Singaporean Capital Goods Potentially Undervalued Companies

ISOTeam

Market Cap: S$62.7m

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

Soilbuild Construction Group

Market Cap: S$541.1m

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

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.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$12.8b

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

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.

Frencken Group

Market Cap: S$627.8m

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

Keong Hong Holdings

Market Cap: S$37.6m

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

Hafary Holdings

Market Cap: S$223.9m

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

Mooreast Holdings

Market Cap: S$35.7m

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

Eindec

Market Cap: S$3.4m

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.

Far East Group

Market Cap: S$14.2m

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

Yangzijiang Shipbuilding (Holdings)

Market Cap: CN¥13.5b

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

Hor Kew

Market Cap: S$65.6m

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

Ley Choon Group Holdings

Market Cap: S$115.9m

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

Seatrium

Market Cap: S$7.1b

Provides engineering solutions to the offshore, marine, and energy industries.

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.

OKP Holdings

Market Cap: S$310.0m

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$133.1m

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

Nordic Group

Market Cap: S$161.3m

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.

Jardine Cycle & Carriage

Market Cap: S$12.5b

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.

Lum Chang Holdings

Market Cap: S$168.6m

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.

Megachem

Market Cap: S$59.3m

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

Wong Fong Industries

Market Cap: S$44.7m

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

Lum Chang Creations

Market Cap: S$141.8m

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

Pan-United

Market Cap: S$740.5m

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

Grand Banks Yachts

Market Cap: S$143.7m

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

Jardine Matheson Holdings

Market Cap: US$18.6b

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.

Civmec

Market Cap: S$698.2m

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

Alpina Holdings

Market Cap: S$68.2m

Provides integrated building services, mechanical and electrical engineering services, and alteration and addition works to public and private sector projects in Singapore.

ISDN Holdings

Market Cap: S$183.6m

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

Nam Cheong

Market Cap: S$305.3m

An investment holding company, provides shipbuilding and vessel chartering.

Hoe Leong

Market Cap: S$30.3m

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

Sanli Environmental

Market Cap: S$89.1m

Operates as an environmental engineering company in the field of water and waste management in Singapore, Myanmar, Malaysia, and Thailand.