Ivan Shim

🇸🇬 Singapore Top 10 Companies by Market Capitalization (2025)

Below is an updated snapshot of Singapore’s largest public companies by market capitalization, based on data compiled from SGX, Yahoo Finance, and TradingView (as of October 2025).
Values are approximate and expressed in billion Singapore dollars (SGD B).

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Market Cap (SGD B)	Code	Name	Sector
124.9	D05	DBS Group Holdings	Banking
68.0	O39	Oversea-Chinese Banking Corporation (OCBC)	Banking
58.8	U11	United Overseas Bank (UOB)	Banking
55.0	Z74	Singapore Telecommunications (Singtel)	Telecom
28.1	S63	ST Engineering	Industrial
20.5	C6L	Singapore Airlines	Transport
18.9	S68	Singapore Exchange (SGX)	Finance
17.8	F34	Wilmar International	Agribusiness
16.1	BN4	Keppel Corporation	Conglomerate
13.9	9CI	CapitaLand Investment	Property

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🧩 Key Insights

• The banking sector dominates Singapore’s corporate landscape, with DBS, OCBC, and UOB collectively making up over 40% of total STI market capitalization.
• Singtel remains the most valuable non-bank company, providing stable dividends and regional digital infrastructure exposure.
• ST Engineering, SGX, and Keppel deliver stability through diversified industrial and infrastructure income streams.
• CapitaLand Investment offers global real-estate and fund-management exposure, rounding out the top 10.

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Sources: SGX.com, Yahoo Finance, TradingView, SimplyWall.St – data as of October 2025.
Part of the SG Investments: Stocks & ETFs Project.
Last reviewed: October 2025.

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Temasek Major SGX Investments (as of 31 March 2024)

This table summarises Temasek Holdings’ major Singapore Exchange (SGX)-listed investments from the Temasek Review 2024, with verified shareholding percentages, SGX codes, current share prices (as of late 2025), total shares outstanding, and estimated capital held by Temasek in Singapore dollars (SG$).

Rank	Name	% Shareholding	SGX Code	Current Share Price (SG$)	Shares Outstanding (Billions)	Estimated Capital Held (SG$)
1	DBS Group Holdings Ltd	0.29	D05	53.23	2.84	43,786,960,000
2	Singapore Telecommunications Ltd	0.51	Z74	4.26	16.51	36,001,866,000
3	Singapore Technologies Engineering Ltd	0.51	S63	8.58	3.12	13,695,984,000
4	Singapore Airlines Ltd	0.53	C6L	6.62	3.07	10,816,580,000
5	Sembcorp Industries Ltd	0.49	U96	6.46	1.78	5,640,052,000
6	Keppel Ltd	0.21	BN4	9.68	1.82	3,660,192,000
7	Seatrium Ltd	0.36	5E2	2.18	3.39	2,661,192,000
8	SATS Ltd	0.40	S58	3.47	1.49	2,065,340,000
9	Olam Group Ltd	0.52	VC2	0.97	3.77	1,895,332,000

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Notes

• Prices are approximate as of late 2025, based on SGX sources.
• “Estimated Capital Held” = (Shareholding %) × (Shares Outstanding) × (Share Price).
• Data compiled from Temasek Review 2024, SGX filings, and market data sources.

Prepared by Ivan Shim, 2025.