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Singaporean (SGX) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies518
  • 7D-1.2%
  • 3M4.1%
  • 1Y12.6%
  • YTD6.9%

Over the last 7 days, the market has dropped 1.2%, driven by losses in every sector, especially the Financials sector. As for the longer term, the market has actually risen by 13% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024S$690.4bS$536.8bS$43.8b11.5x15.7x1.3x
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
Price to Earnings Ratio

27.2x


Total Market Cap: S$724.7bTotal Earnings: S$26.6bTotal Revenue: S$481.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.4x202220232024
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 14.4x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-1.23%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.15%
Consumer Discretionary-0.42%
Consumer Staples-0.85%
Financials-1.16%
Telecom-1.58%
Materials-1.61%
Real Estate-1.79%
Healthcare-1.95%
Energy-2.36%
Tech-3.66%
Utilities-4.93%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 40.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.4%, 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 11.8x.
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 2.7% 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
H78 Hongkong Land HoldingsUS$4.316.9%
+US$617.9m
35.5%PS4.4xReal Estate
S58 SATSS$3.945.3%
+S$297.7m
59.5%PE110.3xIndustrials
J36 Jardine Matheson HoldingsUS$38.501.9%
+US$209.3m
-4.6%PE139.9xIndustrials
C6L Singapore AirlinesS$6.460.9%
+S$213.9m
5.7%PE8.6xIndustrials
D01 DFI Retail Group HoldingsUS$2.383.5%
+US$108.3m
11.7%PE27.1xConsumer Staples
See more
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S59

S$2.42

SIA Engineering

7D

2.5%

1Y

5.7%

Z74

S$3.13

Singapore Telecommunications

7D

-2.2%

1Y

28.8%

E5H

S$0.29

Golden Agri-Resources

7D

1.8%

1Y

7.4%

H78

US$4.31

Hongkong Land Holdings

7D

9.1%

1Y

34.7%

J36

US$38.50

Jardine Matheson Holdings

7D

1.8%

1Y

-6.1%

N2IU

S$1.31

Mapletree Pan Asia Commercial Trust

7D

-7.1%

1Y

0%

Z25

S$0.70

Yanlord Land Group

7D

7.7%

1Y

21.7%

D05

S$38.66

DBS Group Holdings

7D

-1.6%

1Y

30.2%

U11

S$32.16

United Overseas Bank

7D

-1.0%

1Y

19.4%

U96

S$5.04

Sembcorp Industries

7D

-5.4%

1Y

6.8%

S63

S$4.54

Singapore Technologies Engineering

7D

-3.4%

1Y

18.2%