The industrial sector in Singapore is the backbone of the Singapore economy. Companies listed on the Singapore Exchange (SGX) span several sectors, including construction, engineering, marine and environmental services. The FTSE ST Industrials Index comprises 16 stocks within the sector that are within the top 98% by market capitalisation. According to an SGX Market Update, the index reported a 44% total return in 2025, led by these 4 stocks.
#1 Hong Leong Asia (SGX: H22)
Hong Leong Asia serves markets across Asia with core businesses in powertrain solutions and building materials. Its powertrain division supplies engines for trucks, buses, construction, and agricultural equipment in China, while its building materials division produces ready-mix concrete, precast, and cement, and is also involved in circular economy solutions and the trading of aggregates and granite.
Hong Leong generated the highest gains in the Index in 2025, with total returns of 173%.
As of 31 December 2025, it has a market capitalisation of $1.76 billion with a trailing twelve-month total revenue of $4.25 billion.
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#2 Wee Hur (SGX: E3B)
Starting as a construction company in 1980, Wee Hur has since diversified into construction, property development, workers’ accommodation, and purpose-built student accommodation. They operate a massive portfolio of student housing beds across Australia, as well as two large-scale workers’ dormitories in Singapore. Their construction arm has been awarded several major HDB contracts, while their property development arm focuses on residential, industrial, and mixed-use projects in both Singapore and Australia.
Wee Hur generated total returns of 110% in 2025.
As of 31 December 2025, it has a market capitalisation of $685 million with a trailing twelve-month total revenue of $200.79 million.
#3 ST Engineering (SGX: S63)
ST Engineering is a global technology, defence and engineering group spanning the aerospace, smart city, digital solutions, defence, and public security segments. Their global network of subsidiaries and associated companies spans Asia, Europe, the Middle East and the U.S. They recently showcased their advanced AI and security solutions, as well as their latest enterprise-grade Quantum Safe Encryptor solution, at the Singapore Finance Festival 2025.
ST Engineering generated total returns of 85% in 2025.
As of 31 December 2025, it has a market capitalisation of $26.236 billion with a trailing twelve-month total revenue of $11.28 billion.
#4 BRC Asia (SGX: BEC)
BRC Asia operates in three main segments, prefabricating steel reinforcement for use in concrete, trading of steel reinforcing bars, and the manufacturing and sale of wire mesh fences. They are the leading solutions provider for prefabricated reinforcing steel in Singapore and, following their acquisition of Lee Metal Group in 2018, the largest total reinforcing steel solutions provider worldwide.
BRC Asia generated total returns of 78% in 2025.
As of 31 December 2025, it has a market capitalisation of $1.15 billion with a trailing twelve-month total revenue of $1.55 billion.
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