Singaporean Undervalued Small Caps

Soilbuild Construction Group

Market Cap: S$519.6m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

CNMC Goldmine Holdings

Market Cap: S$413.4m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Hong Leong Asia

Market Cap: S$1.6b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Indofood Agri Resources

Market Cap: S$523.5m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Tiong Woon Corporation Holding

Market Cap: S$179.7m

An investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors.

Lum Chang Creations

Market Cap: S$154.4m

Operates as an urban revitalization specialist that offers conservation and restoration works in Singapore and Malaysia.

APAC Realty

Market Cap: S$250.0m

An investment holding company, provides real estate services in Singapore, Indonesia, Vietnam, and internationally.