ASL Marine Holdings (SGX:A04) Takes On Some Risk With Its Use Of Debt
Sep 17
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Singaporean (SGX) Construction Machinery and Vehicles Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M32.6%
- 1Y33.9%
- YTDn/a
The Construction Machinery and Vehicles is pretty flat in the last 7 days, but ASL Marine Holdings has stood out, gaining 39%. As for the the longer term, the industry is up 34% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Singaporean Construction Machinery and Vehicles Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | S$23.2b | S$21.5b | S$1.9b | 9.9x | 12.1x | 1.1x |
| Sun, 17 Aug 2025 | S$21.4b | S$21.4b | S$1.9b | 10.6x | 11.3x | 1x |
| Tue, 15 Jul 2025 | S$18.2b | S$19.4b | S$1.6b | 9.4x | 11.5x | 0.9x |
| Thu, 12 Jun 2025 | S$17.7b | S$19.4b | S$1.6b | 10.7x | 11.2x | 0.9x |
| Sat, 10 May 2025 | S$16.7b | S$19.4b | S$1.7b | 9.2x | 9.6x | 0.9x |
| Mon, 07 Apr 2025 | S$16.7b | S$19.6b | S$1.8b | 9.6x | 9.4x | 0.8x |
| Wed, 05 Mar 2025 | S$17.8b | S$19.6b | S$1.8b | 8.6x | 10x | 0.9x |
| Fri, 31 Jan 2025 | S$20.6b | S$18.6b | -S$348,100,642.54 | 11.6x | -59.2x | 1.1x |
| Sun, 29 Dec 2024 | S$19.8b | S$18.6b | -S$350,733,209.17 | 11.4x | -56.6x | 1.1x |
| Tue, 26 Nov 2024 | S$18.2b | S$18.6b | -S$352,304,621.21 | 11x | -51.6x | 1x |
| Thu, 24 Oct 2024 | S$18.1b | S$18.6b | -S$342,953,331.05 | 8.2x | -52.7x | 1x |
| Sat, 21 Sep 2024 | S$17.8b | S$18.5b | -S$351,550,797.99 | 10.6x | -50.6x | 1x |
| Mon, 19 Aug 2024 | S$16.1b | S$18.5b | -S$353,328,296.63 | 6.7x | -45.5x | 0.9x |
| Wed, 17 Jul 2024 | S$15.6b | S$17.0b | -S$935,025,871.38 | 6.9x | -16.7x | 0.9x |
| Fri, 14 Jun 2024 | S$16.4b | S$17.0b | -S$930,996,865.70 | 7x | -17.6x | 1x |
| Sun, 12 May 2024 | S$13.7b | S$16.9b | -S$1,116,967,862.90 | 7.9x | -12.3x | 0.8x |
| Tue, 09 Apr 2024 | S$14.0b | S$16.9b | -S$1,044,264,630.09 | 7.6x | -13.5x | 0.8x |
| Thu, 07 Mar 2024 | S$14.1b | S$13.3b | S$512.3m | 7.5x | 27.5x | 1.1x |
| Sat, 03 Feb 2024 | S$14.2b | S$12.7b | S$297.2m | 10.2x | 47.7x | 1.1x |
| Mon, 01 Jan 2024 | S$14.8b | S$12.7b | S$290.3m | 10.3x | 51x | 1.2x |
| Wed, 29 Nov 2023 | S$14.0b | S$12.7b | S$292.9m | 9.6x | 47.8x | 1.1x |
| Fri, 27 Oct 2023 | S$14.4b | S$12.7b | S$283.4m | 9.9x | 50.7x | 1.1x |
| Sun, 24 Sep 2023 | S$16.8b | S$12.7b | S$282.8m | 10.3x | 59.5x | 1.3x |
| Tue, 22 Aug 2023 | S$16.8b | S$12.6b | S$256.6m | 10.6x | 65.5x | 1.3x |
| Thu, 20 Jul 2023 | S$16.4b | S$10.5b | S$286.5m | 12.3x | 57.4x | 1.6x |
| Sat, 17 Jun 2023 | S$14.9b | S$10.6b | S$297.7m | 10.5x | 50.2x | 1.4x |
| Mon, 15 May 2023 | S$14.0b | S$10.7b | S$309.3m | 9.3x | 45.4x | 1.3x |
| Wed, 12 Apr 2023 | S$13.6b | S$10.7b | S$292.7m | 9.4x | 46.5x | 1.3x |
| Fri, 10 Mar 2023 | S$13.4b | S$10.7b | S$294.4m | 10.4x | 45.6x | 1.3x |
| Sun, 05 Feb 2023 | S$10.4b | S$11.2b | S$176.4m | 8.5x | 58.9x | 0.9x |
| Tue, 03 Jan 2023 | S$10.6b | S$11.2b | S$173.1m | 8x | 61.1x | 0.9x |
| Thu, 01 Dec 2022 | S$10.9b | S$11.1b | S$163.7m | 8.3x | 66.3x | 1x |
| Sat, 29 Oct 2022 | S$9.6b | S$11.2b | S$172.8m | 8.3x | 55.5x | 0.9x |
| Mon, 26 Sep 2022 | S$9.4b | S$11.3b | S$195.6m | 8.5x | 47.8x | 0.8x |
Price to Earnings Ratio
47.8x
Current Industry PE
- Investors are pessimistic on the Singaporean Construction Machinery and Heavy Trucks 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 12.1x which is lower than its 3-year average PE of 16.2x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Construction Machinery and Heavy Trucks industry have grown 114% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Singaporean Construction Machinery and Vehicles compare with similar industries?
| SG Market | 0.21% | |
| Industrials | 1.60% | |
| Machinery | -0.21% | |
| Construction Machinery and Vehicles | -0.29% | |
| Industrial Machinery | 1.13% | |
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 | |
|---|---|---|---|---|---|
| A04 ASL Marine Holdings | S$0.20 | 38.5% +S$56.3m | 253.4% | PE13.9x | |
| H22 Hong Leong Asia | S$2.46 | 2.5% +S$44.9m | 189.4% | PE19.6x | |
| BS6 Yangzijiang Shipbuilding (Holdings) | S$3.20 | 0.3% +S$39.4m | 19.4% | PE9x | |
| 5E2 Seatrium | S$2.36 | 0.4% +S$33.9m | 35.6% | PE30.1x | |
| G50 Grand Banks Yachts | S$0.66 | 3.1% +S$3.7m | 34.7% | PE6.8x |
