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Home » Latest » Market Explainers » Singapore’s Largest Companies by market capitalization, 2024

Market Explainers

Singapore’s Largest Companies by market capitalization, 2024

Singapore Starr International Insurance

As of February 19, 2025, DBS GROUP HOLDINGS is the most valuable company in Singapore, with a market cap of $96.95 billion. Following it are OVERSEA-CHINESE BANKING CORPORATION ($59.52 billion) and UNITED OVERSEAS BANK LIMITED ($48.16 billion).

Which one is the most valuable in Singapore by market cap? This list comprises the biggest companies currently in Malaysia by market cap in 2024:

Singapore’s Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1DBS GROUP HOLDINGS LTD$96.95 billion
2OVERSEA-CHINESE BANKING CORPORATION LIMITED$59.52 billion
3UNITED OVERSEAS BANK LIMITED$48.16 billion
4SINGAPORE TELECOMMUNICATIONS LIMITED$40.96 billion
5WILMAR INTERNATIONAL LIMITED$15.17 billion
6SINGAPORE AIRLINES LIMITED$14.3 billion
7JARDINE MATHESON HOLDINGS LIMITED$11.95 billion
8SINGAPORE TECHNOLOGIES ENGINEERING LTD$11.86 billion
9CAPITALAND INTEGRATED COMMERCIAL TRUST$10.72 billion
10SINGAPORE EXCHANGE LIMITED$10.22 billion
11HONGKONG LAND HOLDINGS LIMITED$9.62 billion
12THAI BEVERAGE$9.46 billion
13CAPITALAND INVESTMENT LIMITED$9.25 billion
14KEPPEL LTD.$9.16 billion
15GREAT EASTERN HOLDINGS LIMITED$9.1 billion
16YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.$9.22 billion
17CAPITALAND ASCENDAS REIT$8.33 billion
18JARDINE CYCLE & CARRIAGE LIMITED$7.82 billion
19SEMBCORP INDUSTRIES LTD$7.32 billion
20GENTING SINGAPORE LIMITED$6.88 billion
21SEATRIUM LIMITED$6.46 billion
22MAPLETREE PAN ASIA COMMERCIAL TRUST$4.63 billion
23MAPLETREE LOGISTICS TRUST$4.6 billion
24MAPLETREE INDUSTRIAL TRUST$4.29 billion
25SATS LTD.$3.71 billion
26KEPPEL DC REIT$3.49 billion
27CITY DEVELOPMENTS LIMITED$3.38 billion
28OLAM GROUP LIMITED$3.25 billion
29UOL GROUP LIMITED$3.23 billion
30DFI RETAIL GROUP HOLDINGS LIMITED$3.05 billion

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Nikolas Anderson, D.Litt.
Nikolas Anderson, D.Litt. in Public Affairs and Global Journalism, is the Associate Editor at CEOWORLD Magazine, where he combines deep financial acumen with communications expertise to deliver content that speaks to global executives. With a background in economics and public policy, Nikolas began his career as an investment analyst before moving into media as a financial commentator and strategic communications advisor. He has worked with leading asset managers, policy think tanks, and international business outlets.

At CEOWORLD, Nikolas leads editorial initiatives focused on financial leadership, corporate messaging, and economic trends. His work often explores how macroeconomic forces impact brand value and investor confidence. He holds a degree in Economics from a top U.S. university and a master's in Global Strategic Communications. He is a contributor to several financial policy journals and a frequent speaker at executive roundtables.

With a data-informed, narrative-driven approach, Nikolas curates content that helps executives understand not just what’s happening in the markets—but how to communicate and lead through it. He believes in responsible journalism and strategic messaging as twin engines of trust and influence in today’s corporate world.

Email Nikolas Anderson at nikolas@ceoworld.biz