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Singaporean (SGX) Tech Sector Analysis

UpdatedFeb 19, 2025
DataAggregated Company Financials
Companies43
  • 7D2.0%
  • 3M3.0%
  • 1Y-9.1%
  • YTD2.1%

AEM Holdings is up 5.5%, leading the way for the Tech industry, which has gained 2.0%. During this same period, the Procurri underperformed, falling 18%. In contrast, the industry has lost 9.1% in the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025S$8.1bS$10.2bS$378.4m11.9x21.5x0.8x
Sun, 19 Jan 2025S$7.9bS$10.3bS$382.8m14.3x20.6x0.8x
Tue, 17 Dec 2024S$8.9bS$10.5bS$414.2m15x21.5x0.8x
Thu, 14 Nov 2024S$8.8bS$10.5bS$387.4m14.6x22.7x0.8x
Sat, 12 Oct 2024S$9.4bS$10.6bS$422.0m15.6x22.3x0.9x
Mon, 09 Sep 2024S$9.3bS$10.6bS$418.9m17.3x22.1x0.9x
Wed, 07 Aug 2024S$9.2bS$10.7bS$416.9m13.8x22.1x0.9x
Fri, 05 Jul 2024S$9.5bS$10.7bS$414.3m15.3x23x0.9x
Sun, 02 Jun 2024S$9.4bS$10.7bS$434.3m13.7x21.7x0.9x
Tue, 30 Apr 2024S$9.6bS$10.8bS$455.9m11.6x21.2x0.9x
Thu, 28 Mar 2024S$9.4bS$10.9bS$448.7m11.5x21x0.9x
Sat, 24 Feb 2024S$9.5bS$10.9bS$466.8m14.1x20.3x0.9x
Mon, 22 Jan 2024S$9.7bS$13.7bS$493.7m14.1x19.6x0.7x
Wed, 20 Dec 2023S$9.8bS$13.7bS$493.9m13.7x19.8x0.7x
Fri, 17 Nov 2023S$9.7bS$13.8bS$517.6m14.2x18.7x0.7x
Sun, 15 Oct 2023S$9.6bS$14.2bS$605.0m11.9x15.9x0.7x
Tue, 12 Sep 2023S$9.6bS$14.2bS$607.5m13.4x15.8x0.7x
Thu, 10 Aug 2023S$10.0bS$14.7bS$674.6m13x14.8x0.7x
Sat, 08 Jul 2023S$10.1bS$15.0bS$686.4m11.7x14.6x0.7x
Mon, 05 Jun 2023S$10.1bS$15.0bS$687.5m12.1x14.7x0.7x
Wed, 03 May 2023S$10.8bS$15.2bS$736.3m10.7x14.7x0.7x
Fri, 31 Mar 2023S$10.9bS$15.2bS$742.2m10.4x14.7x0.7x
Sun, 26 Feb 2023S$11.6bS$15.3bS$769.3m12.1x15.1x0.8x
Tue, 24 Jan 2023S$11.8bS$15.2bS$874.1m11.6x13.5x0.8x
Thu, 22 Dec 2022S$11.4bS$15.4bS$877.0m10.8x13.1x0.7x
Sat, 19 Nov 2022S$11.5bS$15.5bS$889.1m10.8x12.9x0.7x
Mon, 17 Oct 2022S$10.7bS$15.1bS$829.1m11.1x12.9x0.7x
Wed, 14 Sep 2022S$12.2bS$15.1bS$828.2m13.1x14.8x0.8x
Fri, 12 Aug 2022S$12.5bS$14.6bS$794.8m13.6x15.7x0.9x
Sun, 10 Jul 2022S$11.8bS$14.4bS$781.6m11.7x15.2x0.8x
Tue, 07 Jun 2022S$12.3bS$14.1bS$741.7m12.5x16.6x0.9x
Thu, 05 May 2022S$12.6bS$14.1bS$749.8m13.6x16.8x0.9x
Sat, 02 Apr 2022S$12.4bS$13.8bS$732.8m13.6x17x0.9x
Mon, 28 Feb 2022S$12.1bS$13.7bS$782.7m13.7x15.4x0.9x
Price to Earnings Ratio

15.4x


Total Market Cap: S$12.1bTotal Earnings: S$782.7mTotal Revenue: S$13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Tech Sector Price to Earnings3Y Average 17.6x202320242025
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 21.5x which is higher than its 3-year average PE of 17.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 21% per year over the last three years,
  • Revenues have also declined 9.3% 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 Market1.45%
Tech1.98%
Semiconductors5.50%
IT4.21%
Communications1.12%
Tech Hardware0.85%
Electronic Equipment and Components0.73%
Software0%0
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 42.3%, which is higher than its past year's earnings decline of 25.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 5.1% 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
AWX AEM HoldingsS$1.535.5%
+S$25.0m		-45.0%PS1.4x
8AZ Aztech GlobalS$0.724.3%
+S$23.2m		-17.2%PE6.4x
V03 VentureS$12.960.4%
+S$14.4m		-8.1%PE14.8x
532 DISAS$0.002100.0%
+S$10.5m		100.0%PS2.6x
BBW Azeus Systems HoldingsS$12.002.6%
+S$9.0m		46.3%PE19.6x
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Latest News

AWX

S$1.53

AEM Holdings

7D

5.5%

1Y

-45.0%

AEM Holdings Ltd.'s (SGX:AWX) Shares May Have Run Too Fast Too Soon

Feb 18
AEM Holdings Ltd.'s (SGX:AWX) Shares May Have Run Too Fast Too Soon

532

S$0.002

DISA

7D

100.0%

1Y

100.0%

1R6

S$0.19

Avi-Tech Holdings

7D

-3.5%

1Y

-27.2%

Y3D

S$0.038

mDR

7D

-7.3%

1Y

-33.3%

544

S$0.46

CSE Global

7D

1.1%

1Y

8.2%

BBW

S$12.00

Azeus Systems Holdings

7D

2.6%

1Y

46.3%

1Y1

S$0.056

9R

7D

-1.8%

1Y

24.4%

V03

S$12.96

Venture

7D

0.4%

1Y

-8.1%

8AZ

S$0.72

Aztech Global

7D

4.3%

1Y

-17.2%

N01

S$0.087

Nera Telecommunications

7D

-4.4%

1Y

10.1%

BXE

S$0.12

CDW Holding

7D

-6.9%

1Y

-37.1%

AYN

S$0.94

Global Testing

7D

-3.6%

1Y

6.9%

BVQ

S$0.14

Procurri

7D

-17.6%

1Y

-37.8%

Some Confidence Is Lacking In Procurri Corporation Limited (SGX:BVQ) As Shares Slide 27%

Dec 05
Some Confidence Is Lacking In Procurri Corporation Limited (SGX:BVQ) As Shares Slide 27%

558

S$1.06

UMS Integration

7D

1.0%

1Y

-28.4%

BN2

S$0.66

Valuetronics Holdings

7D

2.3%

1Y

10.9%

WJ9

S$0.01

Advanced Systems Automation

7D

-9.1%

1Y

-84.6%