# Singapore Top 30 Companies Ranking (Market Cap, Dec 2025) # 싱가포르 기업 순위 TOP 30 (시가총액 기준, 2025년 12월) > CommonSense

# Singapore Top 30 Companies Ranking (Market Cap, Dec 2025)

# 싱가포르 기업 순위 TOP 30 (시가총액 기준, 2025년 12월)

## ENGLISH (English)

### 기준(랭킹 정의)

* This is a **market-cap ranking** of **publicly traded** Singapore companies (and Singapore-incorporated / HQ-linked firms) based on a daily-updated market-cap list. ([Companies Market Cap][1])
* Market cap is **not** the same as revenue, profit, or national economic importance. (Many influential entities are private/state-linked and won’t appear.) ([Companies Market Cap][1])
* Snapshot context: the top names align with another Dec 17, 2025 “biggest companies in Singapore” screener for the leaders. ([FinanceCharts][2])

### Top 30 (Market Cap)

1. **DBS Group (D05.SI)** — **Banking/Financials.** Singapore’s largest bank; scale, regional franchise, and profitability typically drive its market value. ([Companies Market Cap][1])
2. **Sea Limited (SE)** — **Consumer Internet/Tech.** Digital ecosystem (e-commerce / digital finance / gaming mix historically); higher-growth valuation style. ([Companies Market Cap][1])
3. **OCBC Bank (O39.SI)** — **Banking/Financials.** One of the “Big 3” banks; diversified retail/wealth/corporate banking footprint supports large cap. ([Companies Market Cap][1])
4. **Singtel (Z74.SI)** — **Telecom.** Core Singapore telco plus regional associates; defensive cashflow profile is often key. ([Companies Market Cap][1])
5. **UOB (U11.SI)** — **Banking/Financials.** Another “Big 3” bank; ASEAN corporate/SME network and deposit base matter. ([Companies Market Cap][1])
6. **Flex (FLEX)** — **Electronics manufacturing services.** Global EMS footprint; Singapore linkage often via incorporation/HQ history in datasets. ([Companies Market Cap][1])
7. **Grab Holdings (GRAB)** — **Platform/Consumer tech.** Super-app style services (mobility/delivery/fintech mix); market cap depends heavily on growth and unit economics. ([Companies Market Cap][1])
8. **ST Engineering (S63.SI)** — **Aerospace/Defense/Engineering.** Defense & aerospace MRO plus smart-city/engineering segments; long contracts can stabilize value. ([Companies Market Cap][1])
9. **Singapore Airlines (C6L.SI)** — **Airlines.** Flag carrier with premium brand; market cap is sensitive to cycle, fuel, and travel demand. ([Companies Market Cap][1])
10. **Wilmar International (F34.SI)** — **Agri/food commodities.** Large integrated agribusiness; margins/commodity cycles drive valuation. ([Companies Market Cap][1])
11. **Keppel (BN4.SI)** — **Infrastructure/Asset management/Real assets.** Portfolio shifts and capital recycling are central to investor story. ([Companies Market Cap][1])
12. **Singapore Exchange (SGX) (S68.SI)** — **Financial infrastructure.** Exchange & clearing; earnings tied to trading/derivatives activity and listings. ([Companies Market Cap][1])
13. **CapitaLand Mall Trust (C38U.SI)** — **REIT (retail/commercial).** A major listed property trust; distribution yield and asset quality matter. ([Companies Market Cap][1])
14. **Jardine Cycle & Carriage (C07.SI)** — **Holding/consumer & auto exposure.** Value often linked to major underlying stakes and dividends. ([Companies Market Cap][1])
15. **CapitaLand Investment (9CI.SI)** — **Real estate investment manager.** Fee-related earnings + AUM growth narrative. ([Companies Market Cap][1])
16. **Ascendas REIT (A17U.SI)** — **REIT (industrial/business space).** Tenant quality and refinancing rates influence distributions. ([Companies Market Cap][1])
17. **Sembcorp (U96.SI)** — **Energy/Utilities.** Power/renewables strategy and regional assets; large deals can move the thesis. ([Companies Market Cap][1])
18. **Genting Singapore (G13.SI)** — **Leisure/Integrated resort.** Gaming and tourism demand drive cashflows. ([Companies Market Cap][1])
19. **BOC Aviation (2588.HK)** — **Aircraft leasing.** Aviation finance model; interest rates and airline credit risk matter. ([Companies Market Cap][1])
20. **Mapletree Commercial Trust (N2IU.SI)** — **REIT (commercial).** Office/retail mix; occupancy and lease reversion are key. ([Companies Market Cap][1])
21. **UOL Group (U14.SI)** — **Property & hospitality.** Development cycles + hotel demand influence earnings. ([Companies Market Cap][1])
22. **Seatrium (5E2.SI)** — **Offshore & marine engineering.** Orderbook quality and project execution drive valuation. ([Companies Market Cap][1])
23. **City Developments (C09.SI)** — **Property developer/hotel owner.** NAV discounts and cycle timing are central. ([Companies Market Cap][1])
24. **Mapletree Logistics Trust (M44U.SI)** — **REIT (logistics).** Warehousing demand + financing costs. ([Companies Market Cap][1])
25. **Mapletree Industrial Trust (ME8U.SI)** — **REIT (industrial/data-related assets in parts).** Tenant concentration and rate environment matter. ([Companies Market Cap][1])
26. **SATS (S58.SI)** — **Aviation services/food solutions.** Air cargo/passenger recovery and contract wins affect earnings. ([Companies Market Cap][1])
27. **Singapore Land (U06.SI)** — **Property investment/development.** Prime assets; valuation often tracks property cycle and NAV. ([Companies Market Cap][1])
28. **Venture Corporation (V03.SI)** — **Electronics/engineering services.** OEM/ODM exposure; client mix and margins matter. ([Companies Market Cap][1])
29. **Kenon Holdings (KEN)** — **Investment holding.** Valuation depends on underlying holdings and capital allocation. ([Companies Market Cap][1])
30. **Suntec REIT (T82U.SI)** — **REIT (office/retail).** Distribution stability and asset repositioning are key. ([Companies Market Cap][1])

### Practical tips & “how to use” this ranking (business/investing analysis)

* **Segment the list into 3 engines:** (1) **Banks** (DBS/OCBC/UOB) dominate scale; (2) **Tech platforms** (Sea/Grab) add growth beta; (3) **REITs/real assets** add yield and rate sensitivity. ([Companies Market Cap][1])
* **Market cap ≠ “biggest employer” or “most revenue.”** For a “real economy” view, compare with revenue-based lists (Fortune/Forbes-style datasets). ([위키백과][3])
* **For partnerships/sales targeting:** the top 30 are concentrated in **finance, telco, property/REITs, transport, and industrial services**—these sectors buy enterprise software, cybersecurity, data, and logistics solutions disproportionately.

---

## 한국어 (Korean)

### 기준(랭킹 정의)

* 아래는 **시가총액(마켓캡) 기준 TOP 30**이며, **상장(공개 거래) 기업만** 포함됩니다. 해당 목록은 “일 단위 업데이트” 형태의 공개 데이터 기반입니다. ([Companies Market Cap][1])
* 시가총액은 **매출/이익/고용/국가 중요도**와 일치하지 않습니다. (비상장·국부펀드·완전 공기업 등은 제외될 수 있음) ([Companies Market Cap][1])
* 상위 리더(특히 1~3위)는 2025-12-17 기준 “싱가포르 최대 기업” 스크리너와도 정합성이 확인됩니다. ([FinanceCharts][2])

### 싱가포르 기업 순위 TOP 30 (시가총액)

1. **DBS그룹(D05.SI)** — **은행/금융.** 싱가포르 최대 은행으로, 지역 네트워크·수익성·자본력에 의해 시총이 크게 형성됩니다. ([Companies Market Cap][1])
2. **Sea(SE)** — **테크/플랫폼.** 전자상거래·디지털 서비스 성격의 성장주 프리미엄이 반영되기 쉬운 구조입니다. ([Companies Market Cap][1])
3. **OCBC(O39.SI)** — **은행/금융.** ‘빅3’ 은행 중 하나로, 리테일·기업금융·자산관리의 균형이 강점입니다. ([Companies Market Cap][1])
4. **Singtel(Z74.SI)** — **통신.** 싱가포르 대표 통신사이며, 안정적 현금흐름(배당·투자여력)이 가치의 핵심 요인입니다. ([Companies Market Cap][1])
5. **UOB(U11.SI)** — **은행/금융.** ASEAN 중심의 기업/SME 네트워크와 예금 기반이 강점으로 평가됩니다. ([Companies Market Cap][1])
6. **Flex(FLEX)** — **전자 제조서비스(EMS).** 글로벌 제조 네트워크를 가진 EMS 기업으로, 데이터 소스에서 싱가포르 연계 기업으로 분류됩니다. ([Companies Market Cap][1])
7. **Grab(GRAB)** — **플랫폼/소비자 테크.** 모빌리티·딜리버리·핀테크 결합 모델로, 성장률·수익성 전환 속도가 시총을 좌우합니다. ([Companies Market Cap][1])
8. **ST Engineering(S63.SI)** — **방산·항공·엔지니어링.** 방산/항공 MRO와 엔지니어링 포트폴리오로 장기 계약 기반의 안정성이 강점입니다. ([Companies Market Cap][1])
9. **Singapore Airlines(C6L.SI)** — **항공.** 프리미엄 브랜드/허브 전략이 특징이며 경기·유가·여행 수요에 민감합니다. ([Companies Market Cap][1])
10. **Wilmar(F34.SI)** — **농업·식품/원자재.** 대형 통합 애그리비즈니스로, 원자재 사이클과 마진 구조가 가치에 큰 영향을 줍니다. ([Companies Market Cap][1])
11. **Keppel(BN4.SI)** — **인프라/리얼에셋/자산운용.** 사업 재편·자산 회수(캐피털 리사이클링)가 핵심 스토리입니다. ([Companies Market Cap][1])
12. **SGX(S68.SI)** — **거래소/금융 인프라.** 거래·청산·파생상품 활성도 및 상장 파이프라인이 실적과 직결됩니다. ([Companies Market Cap][1])
13. **CapitaLand Mall Trust(C38U.SI)** — **리츠(REIT).** 핵심 상업용 자산 기반; 배당(분배) 안정성과 자산가치가 중요합니다. ([Companies Market Cap][1])
14. **Jardine C&C(C07.SI)** — **지주/투자.** 주요 자회사·지분가치와 배당 정책이 밸류에이션의 중심입니다. ([Companies Market Cap][1])
15. **CapitaLand Investment(9CI.SI)** — **부동산 투자관리.** AUM(운용자산) 성장과 수수료 기반 수익이 핵심입니다. ([Companies Market Cap][1])
16. **Ascendas REIT(A17U.SI)** — **산업용 리츠.** 임차인 질·공실률·차입비용(금리)이 분배금에 영향. ([Companies Market Cap][1])
17. **Sembcorp(U96.SI)** — **에너지/유틸리티.** 발전·신재생 중심의 전략과 대형 M&A/투자가 모멘텀을 만듭니다. ([Companies Market Cap][1])
18. **Genting Singapore(G13.SI)** — **레저/IR.** 관광·게임 매출이 핵심이며 규제/소비 사이클에도 민감합니다. ([Companies Market Cap][1])
19. **BOC Aviation(2588.HK)** — **항공기 리스.** 금리·항공사 신용·항공기 잔존가치가 수익성의 열쇠입니다. ([Companies Market Cap][1])
20. **Mapletree Commercial Trust(N2IU.SI)** — **상업용 리츠.** 임대료 재계약(리버전)과 오피스 수급이 중요합니다. ([Companies Market Cap][1])
21. **UOL(U14.SI)** — **부동산/호텔.** 개발 사이클과 호텔·리테일 수요가 실적 변동 요인입니다. ([Companies Market Cap][1])
22. **Seatrium(5E2.SI)** — **해양플랜트·조선/엔지니어링.** 수주잔고의 질, 프로젝트 수행 능력이 가치의 중심입니다. ([Companies Market Cap][1])
23. **City Developments(C09.SI)** — **부동산 디벨로퍼/호텔.** NAV 대비 할인, 시장 사이클 타이밍이 핵심 이슈입니다. ([Companies Market Cap][1])
24. **Mapletree Logistics Trust(M44U.SI)** — **물류 리츠.** 물류 수요와 차입비용(금리) 변화에 민감합니다. ([Companies Market Cap][1])
25. **Mapletree Industrial Trust(ME8U.SI)** — **산업용 리츠.** 임차인 집중도·리파이낸싱 비용·자산 포트폴리오 질이 중요합니다. ([Companies Market Cap][1])
26. **SATS(S58.SI)** — **공항서비스/푸드솔루션.** 항공 수요 회복, 계약 수주, 운영 효율이 관건입니다. ([Companies Market Cap][1])
27. **Singapore Land(U06.SI)** — **부동산.** 핵심 입지 자산의 가치와 부동산 사이클이 주가에 반영됩니다. ([Companies Market Cap][1])
28. **Venture(V03.SI)** — **전자/엔지니어링 서비스.** 고객 믹스·마진·수주 가시성이 밸류에이션을 좌우합니다. ([Companies Market Cap][1])
29. **Kenon(KEN)** — **투자지주.** 보유 자산/지분의 가치 변화와 자본배분(매각·배당)이 핵심 변수입니다. ([Companies Market Cap][1])
30. **Suntec REIT(T82U.SI)** — **오피스/리테일 리츠.** 분배금 안정성과 자산 리포지셔닝 성과가 중요합니다. ([Companies Market Cap][1])

### 추가 설명·팁·응용(한 번에 정리)

* **“싱가포르=은행이 시총을 이끈다”**: DBS·OCBC·UOB 3개가 상단을 강하게 형성합니다. ([Companies Market Cap][1])
* **리츠(REIT) 비중이 높다**: Mapletree/Ascendas/Suntec 등 다수 포함 → 금리(차입비용)와 임대시장(공실/리버전)에 민감. ([Companies Market Cap][1])
* **SGX(STI)와의 관계**: STI는 SGX 상장 대형 30종목 지수(“탑 30”)지만, 여기 목록은 **싱가포르 기업 전체(해외 상장 포함)** 성격이 섞일 수 있습니다. ([sgx.com][4])
* 사업/영업 관점 활용: 이 TOP 30은 **금융·통신·부동산/리츠·항공/물류·산업서비스**에 몰려 있어, B2B 솔루션(보안/데이터/결제/고객관리/물류 최적화) 영업 타깃을 잡을 때 산업군 우선순위를 만들기 좋습니다.

---

## 日本語 (Japanese)

### 定義

* 公開データの**時価総額（Market Cap）**を基準にした、シンガポール企業の上位30社です（上場企業中心）。 ([Companies Market Cap][1])

### TOP30（時価総額）

1. DBS Group（銀行） ([Companies Market Cap][1])
2. Sea（テック/プラットフォーム） ([Companies Market Cap][1])
3. OCBC（銀行） ([Companies Market Cap][1])
4. Singtel（通信） ([Companies Market Cap][1])
5. UOB（銀行） ([Companies Market Cap][1])
6. Flex（EMS） ([Companies Market Cap][1])
7. Grab（消費者向けプラットフォーム） ([Companies Market Cap][1])
8. ST Engineering（防衛・航空MRO等） ([Companies Market Cap][1])
9. Singapore Airlines（航空） ([Companies Market Cap][1])
10. Wilmar（農業・食品） ([Companies Market Cap][1])
11. Keppel（インフラ/資産運用） ([Companies Market Cap][1])
12. SGX（取引所） ([Companies Market Cap][1])
13. CapitaLand Mall Trust（REIT） ([Companies Market Cap][1])
14. Jardine C&C（持株） ([Companies Market Cap][1])
15. CapitaLand Investment（不動産投資運用） ([Companies Market Cap][1])
16. Ascendas REIT（REIT） ([Companies Market Cap][1])
17. Sembcorp（電力/再エネ） ([Companies Market Cap][1])
18. Genting Singapore（統合型リゾート） ([Companies Market Cap][1])
19. BOC Aviation（航空機リース） ([Companies Market Cap][1])
20. Mapletree Commercial Trust（REIT） ([Companies Market Cap][1])
21. UOL（不動産/ホテル） ([Companies Market Cap][1])
22. Seatrium（海洋エンジニアリング） ([Companies Market Cap][1])
23. City Developments（不動産） ([Companies Market Cap][1])
24. Mapletree Logistics Trust（REIT） ([Companies Market Cap][1])
25. Mapletree Industrial Trust（REIT） ([Companies Market Cap][1])
26. SATS（空港サービス） ([Companies Market Cap][1])
27. Singapore Land（不動産） ([Companies Market Cap][1])
28. Venture（電子・エンジニアリング） ([Companies Market Cap][1])
29. Kenon（投資持株） ([Companies Market Cap][1])
30. Suntec REIT（REIT） ([Companies Market Cap][1])

補足：シンガポールは**銀行＋REIT比率が高い**ため、金利局面でパフォーマンスの差が出やすいです。 ([Companies Market Cap][1])

---

## ESPAÑOL (Spanish)

### Definición

* Ranking de **las 30 mayores empresas por capitalización bursátil (market cap)** basado en un listado público actualizado con frecuencia; incluye principalmente empresas cotizadas. ([Companies Market Cap][1])

### TOP30 (Market Cap)

1. DBS Group (banca) ([Companies Market Cap][1])
2. Sea (plataforma tecnológica) ([Companies Market Cap][1])
3. OCBC (banca) ([Companies Market Cap][1])
4. Singtel (telecom) ([Companies Market Cap][1])
5. UOB (banca) ([Companies Market Cap][1])
6. Flex (manufactura electrónica/EMS) ([Companies Market Cap][1])
7. Grab (plataforma de consumo) ([Companies Market Cap][1])
8. ST Engineering (defensa/aeroespacial/ingeniería) ([Companies Market Cap][1])
9. Singapore Airlines (aerolínea) ([Companies Market Cap][1])
10. Wilmar (agroalimentario) ([Companies Market Cap][1])
11. Keppel (infraestructura/activos reales) ([Companies Market Cap][1])
12. SGX (bolsa) ([Companies Market Cap][1])
13. CapitaLand Mall Trust (REIT) ([Companies Market Cap][1])
14. Jardine C&C (holding) ([Companies Market Cap][1])
15. CapitaLand Investment (gestión inmobiliaria) ([Companies Market Cap][1])
16. Ascendas REIT (REIT) ([Companies Market Cap][1])
17. Sembcorp (energía/utilities) ([Companies Market Cap][1])
18. Genting Singapore (ocio/IR) ([Companies Market Cap][1])
19. BOC Aviation (leasing de aviones) ([Companies Market Cap][1])
20. Mapletree Commercial Trust (REIT) ([Companies Market Cap][1])
21. UOL (inmobiliario/hoteles) ([Companies Market Cap][1])
22. Seatrium (offshore & marine) ([Companies Market Cap][1])
23. City Developments (inmobiliario) ([Companies Market Cap][1])
24. Mapletree Logistics Trust (REIT) ([Companies Market Cap][1])
25. Mapletree Industrial Trust (REIT) ([Companies Market Cap][1])
26. SATS (servicios aeroportuarios) ([Companies Market Cap][1])
27. Singapore Land (inmobiliario) ([Companies Market Cap][1])
28. Venture (electrónica/ingeniería) ([Companies Market Cap][1])
29. Kenon (holding de inversión) ([Companies Market Cap][1])
30. Suntec REIT (REIT) ([Companies Market Cap][1])

Nota práctica: el peso de **bancos y REITs** hace que la sensibilidad a tipos de interés sea especialmente relevante. ([Companies Market Cap][1])

---

## FRANÇAIS (French)

### Définition

* Classement des **30 plus grandes entreprises par capitalisation boursière** à partir d’une liste publique fréquemment mise à jour, centrée sur les sociétés cotées. ([Companies Market Cap][1])

### TOP30 (Market Cap)

1. DBS Group (banque) ([Companies Market Cap][1])
2. Sea (plateforme tech) ([Companies Market Cap][1])
3. OCBC (banque) ([Companies Market Cap][1])
4. Singtel (télécoms) ([Companies Market Cap][1])
5. UOB (banque) ([Companies Market Cap][1])
6. Flex (EMS/industrie électronique) ([Companies Market Cap][1])
7. Grab (plateforme grand public) ([Companies Market Cap][1])
8. ST Engineering (défense/aéronautique/ingénierie) ([Companies Market Cap][1])
9. Singapore Airlines (compagnie aérienne) ([Companies Market Cap][1])
10. Wilmar (agroalimentaire) ([Companies Market Cap][1])
11. Keppel (infrastructures/actifs réels) ([Companies Market Cap][1])
12. SGX (bourse) ([Companies Market Cap][1])
13. CapitaLand Mall Trust (REIT) ([Companies Market Cap][1])
14. Jardine C&C (holding) ([Companies Market Cap][1])
15. CapitaLand Investment (gestion immobilière) ([Companies Market Cap][1])
16. Ascendas REIT (REIT) ([Companies Market Cap][1])
17. Sembcorp (énergie/utilities) ([Companies Market Cap][1])
18. Genting Singapore (loisirs/IR) ([Companies Market Cap][1])
19. BOC Aviation (leasing d’avions) ([Companies Market Cap][1])
20. Mapletree Commercial Trust (REIT) ([Companies Market Cap][1])
21. UOL (immobilier/hôtellerie) ([Companies Market Cap][1])
22. Seatrium (offshore & marine) ([Companies Market Cap][1])
23. City Developments (immobilier) ([Companies Market Cap][1])
24. Mapletree Logistics Trust (REIT) ([Companies Market Cap][1])
25. Mapletree Industrial Trust (REIT) ([Companies Market Cap][1])
26. SATS (services aéroportuaires) ([Companies Market Cap][1])
27. Singapore Land (immobilier) ([Companies Market Cap][1])
28. Venture (électronique/ingénierie) ([Companies Market Cap][1])
29. Kenon (holding d’investissement) ([Companies Market Cap][1])
30. Suntec REIT (REIT) ([Companies Market Cap][1])

Point clé : la forte présence **banques + REITs** implique une sensibilité marquée aux taux et au marché locatif. ([Companies Market Cap][1])

[1]: https://companiesmarketcap.com/singapore/largest-companies-in-singapore-by-market-cap/ "Largest companies in Singapore by market capitalization"
[2]: https://www.financecharts.com/screener/biggest-country-sg "Biggest Companies in Singapore for Dec 2025"
[3]: https://en.wikipedia.org/wiki/List_of_largest_companies_in_Singapore?utm_source=chatgpt.com "List of largest companies in Singapore"
[4]: https://www.sgx.com/?utm_source=chatgpt.com "Singapore Exchange - Singapore Exchange (SGX)"