Singaporean Potentially Undervalued Companies

Hor Kew

Market Cap: S$61.4m

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

Captii

Market Cap: S$6.9m

An investment holding company, operates in the technology and telecommunication businesses in Southeast Asia, South Asia, the Middle East, Africa, China, North America, and internationally.

Oversea-Chinese Banking

Market Cap: S$75.3b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

GP Industries

Market Cap: S$237.8m

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

Trans-China Automotive Holdings

Market Cap: S$22.4m

Operates as an automotive dealership company in the People’s Republic of China.

China Medical System Holdings

Market Cap: S$31.4b

An investment holding company, manufactures, sells, markets, and promotes pharmaceutical products in the People’s Republic of China.

Nam Cheong

Market Cap: S$281.2m

An investment holding company, provides shipbuilding and vessel chartering.

Eindec

Market Cap: S$4.1m

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.

First Ship Lease Trust

Market Cap: S$69.0m

A business trust, owns a fleet of product tankers in Europe.

Singapore Shipping

Market Cap: S$116.2m

An investment holding company, owns and manages ships in Singapore, Japan, and internationally.

Ho Bee Land

Market Cap: S$1.4b

A real estate company founded in 1987.

A-Sonic Aerospace

Market Cap: S$33.8m

An investment holding company, engages in the aviation and logistics businesses in Asia, North America, Europe, and Sub-Continent India.

KOP

Market Cap: S$47.6m

An investment holding company, operates as a real estate development company in Singapore, Indonesia, and the United Kingdom.

JD.com

Market Cap: S$43.7b

Operates as a supply chain-based technology and service provider in the People’s Republic of China.

NSL

Market Cap: S$336.2m

An investment holding company, engages in the manufacture and sale of building materials in Singapore, Malaysia, the United Arab Emirates, Finland, Norway, Germany, and internationally.

Bukit Sembawang Estates

Market Cap: S$1.1b

An investment holding company, engages in the property development, investments, and other property related activities in Singapore.

CapitaLand Ascendas REIT

Market Cap: S$12.4b

CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust.

Far East Group

Market Cap: S$10.4m

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

BHG Retail REIT

Market Cap: S$223.4m

BHG Retail REIT is the first pure-play China Retail REIT sponsored by a leading China integrated retail group.

Chemical Industries (Far East)

Market Cap: S$41.8m

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

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.

CFM Holdings

Market Cap: S$10.5m

An investment holding company, designs, fabricates, and sells tools-and-dies used for the manufacture of stamped metal components.

Nam Lee Pressed Metal Industries

Market Cap: S$115.0m

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

Marco Polo Marine

Market Cap: S$270.3m

Operates as an integrated marine logistic company in Singapore, Indonesia, Taiwan, Thailand, Malaysia, and internationally.

Meituan

Market Cap: S$621.5b

Operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally.

Thai Beverage

Market Cap: S$11.7b

Produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally.

Genting Singapore

Market Cap: S$8.8b

An investment holding company, primarily engages in the development, management, and operation of integrated resort destinations in Asia.

Pharmesis International

Market Cap: S$14.4m

An investment holding company, research, develops, produces, packages, sells, and markets western medicines and traditional Chinese medicine (TCM) formulated products for hospitals and medical institutions in the People’s Republic of China.

SUTL Enterprise

Market Cap: S$70.9m

An investment holding company, develops and operates integrated marinas in Singapore and Malaysia.

Nordic Group

Market Cap: S$159.3m

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$307.0m

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

NTT DC REIT

Market Cap: US$973.5m

Primarily invests in data center assets owned and operated by NTT DATA.

YKGI

Market Cap: S$51.2m

An investment holding company, operates food outlets in Singapore.

Quantum Healthcare

Market Cap: S$8.0m

Engages in the design, assembly, and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases in Singapore.

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.