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Singaporean (SGX) Materials Sector Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies27
  • 7D2.1%
  • 3M14.1%
  • 1Y31.0%
  • YTD10.3%

Over the last 7 days, the Materials industry has risen 3.6%, driven by gains from CNMC Goldmine Holdings of 35%. In the same time, International Cement Group was down 6.5%. In the last 12 months, the industry was up 33%. As for the next few years, earnings are expected to grow by 9.4% per annum.

Sector Valuation and Performance

Has the Singaporean Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026S$8.3bS$7.9bS$190.4m13.2x43.6x1x
Sat, 24 Jan 2026S$7.8bS$8.0bS$234.9m13.4x33.2x1x
Mon, 22 Dec 2025S$7.3bS$8.0bS$230.5m12.9x31.7x0.9x
Wed, 19 Nov 2025S$7.3bS$8.0bS$230.7m12.7x31.7x0.9x
Fri, 17 Oct 2025S$7.4bS$8.0bS$230.5m13.2x32.2x0.9x
Sun, 14 Sep 2025S$7.4bS$8.0bS$224.9m14.1x32.9x0.9x
Tue, 12 Aug 2025S$6.7bS$7.9bS$224.8m13.4x29.9x0.9x
Thu, 10 Jul 2025S$6.3bS$7.8bS$387.8m13x16.3x0.8x
Sat, 07 Jun 2025S$6.0bS$7.8bS$387.8m12.8x15.5x0.8x
Mon, 05 May 2025S$6.0bS$7.8bS$197.4m11.3x30.3x0.8x
Wed, 02 Apr 2025S$6.1bS$7.8bS$201.8m11.1x30.1x0.8x
Fri, 28 Feb 2025S$6.3bS$7.8bS$124.3m12.1x50.5x0.8x
Sun, 26 Jan 2025S$6.2bS$7.5bS$98.1m15.7x63.4x0.8x
Tue, 24 Dec 2024S$6.2bS$7.5bS$100.8m14.4x61.8x0.8x
Thu, 21 Nov 2024S$6.2bS$7.5bS$100.5m15.1x61.4x0.8x
Sat, 19 Oct 2024S$6.4bS$7.5bS$95.4m14.3x67.5x0.9x
Mon, 16 Sep 2024S$6.2bS$7.5bS$97.1m14.2x63.8x0.8x
Wed, 14 Aug 2024S$5.8bS$7.5bS$115.4m10.5x50.5x0.8x
Fri, 12 Jul 2024S$6.1bS$7.6bS$181.2m12.4x33.6x0.8x
Sun, 09 Jun 2024S$5.9bS$7.6bS$180.4m12.8x32.9x0.8x
Tue, 07 May 2024S$6.0bS$7.6bS$172.2m15.4x35.1x0.8x
Thu, 04 Apr 2024S$6.2bS$7.7bS$158.5m13.2x39.3x0.8x
Sat, 02 Mar 2024S$6.3bS$7.8bS$159.5m12.1x39.2x0.8x
Mon, 29 Jan 2024S$4.5bS$9.6bS$34.6m11.5x129.4x0.5x
Wed, 27 Dec 2023S$4.6bS$9.6bS$37.3m10.2x123.8x0.5x
Fri, 24 Nov 2023S$4.7bS$9.6bS$37.9m10x123.7x0.5x
Sun, 22 Oct 2023S$4.7bS$9.7bS$68.2m8.6x68.9x0.5x
Tue, 19 Sep 2023S$4.9bS$9.7bS$67.1m10.6x72.5x0.5x
Thu, 17 Aug 2023S$4.9bS$10.4bS$93.0m10x52.4x0.5x
Sat, 15 Jul 2023S$5.1bS$11.1bS$862.5m9.5x6x0.5x
Mon, 12 Jun 2023S$5.5bS$11.2bS$864.2m9.3x6.3x0.5x
Wed, 10 May 2023S$5.6bS$11.3bS$935.0m8.5x6x0.5x
Fri, 07 Apr 2023S$5.9bS$11.3bS$939.1m9.3x6.2x0.5x
Sun, 05 Mar 2023S$5.7bS$11.8bS$937.5m10.2x6x0.5x
Price to Earnings Ratio

6x


Total Market Cap: S$5.7bTotal Earnings: S$937.5mTotal Revenue: S$11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Materials Sector Price to Earnings3Y Average 44.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Singaporean Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 44.2x.
  • The 3-year average PS ratio of 0.73x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 41% per year over the last three years,
  • Revenues have also declined 12% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Singaporean Materials sector?

SG Market1.48%
Materials2.08%
Metals and Mining8.59%
Packaging0.94%
Chemicals0.68%
Paper and Forestry Products-1.18%
Basic Materials-2.19%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 14.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 9.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 57% per year.
  • In contrast, the Metals and Mining industry is expected to see its earnings decline by 2.1% 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
5TP CNMC Goldmine HoldingsS$1.7321.0%
+S$121.6m		496.6%PE26.2x
A7RU Keppel Infrastructure TrustS$0.551.9%
+S$60.8m		25.0%PE36x
5F7 Wilton ResourcesS$0.01122.2%
+S$5.2m		120.0%PS179.8x
T12 Tat Seng Packaging GroupS$0.932.8%
+S$3.9m		17.1%PE9.2x
BAZ Lion AsiapacS$0.3017.6%
+S$3.6m		30.4%PS1.1x

Latest News

MZH
S$0.62
Nanofilm Technologies International
7D
-3.1%
1Y
-11.4%
A7RU
S$0.55
Keppel Infrastructure Trust
7D
1.9%
1Y
25.0%

A7RU: Fair Value Will Remain Steady As Key Assumptions Are Fine Tuned

Analysts have left their fair value estimate for Keppel Infrastructure Trust broadly unchanged at about SGD0.57 per unit. This reflects only minor tweaks to inputs such as the discount rate and assumed future P/E that fine tune, rather than overhaul, their previous price target rationale.
OAJ
S$0.24
Fortress Minerals
7D
2.1%
1Y
4.3%
KUO
S$0.073
International Cement Group
7D
-5.2%
1Y
329.4%
5TP
S$1.73
CNMC Goldmine Holdings
7D
21.0%
1Y
496.6%
N02
S$0.90
NSL
7D
-1.6%
1Y
22.4%
QES
S$0.76
China Sunsine Chemical Holdings
7D
-1.3%
1Y
58.3%
S20
S$1.73
Straits Trading
7D
-4.9%
1Y
19.3%
BAZ
S$0.30
Lion Asiapac
7D
17.6%
1Y
30.4%
41T
S$0.004
GCCP Resources
7D
33.3%
1Y
-33.3%
1J7
S$0.12
Jawala
7D
-20.0%
1Y
n/a
5F7
S$0.011
Wilton Resources
7D
22.2%
1Y
120.0%
QNS
S$0.45
Southern Alliance Mining
7D
-2.2%
1Y
-22.4%
T12
S$0.93
Tat Seng Packaging Group
7D
2.8%
1Y
17.1%
N08
S$0.22
New Toyo International Holdings
7D
-6.4%
1Y
-12.0%
C8R
S$0.024
Jiutian Chemical Group
7D
4.3%
1Y
-14.3%