Singaporean Capital Goods Undiscovered Gems With Strong Fundamentals

HG Metal Manufacturing

Market Cap: S$137.4m

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

ASL Marine Holdings

Market Cap: S$205.8m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Tai Sin Electric

Market Cap: S$283.1m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Penguin International

Market Cap: S$277.4m

An investment holding company, designs, builds, owns, and operates high-speed aluminum crafts in Singapore, East Asia, Africa, Europe, the Middle East, rest of Southeast Asia, and internationally.

Nam Cheong

Market Cap: S$275.3m

An investment holding company, provides shipbuilding and vessel chartering.

OKP Holdings

Market Cap: S$313.1m

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$134.3m

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

Nordic Group

Market Cap: S$157.3m

Provides solutions in the areas of system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom, air and water engineering, and engineering and construction services.

XMH Holdings

Market Cap: S$174.3m

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.

Lum Chang Holdings

Market Cap: S$170.5m

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

Boustead Singapore

Market Cap: S$868.1m

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.

ISDN Holdings

Market Cap: S$181.4m

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

Grand Venture Technology

Market Cap: S$318.9m

Offers precision manufacturing solutions for the semiconductor, life sciences, electronics, aerospace, and medical industries in Singapore, Malaysia, the United States, China, and internationally.

Lum Chang Creations

Market Cap: S$155.9m

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

Hong Leong Asia

Market Cap: S$1.7b

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.

Oiltek International

Market Cap: S$362.5m

An investment holding company, engages in the supply and provision of engineering design and commissioning of oil extraction equipment and plant in Asia, the United States, and Africa.

BRC Asia

Market Cap: S$1.1b

Engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally.

Pan-United

Market Cap: S$824.4m

An investment holding company, engages in the concrete and logistics businesses in Singapore and internationally.

Soilbuild Construction Group

Market Cap: S$570.9m

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