The Business Times
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The new currency of markets is narrative; SGX companies must learn to master it

Strong earnings and solid balance sheets are no longer enough to command premium valuations

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    • Singapore’s next generation of listed companies has the potential to reshape perceptions of the local equity market.
    • Singapore’s next generation of listed companies has the potential to reshape perceptions of the local equity market. PHOTO: BT FILE

    Jeffery Tan

    Published Mon, Jun 8, 2026 · 07:00 AM

    FOR years, Singapore’s stock market has wrestled with a stubborn paradox.

    Many Singapore Exchange (SGX)-listed companies are fundamentally strong businesses. They possess healthy balance sheets, credible leadership, resilient operating models and sound governance standards. 

    Yet a large number continue to trade at valuations that fail to fully reflect their intrinsic worth. 

    SGXStock tradingFinancial marketsSingapore stock market

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