Singaporean Capital Goods Potentially Undervalued Companies

Frencken Group

Market Cap: S$606.5m

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

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$13.1b

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

BRC Asia

Market Cap: S$1.2b

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

Jardine Cycle & Carriage

Market Cap: S$11.4b

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.

Keong Hong Holdings

Market Cap: S$58.8m

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

Mooreast Holdings

Market Cap: S$37.6m

Provides total mooring solutions in Singapore, Europe, the Asia Pacific, the Middle East, Oceania, South America, and internationally.

Hafary Holdings

Market Cap: S$230.3m

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

ISOTeam

Market Cap: S$59.4m

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

Civmec

Market Cap: S$709.4m

An investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia.

Tritech Group

Market Cap: S$14.1m

An investment holding company, engages in the engineering, and water-related and environmental businesses in Singapore.

Hong Leong Asia

Market Cap: S$1.8b

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.

Yangzijiang Shipbuilding (Holdings)

Market Cap: CN¥11.3b

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

Far East Group

Market Cap: S$8.2m

Distributes refrigeration and air-conditioning systems and products for the heating, ventilation, air-conditioning, and refrigeration industry.

Hor Kew

Market Cap: S$66.1m

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

Nam Cheong

Market Cap: S$287.2m

An investment holding company, provides shipbuilding and vessel chartering.

Eindec

Market Cap: S$3.2m

An investment holding company, manufactures and distributes clean air environmental technology solutions in Singapore, the People's Republic of China, Malaysia, Hong Kong, Indonesia, the Philippines, India, and internationally.

GP Industries

Market Cap: S$247.5m

An investment holding company, develops, manufactures, and markets batteries and related products in 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.

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.

Hoe Leong

Market Cap: S$15.1m

An investment holding company, designs, manufactures, and distributes heavy equipment parts in Australia, North America, Asia, Europe, the Middle East, and internationally.

Nam Lee Pressed Metal Industries

Market Cap: S$123.4m

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

Nordic Group

Market Cap: S$165.3m

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.

OKP Holdings

Market Cap: S$353.0m

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

Lum Chang Holdings

Market Cap: S$163.0m

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

Hiap Tong

Market Cap: S$30.1m

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

Boustead Singapore

Market Cap: S$850.5m

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.

Wong Fong Industries

Market Cap: S$43.9m

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

Megachem

Market Cap: S$61.3m

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

Lum Chang Creations

Market Cap: S$144.9m

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

TEHO International

Market Cap: S$7.8m

An investment holding company, provides marine and offshore solutions in Singapore, Europe, Southeast Asia, the United States, East Asia, the Middle East, and internationally.

Soilbuild Construction Group

Market Cap: S$456.7m

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

Miyoshi

Market Cap: S$9.3m

Designs and manufactures mould and precision pressed parts, and trades in related products.

Grand Banks Yachts

Market Cap: S$127.8m

Manufactures and sells luxury recreational motor yachts in the United States, Australia, Europe, and Asia.

ISDN Holdings

Market Cap: S$185.9m

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

Jardine Matheson Holdings

Market Cap: US$18.1b

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.

Lincotrade & Associates Holdings

Market Cap: S$18.2m

Provides interior fitting-out, addition, and alteration works in Singapore, Malaysia, and the People’s Republic of China.