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Singaporean (SGX) Tech Sector Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies44
  • 7D1.1%
  • 3M-3.7%
  • 1Y-6.9%
  • YTD-10.2%

In the last week, the Tech industry is flat overall, with Azeus Systems Holdings standing out by going down 5.3%. As for the longer term, the industry has declined 6.7% in the last 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
Thu, 21 Nov 2024S$8.9bS$10.5bS$408.3m14.7x21.8x0.8x
Sat, 19 Oct 2024S$9.4bS$10.6bS$422.0m15.8x22.3x0.9x
Mon, 16 Sep 2024S$9.3bS$10.6bS$414.8m17.3x22.3x0.9x
Wed, 14 Aug 2024S$9.2bS$10.6bS$430.6m12.5x21.4x0.9x
Fri, 12 Jul 2024S$9.8bS$10.7bS$414.5m15.9x23.7x0.9x
Sun, 09 Jun 2024S$9.5bS$10.7bS$425.9m14.9x22.2x0.9x
Tue, 07 May 2024S$9.5bS$10.8bS$456.1m11.6x20.9x0.9x
Thu, 04 Apr 2024S$9.5bS$10.9bS$448.5m11.4x21.2x0.9x
Sat, 02 Mar 2024S$9.4bS$10.9bS$464.3m11.7x20.3x0.9x
Mon, 29 Jan 2024S$9.7bS$13.7bS$493.7m14.2x19.6x0.7x
Wed, 27 Dec 2023S$9.8bS$13.6bS$494.3m14.1x19.8x0.7x
Fri, 24 Nov 2023S$9.7bS$13.8bS$513.2m14.1x18.8x0.7x
Sun, 22 Oct 2023S$9.2bS$14.3bS$614.7m12.2x15x0.6x
Tue, 19 Sep 2023S$9.7bS$14.2bS$607.4m13.1x15.9x0.7x
Thu, 17 Aug 2023S$9.6bS$14.4bS$592.6m14.7x16.2x0.7x
Sat, 15 Jul 2023S$10.3bS$14.9bS$687.3m12.3x15x0.7x
Mon, 12 Jun 2023S$10.0bS$15.0bS$686.9m11.9x14.6x0.7x
Wed, 10 May 2023S$10.4bS$15.2bS$736.0m10.6x14.1x0.7x
Fri, 07 Apr 2023S$11.1bS$15.2bS$742.5m10.5x14.9x0.7x
Sun, 05 Mar 2023S$10.7bS$15.2bS$761.3m10.6x14x0.7x
Tue, 31 Jan 2023S$11.9bS$15.2bS$874.3m11.6x13.6x0.8x
Thu, 29 Dec 2022S$11.4bS$15.4bS$877.0m10.7x13x0.7x
Sat, 26 Nov 2022S$11.6bS$15.5bS$879.5m10.6x13.2x0.7x
Mon, 24 Oct 2022S$10.4bS$15.1bS$828.5m10.6x12.6x0.7x
Wed, 21 Sep 2022S$12.0bS$15.1bS$828.3m13.2x14.5x0.8x
Fri, 19 Aug 2022S$12.6bS$15.0bS$834.1m11.6x15.2x0.8x
Sun, 17 Jul 2022S$11.8bS$14.4bS$780.5m12.7x15.1x0.8x
Tue, 14 Jun 2022S$11.9bS$14.3bS$776.4m12.3x15.4x0.8x
Thu, 12 May 2022S$12.3bS$14.1bS$750.6m13.2x16.4x0.9x
Sat, 09 Apr 2022S$12.4bS$13.8bS$730.0m13.8x16.9x0.9x
Mon, 07 Mar 2022S$12.0bS$13.8bS$740.8m13.9x16.2x0.9x
Wed, 02 Feb 2022S$12.0bS$12.9bS$726.7m12.9x16.5x0.9x
Fri, 31 Dec 2021S$12.8bS$12.9bS$726.7m13.7x17.6x1x
Sun, 28 Nov 2021S$13.1bS$13.0bS$724.8m13.4x18x1x
Price to Earnings Ratio

18x


Total Market Cap: S$13.1bTotal Earnings: S$724.8mTotal Revenue: S$13.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Tech Sector Price to Earnings3Y Average 17.3x202220232024
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 22.6x which is higher than its 3-year average PE of 17.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 18% per year over the last three years,
  • Revenues have also declined 6.8% 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 Market0.51%
Tech1.07%
Electronic Equipment and Components2.34%
Communications1.65%
Software0%
Semiconductors-0.12%
Tech Hardware-2.33%
IT-3.77%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 11.9x.
    • 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 Semiconductors industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 5.2% 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$12.863.6%
+S$129.9m		0.5%PE14.7x
8AZ Aztech GlobalS$0.702.9%
+S$15.4m		-25.1%PE6.2x
AWZ Multi-ChemS$2.843.3%
+S$8.1m		45.6%PE8.5x
S69 Serial SystemS$0.0479.3%
+S$3.6m		-16.1%PS0.04x
BCY Powermatic Data SystemsS$2.891.4%
+S$1.4m		-2.0%PS5.6x
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1R6

S$0.23

Avi-Tech Holdings

7D

-4.2%

1Y

-4.2%

NXR

S$0.19

iWOW Technology

7D

-5.0%

1Y

-7.3%

BBW

S$10.88

Azeus Systems Holdings

7D

-6.1%

1Y

19.8%

V03

S$12.86

Venture

7D

3.6%

1Y

0.5%

Capital Allocation Trends At Venture (SGX:V03) Aren't Ideal

Nov 13
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BCY

S$2.89

Powermatic Data Systems

7D

1.4%

1Y

-2.0%

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Nov 11
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AWZ

S$2.84

Multi-Chem

7D

3.3%

1Y

45.6%

AWV

S$0.20

Captii

7D

-21.6%

1Y

-42.0%

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Nov 08
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8AZ

S$0.70

Aztech Global

7D

2.9%

1Y

-25.1%

5DD

S$1.60

Micro-Mechanics (Holdings)

7D

0.6%

1Y

-11.1%

Micro-Mechanics (Holdings)'s (SGX:5DD) Earnings Seem To Be Promising

Nov 06
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S71

S$0.23

Sunright

7D

4.5%

1Y

9.5%

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Nov 01
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J03

S$0.009

Jadason Enterprises

7D

-18.2%

1Y

28.6%

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Oct 25
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5AB

S$0.067

Trek 2000 International

7D

-11.8%

1Y

34.0%

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Oct 23
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S69

S$0.047

Serial System

7D

9.3%

1Y

-16.1%

BVQ

S$0.21

Procurri

7D

-2.3%

1Y

n/a

There's Reason For Concern Over Procurri Corporation Limited's (SGX:BVQ) Massive 26% Price Jump

Oct 07
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WJ9

S$0.024

Advanced Systems Automation

7D

9.1%

1Y

-63.1%

544

S$0.43

CSE Global

7D

-1.1%

1Y

0%

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