Shields up: Singapore defends against market volatility with 7.7% YTD gain

Thanks to the renewal of interest in the Singapore market.

The Singapore market continues to stay strong with a year-to-date (YTD) gain of 7.7%, according to a report from OCBC.

This is despite the possible defaults and regulatory concern in China. Losses were felt in Asia and the US.

Trading volume and activities were also recorded as having the best performance in the past four years.

Bloomberg reported that Temasek Holding’s interest in Singapore and regional mid-cap firms. This, along with the Singapore Exchange’s outlining of rules for the listing of Special Purpose Acquisition Company, has the potential to stem the decline in IPOs.

Valuations are also currently not demanding and are more enticing compared to other regional markets.

“At current valuations, the STI is trading at a price-earnings ratio of 12.4x and price-book of 1.0x, with an attractive estimated dividend yield of 4.4%. Most Singapore sectors are up for the year. Based on PER, the STI is currently trading below the 10-year historical average. In terms of price-book, it is also at below 10-year average. With optimism over the gradual re-opening of the economy, earnings have also been revised up. In addition, Singapore valuations are attractive versus other regional markets.”

Follow the link for more news on

OCBC Treasury Research

stock market

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia