Singaporean Potentially Undervalued Companies

EC World Real Estate Investment Trust

Market Cap: S$226.8m

Listed on 28 July 2016, EC World REIT is the first Chinese specialised logistics and e-commerce logistics REIT listed on Singapore Exchange Securities Trading Limited ("SGX-ST").

Anchun International Holdings

Market Cap: S$15.9m

An investment holding company, provides integrated chemical systems engineering and technology solutions for petrochemical and chemical industries in the People’s Republic of China.

TEHO International

Market Cap: S$8.5m

An investment holding company, provides marine and offshore solutions in Singapore, Europe, Southeast Asia, the United States, East Asia, the Middle East, and internationally.

Goodwill Entertainment Holding

Market Cap: S$60.0m

An investment holding company, operates multi-entertainment venues primarily in Singapore.

IPS Securex Holdings

Market Cap: S$5.3m

Through its subsidiaries, provides security products and integrated security solutions to commercial entities, and government bodies and agencies.

Renaissance United

Market Cap: S$6.2m

An investment holding company, engages in gas distribution in Singapore, the People’s Republic of China, the United States of America, Taiwan, Europe, and internationally.

Tung Lok Restaurants (2000)

Market Cap: S$24.7m

An investment holding company, owns, operates, manages, and licenses/franchises restaurants in Singapore, Indonesia, Japan, Vietnam, and the Philippines.

Karin Technology Holdings

Market Cap: S$60.6m

An investment holding company, distributes electronic components, provides computer data storage management solutions and services, and distributes and retails consumer electronics products in Hong Kong, Mainland China, and internationally.

Soilbuild Construction Group

Market Cap: S$135.7m

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

Multi-Chem

Market Cap: S$281.1m

An investment holding company, distributes information technology (IT) products in Singapore, Australia, India, Vietnam, and internationally.

Valuetronics Holdings

Market Cap: S$259.6m

An investment holding company, provides integrated electronics manufacturing services (EMS).

Straco

Market Cap: S$367.9m

Develops and operates tourism-related businesses in Singapore and China.

ValueMax Group

Market Cap: S$461.8m

An investment holding company, engages in the pawnbroking, moneylending, jewelry and watches retailing, and gold trading businesses primarily in Singapore.

Miyoshi

Market Cap: S$4.6m

Designs and manufactures mould and precision pressed parts, and trades in related products.

Parkson Retail Asia

Market Cap: S$46.5m

An investment holding company, operates and manages retail department stores in Malaysia, Vietnam, Myanmar, and Cambodia.

Alliance Healthcare Group

Market Cap: S$21.1m

An investment holding company, provides corporate health solutions in Singapore.

TSH

Market Cap: S$2.8m

An investment holding company, operates a chain of pubs and bars in Singapore.

Secura Group

Market Cap: S$20.8m

An investment company, provides an integrated suite of security products, services, and solutions in Singapore, Taiwan, and Bangladesh.

Spindex Industries

Market Cap: S$100.4m

Engages in the manufacture, import, export, and trade of mechanical, electrical, electronic, and precision machine parts.

Singapore O&G

Market Cap: S$133.7m

Singapore O&G Ltd., an investment holding company, provides specialist medical and surgical services for women and children in Singapore.

Prudential

Market Cap: US$20.9b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

ISDN Holdings

Market Cap: S$141.3m

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

Thomson Medical Group

Market Cap: S$1.1b

An investment holding company, provides healthcare services for women and children in Singapore and Malaysia.

Stamford Tyres

Market Cap: S$47.5m

An investment holding company, engages in the wholesale and retail of tires and wheels in Southeast Asia, North Asia, Africa, and internationally.

VICOM

Market Cap: S$478.7m

An investment holding company, provides inspection and technical testing services.

Hutchison Port Holdings Trust

Market Cap: S$1.3b

Invests in, develops, operates, and manages deep-water container ports in Guangdong Province of the People’s Republic of China, Hong Kong, and Macau.

Mapletree Industrial Trust

Market Cap: S$5.8b

A real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange.

Accrelist

Market Cap: S$11.8m

An investment holding company, provides aesthetic medical services.

CH Offshore

Market Cap: S$21.9m

An investment holding company, owns and charters vessels in Singapore, Malaysia, Indonesia, Mexico, Africa, India, and internationally.

TSH Resources Berhad

Market Cap: S$1.4b

An investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally.

HL Global Enterprises

Market Cap: S$23.9m

An investment holding company, engages in the hospitality and restaurant, and property development businesses in Singapore, Malaysia, and the People’s Republic of China.

Union Gas Holdings

Market Cap: S$95.3m

An investment holding company, provides fuel products in Singapore and Indonesia.

Uni-Asia Group

Market Cap: S$61.7m

Operates as an alternative investment company in Japan, Asia, and internationally.

Singapore Paincare Holdings

Market Cap: S$18.1m

An investment holding company, operates medical clinics in Singapore.

CP ALL

Market Cap: S$462.6b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

CapitaLand Ascendas REIT

Market Cap: S$11.7b

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