Singaporean Potentially Undervalued Companies

Addvalue Technologies

Market Cap: S$88.6m

An investment holding company, provides satellite-based communication and digital broadband products and solutions in Europe, the Middle East, and Africa, North America, and the Asia Pacific.

PC Partner Group

Market Cap: S$2.6b

An investment holding company, designs, develops, manufactures, and sells computer electronics.

PTT Exploration and Production

Market Cap: S$442.7b

Engages in the exploration, development, and production of petroleum in Thailand and internationally.

Hiap Tong

Market Cap: S$33.0m

Engages in the provision of hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia.

Advanced Info Service

Market Cap: S$889.3b

Operates as a telecommunications and technology company primarily in Thailand.

JEP Holdings

Market Cap: S$103.3m

An investment holding company, engages in machining and engineering services in Singapore, the People’s Republic of China, Malaysia, the United States, and Canada, and internationally.

Sheng Siong Group

Market Cap: S$3.1b

An investment holding company, operates a chain of supermarket retail stores in Singapore.

Choo Chiang Holdings

Market Cap: S$91.4m

An investment holding company, operates as a retailer and distributor of electrical products and accessories in Singapore.

TalkMed Group

Market Cap: S$605.3m

An investment holding company, provides medical oncology, stem cell transplants, palliative care, and other related services in Singapore, China, Hong Kong, Vietnam, New Zealand, Australia, and the United States.

Asia Vets Holdings

Market Cap: S$7.2m

Through its subsidiary, AVH Animal Ark Pte.

QAF

Market Cap: S$512.0m

An investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally.

Yanlord Land Group

Market Cap: S$1.4b

A real estate developer focusing on developing high-end fully-fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities in the PRC and Singapore.

Hour Glass

Market Cap: S$1.2b

An investment holding company, engages in the retailing and distribution of watches, jewellry, and other luxury products in Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam.

HSBC Holdings

Market Cap: S$165.1b

Engages in the provision of banking and financial products and services worldwide.

Suntec Real Estate Investment Trust

Market Cap: S$3.8b

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.

Yangzijiang Financial Holding

Market Cap: S$3.7b

An investment holding company, engages in the investment-related activities in the People's Republic of China and Singapore.

International Cement Group

Market Cap: S$229.4m

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

Frasers Logistics & Commercial Trust

Market Cap: S$3.4b

Frasers Logistics & Commercial Trust (“FLCT”) is a Singapore-listed real estate investment trust with a portfolio comprising 114 industrial and commercial properties, worth approximately S$6.8 billion, diversified across five major developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands.

Hosen Group

Market Cap: S$16.2m

An investment holding company, engages in the development, trading, and distribution of canned seafood products, canned fruits and vegetables, canned meat products, and chocolate products in Singapore, Malaysia, China, and internationally.

Tung Lok Restaurants (2000)

Market Cap: S$25.2m

Owns, operates, and manages restaurants in Singapore, Indonesia, Japan, Vietnam, and the Philippines.

Soup Holdings

Market Cap: S$20.4m

An investment holding company, operates restaurants.

Alliance Healthcare Group

Market Cap: S$27.2m

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

Valuetronics Holdings

Market Cap: S$312.6m

An investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Canada, Poland, Hong Kong, the Netherlands, Indonesia, France, Taiwan, South Korea, Germany, and internationally.

Rex International Holding

Market Cap: S$230.5m

An investment holding company, operates as an oil exploration and production company.

ValueMax Group

Market Cap: S$758.5m

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

MindChamps PreSchool

Market Cap: S$30.6m

Provides childcare services in Singapore and Australia.

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.

GRC

Market Cap: S$243.8m

An investment holding company, engages in construction, and property development and investment activities.

17LIVE Group

Market Cap: S$178.2m

Operates live streaming platform.

Goodwill Entertainment Holding

Market Cap: S$68.0m

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

Tencent Holdings

Market Cap: S$5.4t

An investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

Prime US REIT

Market Cap: US$228.9m

Prime US REIT (“PRIME”) (SGX: OXMU), listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust ("REIT") focused on stabilised income-producing office assets in the United States ("U.S.").