What Hiap Seng Industries Limited's (SGX:1L2) 50% Share Price Gain Is Not Telling You
Jan 10
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Singaporean (SGX) Construction Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies38
- 7D0.8%
- 3M6.7%
- 1Y36.2%
- YTD1.5%
Last week, the Construction industry hasn't moved much but Oiltek International is up 12% in that time. As for the the longer term, the industry is up 36% over the past 12 months. As for the next few years, earnings are forecast to decline by 3.7% per annum.
Industry Valuation and Performance
Has the Singaporean Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | S$3.0b | S$6.1b | S$365.7m | 6.6x | 8.3x | 0.5x |
| Thu, 19 Dec 2024 | S$3.0b | S$6.1b | S$365.6m | 6.8x | 8.2x | 0.5x |
| Sat, 16 Nov 2024 | S$2.9b | S$6.2b | S$364.5m | 6.6x | 7.8x | 0.5x |
| Mon, 14 Oct 2024 | S$2.8b | S$6.2b | S$345.6m | 6.6x | 8x | 0.4x |
| Wed, 11 Sep 2024 | S$2.5b | S$6.2b | S$344.5m | 6.5x | 7.4x | 0.4x |
| Fri, 09 Aug 2024 | S$2.8b | S$6.9b | S$277.9m | 6.8x | 10.2x | 0.4x |
| Sun, 07 Jul 2024 | S$3.0b | S$6.9b | S$244.5m | 7.7x | 12.2x | 0.4x |
| Tue, 04 Jun 2024 | S$2.8b | S$7.0b | S$256.3m | 7.5x | 11x | 0.4x |
| Thu, 02 May 2024 | S$2.7b | S$6.8b | S$251.0m | 7.3x | 10.7x | 0.4x |
| Sat, 30 Mar 2024 | S$2.7b | S$6.8b | S$244.9m | 7x | 10.9x | 0.4x |
| Mon, 26 Feb 2024 | S$2.6b | S$6.5b | -S$45,454,563.91 | 7.2x | -57.6x | 0.4x |
| Wed, 24 Jan 2024 | S$3.4b | S$8.2b | -S$39,556.00 | 7.7x | -86383.8x | 0.4x |
| Fri, 22 Dec 2023 | S$3.5b | S$8.2b | S$900.9k | 7.6x | 3871.9x | 0.4x |
| Sun, 19 Nov 2023 | S$3.5b | S$8.3b | S$2.2m | 7.8x | 1610.6x | 0.4x |
| Tue, 17 Oct 2023 | S$3.6b | S$8.1b | -S$3,063,367.00 | 7.7x | -1178.6x | 0.4x |
| Thu, 14 Sep 2023 | S$3.7b | S$8.1b | -S$2,406,920.00 | 8x | -1522.7x | 0.5x |
| Sat, 12 Aug 2023 | S$3.7b | S$8.0b | -S$40,457,465.00 | 7.9x | -90.9x | 0.5x |
| Mon, 10 Jul 2023 | S$3.7b | S$8.0b | -S$53,766,632.00 | 8.7x | -69.7x | 0.5x |
| Wed, 07 Jun 2023 | S$3.7b | S$8.0b | -S$52,363,684.00 | 8.8x | -70.8x | 0.5x |
| Fri, 05 May 2023 | S$3.7b | S$7.8b | -S$69,405,562.00 | 9.5x | -53.1x | 0.5x |
| Sun, 02 Apr 2023 | S$3.6b | S$7.8b | -S$69,988,469.00 | 8.8x | -51.2x | 0.5x |
| Tue, 28 Feb 2023 | S$3.6b | S$7.6b | S$43.8m | 8.8x | 82.2x | 0.5x |
| Thu, 26 Jan 2023 | S$3.5b | S$7.4b | S$66.4m | 7.5x | 52.8x | 0.5x |
| Sat, 24 Dec 2022 | S$3.4b | S$7.3b | S$77.9m | 7.3x | 44x | 0.5x |
| Mon, 21 Nov 2022 | S$3.5b | S$7.3b | S$77.0m | 8.2x | 45.9x | 0.5x |
| Wed, 19 Oct 2022 | S$3.5b | S$7.4b | S$109.7m | 9.9x | 32.1x | 0.5x |
| Fri, 16 Sep 2022 | S$3.8b | S$7.4b | S$111.0m | 10x | 34.2x | 0.5x |
| Sun, 14 Aug 2022 | S$3.8b | S$7.5b | S$119.7m | 14.5x | 31.9x | 0.5x |
| Tue, 12 Jul 2022 | S$3.8b | S$7.3b | S$86.1m | 14.1x | 43.9x | 0.5x |
| Thu, 09 Jun 2022 | S$3.9b | S$7.3b | S$96.3m | 14.9x | 40.5x | 0.5x |
| Sat, 07 May 2022 | S$3.9b | S$7.5b | S$299.8m | 17.1x | 12.9x | 0.5x |
| Mon, 04 Apr 2022 | S$3.9b | S$7.7b | S$309.2m | 15.5x | 12.6x | 0.5x |
| Wed, 02 Mar 2022 | S$3.8b | S$7.6b | S$281.6m | 12.9x | 13.5x | 0.5x |
| Fri, 28 Jan 2022 | S$3.7b | S$7.2b | S$173.8m | 17.3x | 21.2x | 0.5x |
Price to Earnings Ratio
21.2x
Current Industry PE
- Investors are pessimistic on the Singaporean Construction 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 8.3x which is lower than its 3-year average PE of 2kx.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 28% per year over the last three years.
- Meanwhile revenues for these companies have declined 5.2% 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 Market | 0.23% | |
| Industrials | 0.28% | |
| Construction | 0.80% | |
| Construction and Engineering | 0.80% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HQU Oiltek International | S$1.18 | 12.4% +S$18.6m | 413.0% | PE24.7x | |
| 5HV Koh Brothers Eco Engineering | S$0.041 | 13.9% +S$14.1m | 86.4% | PS0.8x | |
| E3B Wee Hur Holdings | S$0.47 | 3.3% +S$13.8m | 142.3% | PE2.3x | |
| F9D Boustead Singapore | S$1.03 | 2.0% +S$9.8m | 19.8% | PE6.9x | |
| ER0 KSH Holdings | S$0.23 | 4.4% +S$5.2m | -6.0% | PS1x |
