Singaporean Undiscovered Gems With Strong Fundamentals

HG Metal Manufacturing

Market Cap: S$148.4m

An investment holding company, trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Banyan Tree Holdings

Market Cap: S$507.6m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

VICOM

Market Cap: S$631.1m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Hafary Holdings

Market Cap: S$211.0m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

JB Foods

Market Cap: S$242.6m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Singapura Finance

Market Cap: S$128.5m

Provides deposit and financing services for individuals and businesses in Singapore.

United Overseas Insurance

Market Cap: S$501.5m

Engages in the underwriting general insurance business in Singapore, ASEAN countries, and internationally.

Ley Choon Group Holdings

Market Cap: S$159.6m

An investment holding company, provides underground utilities infrastructure construction services in Singapore and Sri Lanka.

Hotung Investment Holdings

Market Cap: S$151.1m

Operates as a venture capital investment company in Taiwan, China, Israel, the United States, the United Kingdom, and internationally.

NSL

Market Cap: S$339.9m

An investment holding company, engages in the manufacture and sale of building materials, oil and petroleum related products in Singapore, Malaysia, the United Arab Emirates, Finland, Norway, Germany, and internationally.

Mermaid Maritime

Market Cap: S$217.4m

Operates as a subsea and offshore services company in Thailand, Qatar, Nigeria, India, the United Arab Emirates, the United Kingdom, Angola, Malaysia, Singapore, Mauritius, Vietnam, and Saudi Arabia.

OKP Holdings

Market Cap: S$437.8m

Together with its subsidiary, operates as a transport infrastructure and civil engineering company in Singapore and Australia.

Nam Lee Pressed Metal Industries

Market Cap: S$167.0m

Engages in the design, fabrication, supply, and installation of steel and aluminum products in Singapore and Malaysia.

ASTI Holdings

Market Cap: S$133.8m

An investment holding company, offers semiconductor manufacturing services for surface mount technology components in Singapore, China, Malaysia, the Philippines, the United Kingdom, rest of Europe, and internationally.

Koh Brothers Eco Engineering

Market Cap: S$372.0m

An investment holding company, provides engineering, procurement, and construction services for infrastructure, water and wastewater treatment, building, biorefinery, and renewable energy projects.

Sunpower Group

Market Cap: S$406.6m

An investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People’s Republic of China.

Lum Chang Holdings

Market Cap: S$206.0m

Engages in the construction, project management, and property development and investment activities in Singapore and Malaysia.

JEP Holdings

Market Cap: S$295.3m

An investment holding company, engages in precision machining and engineering services in Singapore, the People’s Republic of China, Malaysia, the United States, and Canada, and internationally.

Boustead Singapore

Market Cap: S$1.1b

An investment holding company, provides energy engineering, real estate, geospatial, and healthcare technology solutions in Singapore, Australia, Malaysia, the United States, Europe, rest of Asia Pacific, North and South America, the Middle East, and Africa.

XMH Holdings

Market Cap: S$261.0m

An investment holding company, provides diesel engine, propulsion, and power generating solutions for customers in the marine and industrial sectors in Singapore, Indonesia, Malaysia, Vietnam, and internationally.

COSCO SHIPPING International (Singapore)

Market Cap: S$524.0m

An investment holding company, provides integrated logistics services in South and Southeast Asia.

Hour Glass

Market Cap: S$1.6b

An investment holding company, engages in the retailing and distribution of watches, jewelry, and other luxury products.

International Cement Group

Market Cap: S$424.4m

Engages in the production, sale, and distribution of cement, gypsum plasterboards, and related products in Singapore, Malaysia, Afghanistan, Tajikistan, Kazakhstan, and internationally.

QAF

Market Cap: S$569.5m

An investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally.

Singapore Post

Market Cap: S$731.7m

Engages in the post and parcel, eCommerce logistics, and property businesses in Singapore and internationally.

Credit Bureau Asia

Market Cap: S$284.7m

An investment holding company, provides credit and risk information solutions in Singapore, Malaysia, Cambodia, and Myanmar.

Samudera Shipping Line

Market Cap: S$527.3m

Owns and operates ocean-going ships in Southeast Asia, the Indian Sub-continent, the Far East, the Middle East, and internationally.

Azeus Systems Holdings

Market Cap: S$344.4m

An investment holding company, provides IT products and services in Hong Kong, rest of Asia, the United Kingdom, rest of Europe, Australia, New Zealand, North America, South America, the Middle East, and Africa.

Micro-Mechanics (Holdings)

Market Cap: S$452.8m

Designs, manufactures, and markets precision parts and tools for the wafer-fabrication, assembly, and testing processes of the semiconductor industry.

Chuan Hup Holdings

Market Cap: S$202.8m

An investment holding company, engages in property investment and development in Singapore, Australia, the United States, Europe, and internationally.

Global Resource Construction

Market Cap: S$386.0m

An investment holding company, engages in construction, and property development and investment activities.

Cortina Holdings

Market Cap: S$582.8m

An investment holding company, engages in the distribution and retailing of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and internationally.

Yeo Hiap Seng

Market Cap: S$382.6m

An investment holding company, engages in the manufacture, marketing, distribution, and sale of food and beverage products.

ISDN Holdings

Market Cap: S$328.7m

Provides motion control and industrial computing solutions in Singapore, China, Hong Kong, Malaysia, Indonesia, Vietnam, and internationally.

Aoxin Q & M Dental Group

Market Cap: S$318.2m

An investment holding company, provides private dental healthcare services in the People’s Republic of China and Singapore.

CNMC Goldmine Holdings

Market Cap: S$526.9m

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