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Singaporean (SGX) Materials Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies27
  • 7D2.3%
  • 3M14.4%
  • 1Y29.5%
  • YTD9.9%

Over the last 7 days, the Materials industry has risen 2.3%, driven by gains from Keppel Infrastructure Trust of 2.8%. In the same time, Jawala was down 40%. This takes the industry's 12 month performance to a gain of 29%. Looking forward, earnings are forecast to grow by 9.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026S$8.3bS$7.9bS$190.1m13x43.5x1x
Tue, 20 Jan 2026S$7.7bS$8.0bS$235.3m13x32.6x1x
Thu, 18 Dec 2025S$7.3bS$8.0bS$230.5m12.9x31.7x0.9x
Sat, 15 Nov 2025S$7.4bS$8.0bS$230.8m12.7x31.9x0.9x
Mon, 13 Oct 2025S$7.5bS$8.0bS$220.6m13.3x34.2x0.9x
Wed, 10 Sep 2025S$7.4bS$8.0bS$224.8m13.8x32.8x0.9x
Fri, 08 Aug 2025S$6.7bS$7.9bS$246.2m13.3x27.1x0.8x
Sun, 06 Jul 2025S$6.3bS$7.8bS$387.3m13x16.2x0.8x
Tue, 03 Jun 2025S$5.9bS$7.8bS$386.9m12.4x15.3x0.8x
Thu, 01 May 2025S$5.9bS$7.8bS$198.0m11.5x29.9x0.8x
Sat, 29 Mar 2025S$6.1bS$7.8bS$168.6m11.1x36.3x0.8x
Mon, 24 Feb 2025S$6.3bS$7.8bS$137.0m15.9x46.2x0.8x
Wed, 22 Jan 2025S$6.3bS$7.5bS$98.6m15.7x63.7x0.8x
Fri, 20 Dec 2024S$6.2bS$7.5bS$100.9m14.9x61.7x0.8x
Sun, 17 Nov 2024S$6.2bS$7.5bS$98.5m15.1x62.4x0.8x
Tue, 15 Oct 2024S$6.4bS$7.5bS$95.3m14.4x67.2x0.9x
Thu, 12 Sep 2024S$5.9bS$7.5bS$97.1m14.2x60.9x0.8x
Sat, 10 Aug 2024S$5.8bS$7.5bS$120.2m10.8x48.2x0.8x
Mon, 08 Jul 2024S$6.1bS$7.6bS$181.2m13x33.5x0.8x
Wed, 05 Jun 2024S$6.0bS$7.6bS$173.0m14.6x34.6x0.8x
Fri, 03 May 2024S$6.1bS$7.6bS$171.6m15.4x35.4x0.8x
Sun, 31 Mar 2024S$6.2bS$7.7bS$142.3m12.8x43.8x0.8x
Tue, 27 Feb 2024S$6.3bS$7.8bS$143.5m12.9x44.1x0.8x
Thu, 25 Jan 2024S$4.5bS$9.6bS$34.8m11.3x129.9x0.5x
Sat, 23 Dec 2023S$4.6bS$9.6bS$37.4m10.3x123.4x0.5x
Mon, 20 Nov 2023S$4.6bS$9.6bS$37.5m10.2x123.8x0.5x
Wed, 18 Oct 2023S$4.8bS$9.7bS$68.0m8.8x70.4x0.5x
Fri, 15 Sep 2023S$4.9bS$9.7bS$67.1m10.6x73x0.5x
Sun, 13 Aug 2023S$4.9bS$10.4bS$789.1m10.1x6.2x0.5x
Tue, 11 Jul 2023S$5.2bS$11.2bS$863.2m9.9x6.1x0.5x
Thu, 08 Jun 2023S$5.5bS$11.2bS$864.5m9.3x6.3x0.5x
Sat, 06 May 2023S$5.7bS$11.3bS$935.1m8.8x6x0.5x
Mon, 03 Apr 2023S$5.7bS$11.3bS$939.6m9.3x6.1x0.5x
Wed, 01 Mar 2023S$5.7bS$11.1bS$1.3b11x4.4x0.5x
Price to Earnings Ratio

4.4x


Total Market Cap: S$5.7bTotal Earnings: S$1.3bTotal Revenue: S$11.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Materials Sector Price to Earnings3Y Average 44.1x202420252026
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 44.1x.
  • 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 47% per year over the last three years,
  • Revenues have also declined 10% 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 Market1.56%
Materials2.30%
Basic Materials4.05%
Metals and Mining2.57%
Chemicals2.50%
Packaging0.21%
Paper and Forestry Products-2.87%
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
A7RU Keppel Infrastructure TrustS$0.552.8%
+S$91.3m		23.6%PE36x
5TP CNMC Goldmine HoldingsS$1.419.3%
+S$48.6m		327.3%PE21.3x
KUO International Cement GroupS$0.0776.9%
+S$28.7m		352.9%PE31.4x
QES China Sunsine Chemical HoldingsS$0.762.0%
+S$14.3m		58.3%PE8.3x
MZH Nanofilm Technologies InternationalS$0.641.6%
+S$6.5m		-9.9%PE31.6x

Latest News

OAJ
S$0.24
Fortress Minerals
7D
-2.0%
1Y
0%
N02
S$0.92
NSL
7D
1.1%
1Y
23.6%
QES
S$0.76
China Sunsine Chemical Holdings
7D
2.0%
1Y
58.3%
KUO
S$0.077
International Cement Group
7D
6.9%
1Y
352.9%
5AU
S$0.14
AP Oil International
7D
-2.1%
1Y
2.1%
A7RU
S$0.55
Keppel Infrastructure Trust
7D
2.8%
1Y
23.6%

A7RU: Fair Value Will Stay Steady As Earnings Assumptions Shift Marginally

Analysts have lifted their price target on Keppel Infrastructure Trust to reflect an updated fair value of $0.57. The change is linked to revised assumptions for revenue growth, profit margins, discount rate and a lower future P/E multiple.
5TP
S$1.41
CNMC Goldmine Holdings
7D
9.3%
1Y
327.3%
1J7
S$0.15
Jawala
7D
-40.0%
1Y
n/a
MZH
S$0.64
Nanofilm Technologies International
7D
1.6%
1Y
-9.9%
5F7
S$0.009
Wilton Resources
7D
12.5%
1Y
50.0%
S44
S$1.04
EnGro
7D
2.0%
1Y
48.6%

EnGro's (SGX:S44) Promising Earnings May Rest On Soft Foundations

Aug 19
EnGro's (SGX:S44) Promising Earnings May Rest On Soft Foundations
X5N
S$2.35
Avarga
7D
-1.3%
1Y
0%