As of September 11, 2024, the largest company in Singapore is the DBS Group, with a market capitalization of 81.33 billion Singapore dollars. The largest three companies in Singapore by market capitalization were two of its largest banks, followed by consumer internet company Sea Limited.
DBS, OCBC, and UOB - stalwarts of Singapore’s financial sector
Singapore’s three largest banking groups – DBS Group, OCBC, and UOB, are seen as stable stock market investments. They routinely make up the top three leading companies by market capitalization and rank consistently among the most valuable brands in Singapore. Despite the global economic turmoil, these three banks were forecast to turn profits in 2023, being among the biggest beneficiaries of rising interest rates in the Asia-Pacific region. Singapore is a leading financial hub in the Asia-Pacific region, and its financial sector makes up the third-largest sector of its economy.
Sea Limited and Grab - volatility of tech companies in the stock market
Among the largest companies in Singapore are two of its biggest tech companies, Sea Limited and Grab Holdings. Sea Limited operates the e-commerce marketplace Shopee and online gaming company Garena, while Grab Holdings is a super-app that provides ride-hailing, food delivery, and digital payment services. Despite the popularity of their services, both companies have faced a turbulent year, with Grab Holdings seeing their share prices drop during the first day of trading. Once valued more than DBS, OCBC, and UOB combined, Sea Limited saw its valuation drop in 2022 amidst net losses of around two billion U.S. dollars in 2021.
Largest companies based on market capitalization in Singapore as of September 11, 2024
Characteristic
Market capitalization in billion Singapore dollars
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CompaniesMarketCap.com. (September 11, 2024). Largest companies based on market capitalization in Singapore as of September 11, 2024 [Graph]. In Statista. Retrieved September 19, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/
CompaniesMarketCap.com. "Largest companies based on market capitalization in Singapore as of September 11, 2024." Chart. September 11, 2024. Statista. Accessed September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/
CompaniesMarketCap.com. (2024). Largest companies based on market capitalization in Singapore as of September 11, 2024. Statista. Statista Inc.. Accessed: September 19, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/
CompaniesMarketCap.com. "Largest Companies Based on Market Capitalization in Singapore as of September 11, 2024." Statista, Statista Inc., 11 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/
CompaniesMarketCap.com, Largest companies based on market capitalization in Singapore as of September 11, 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/ (last visited September 19, 2024)
Largest companies based on market capitalization in Singapore as of September 11, 2024 [Graph], CompaniesMarketCap.com, September 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1347156/singapore-leading-companies-by-market-capitalization/