Singaporean Materials Potentially Undervalued Companies

CNMC Goldmine Holdings

Market Cap: S$162.1m

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

China Sunsine Chemical Holdings

Market Cap: S$519.6m

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

Halcyon Agri

Market Cap: S$654.0m

Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products in Singapore, China, the United States, Canada, Europe, rest of Asia, and internationally.

PSC

Market Cap: S$193.6m

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

Chemical Industries (Far East)

Market Cap: S$38.0m

An investment holding company, manufactures and sells chemicals in Singapore and Myanmar.

Tat Seng Packaging Group

Market Cap: S$128.9m

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

International Cement Group

Market Cap: S$103.2m

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

Avarga

Market Cap: S$213.5m

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

Lion Asiapac

Market Cap: S$15.8m

An investment holding company, engages in lime manufacturing, and steel trading activities in Malaysia, Singapore, China, and internationally.

Keppel Infrastructure Trust

Market Cap: S$2.4b

A listed business trust.