Top 5 Largest Financial Service Companies in Singapore
In this post, let's examine some of the largest financial services companies in Singapore, ranked by market capitalization. Go directly to other related ... read more...articles on Toplist if you want to see more of the largest financial companies in other regions ranked by market capitalization.
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The Singapore-based Sea Limited (stylized as Sea) is a technology corporation. Forrest Li launched Sea in 2009; the company was formerly known as Garena and was best known for creating and publishing the game Free Fire. After receiving US$550 million in investment in May 2017, the company rebranded as Sea today while keeping the Garena name for its digital entertainment division. As of the year 2022, Sea will have about 67,000 employees.
Garena, SeaMoney, and Shopee are all subsidiaries of Sea, which acts as a holding company. Forrest Li bought, privatized, and rebranded Home United into the Lion City Sailors FC in the Singapore Premier League in 2020, making Sea the club's owner. According to reports from September 9, 2021, Sea was planning to raise as much as US$7.2 billion in an equity and convertible bond sale, making it the largest fund raising in Southeast Asia at that point. With this influx of capital, Sea stated it would make strategic investments and consider making acquisitions. The Chinese gaming company Tencent sold its $3 billion stake in Sea in January 2022.In April 2023, the value of Sea (Garena) reached $47.33 billion. In terms of market capitalization, this places Sea (Garena) at #358. The most recent fiscal reports disclose TTM revenue of $12.44 billion for Sea (Garena). The company's sales in 2021 were $9.95 billion, up from $4.37 billion the previous year.
Founded: 2009
Headquarters: 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522
Website: www.sea.com -
A Singaporean multinational banking corporation headquartered in Singapore, United Overseas Bank Limited is commonly known as UOB. In 1935, businessman Chew Teck Weng of Sarawak and a group of Chinese-born merchants established the United Chinese Bank. When considering overall assets, this bank ranks third among those operating in Southeast Asia.
Commercial and corporate banking, private banking and asset management, venture capital, investments, and insurance are just some of the many financial services offered by UOB. It operates over 500 offices in 19 countries and territories in Asia, Europe, and North America, with 68 of those located in Singapore.The market value of UOB as of April 2023 is $37.97 billion. In terms of market capitalization, this places UOB at #467 globally. UOB's current revenue (TTM) is $7.05 billion, as shown in the company's most recent financial reports. The company's 2019 revenue of $7.39 billion was up from 2018's revenue of $6.74 billion.
Founded: 6 August 1935
Headquarters: UOB Plaza, 80 Raffles Place, Singapore 048624Website: www.uobgroup.com
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DBS, short for DBS Bank Limited, is a Singaporean multinational bank and financial services provider with headquarters in the Marina Bay Financial Centre. The bank changed its name on July 21, 2003, from The Development Bank of Singapore Limited to the abbreviation "DBS" to better reflect its position as a global financial institution. Along with OCBC Bank and UOB, it is considered one of Singapore's "Big Three" banks.
The government of Singapore established the bank on July 16, 1968, and listed it on the Singapore Exchange so that it could assume responsibility for the Economic Development Board's industrial lending activities. It now has over 150 locations across the United States. With about US$501 billion (S$650 billion) in assets as of December 31, 2019, DBS is the largest bank in Southeast Asia and one of the largest banks in Asia.DBS Group is worth $63.51 billion as of April 2023. Based on its current market capitalization, DBS Group is the 241st most valuable corporation in the world. DBS Group's current revenue (TTM) is $11.96 billion, as reported in the company's most recent financial statements. The company's revenue in 2021 was $10.58 billion, down from the $10.58 billion it made in 2020.
Founded: 16 July 1968
Headquarters: 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982
Website: dbs.com.sg -
ST Engineering, a division of Singapore Technologies Engineering Ltd., is a Singaporean multinational technology and engineering organization that operates in the aerospace, smart city, defense, and public security industries. The Singapore-based conglomerate is one of Asia's major defense and engineering conglomerates, with FY2021 revenue of S$7.7 billion. It is also among the largest corporations listed on the Singapore Exchange.
The FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index, and iEdge SG ESG Leaders Index all include this stock as a component. About two-thirds of the approximately 23,000 people at ST Engineering are involved in engineering and technology.
ST Engineering is worth $8.58 billion as of April 2023. Based on its current market capitalization, ST Engineering is the 1673rd most valuable company in the world. ST Engineering has reported TTM revenue of $5.79 billion as of the end of the most recent reporting period. The company's sales of $4.95B in 2018 was up from the $4.84B it made in 2017.
Founded: 27 January 1967
Headquarters: Singapore
Website: www.stengg.com -
The Singapore Exchange Limited (SGX) is a diversified holding corporation based in Singapore. It offers a wide variety of services for listing, trading, clearing, and custodial storage of securities, derivatives, and other products. Besides its affiliation with the World Federation of Exchanges, SGX is also a part of the Asian and Oceanian Stock Exchanges Federation.
SGX was established as a holding company on December 1, 1999. The Stock Exchange of Singapore (SES), the Singapore International Monetary Exchange (SIMEX) (founded in 1984), and Securities Clearing and Computer Services Pte Ltd (SCCS) all had their share capital cancelled, and SGX paid in full for any new shares issued by these companies. As a result, SGX now owns everything that belonged to those three companies. Shareholders of SES, SIMEX, and SCCS were each issued a fresh set of SGX shares.The market capitalization of the Singapore Exchange is $7.67 billion as of April 2023. Based on its current market capitalization, Singapore Exchange is now the 1787th most valuable company in the world. The latest financial filings from the Singapore Exchange show that the company's current revenue (TTM) is $0.75 billion. The company's revenue of $0.70 billion in 2019 represents an increase from the $0.64 billion earned in 2018.
Founded: 1 December 1999
Headquarters: SGX Centre, Singapore
Website: sgx.com