Summary: The combined market capitalization of SGX-listed technology companies has crossed the S$50 billion mark for the first time, driven by strong earnings and valuation expansion.
Historic Valuation Milestone
The combined market capitalization of SGX-listed technology and semiconductor companies has surpassed S$50 billion for the first time in history. This milestone reflects growing confidence in Singapore's technology ecosystem and the strong operational performance of listed tech companies.
Leading contributors include semiconductor equipment manufacturers, advanced packaging firms, and AI-related technology service providers, which together account for over 60% of the total market cap.
Analysts note that despite the milestone, SGX tech valuations remain at a discount compared to US and regional peers, suggesting potential for further re-rating.
