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Singaporean (SGX) Market Analysis & Valuation

UpdatedSep 01, 2024
DataAggregated Company Financials
Companies523
  • 7D1.5%
  • 3M3.1%
  • 1Y3.3%
  • YTD4.1%

In the last week, the market is up 1.5% led by Financials sector. As for the past 12 months, the market is up 3.3%. 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
Sun, 01 Sep 2024S$682.0bS$545.7bS$44.9b11x15.2x1.2x
Tue, 30 Jul 2024S$681.7bS$546.9bS$44.6b11.9x15.3x1.2x
Thu, 27 Jun 2024S$660.3bS$548.9bS$44.4b11.9x14.9x1.2x
Sat, 25 May 2024S$658.4bS$546.9bS$44.6b11.6x14.8x1.2x
Mon, 22 Apr 2024S$636.0bS$547.6bS$46.8b11.8x13.6x1.2x
Wed, 20 Mar 2024S$635.3bS$544.7bS$47.1b11.3x13.5x1.2x
Fri, 16 Feb 2024S$640.2bS$554.8bS$49.8b11.9x12.8x1.2x
Sun, 14 Jan 2024S$654.4bS$570.5bS$51.9b12.4x12.6x1.1x
Tue, 12 Dec 2023S$639.8bS$572.3bS$52.3b12.1x12.2x1.1x
Thu, 09 Nov 2023S$645.0bS$574.3bS$52.6b12.1x12.3x1.1x
Sat, 07 Oct 2023S$662.9bS$574.2bS$52.5b12.4x12.6x1.2x
Mon, 04 Sep 2023S$679.2bS$572.7bS$52.4b13.4x13x1.2x
Wed, 02 Aug 2023S$708.1bS$580.4bS$56.2b12.3x12.6x1.2x
Fri, 30 Jun 2023S$686.2bS$580.0bS$56.8b11.8x12.1x1.2x
Sun, 28 May 2023S$684.2bS$580.2bS$56.9b11.3x12x1.2x
Tue, 25 Apr 2023S$711.7bS$569.6bS$54.0b11.5x13.2x1.2x
Thu, 23 Mar 2023S$600.1bS$558.0bS$48.1b11x12.5x1.1x
Sat, 18 Feb 2023S$711.4bS$561.5bS$58.0b10.5x12.3x1.3x
Mon, 16 Jan 2023S$706.3bS$558.5bS$58.1b10.2x12.1x1.3x
Wed, 14 Dec 2022S$699.7bS$562.6bS$57.8b10.4x12.1x1.2x
Fri, 11 Nov 2022S$676.9bS$567.2bS$57.7b10.2x11.7x1.2x
Sun, 09 Oct 2022S$677.4bS$563.6bS$54.8b10.5x12.4x1.2x
Tue, 06 Sep 2022S$702.4bS$559.3bS$54.8b10.8x12.8x1.3x
Thu, 04 Aug 2022S$710.6bS$530.1bS$49.0b11.4x14.5x1.3x
Sat, 02 Jul 2022S$686.3bS$532.3bS$47.7b11.2x14.4x1.3x
Mon, 30 May 2022S$698.6bS$528.4bS$47.8b11.9x14.6x1.3x
Wed, 27 Apr 2022S$722.1bS$525.7bS$46.0b12.3x15.7x1.4x
Fri, 25 Mar 2022S$732.4bS$524.8bS$45.7b12.1x16x1.4x
Sun, 20 Feb 2022S$731.4bS$487.0bS$36.2b13.1x20.2x1.5x
Tue, 18 Jan 2022S$707.9bS$482.4bS$31.4b13.3x22.5x1.5x
Thu, 16 Dec 2021S$679.3bS$484.7bS$31.2b13x21.8x1.4x
Sat, 13 Nov 2021S$724.0bS$484.1bS$27.6b13.5x26.2x1.5x
Mon, 11 Oct 2021S$702.5bS$480.3bS$24.9b13.3x28.2x1.5x
Wed, 08 Sep 2021S$678.4bS$479.9bS$24.4b13.8x27.8x1.4x
Price to Earnings Ratio

27.8x


Total Market Cap: S$678.4bTotal Earnings: S$24.4bTotal Revenue: S$479.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 15.1x202220232024
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 15.1x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market1.53%
Telecom5.67%
Utilities3.09%
Real Estate2.02%
Tech1.66%
Consumer Staples1.53%
Financials1.33%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.0066%
Materials-0.50%
Consumer Discretionary-0.57%
Healthcare-0.78%
Energy-3.47%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 38.1x.
    • Analysts are expecting annual earnings growth of 20.5%, which is lower than the prior year's growth of 25.0% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.1x.
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
Z74 Singapore TelecommunicationsS$3.136.5%
+S$3.1b
31.5%PE51.6xTelecom
D05 DBS Group HoldingsS$36.361.3%
+S$1.3b
20.1%PB1.6xFinancials
U11 United Overseas BankS$31.392.0%
+S$1.0b
10.4%PB1.2xFinancials
O39 Oversea-Chinese BankingS$14.551.2%
+S$769.4m
15.9%PB1.1xFinancials
Y92 Thai BeverageS$0.535.0%
+S$628.2m
-7.0%PE13.1xConsumer Staples
See more
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U96

S$4.93

Sembcorp Industries

7D

3.8%

1Y

-7.9%

9CI

S$2.71

CapitaLand Investment

7D

3.0%

1Y

-16.4%

A26

S$0.23

Sinarmas Land

7D

-6.1%

1Y

16.8%

D01

US$1.86

DFI Retail Group Holdings

7D

-2.6%

1Y

-24.7%

S63

S$4.45

Singapore Technologies Engineering

7D

-1.1%

1Y

16.8%

G13

S$0.81

Genting Singapore

7D

-1.2%

1Y

-8.0%

NO4

S$0.53

Dyna-Mac Holdings

7D

-9.5%

1Y

36.4%

Z74

S$3.13

Singapore Telecommunications

7D

6.5%

1Y

31.5%

D05

S$36.36

DBS Group Holdings

7D

1.3%

1Y

20.1%

U11

S$31.39

United Overseas Bank

7D

2.0%

1Y

10.4%