Companies in Singapore with the Highest Market Value According to SGX
Author: Julie Marie Bedas
Singapore is dubbed as the “Lion City” because it is well- known for its legendary Merlion. But little did we know, Singapore has also become a great lion in the context of global economy. Business Environment Risk Intelligence (BERI), a US-based research institute, ranked the country as the number one city with the best investment potential. In addition, World Bank reported that it is the world’s easiest place to do business. To top it all off, Singapore is Asia’s most network-ready country, has the best intellectual property protection, best logistics supply chain performance. You can name any business-related research or study, and the country is most likely to be ranked on top or if not, one of the top in the list.
It is interesting to know what companies are succeeding in one of the countries in the world with the richest economy. Below is an enumeration of the top 20 companies in Singapore according to their market value. The standardised list is based on the constantly-updated site, Singapore Exchange (SGX):
Because of the tight stock market competition, the companies’ rank are constantly changing, and some companies listed below might already be removed outside the top 20 list. The ranks below is the current list in the SGX site upon the creation of this article, however you can head to the site yourself for a more updated version.
1. DBS Bank Limited (DBS)
Market Value: S$ 43,301,686.6
CEO: Piyush Gupta
DBS is dubbed as “the safest bank in Asia” by Global Finance for six consecutive years. Formerly known as The Development Bank of Singapore, it is the leading Singaporean bank with growing presence throughout 280 branches across USA, UK, China, South and Southeast Asia. Financial services include loans and support to entrepreneurs for both startups and established companies, and commercial banking operations.
2. United Overseas Bank Limited (UOB)
Market Value:S$ 40,371,281
CEO:Wee Ee Cheong
UOB is the second largest bank in Singapore with 250 operating branches throughout France, Canada, USA, UK and Asia. It provides services on commercial banking, investment banking, and corporate and institutional banking.
3. Singapore Telecommunications Limited (SingTel)
Market Value:S$ 21,344,075
CEO: Chua Sock Koong
SingTel is a telecommunications company which provides telecommunications equipment, and Internet Service Provider (ISP), Internet Protocol Television (IPTV), and mobile and landline networks services. It has since expanded outside Singapore by acquiring Australian telecommunications Optus, and India’s Bharti Airtel.
4. Global Logistic Properties Limited (GLP)
Market Value:S$ 17,371,632
CEO: Ming Z. Mei
GLP owns, develops, manages and leases facilities with a property portfolio including 441 million square feet of logistics facilities across China, Japan, USA, and Brazil.
5. Oversea- Chinese Banking Corporation Limited (OCBC)
Market Value: S$ 14,623,940.8
CEO: Samuel N. Tsien
OCBC has branches and subsidiaries in over 18 countries and territories. Their financial services include consumer banking, business banking, investment banking, insurance, asset management and brokerage.
6. CapitaLand Limited
Market Value: S$ 13,839,823
CEO: Lim Ming Yan
Capital Land Limited is established in over 20 countries with core markets in Singapore, China and Australia. It also has a growing presence in other parts of Asia and Europe. Properties include malls, serviced residences, homes, and offices. It is also involved with real estate financial services.
7. Neptune Orient Lines (NOL)
Market Value: S$ 8,878,678
CEO: Ng Yat Chung
NOL is a global container shipping company that delivers service through its core business, American President Lines (APL). It ships cargo in over 160 ports in more than 50 countries worldwide.
8. Jardine Matheson Holdings Limited (JMH)
Market Value: S$ 7,837,203.4
CEO: Henry Keswick
JMH has its core market in Asia but, it also has its growing presence in other parts of the globe. It is currently involved in the fields of engineering and construction, transport services, insurance broking, property investment and development, retailing, restaurants, luxury hotels, motor vehicles and related activities, financial services, heavy equipment, mining and agribusiness.
9. Jardine Strategic Holdings Limited (JSH)
Market Value: S$ 6,647,919
CEO: Henry Keswick
JSH is a part of Jardine Matheson Holdings (JMH) with principal interests in the company and its subsidiaries: Hong Kong Land, Dairy Farm, Mandarin Oriental, and Cycle and Carriage.
10. Singapore Airlines Limited (SIA)
Market Value: S$ 6,485,162
CEO: Goh Choon Phong
SIA is the flag carrier of Singapore with destinations spanning into six continents. It often tops the list of quality airlines all over the world. It also has a a strong presence majorly in Asia and Oceania.
11. Noble Group Limited
Market Value: S$ 6,065,598.5
CEO: Yusuf Alireza
Noble Group Limited owns a global supply chain in more than 60 locations to over 40 nations. They facilitate in the processing, marketing, financing and transportation of essential raw materials including industrial, energy, and agriculture products.
12. ComfortDelGro Corporation
Market Value: S$ 5,997,354
CEO: Kua Hong Pak
ComfortDelGro is one of the biggest land transport company worldwide operating in 7 countries with over 46, 300 vehicles. Their business includes vehicle rental and leasing, driving centre, automotive engineering, inspection and testing services, insurance services and outdoor advertising.
13. HongkongLand Limited
Market Value: S$ 5,830,484
CEO: Y. K. Pang
HongkongLand Limited is a subsidiary of Jardine Matheson Holdings (JMH). It is currently involved in property investment, development, and management throughout Asia with core markets in commercial and residential properties.
14. Keppel Corporation
Market Value: S$ 5,721,193
CEO: Loh Chin Hua
Keppel Corporation operates in more than 30 countries. It is engaged in the field of offshore and marine, infrastructure, and property management, development and investment.
15. Wilmar International
Market Value: S$ 5,449,071
CEO:Kuok Khoon Hong
Wilmar International is engaged in agriculture business with over 450 manufacturing plants in more than 50 countries. The company’s portfolio encompasses “palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemical, biodiesel and fertiliser manufacturing, consumer pack edible oils processing and merchandising, soy protein manufacturing, rice and flour milling, and grain merchandising.”
16. Singapore Exchange (SGX)
Market Value:S$ 5,130,006
CEO: Chew Choon Seng
SGX is a global holding company involved in trading and clearing, and settlement and depository services. More than 40% of the investments are outside Singapore which is centered in Asia’s three largest economies, Japan, China and India.
17. Ascendas Real Estate Investment Trust (A- REIT)
Market Value: S$ 3,981,999.8
CEO: Tan Ser Ping
A- REIT provides business space and industrial real estate investment trust. Their property portfolio includes over 1,410 international and local companies in Singapore and China.
18. CapitaLand Commercial Trust
Market Value: S$ 3,627,244.6
CEO: Chin Yee Leong
CapitaLand Commercial Trust is currently involved in investing, developing and managing income-producing properties in Singapore.
19. Genting Singapore PLC (Genting Sing)
Market Value:S$ 3,338,382.5
CEO: Tan Sri Lim Kok Thay
Genting Sing provides leisure and hospitality services through their various resorts. Their resorts can be found in Malaysia, Philippines, Australia, UK and South and North America; the largest of which is Resorts World Sentosa in Singapore.
20. Ezion Holdings
Market Value: S$ 3,248,985.5
CEO:Chew Thiam Keng
Ezion Holdings owns, develops and manages marine assets. It also provides services through offshore logistics and oil and gas industries.