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Singaporean (SGX) Materials Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies27
  • 7D-2.9%
  • 3M11.2%
  • 1Y33.9%
  • YTD7.1%

Over the last 7 days, the Materials industry has dropped 2.9%, driven by Keppel Infrastructure Trust declining 4.7%. Meanwhile, CNMC Goldmine Holdings actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 34%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026S$8.1bS$8.0bS$248.5m12.5x32.4x1x
Sat, 31 Jan 2026S$7.9bS$8.0bS$233.9m13.5x33.7x1x
Mon, 29 Dec 2025S$7.4bS$8.0bS$230.1m12.8x32.2x0.9x
Wed, 26 Nov 2025S$7.3bS$8.0bS$230.9m13x31.7x0.9x
Fri, 24 Oct 2025S$7.4bS$8.0bS$230.8m13.6x31.9x0.9x
Sun, 21 Sep 2025S$7.5bS$8.0bS$225.2m13.8x33.1x0.9x
Tue, 19 Aug 2025S$6.7bS$8.0bS$223.0m11.8x29.9x0.8x
Thu, 17 Jul 2025S$6.5bS$7.8bS$162.3m13.3x39.9x0.8x
Sat, 14 Jun 2025S$6.0bS$7.8bS$386.9m12.9x15.6x0.8x
Mon, 12 May 2025S$5.9bS$7.8bS$198.2m11.7x29.7x0.8x
Wed, 09 Apr 2025S$5.6bS$7.8bS$201.8m10.6x27.9x0.7x
Fri, 07 Mar 2025S$6.1bS$7.8bS$170.4m11.3x35.6x0.8x
Sun, 02 Feb 2025S$6.4bS$7.5bS$98.6m15.7x65.3x0.9x
Tue, 31 Dec 2024S$6.2bS$7.5bS$100.8m15.7x61.4x0.8x
Thu, 28 Nov 2024S$6.2bS$7.5bS$100.5m14.3x61.7x0.8x
Sat, 26 Oct 2024S$6.3bS$7.5bS$95.6m13.6x65.7x0.8x
Mon, 23 Sep 2024S$6.3bS$7.5bS$96.8m13.8x65x0.8x
Wed, 21 Aug 2024S$5.9bS$7.5bS$113.9m11.4x51.7x0.8x
Fri, 19 Jul 2024S$6.2bS$7.6bS$181.1m12.5x34.4x0.8x
Sun, 16 Jun 2024S$6.0bS$7.6bS$181.4m13.5x33x0.8x
Tue, 14 May 2024S$6.0bS$7.6bS$172.3m15.3x34.6x0.8x
Thu, 11 Apr 2024S$6.2bS$7.7bS$159.5m13.2x39x0.8x
Sat, 09 Mar 2024S$6.3bS$7.7bS$140.4m12.5x44.6x0.8x
Mon, 05 Feb 2024S$7.3bS$11.7bS$131.1m11.7x55.5x0.6x
Wed, 03 Jan 2024S$4.7bS$9.6bS$37.3m10.3x124.9x0.5x
Fri, 01 Dec 2023S$4.6bS$9.6bS$37.8m9.9x123x0.5x
Sun, 29 Oct 2023S$4.7bS$9.7bS$68.1m9.1x68.6x0.5x
Tue, 26 Sep 2023S$4.8bS$9.7bS$67.0m10.6x71.9x0.5x
Thu, 24 Aug 2023S$4.9bS$9.7bS$93.3m10.4x52.6x0.5x
Sat, 22 Jul 2023S$5.1bS$11.1bS$862.0m9x5.9x0.5x
Mon, 19 Jun 2023S$5.5bS$11.2bS$862.0m9.3x6.4x0.5x
Wed, 17 May 2023S$5.5bS$11.3bS$875.2m8.5x6.3x0.5x
Fri, 14 Apr 2023S$6.0bS$11.3bS$938.3m9.3x6.4x0.5x
Sun, 12 Mar 2023S$5.7bS$11.4bS$949.4m9.3x6x0.5x
Price to Earnings Ratio

6x


Total Market Cap: S$5.7bTotal Earnings: S$949.4mTotal Revenue: S$11.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Materials Sector Price to Earnings3Y Average 44.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Materials 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 32.4x which is lower than its 3-year average PE of 44.5x.
  • The 3-year average PS ratio of 0.73x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 36% 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-4.33%
Materials-2.86%
Packaging14.30%
Metals and Mining0.71%
Paper and Forestry Products-1.61%
Chemicals-5.00%
Basic Materials-7.64%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 16.0x.
    • 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.
  • This is better than its past earnings growth rate of 11% per year.
  • 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
5TP CNMC Goldmine HoldingsS$1.9512.7%
+S$89.2m		550.0%PE14.7x
T12 Tat Seng Packaging GroupS$1.2333.0%
+S$47.9m		50.0%PE12.2x
DM0 PSCS$0.4210.4%
+S$21.8m		23.2%PE10.7x
MZH Nanofilm Technologies InternationalS$0.654.8%
+S$19.6m		-1.5%PE35.9x
QNS Southern Alliance MiningS$0.474.4%
+S$12.7m		14.6%PS4.6x

Latest News

BEI
S$1.11
LHT Holdings
7D
20.7%
1Y
5.7%
T12
S$1.23
Tat Seng Packaging Group
7D
33.0%
1Y
50.0%
QES
S$0.69
China Sunsine Chemical Holdings
7D
-9.2%
1Y
45.3%
5TP
S$1.95
CNMC Goldmine Holdings
7D
12.7%
1Y
550.0%
S20
S$1.65
Straits Trading
7D
-4.6%
1Y
15.4%
KUO
S$0.059
International Cement Group
7D
-19.2%
1Y
227.8%
DM0
S$0.42
PSC
7D
10.4%
1Y
23.2%
X5N
S$2.36
Avarga
7D
0.4%
1Y
0.4%
L23
S$0.029
Enviro-Hub Holdings
7D
7.4%
1Y
16.0%
N08
S$0.21
New Toyo International Holdings
7D
-10.6%
1Y
-16.0%
C8R
S$0.022
Jiutian Chemical Group
7D
-8.3%
1Y
-15.4%
MZH
S$0.65
Nanofilm Technologies International
7D
4.8%
1Y
-1.5%
A7RU
S$0.52
Keppel Infrastructure Trust
7D
-5.5%
1Y
22.4%

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$0.23
Fortress Minerals
7D
-6.1%
1Y
-2.1%
N02
S$0.89
NSL
7D
-3.8%
1Y
20.4%
QNS
S$0.47
Southern Alliance Mining
7D
4.4%
1Y
14.6%