Singaporean Materials Potentially Undervalued Companies

CNMC Goldmine Holdings

Market Cap: S$587.7m

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

China Sunsine Chemical Holdings

Market Cap: S$638.8m

An investment holding company, manufactures and sells specialty chemicals in the People’s Republic of China, rest of Asia, America, Europe, and internationally.

PSC

Market Cap: S$231.8m

Supplies provisions and household consumer products in Singapore, China, Malaysia, and internationally.

Infinity Development Holdings

Market Cap: S$788.0m

An investment holding company, manufactures and sells adhesives, primers, hardeners, and other adhesive related products mainly used by footwear manufacturers.

AnnAik

Market Cap: S$21.9m

An investment holding company, manufactures and distributes stainless steel products in Singapore, Malaysia, the People’s Republic of China, Indonesia, Australia, China, New Zealand, and internationally.

EnGro

Market Cap: S$121.1m

An investment holding company, engages in the manufacture and sale of building materials and specialty polymers in Singapore, Malaysia, the People’s Republic of China, and internationally.

International Cement Group

Market Cap: S$349.8m

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

Siam Cement

Market Cap: S$256.8b

Operates in the cement and building materials, chemicals, and packaging businesses in Thailand and internationally.

NSL

Market Cap: S$336.2m

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.

Tat Seng Packaging Group

Market Cap: S$209.1m

Designs, manufactures, and sells corrugated paper products and other packaging products in Singapore and the People's Republic of China.

Avarga

Market Cap: S$239.8m

An investment holding company, manufactures and sells paper products in Canada, the United States, Malaysia, Singapore, Sri Lanka, and internationally.