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Singaporean (SGX) Tech Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies44
  • 7D-1.1%
  • 3M2.5%
  • 1Y-3.0%
  • YTD-1.5%

Over the last 7 days, the Tech industry has dropped 1.6%, driven by UMS Holdings declining 9.8%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024S$9.8bS$10.7bS$414.6m14.9x23.5x0.9x
Sun, 23 Jun 2024S$9.5bS$10.7bS$414.7m15.2x22.9x0.9x
Tue, 21 May 2024S$9.3bS$10.7bS$436.1m11.4x21.3x0.9x
Thu, 18 Apr 2024S$9.4bS$10.9bS$451.6m11.5x20.8x0.9x
Sat, 16 Mar 2024S$9.4bS$10.8bS$448.6m11.2x20.9x0.9x
Mon, 12 Feb 2024S$9.3bS$11.2bS$479.7m13.6x19.3x0.8x
Wed, 10 Jan 2024S$9.9bS$13.7bS$494.3m14.1x20.1x0.7x
Fri, 08 Dec 2023S$9.6bS$13.7bS$494.2m13.4x19.4x0.7x
Sun, 05 Nov 2023S$9.5bS$14.3bS$614.5m11.8x15.5x0.7x
Tue, 03 Oct 2023S$9.6bS$14.3bS$605.2m12.1x15.8x0.7x
Thu, 31 Aug 2023S$9.7bS$14.2bS$613.3m13.9x15.9x0.7x
Sat, 29 Jul 2023S$10.3bS$14.9bS$686.1m12x15.1x0.7x
Mon, 26 Jun 2023S$10.1bS$15.0bS$686.5m12.1x14.6x0.7x
Wed, 24 May 2023S$10.0bS$15.0bS$694.2m10.3x14.4x0.7x
Fri, 21 Apr 2023S$10.9bS$15.2bS$739.2m10.6x14.8x0.7x
Sun, 19 Mar 2023S$10.8bS$15.2bS$741.9m10.5x14.5x0.7x
Tue, 14 Feb 2023S$11.7bS$15.2bS$873.3m10.8x13.4x0.8x
Thu, 12 Jan 2023S$11.6bS$15.3bS$876.0m11.2x13.2x0.8x
Sat, 10 Dec 2022S$11.6bS$15.5bS$881.0m10.6x13.2x0.8x
Mon, 07 Nov 2022S$10.8bS$15.2bS$829.5m10.4x13x0.7x
Wed, 05 Oct 2022S$11.5bS$15.2bS$826.1m12.7x13.9x0.8x
Fri, 02 Sep 2022S$12.5bS$15.1bS$828.1m13.4x15.1x0.8x
Sun, 31 Jul 2022S$12.2bS$14.5bS$783.4m13.8x15.6x0.8x
Tue, 28 Jun 2022S$11.9bS$14.3bS$776.8m11.7x15.3x0.8x
Thu, 26 May 2022S$12.0bS$14.0bS$748.3m12.6x16x0.9x
Sat, 23 Apr 2022S$12.4bS$13.8bS$729.4m13.9x16.9x0.9x
Mon, 21 Mar 2022S$11.9bS$13.8bS$733.2m13.1x16.2x0.9x
Wed, 16 Feb 2022S$12.4bS$13.0bS$713.0m14.9x17.5x1x
Fri, 14 Jan 2022S$12.7bS$12.9bS$726.1m13.6x17.5x1x
Sun, 12 Dec 2021S$13.0bS$12.9bS$724.2m13x18x1x
Tue, 09 Nov 2021S$12.7bS$12.8bS$723.2m15.1x17.6x1x
Thu, 07 Oct 2021S$12.0bS$12.8bS$726.5m15.3x16.5x0.9x
Sat, 04 Sep 2021S$12.5bS$12.8bS$727.6m14.5x17.2x1x
Mon, 02 Aug 2021S$12.4bS$12.8bS$727.6m14.7x17x1x
Price to Earnings Ratio

17x


Total Market Cap: S$12.4bTotal Earnings: S$727.6mTotal Revenue: S$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Tech Sector Price to Earnings3Y Average 16.7x202220232024
Current Industry PE
  • Investors are optimistic on the Singaporean Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 16.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 17% per year over the last three years,
  • Revenues have also declined 5.9% 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 Tech sector?

SG Market-1.23%
Tech-1.14%
IT1.66%
Communications1.43%
Electronic Equipment and Components0.26%
Software0%
Tech Hardware-0.91%
Semiconductors-7.57%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 32.0x.
    • 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 Semiconductors industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 4.6% 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
V03 VentureS$14.910.6%
+S$26.1m		0.7%PE16x
544 CSE GlobalS$0.484.3%
+S$13.9m		1.1%PE14.8x
WJ9 Advanced Systems AutomationS$0.03421.4%
+S$9.3m		-47.7%PS1.5x
Y3D mDRS$0.04820.0%
+S$7.0m		-29.4%PS0.2x
42N IPS Securex HoldingsS$0.02161.5%
+S$3.9m		-19.2%PS0.7x
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118.2%

1Y

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-3.4%

1Y

5.6%

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BXE

S$0.16

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7D

7.9%

1Y

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BLU

S$0.076

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26.7%

1Y

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BBW

S$9.50

Azeus Systems Holdings

7D

-5.7%

1Y

9.3%

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BCY

S$3.61

Powermatic Data Systems

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1Y

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532

S$0.001

DISA

7D

-50.0%

1Y

-66.7%

AWX

S$1.71

AEM Holdings

7D

-5.0%

1Y

-55.3%

T41

S$0.063

TeleChoice International

7D

-8.7%

1Y

-25.0%

8AZ

S$0.99

Aztech Global

7D

-1.0%

1Y

26.9%

V03

S$14.91

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7D

0.6%

1Y

0.7%

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Y3D

S$0.048

mDR

7D

20.0%

1Y

-29.4%

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Jun 21
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WJ9

S$0.034

Advanced Systems Automation

7D

21.4%

1Y

-47.7%

42N

S$0.021

IPS Securex Holdings

7D

61.5%

1Y

-19.2%

544

S$0.48

CSE Global

7D

4.3%

1Y

1.1%

AWZ

S$2.72

Multi-Chem

7D

-7.2%

1Y

55.4%