Singaporean Potentially Undervalued Companies

Sin Heng Heavy Machinery

Market Cap: S$63.6m

Operates as a lifting service provider in Singapore, Indonesia, Malaysia, Myanmar, Taiwan, Japan, and internationally.

IHH Healthcare Berhad

Market Cap: S$60.6b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Lippo Malls Indonesia Retail Trust

Market Cap: S$100.1m

LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes.

BBR Holdings (S)

Market Cap: S$41.6m

An investment holding company, operates in the construction business in Singapore, Malaysia, and internationally.

Bukit Sembawang Estates

Market Cap: S$906.2m

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

King Wan

Market Cap: S$24.4m

An investment holding company, provides mechanical and electrical engineering services for the building and construction industry in Singapore.

Singapore Shipping

Market Cap: S$102.1m

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

Hor Kew

Market Cap: S$35.1m

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

Hyphens Pharma International

Market Cap: S$88.0m

Operates as a specialty pharmaceutical and consumer healthcare company primarily in Singapore, Vietnam, Malaysia, and internationally.

Chemical Industries (Far East)

Market Cap: S$34.9m

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

MSM International

Market Cap: S$3.1m

An integrated metal engineering company, engages in contract manufacturing, selling, trading, and servicing kitchen equipment products and various metal parts in Malaysia, Vietnam, Singapore, Indonesia, and internationally.

Yangzijiang Shipbuilding (Holdings)

Market Cap: CN¥8.7b

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$6.8m

Distributes refrigeration and air-conditioning systems and products for the heating, ventilation, air-conditioning, and refrigeration industry in Singapore, Malaysia, Indonesia, Hong Kong, Macau, People’s Republic of China, Vietnam, Thailand, Myanmar, Cambodia, the Philippines, Mauritius, Sri Lanka, Turkey, Australia, 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.

Koh Brothers Group

Market Cap: S$57.7m

An investment holding company, provides management services in Singapore, Malaysia, Indonesia, and internationally.

RH PetroGas

Market Cap: S$116.1m

An investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia.

Sinostar PEC Holdings

Market Cap: S$133.4m

An investment holding company, produces and supplies petrochemical products in the People’s Republic of China.

Baker Technology

Market Cap: S$116.7m

An investment holding company, engages in the provision of specialized marine offshore equipment and services for the oil and gas industry in the Asia Pacific, the Middle East, Africa, Europe, Singapore, Americas, and China.

Econ Healthcare (Asia)

Market Cap: S$91.7m

An investment holding company, engages in the operation of medicare centers and nursing homes for eldercare in Singapore, Malaysia, and China.

YKGI

Market Cap: S$41.7m

An investment holding company, operates food outlets in Singapore.

Far East Hospitality Trust

Market Cap: S$1.1b

Far East H-Trust is a Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”).

Ping An Insurance (Group) Company of China

Market Cap: S$866.9b

Ping An Insurance (Group) Company of China, Ltd.

Brook Crompton Holdings

Market Cap: S$18.8m

An investment holding company, distributes electric motors in the United Kingdom and Continental Europe, the Asia Pacific, and North America.

Zixin Group Holdings

Market Cap: S$44.5m

An investment holding company, engages in the research and development, cultivation, production, supply, and sale of sweet potato snack food products in the People’s Republic of China.

Del Monte Pacific

Market Cap: S$128.3m

An investment holding company, manufactures, processes, markets, and distributes food, beverages, and other related products in the Americas, the Asia Pacific, and Europe.

Tan Chong International

Market Cap: HK$2.0b

An investment holding company, provides vehicles and related spare parts in Singapore, Taiwan, the People’s Republic of China, Japan, Thailand, and internationally.

OKP Holdings

Market Cap: S$202.6m

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

Hock Lian Seng Holdings

Market Cap: S$194.4m

An investment holding company, primarily provides civil engineering services to public and private sectors in Singapore.

Audience Analytics

Market Cap: S$66.0m

Audience Analytics Limited creates content and brands in Singapore, Cambodia, China, Hong Kong, India, Indonesia, Macau, Malaysia, the Philippines, South Korea, Sri Lanka, Taiwan, Thailand, the United Arab Emirates, and Vietnam.

Asian Pay Television Trust

Market Cap: S$144.5m

Engages in the pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and 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.

Shangri-La Asia

Market Cap: HK$15.4b

An investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide.

ES Group (Holdings)

Market Cap: S$8.0m

An investment holding company, builds, converts, and repairs tugs, barges, rigs, offshore support vessels, oil tankers, and cargo ships in Singapore, Malaysia, Myanmar, and the People’s Republic of China.

Ossia International

Market Cap: S$28.5m

An investment holding company, distributes and retails lifestyle, outdoors, luggage, and accessories products in Taiwan.

Vibrant Group

Market Cap: S$52.4m

An investment holding company, engages in the integrated logistics, real estate, and financial services worldwide.