Subdued Growth No Barrier To ASL Marine Holdings Ltd. (SGX:A04) With Shares Advancing 38%
Nov 03
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Singaporean (SGX) Machinery Industry Analysis
UpdatedNov 06, 2025
DataAggregated Company Financials
Companies27
- 7D-3.2%
- 3M8.4%
- 1Y29.2%
- YTD16.8%
Over the last 7 days, the Machinery industry has dropped 3.2%, driven by Yangzijiang Shipbuilding (Holdings) declining 1.7%. In contrast, ASL Marine Holdings has gained 19%. Over the past 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Singaporean Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | S$24.7b | S$23.4b | S$2.0b | 13.8x | 12.5x | 1.1x |
| Sun, 05 Oct 2025 | S$26.1b | S$23.5b | S$2.0b | 13.8x | 13.3x | 1.1x |
| Tue, 02 Sep 2025 | S$24.5b | S$23.5b | S$2.0b | 12.4x | 12.6x | 1x |
| Thu, 31 Jul 2025 | S$22.1b | S$21.4b | S$1.7b | 14.3x | 13.3x | 1x |
| Sat, 28 Jun 2025 | S$18.9b | S$21.4b | S$1.6b | 14.6x | 11.5x | 0.9x |
| Mon, 26 May 2025 | S$18.0b | S$21.4b | S$1.6b | 13.4x | 10.9x | 0.8x |
| Wed, 23 Apr 2025 | S$18.1b | S$21.4b | S$1.8b | 11.9x | 10x | 0.8x |
| Fri, 21 Mar 2025 | S$19.3b | S$21.6b | S$1.8b | 11.9x | 10.5x | 0.9x |
| Sun, 16 Feb 2025 | S$23.9b | S$20.6b | -S$314,700,104.48 | 12.3x | -75.8x | 1.2x |
| Tue, 14 Jan 2025 | S$21.7b | S$20.7b | -S$302,724,770.30 | 10.6x | -71.7x | 1.1x |
| Thu, 12 Dec 2024 | S$20.3b | S$20.6b | -S$317,753,313.86 | 10x | -64x | 1x |
| Sat, 09 Nov 2024 | S$20.0b | S$20.6b | -S$304,924,999.02 | 10.4x | -65.6x | 1x |
| Mon, 07 Oct 2024 | S$19.3b | S$20.6b | -S$296,793,998.42 | 9.8x | -64.9x | 0.9x |
| Wed, 04 Sep 2024 | S$18.1b | S$20.6b | -S$297,263,803.28 | 8.6x | -61x | 0.9x |
| Fri, 02 Aug 2024 | S$18.7b | S$18.9b | -S$897,575,220.06 | 10.2x | -20.8x | 1x |
| Sun, 30 Jun 2024 | S$16.9b | S$18.9b | -S$893,633,719.90 | 9.6x | -18.9x | 0.9x |
| Tue, 28 May 2024 | S$16.2b | S$19.6b | -S$861,314,749.40 | 9x | -18.8x | 0.8x |
| Thu, 25 Apr 2024 | S$15.4b | S$19.5b | -S$1,046,573,520.20 | 8.8x | -14.7x | 0.8x |
| Sat, 23 Mar 2024 | S$15.2b | S$19.5b | -S$974,900,171.64 | 9.6x | -15.6x | 0.8x |
| Mon, 19 Feb 2024 | S$15.4b | S$15.5b | S$422.6m | 10.5x | 36.5x | 1x |
| Wed, 17 Jan 2024 | S$16.5b | S$15.4b | S$411.6m | 9.9x | 40x | 1.1x |
| Fri, 15 Dec 2023 | S$15.4b | S$15.4b | S$411.6m | 9.6x | 37.3x | 1x |
| Sun, 12 Nov 2023 | S$15.6b | S$15.4b | S$403.5m | 10x | 38.6x | 1x |
| Tue, 10 Oct 2023 | S$17.2b | S$15.5b | S$393.0m | 10.8x | 43.8x | 1.1x |
| Thu, 07 Sep 2023 | S$18.6b | S$15.4b | S$388.5m | 10.9x | 47.9x | 1.2x |
| Sat, 05 Aug 2023 | S$17.9b | S$15.5b | S$431.4m | 10.5x | 41.6x | 1.2x |
| Mon, 03 Jul 2023 | S$16.9b | S$13.4b | S$445.9m | 10.7x | 37.9x | 1.3x |
| Wed, 31 May 2023 | S$15.6b | S$13.5b | S$458.9m | 9.6x | 34.1x | 1.2x |
| Fri, 28 Apr 2023 | S$15.8b | S$13.5b | S$445.5m | 10.3x | 35.5x | 1.2x |
| Sun, 26 Mar 2023 | S$14.7b | S$13.6b | S$453.7m | 11.1x | 32.3x | 1.1x |
| Tue, 21 Feb 2023 | S$11.4b | S$14.1b | S$541.8m | 8.3x | 21.1x | 0.8x |
| Thu, 19 Jan 2023 | S$11.7b | S$14.1b | S$539.6m | 8.2x | 21.7x | 0.8x |
| Sat, 17 Dec 2022 | S$12.5b | S$14.1b | S$539.6m | 8.1x | 23.1x | 0.9x |
| Mon, 14 Nov 2022 | S$12.2b | S$14.0b | S$570.2m | 8.1x | 21.3x | 0.9x |
Price to Earnings Ratio
21.3x
Current Industry PE
- Investors are optimistic on the Singaporean Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.5x which is higher than its 3-year average PE of 4.7x.
- The industry is trading close to its 3-year average PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 51% per year over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Industrials industry?
| SG Market | -0.71% | |
| Industrials | -0.59% | |
| Machinery | -3.25% | |
| Industrial Machinery | 0.067% | |
| Construction Machinery and Vehicles | -3.44% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.2x.
- Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings decline of 43.7% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 14.5x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A04 ASL Marine Holdings | S$0.25 | 19.0% +S$41.2m | 354.5% | PE17.6x | |
| H20 Hoe Leong | S$0.002 | 100.0% +S$15.1m | 0% | PS0.7x | |
| H22 Hong Leong Asia | S$2.42 | 0.4% +S$7.5m | 184.7% | PE19.3x | |
| M14 InnoTek | S$0.73 | 4.3% +S$6.9m | 58.7% | PE55x | |
| 1MZ Nam Cheong | S$0.73 | 2.1% +S$6.0m | 82.5% | PE3.9x |
