Here’s why the Singapore market has been Asia’s worst performer this year

Consensus earnings growth stands at -5.9%.

The little red dot has been the most worst performing market in Asia this year so far, headlined by its alarming economic growth.

According to a report by DBS, among other reasons why the Singapore market has been slowly losing its lustre include weak oil & gas industry imposing on employment and the services sector, cautious financial sector, and weak property market.

“Consensus earnings growth for MSCI Singapore stands at -5.9% this year, after falling 4.4% last year, and only 4.3% for next year,” the report noted.
Meanwhile, earnings recession is likely to be prolonged for the city-state, with GDP growth for next year at 1.9%, only 0.4% higher than this year’s 1.5%.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.