Singaporean Capital Goods Potentially Undervalued Companies

ISOTeam

Market Cap: S$46.0m

Operates in the building maintenance and estate upgrading industry in Singapore.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$7.8b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

Jardine Matheson Holdings

Market Cap: US$11.5b

Through its subsidiaries, operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.

Wee Hur Holdings

Market Cap: S$427.4m

An investment holding company, engages in general building and civil engineering construction business in Singapore and Australia.

Keppel

Market Cap: S$10.7b

An investment holding company, engages in the infrastructure, real estate, and connectivity business.

Jardine Cycle & Carriage

Market Cap: S$9.6b

An investment holding company, engages in providing the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

Frencken Group

Market Cap: S$399.3m

An investment holding company, provides original design, original equipment, and diversified integrated manufacturing solutions worldwide.

Pan-United

Market Cap: S$436.2m

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

Keong Hong Holdings

Market Cap: S$21.2m

An investment holding company, engages in the building construction, and property and hotel development activities in Singapore and Maldives.

Hong Leong Asia

Market Cap: S$755.6m

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.

Shanghai Turbo Enterprises

Market Cap: S$335.7k

An investment holding company, engages in the production and sale of vane products in China, Korea, and Japan.

Yangzijiang Shipbuilding (Holdings)

Market Cap: CN¥7.8b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

BBR Holdings (S)

Market Cap: S$41.3m

An investment holding company, operates in the construction business in Singapore, Malaysia, and internationally.

Ley Choon Group Holdings

Market Cap: S$76.8m

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

Nam Cheong

Market Cap: S$204.0m

An investment holding company, provides shipbuilding and vessel chartering.

Hor Kew

Market Cap: S$32.0m

An investment holding company, provides various integrated range of construction-related products and services in Singapore.

King Wan

Market Cap: S$23.0m

An investment holding company, provides mechanical and electrical engineering services for the building and construction industry in Singapore.

Sin Heng Heavy Machinery

Market Cap: S$62.5m

Operates as a lifting service provider in Singapore, Indonesia, Malaysia, Myanmar, Taiwan, Japan, and internationally.

MSM International

Market Cap: S$3.1m

An integrated metal engineering company, engages in contract manufacturing, selling, trading, and servicing kitchen equipment products and various metal parts in Malaysia, Vietnam, Singapore, Indonesia, and internationally.

Far East Group

Market Cap: S$6.9m

Distributes refrigeration and air-conditioning systems and products for the heating, ventilation, air-conditioning, and refrigeration industry in Singapore, Malaysia, Indonesia, Hong Kong, Macau, People’s Republic of China, Vietnam, Thailand, Myanmar, Cambodia, the Philippines, Mauritius, Sri Lanka, Turkey, Australia, and internationally.

Raffles Infrastructure Holdings

Market Cap: S$2.4m

Raffles Infrastructure Holdings Limited, an investment holding company, invests in infrastructure projects in the People’s Republic of China, Singapore, and internationally.

TA

Market Cap: S$37.8m

TA Corporation Ltd, an investment holding company, operates in the property and construction business primarily in Singapore, Thailand, Cambodia, Malaysia, China, and Myanmar.

Koh Brothers Group

Market Cap: S$54.4m

An investment holding company, provides management services in Singapore, Malaysia, Indonesia, and internationally.

ES Group (Holdings)

Market Cap: S$5.4m

An investment holding company, builds, converts, and repairs tugs, barges, rigs, offshore support vessels, oil tankers, and cargo ships in Singapore, Malaysia, Myanmar, and the People’s Republic of China.

Hock Lian Seng Holdings

Market Cap: S$194.6m

An investment holding company, primarily provides civil engineering services to public and private sectors in Singapore.

OKP Holdings

Market Cap: S$190.3m

Operates as a transport infrastructure and civil engineering company in Singapore and Australia.

Brook Crompton Holdings

Market Cap: S$17.9m

An investment holding company, distributes electric motors in the United Kingdom and Continental Europe, the Asia Pacific, and North America.

Hiap Tong

Market Cap: S$27.6m

Provides hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia.

Ocean Sky International

Market Cap: S$10.8m

An investment holding company, engages in building and civil engineering, construction, and related services businesses in Singapore, Cambodia, and Australia.

VibroPower

Market Cap: S$1.3m

An investment holding company, design, manufacture, installation, commissioning, servicing, and supply of power generators primarily for commercial and industrial, and housing projects in Singapore and rest of Asia.

Megachem

Market Cap: S$52.0m

An investment holding company, trades in chemicals and chemical-related products in Singapore, Malaysia, United Kingdom, China, the Middle East, and internationally.

Wong Fong Industries

Market Cap: S$36.4m

An investment holding company, provides land transport engineering solutions and systems in Singapore, Malaysia, and Myanmar.

Huationg Global

Market Cap: S$35.4m

An investment holding company, provides civil engineering services for infrastructure projects primarily in Singapore.

Spindex Industries

Market Cap: S$100.9m

Engages in the manufacture, import, export, and trade of mechanical, electrical, electronic, and precision machine parts.

Anchun International Holdings

Market Cap: S$15.2m

An investment holding company, provides integrated chemical systems engineering and technology solutions for petrochemical and chemical industries in the People’s Republic of China.

Soilbuild Construction Group

Market Cap: S$137.3m

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