 3M11.8%
  • 1Y15.0%
  • YTD10.0%

The market has climbed 3.0% in the last 7 days, lead by the Financials sector with a gain of 8.0%. In the last year, the market has climbed 15%. As for the next few years, earnings are expected to grow by 10% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Nov 2024S$711.1bS$538.0bS$44.8b11.5x15.9x1.3x
Mon, 07 Oct 2024S$713.9bS$542.3bS$45.0b11.7x15.9x1.3x
Wed, 04 Sep 2024S$687.3bS$546.2bS$44.8b11x15.3x1.3x
Fri, 02 Aug 2024S$676.9bS$546.2bS$44.5b11.7x15.2x1.2x
Sun, 30 Jun 2024S$660.6bS$548.7bS$44.3b12x14.9x1.2x
Tue, 28 May 2024S$659.9bS$546.9bS$44.5b11.8x14.8x1.2x
Thu, 25 Apr 2024S$656.1bS$547.5bS$47.0b11.7x14x1.2x
Sat, 23 Mar 2024S$643.6bS$545.7bS$47.1b11.5x13.7x1.2x
Mon, 19 Feb 2024S$648.6bS$554.5bS$49.7b12x13x1.2x
Wed, 17 Jan 2024S$652.7bS$571.6bS$52.0b12.3x12.6x1.1x
Fri, 15 Dec 2023S$641.9bS$570.5bS$52.2b12.6x12.3x1.1x
Sun, 12 Nov 2023S$640.4bS$575.1bS$54.0b12x11.9x1.1x
Tue, 10 Oct 2023S$660.3bS$574.5bS$52.5b12.4x12.6x1.1x
Thu, 07 Sep 2023S$675.7bS$573.6bS$52.4b12.8x12.9x1.2x
Sat, 05 Aug 2023S$692.9bS$592.7bS$57.6b12.3x12x1.2x
Mon, 03 Jul 2023S$682.8bS$579.5bS$56.8b11.9x12x1.2x
Wed, 31 May 2023S$679.3bS$580.2bS$56.9b11.3x11.9x1.2x
Fri, 28 Apr 2023S$702.2bS$570.0bS$54.0b11.5x13x1.2x
Sun, 26 Mar 2023S$599.2bS$558.4bS$48.1b11.1x12.5x1.1x
Tue, 21 Feb 2023S$707.8bS$560.8bS$57.9b10.6x12.2x1.3x
Thu, 19 Jan 2023S$705.6bS$558.3bS$58.1b10.4x12.1x1.3x
Sat, 17 Dec 2022S$695.4bS$562.8bS$57.8b10.2x12x1.2x
Mon, 14 Nov 2022S$688.7bS$563.3bS$57.5b10.2x12x1.2x
Wed, 12 Oct 2022S$667.7bS$564.7bS$54.8b10.2x12.2x1.2x
Fri, 09 Sep 2022S$706.3bS$560.5bS$54.8b10.8x12.9x1.3x
Sun, 07 Aug 2022S$717.0bS$531.4bS$49.8b11.3x14.4x1.3x
Tue, 05 Jul 2022S$689.4bS$533.3bS$47.6b11.3x14.5x1.3x
Thu, 02 Jun 2022S$701.6bS$528.5bS$47.9b12x14.6x1.3x
Sat, 30 Apr 2022S$728.7bS$527.3bS$46.3b12.2x15.7x1.4x
Mon, 28 Mar 2022S$734.9bS$524.8bS$45.7b12.2x16.1x1.4x
Wed, 23 Feb 2022S$724.4bS$484.1bS$36.3b12.8x19.9x1.5x
Fri, 21 Jan 2022S$708.9bS$482.6bS$31.5b13.4x22.5x1.5x
Sun, 19 Dec 2021S$677.7bS$484.1bS$31.2b13x21.7x1.4x
Tue, 16 Nov 2021S$726.3bS$486.8bS$30.7b13.5x23.6x1.5x
Price to Earnings Ratio

23.6x


Total Market Cap: S$726.3bTotal Earnings: S$30.7bTotal Revenue: S$486.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.3x202220232024
Current Market PE
  • Investors are optimistic on the Singaporean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.9x which is higher than its 3-year average PE of 14.3x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 13% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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 Market3.05%
Financials8.04%
Telecom4.26%
Industrials1.70%
Healthcare1.43%
Consumer Staples0.74%
Tech0.65%
Utilities0.063%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.90%
Energy-1.34%
Real Estate-2.09%
Consumer Discretionary-3.32%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 41.2x.
    • 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 3.6% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% 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$42.409.4%
+S$10.4b
40.6%PB1.8xFinancials
U11 United Overseas BankS$35.6911.2%
+S$6.0b
30.3%PB1.3xFinancials
O39 Oversea-Chinese BankingS$16.065.8%
+S$4.0b
23.8%PB1.3xFinancials
Z74 Singapore TelecommunicationsS$3.254.8%
+S$2.5b
37.7%PE53.6xTelecom
J36 Jardine Matheson HoldingsUS$40.815.0%
+US$563.4m
2.1%PE148.9xIndustrials
See more
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D05

S$42.40

DBS Group Holdings

7D

9.4%

1Y

40.6%

O39

S$16.06

Oversea-Chinese Banking

7D

5.8%

1Y

23.8%

BUOU

S$1.00

Frasers Logistics & Commercial Trust

7D

-6.5%

1Y

-4.8%

S63

S$4.68

Singapore Technologies Engineering

7D

3.1%

1Y

24.5%

Z74

S$3.25

Singapore Telecommunications

7D

4.8%

1Y

37.7%

9CI

S$2.79

CapitaLand Investment

7D

-1.8%

1Y

-5.1%

C38U

S$1.97

CapitaLand Integrated Commercial Trust

7D

-3.0%

1Y

10.1%

H78

US$4.63

Hongkong Land Holdings

7D

3.3%

1Y

43.3%

J69U

S$2.11

Frasers Centrepoint Trust

7D

-6.2%

1Y

0%

J36

US$40.81

Jardine Matheson Holdings

7D

5.0%

1Y

2.1%

N2IU

S$1.24

Mapletree Pan Asia Commercial Trust

7D

-3.9%

1Y

-6.8%

A17U

S$2.61

CapitaLand Ascendas REIT

7D

-2.2%

1Y

-3.0%

U11

S$35.69

United Overseas Bank

7D

11.2%

1Y

30.3%