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Singaporean (SGX) Tech Sector Analysis

UpdatedApr 19, 2025
DataAggregated Company Financials
Companies43
  • 7D0.3%
  • 3M-11.4%
  • 1Y-21.0%
  • YTD-12.2%

In the last week, the Tech industry is flat overall, with Aztech Global standing out by going down 24%. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Apr 2025S$7.0bS$9.7bS$387.9m16.1x17.9x0.7x
Mon, 17 Mar 2025S$7.9bS$10.2bS$409.5m14.6x19.4x0.8x
Wed, 12 Feb 2025S$8.0bS$10.3bS$381.9m13.6x20.9x0.8x
Fri, 10 Jan 2025S$8.0bS$10.3bS$382.8m14.1x20.9x0.8x
Sun, 08 Dec 2024S$9.0bS$10.5bS$414.2m15x21.6x0.9x
Tue, 05 Nov 2024S$9.0bS$10.5bS$404.7m15.5x22.3x0.9x
Thu, 03 Oct 2024S$9.5bS$10.6bS$422.5m15.9x22.4x0.9x
Sat, 31 Aug 2024S$9.4bS$10.6bS$423.6m15.6x22.2x0.9x
Mon, 29 Jul 2024S$9.7bS$10.7bS$414.6m15.3x23.5x0.9x
Wed, 26 Jun 2024S$9.5bS$10.7bS$414.7m15.3x22.9x0.9x
Fri, 24 May 2024S$9.4bS$10.7bS$435.9m11.3x21.5x0.9x
Sun, 21 Apr 2024S$9.4bS$10.9bS$453.3m11.5x20.8x0.9x
Tue, 19 Mar 2024S$9.3bS$10.8bS$448.5m11x20.8x0.9x
Thu, 15 Feb 2024S$9.3bS$11.2bS$479.5m13.5x19.4x0.8x
Sat, 13 Jan 2024S$10.0bS$13.7bS$494.3m14.2x20.1x0.7x
Mon, 11 Dec 2023S$9.7bS$13.7bS$494.2m13.7x19.6x0.7x
Wed, 08 Nov 2023S$9.7bS$14.3bS$615.2m12.3x15.7x0.7x
Fri, 06 Oct 2023S$9.6bS$14.2bS$605.0m11.9x15.8x0.7x
Sun, 03 Sep 2023S$9.8bS$14.2bS$613.2m13.9x16x0.7x
Tue, 01 Aug 2023S$10.3bS$14.9bS$686.6m12.1x15x0.7x
Thu, 29 Jun 2023S$10.1bS$15.0bS$686.5m12.1x14.6x0.7x
Sat, 27 May 2023S$10.2bS$15.1bS$690.6m10.7x14.7x0.7x
Mon, 24 Apr 2023S$10.9bS$15.2bS$739.2m10.5x14.8x0.7x
Wed, 22 Mar 2023S$10.6bS$15.2bS$741.9m10.5x14.2x0.7x
Fri, 17 Feb 2023S$11.7bS$15.2bS$852.5m10.6x13.7x0.8x
Sun, 15 Jan 2023S$11.7bS$15.2bS$873.5m11.5x13.4x0.8x
Tue, 13 Dec 2022S$11.5bS$15.5bS$880.8m10.6x13.1x0.7x
Thu, 10 Nov 2022S$11.1bS$15.5bS$859.2m10.6x12.9x0.7x
Sat, 08 Oct 2022S$11.7bS$15.1bS$826.0m12.7x14.2x0.8x
Mon, 05 Sep 2022S$12.3bS$15.1bS$828.5m13.1x14.9x0.8x
Wed, 03 Aug 2022S$12.2bS$14.4bS$782.8m13.7x15.6x0.8x
Fri, 01 Jul 2022S$11.8bS$14.4bS$777.5m12.3x15.2x0.8x
Sun, 29 May 2022S$12.1bS$14.0bS$748.1m12.6x16.2x0.9x
Tue, 26 Apr 2022S$12.3bS$13.8bS$730.0m14.1x16.8x0.9x
Price to Earnings Ratio

16.8x


Total Market Cap: S$12.3bTotal Earnings: S$730.0mTotal Revenue: S$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Tech Sector Price to Earnings3Y Average 17.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean Information Technology 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 17.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 19% 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 Tech sector?

SG Market5.05%
Tech0.29%
Semiconductors4.59%
IT1.13%
Communications0.39%
Software0%0
Tech Hardware-0.61%
Electronic Equipment and Components-1.06%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.8x.
    • Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 28.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow 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
V03 VentureS$10.912.1%
+S$63.0m		-22.3%PE12.8x
558 UMS IntegrationS$1.014.7%
+S$32.0m		-21.7%PE17.7x
AWZ Multi-ChemS$3.155.0%
+S$13.5m		45.8%PE9.2x
AWX AEM HoldingsS$1.093.8%
+S$12.5m		-51.9%PE29.8x
5DD Micro-Mechanics (Holdings)S$1.484.2%
+S$8.3m		2.8%PE20.7x
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