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Singaporean (SGX) Materials Sector Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies27
  • 7D-3.8%
  • 3M5.4%
  • 1Y25.7%
  • YTD2.8%

Over the last 7 days, the Materials industry has dropped 4.3%, driven by declines in Keppel Infrastructure Trust and CNMC Goldmine Holdings of 2.9% and 12%, respectively. In contrast, Jiutian Chemical Group has gained 14%. Over the past 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026S$7.7bS$8.1bS$79.6m11.9x97.2x1x
Sat, 21 Feb 2026S$8.3bS$7.9bS$190.3m13x43.5x1x
Mon, 19 Jan 2026S$7.7bS$8.0bS$235.6m13.1x32.7x1x
Wed, 17 Dec 2025S$7.3bS$8.0bS$230.3m13x31.5x0.9x
Fri, 14 Nov 2025S$7.4bS$8.0bS$222.0m13.3x33.5x0.9x
Sun, 12 Oct 2025S$7.6bS$8.0bS$217.1m13.3x34.8x0.9x
Tue, 09 Sep 2025S$7.3bS$8.0bS$225.0m13.3x32.3x0.9x
Thu, 07 Aug 2025S$6.7bS$7.9bS$246.2m13.4x27.4x0.9x
Sat, 05 Jul 2025S$6.3bS$7.8bS$387.2m13x16.2x0.8x
Mon, 02 Jun 2025S$5.9bS$7.8bS$387.6m12.4x15.3x0.8x
Wed, 30 Apr 2025S$6.0bS$7.8bS$198.1m11.7x30.1x0.8x
Fri, 28 Mar 2025S$6.1bS$7.8bS$168.4m11.1x36.1x0.8x
Sun, 23 Feb 2025S$6.3bS$7.8bS$137.0m15.9x46.2x0.8x
Tue, 21 Jan 2025S$6.3bS$7.5bS$98.6m15.7x63.7x0.8x
Thu, 19 Dec 2024S$6.2bS$7.5bS$100.7m15.6x61.8x0.8x
Sat, 16 Nov 2024S$6.2bS$7.5bS$95.6m15.5x64.3x0.8x
Mon, 14 Oct 2024S$6.4bS$7.5bS$95.3m14.4x67.2x0.9x
Wed, 11 Sep 2024S$5.9bS$7.5bS$102.2m13.3x57.9x0.8x
Fri, 09 Aug 2024S$5.8bS$7.5bS$120.2m10.8x48.2x0.8x
Sun, 07 Jul 2024S$6.1bS$7.6bS$181.2m13x33.5x0.8x
Tue, 04 Jun 2024S$6.0bS$7.7bS$173.1m14.6x34.6x0.8x
Thu, 02 May 2024S$6.1bS$7.7bS$171.8m15.1x35.3x0.8x
Sat, 30 Mar 2024S$6.2bS$7.7bS$142.3m12.8x43.8x0.8x
Mon, 26 Feb 2024S$6.3bS$8.0bS$161.0m11x39.3x0.8x
Wed, 24 Jan 2024S$4.5bS$9.6bS$34.3m11.2x132x0.5x
Fri, 22 Dec 2023S$4.6bS$9.6bS$37.5m10.2x123.4x0.5x
Sun, 19 Nov 2023S$4.6bS$9.6bS$37.5m10.2x123.8x0.5x
Tue, 17 Oct 2023S$4.8bS$9.7bS$68.0m8.8x70.4x0.5x
Thu, 14 Sep 2023S$4.9bS$9.7bS$67.2m10.7x72.6x0.5x
Sat, 12 Aug 2023S$4.9bS$11.0bS$822.1m9.3x6x0.4x
Mon, 10 Jul 2023S$5.2bS$11.2bS$863.2m9.4x6.1x0.5x
Wed, 07 Jun 2023S$5.5bS$11.3bS$864.7m9.3x6.3x0.5x
Fri, 05 May 2023S$5.7bS$11.3bS$935.6m8.8x6.1x0.5x
Sun, 02 Apr 2023S$5.7bS$11.3bS$939.6m9.3x6.1x0.5x
Price to Earnings Ratio

6.1x


Total Market Cap: S$5.7bTotal Earnings: S$939.6mTotal Revenue: S$11.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Materials Sector Price to Earnings3Y Average 46.3x202420252026
Current Industry PE
  • Investors are optimistic on the Singaporean Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 96.0x which is higher than its 3-year average PE of 46.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 56% per year over the last three years,
  • Revenues have also declined 11% 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 Market-2.00%
Materials-3.84%
Paper and Forestry Products0.13%
Packaging-0.17%
Chemicals-3.51%
Basic Materials-3.76%
Metals and Mining-6.35%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 23.0x.
    • 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 Metals and Mining industry, expecting annual earnings growth of 16% over the next 5 years.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 11% 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
T12 Tat Seng Packaging GroupS$1.232.5%
+S$4.7m		39.8%PE11.4x
C8R Jiutian Chemical GroupS$0.0239.5%
+S$4.0m		-14.8%PS2.3x
5AU AP Oil InternationalS$0.149.4%
+S$2.0m		10.2%PE14.6x

Latest News

5TP
S$1.37
CNMC Goldmine Holdings
7D
-12.2%
1Y
315.2%
A7RU
S$0.51
Keppel Infrastructure Trust
7D
-1.9%
1Y
21.4%

A7RU: Fair Value Will Stay Steady As Core Assumptions Are Refined

Analysts have kept their SGD fair value estimate for Keppel Infrastructure Trust steady at about SGD0.57 per unit. They cite modest tweaks to inputs such as a slightly lower discount rate, marginally higher revenue growth, and a small adjustment to forward P/E assumptions that largely offset each other in their price target models.
C8R
S$0.023
Jiutian Chemical Group
7D
9.5%
1Y
-14.8%
KUO
S$0.054
International Cement Group
7D
-8.5%
1Y
200.0%
QES
S$0.61
China Sunsine Chemical Holdings
7D
-5.4%
1Y
13.9%
T12
S$1.23
Tat Seng Packaging Group
7D
2.5%
1Y
39.8%
S20
S$1.61
Straits Trading
7D
-1.8%
1Y
14.2%
DM0
S$0.41
PSC
7D
-3.5%
1Y
13.9%
5AU
S$0.14
AP Oil International
7D
9.4%
1Y
10.2%
MZH
S$0.58
Nanofilm Technologies International
7D
-5.7%
1Y
-12.1%
5F7
S$0.01
Wilton Resources
7D
-23.1%
1Y
66.7%