Analysis Article • Jul 17
Have your own idea? Try our Stock Screener
Singaporean (SGX) Tech Sector Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies45
- 7D0.2%
- 3M14.2%
- 1Y72.5%
- YTD51.1%
The Tech industry has been flat over the last week, but AEM Holdings has lost 8.3%. The past year has been better, since the industry has gained 72% in that time. Earnings are forecast to grow by 22% annually.
Sector Valuation and Performance
Has the Singaporean Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | S$16.4b | S$11.9b | S$549.4m | 17.3x | 29.9x | 1.4x |
| Sat, 20 Jun 2026 | S$17.6b | S$11.9b | S$550.8m | 18.8x | 31.9x | 1.5x |
| Mon, 18 May 2026 | S$17.2b | S$11.8b | S$539.5m | 20.8x | 31.9x | 1.5x |
| Wed, 15 Apr 2026 | S$13.6b | S$11.8b | S$534.1m | 17.5x | 25.5x | 1.2x |
| Fri, 13 Mar 2026 | S$12.2b | S$11.8b | S$510.8m | 16.7x | 23.9x | 1x |
| Sun, 08 Feb 2026 | S$11.4b | S$11.1b | S$459.4m | 19.9x | 24.8x | 1x |
| Tue, 06 Jan 2026 | S$10.4b | S$9.3b | S$427.5m | 18.6x | 24.2x | 1.1x |
| Thu, 04 Dec 2025 | S$10.0b | S$9.3b | S$429.1m | 19x | 23.3x | 1.1x |
| Sat, 01 Nov 2025 | S$10.1b | S$9.3b | S$415.7m | 19.8x | 24.3x | 1.1x |
| Mon, 29 Sep 2025 | S$9.5b | S$9.3b | S$418.1m | 19.9x | 22.6x | 1x |
| Wed, 27 Aug 2025 | S$9.1b | S$9.5b | S$421.0m | 19.7x | 21.6x | 1x |
| Fri, 25 Jul 2025 | S$8.9b | S$9.5b | S$394.6m | 18.7x | 22.6x | 0.9x |
| Sun, 22 Jun 2025 | S$7.6b | S$9.7b | S$392.6m | 18.9x | 19.4x | 0.8x |
| Tue, 20 May 2025 | S$7.3b | S$9.6b | S$385.1m | 17.6x | 19x | 0.8x |
| Thu, 17 Apr 2025 | S$7.0b | S$9.7b | S$388.2m | 15.9x | 18x | 0.7x |
| Sat, 15 Mar 2025 | S$7.9b | S$10.2b | S$409.5m | 14.6x | 19.4x | 0.8x |
| Mon, 10 Feb 2025 | S$7.9b | S$10.3b | S$384.3m | 13.4x | 20.5x | 0.8x |
| Wed, 08 Jan 2025 | S$8.1b | S$10.3b | S$382.8m | 14.4x | 21x | 0.8x |
| Fri, 06 Dec 2024 | S$9.0b | S$10.5b | S$414.0m | 15x | 21.7x | 0.9x |
| Sun, 03 Nov 2024 | S$9.0b | S$10.5b | S$404.9m | 15.5x | 22.3x | 0.9x |
| Tue, 01 Oct 2024 | S$9.5b | S$10.6b | S$422.7m | 16x | 22.4x | 0.9x |
| Thu, 29 Aug 2024 | S$9.4b | S$10.6b | S$416.7m | 15.2x | 22.5x | 0.9x |
| Sat, 27 Jul 2024 | S$9.7b | S$10.7b | S$414.6m | 15.3x | 23.5x | 0.9x |
| Mon, 24 Jun 2024 | S$9.5b | S$10.7b | S$414.7m | 15.2x | 22.9x | 0.9x |
| Wed, 22 May 2024 | S$9.3b | S$10.7b | S$436.0m | 11.4x | 21.4x | 0.9x |
| Fri, 19 Apr 2024 | S$9.5b | S$10.9b | S$453.2m | 11.6x | 20.9x | 0.9x |
| Sun, 17 Mar 2024 | S$9.4b | S$10.8b | S$448.7m | 11.2x | 20.9x | 0.9x |
| Tue, 13 Feb 2024 | S$9.3b | S$11.2b | S$479.6m | 13.6x | 19.3x | 0.8x |
| Thu, 11 Jan 2024 | S$9.9b | S$13.7b | S$494.3m | 14.1x | 20.1x | 0.7x |
| Sat, 09 Dec 2023 | S$9.7b | S$13.7b | S$494.2m | 13.7x | 19.6x | 0.7x |
| Mon, 06 Nov 2023 | S$9.5b | S$14.3b | S$614.5m | 11.8x | 15.5x | 0.7x |
| Wed, 04 Oct 2023 | S$9.6b | S$14.3b | S$605.3m | 12.2x | 15.8x | 0.7x |
| Fri, 01 Sep 2023 | S$9.8b | S$14.2b | S$613.2m | 13.9x | 16x | 0.7x |
| Sun, 30 Jul 2023 | S$10.3b | S$14.9b | S$686.1m | 12x | 15.1x | 0.7x |
Price to Earnings Ratio
15.1x
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 29.9x which is higher than its 3-year average PE of 21.8x.
- The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 7.1% per year over the last three years,
- Revenues have also declined 7.2% 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 | 1.02% | |
| Tech | 0.16% | |
| Communications | 7.28% | |
| IT | 6.17% | |
| Tech Hardware | 2.32% | |
| Software | 0% | 0 |
| Electronic Equipment and Components | -1.03% | |
| Semiconductors | -1.28% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 40.4%, which is lower than the prior year's growth of 147.5% per year.
- Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.6x.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 40% over the next 5 years.
- However this is lower than its past earnings growth rate of 147% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 9.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 544 CSE Global | S$1.25 | 2.5% +S$21.9m | 92.3% | PE24.3x | |
| A31 Addvalue Technologies | S$0.15 | 2.1% +S$11.1m | 711.1% | PE86.2x | |
| ITS Info-Tech Systems | S$0.98 | 2.6% +S$6.5m | 12.6% | PE16.8x | |
| AWZ Multi-Chem | S$3.72 | 1.6% +S$5.4m | 13.1% | PE12.7x | |
| K29 Karin Technology Holdings | S$0.26 | 6.1% +S$3.2m | -5.5% | PS0.2x |