Singaporean Potentially Undervalued Companies

HSBC Holdings

Market Cap: S$151.3b

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

Megachem

Market Cap: S$58.7m

An investment holding company, trades in chemicals and chemical-related products in Singapore, Malaysia, the United Kingdom, China, the Middle East, and internationally.

Overseas Education

Market Cap: S$81.4m

An investment holding company, operates a foreign system school in Singapore.

PropNex

Market Cap: S$747.4m

An investment holding company, provides real estate services in Singapore.

Frasers Logistics & Commercial Trust

Market Cap: S$3.0b

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.

Singapore Post

Market Cap: S$1.2b

Engages in post and parcel, eCommerce logistics, and property businesses in Singapore, Japan, Europe, New Zealand, Hong Kong, Australia, and internationally.

Yangzijiang Financial Holding

Market Cap: S$2.5b

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

CapitaLand Integrated Commercial Trust

Market Cap: S$15.2b

CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.1 billion as at 31 December 2024.

Sabana Industrial Real Estate Investment Trust

Market Cap: S$421.9m

Sabana Industrial REIT was listed on the SGX-ST on 26 November 2010.

ICP

Market Cap: S$30.1m

An investment holding company, engages in the hospitality, and vessel ownership and chartering activities in Singapore, Japan, Korea, Malaysia, Thailand, Hong Kong, and internationally.

HRnetGroup

Market Cap: S$660.8m

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.

Prime US REIT

Market Cap: US$174.0m

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

Stamford Land

Market Cap: S$556.4m

An investment holding company, owns, operates, and manages hotels in Singapore, Australia, and the United Kingdom.

Pan-United

Market Cap: S$513.0m

An investment holding company, engages in the concrete and logistics businesses in Singapore and internationally.

17LIVE Group

Market Cap: S$165.0m

Operates live streaming platform.

Tencent Holdings

Market Cap: S$4.6t

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

Fuxing China Group

Market Cap: S$3.1m

An investment holding company, engages in production and sale of zipper products in the People’s Republic of China and Hong Kong.

APAC Realty

Market Cap: S$155.4m

An investment holding company, provides real estate services in Singapore, Indonesia, Vietnam, and internationally.

Livingstone Health Holdings

Market Cap: S$14.1m

An investment holding company, provides medical treatment and consultancy services in Singapore.