Singaporean Capital Goods Undervalued over 20% based on DCF

Seatrium

Market Cap: S$8.3b

Provides engineering solutions to the offshore, marine, and energy industries.

Hong Leong Asia

Market Cap: S$2.2b

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.

Pan-United

Market Cap: S$1.2b

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

Soilbuild Construction Group

Market Cap: S$642.0m

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

Ever Glory United Holdings

Market Cap: S$297.6m

An investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore.

GP Industries

Market Cap: S$254.7m

An investment holding company, develops, manufactures, and markets batteries and related products in Singapore and internationally.

Ley Choon Group Holdings

Market Cap: S$146.1m

An investment holding company, provides underground utilities infrastructure construction services in Singapore and Sri Lanka.

BH Global

Market Cap: S$32.1m

An investment holding company, provides a suite of solutions in electrical and technical supply, cyber security, green LED lighting, infrared thermal sensing technology, and integration engineering fields in Singapore and internationally.

Ocean Sky International

Market Cap: S$17.2m

An investment holding company, provides building and civil engineering, construction, and related services in Singapore, Cambodia, and Australia.