Singaporean Potentially Undervalued Companies

Kimly

Market Cap: S$447.9m

An investment holding company, operates coffee shops in Singapore.

Low Keng Huat (Singapore)

Market Cap: S$399.0m

An investment holding company, engages in property development, hotel, and investment business in Singapore, Australia, and Malaysia.

SIIC Environment Holdings

Market Cap: S$448.2m

An investment holding company, engages in the wastewater treatment, water supply, sludge treatment, solid waste incineration, and other environment related businesses primarily in the People's Republic of China.

GKE

Market Cap: S$75.5m

An investment holding company, provides warehousing and logistic services in Singapore and the People’s Republic of China.

OUE

Market Cap: S$874.1m

Operates as a real estate development, investment, and management company in Singapore, the People’s Republic of China, Japan, and Indonesia.

Wilmar International

Market Cap: S$18.4b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Sheffield Green

Market Cap: S$32.0m

Provides human resource services for engineering, procurement, construction, and installation works in the renewable energy industry comprising onshore wind, offshore wind, solar, and green hydrogen in Singapore, Taiwan, Poland, and Japan.

Beng Kuang Marine

Market Cap: S$60.1m

An investment holding company, provides infrastructure engineering and corrosion prevention services in Singapore, Asia, Europe, the Middle East, and internationally.

Tat Seng Packaging Group

Market Cap: S$140.7m

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

Dezign Format Group

Market Cap: S$64.0m

Engages in the events, exhibitions, and décor services to customers in the meetings, incentives, conferences, and exhibitions (MICE) industry.

Japan Foods Holding

Market Cap: S$31.6m

Operates a chain of Japanese restaurants in Singapore.

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").

TSH

Market Cap: S$5.5m

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

Soilbuild Construction Group

Market Cap: S$387.2m

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

Keppel Infrastructure Trust

Market Cap: S$2.7b

A listed business trust.

ProsperCap

Market Cap: S$144.5m

An investment holding company, engages in the investment and management of real estate properties in England and Scotland.

Multi-Chem

Market Cap: S$311.7m

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

Parkson Retail Asia

Market Cap: S$113.2m

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

Info-Tech Systems

Market Cap: S$222.6m

Designs and develops cloud human resource management (HRMS) and accounting software.

Straco

Market Cap: S$337.8m

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

HRnetGroup

Market Cap: S$680.5m

An investment holding company, engages in the recruitment and staffing business in Singapore, Hong Kong, Taiwan, the People’s Republic of China, Japan, South Korea, Malaysia, Thailand, and Indonesia.

TeleChoice International

Market Cap: S$77.2m

An investment holding company, provides various info-communications services and solutions for the consumer and enterprise markets in Singapore, Indonesia, Malaysia, the Philippines, Hong Kong, and internationally.

Azeus Systems Holdings

Market Cap: S$468.0m

An investment holding company, provides IT products and services in Hong Kong, rest of Asia, the United Kingdom, rest of Europe, Australia, New Zealand, North America, South America, the Middle East, and Africa.

Samudera Shipping Line

Market Cap: S$543.4m

Engages in the transportation of containerized and non-containerized cargo to various ports in Southeast Asia, the Indian Sub-continent, the Far East, and the Middle East, and internationally.

IPS Securex Holdings

Market Cap: S$6.3m

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

Fuxing China Group

Market Cap: S$4.9m

An investment holding company, engages in the production and sale of zipper products in Mainland China and Hong Kong.

Miyoshi

Market Cap: S$5.8m

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

Duty Free International

Market Cap: S$95.9m

An investment holding company, operates as a duty-free retailer under the Zon brand in Malaysia.

Soup Holdings

Market Cap: S$20.4m

An investment holding company, operates restaurants.

Secura Group

Market Cap: S$28.0m

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

Tye Soon

Market Cap: S$26.6m

Imports, exports, and distributes automotive spare parts in Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong/China, South Korea, and internationally.

CDL Hospitality Trusts

Market Cap: S$1.0b

CDL Hospitality Trusts (“CDLHT”) is one of Asia’s leading hospitality trusts with assets under management of about S$3.5 billion as at 31 December 2024.

BYD

Market Cap: S$1.1t

Engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

ISDN Holdings

Market Cap: S$172.3m

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

Jardine Matheson Holdings

Market Cap: US$17.4b

Operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.

Hong Leong Asia

Market Cap: S$1.9b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.