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Singaporean (SGX) Commercial Services Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies18
  • 7D4.6%
  • 3M4.9%
  • 1Y30.8%
  • YTD1.1%

Over the last 7 days, the Commercial Services industry has dropped 1.1%, driven by declines in VICOM and Leader Environmental Technologies of 0.6% and 12%, respectively. On the other hand Southern Archipelago is actually up 100%. In the past year, the industry has gained 26%. Looking forward, earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

Has the Singaporean Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026S$1.3bS$1.2bS$73.4m10.3x17.4x1.1x
Sat, 13 Dec 2025S$1.2bS$1.2bS$73.4m9.5x16.3x1x
Mon, 10 Nov 2025S$1.2bS$1.2bS$61.4m9.7x19.9x1x
Wed, 08 Oct 2025S$1.2bS$1.2bS$62.5m9.5x19.8x1x
Fri, 05 Sep 2025S$1.2bS$1.2bS$63.7m9.4x19.4x1x
Sun, 03 Aug 2025S$1.2bS$1.2bS$59.5m7.9x19.9x1x
Tue, 01 Jul 2025S$1.1bS$1.2bS$89.1m6.8x12.3x0.9x
Thu, 29 May 2025S$1.1bS$1.2bS$89.7m6.5x12.3x0.9x
Sat, 26 Apr 2025S$1.0bS$1.2bS$88.5m6.1x11.7x0.9x
Mon, 24 Mar 2025S$1.0bS$1.1bS$84.1m7x12.4x0.9x
Wed, 19 Feb 2025S$1.1bS$1.2bS$91.8m8.4x11.6x0.9x
Fri, 17 Jan 2025S$1.1bS$1.1bS$92.7m8.3x11.5x0.9x
Sun, 15 Dec 2024S$1.1bS$1.1bS$92.7m8.1x11.6x0.9x
Tue, 12 Nov 2024S$1.1bS$1.1bS$63.9m8.4x17.6x1x
Thu, 10 Oct 2024S$1.1bS$1.1bS$64.2m7x16.9x1x
Sat, 07 Sep 2024S$1.1bS$1.1bS$61.6m7.1x17.2x0.9x
Mon, 05 Aug 2024S$1.1bS$1.1bS$42.2m13.6x25.7x1x
Wed, 03 Jul 2024S$1.1bS$1.1bS$42.0m13.4x25.2x1x
Fri, 31 May 2024S$1.1bS$1.1bS$56.6m13.5x19x0.9x
Sun, 28 Apr 2024S$1.1bS$1.1bS$62.2m10.4x17x0.9x
Tue, 26 Mar 2024S$1.1bS$1.1bS$62.4m9.5x17.1x0.9x
Thu, 22 Feb 2024S$1.0bS$1.1bS$36.0m11.2x29x0.9x
Sat, 20 Jan 2024S$1.5bS$1.4bS$65.2m12.2x22.3x1x
Mon, 18 Dec 2023S$1.5bS$1.4bS$65.2m11.6x22.5x1x
Wed, 15 Nov 2023S$1.4bS$1.4bS$65.4m11x21.6x1x
Fri, 13 Oct 2023S$1.5bS$1.4bS$72.7m10.6x20.4x1x
Sun, 10 Sep 2023S$1.5bS$1.4bS$71.9m9.9x21.4x1.1x
Tue, 08 Aug 2023S$1.6bS$1.4bS$72.8m10x22x1.1x
Thu, 06 Jul 2023S$1.6bS$1.4bS$74.1m10.5x21.4x1.1x
Sat, 03 Jun 2023S$1.6bS$1.4bS$74.2m10x21.8x1.2x
Mon, 01 May 2023S$1.6bS$1.4bS$74.4m10x21.5x1.2x
Wed, 29 Mar 2023S$1.6bS$1.4bS$70.0m10.2x23.2x1.2x
Fri, 24 Feb 2023S$1.7bS$1.4bS$41.8m10x39.7x1.2x
Sun, 22 Jan 2023S$1.7bS$1.3bS$44.6m9.6x37.9x1.3x
Price to Earnings Ratio

37.9x


Total Market Cap: S$1.7bTotal Earnings: S$44.6mTotal Revenue: S$1.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Commercial Services Industry Price to Earnings3Y Average 19.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.9x which is lower than its 3-year average PE of 19.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 18% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Singaporean Industrials industry?

SG Market1.61%
Industrials2.13%
Commercial Services4.56%
Office Services and Supplies25.98%
Diversified Support Services4.98%
Environmental and Facilities Services3.76%
Commercial Printing-2.65%
Security and Alarm Services-5.00%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 42.0x.
    • Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
A33 Southern ArchipelagoS$0.002100.0%
+S$27.6m		100.0%PS11.7x
BQM Tiong Woon Corporation HoldingS$0.869.5%
+S$17.4m		38.4%PE10.4x
NEX Reclaims GlobalS$0.436.2%
+S$3.8m		n/aPE12.6x
BEZ Beng Kuang MarineS$0.325.0%
+S$3.1m		40.0%PE11.2x
XVG Aedge GroupS$0.297.4%
+S$2.2m		20.8%PS1.1x

Latest News

40N
S$0.052
Versalink Holdings
7D
15.6%
1Y
26.8%
ZB9
S$0.58
Union Steel Holdings
7D
-1.7%
1Y
12.5%
BQC
S$0.11
A-Smart Holdings
7D
-1.8%
1Y
44.2%
BEZ
S$0.32
Beng Kuang Marine
7D
5.0%
1Y
40.0%

Beng Kuang Marine Limited's (SGX:BEZ) Price Is Right But Growth Is Lacking

Dec 30
Beng Kuang Marine Limited's (SGX:BEZ) Price Is Right But Growth Is Lacking
ENV
S$0.08
LS 2 Holdings
7D
12.7%
1Y
19.4%
LS9
S$0.014
Leader Environmental Technologies
7D
-17.6%
1Y
-64.1%

Is Leader Environmental Technologies (SGX:LS9) Using Too Much Debt?

Dec 24
Is Leader Environmental Technologies (SGX:LS9) Using Too Much Debt?
NEX
S$0.43
Reclaims Global
7D
6.2%
1Y
n/a
5CT
S$0.02
ecoWise Holdings
7D
-4.8%
1Y
n/a
A33
S$0.002
Southern Archipelago
7D
100.0%
1Y
100.0%

These 4 Measures Indicate That Southern Archipelago (SGX:A33) Is Using Debt Extensively

Dec 03
These 4 Measures Indicate That Southern Archipelago (SGX:A33) Is Using Debt Extensively
BQM
S$0.86
Tiong Woon Corporation Holding
7D
9.5%
1Y
38.4%
43B
S$0.077
Secura Group
7D
-4.9%
1Y
63.8%
SES
S$0.062
Shanaya
7D
12.7%
1Y
10.7%
XVG
S$0.29
Aedge Group
7D
7.4%
1Y
20.8%