Singaporean Capital Goods Undervalued over 20% based on DCF

Seatrium

Market Cap: S$6.8b

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

BRC Asia

Market Cap: S$1.1b

Engages in the prefabrication of steel reinforcement for use in concrete in Singapore, Australia, Brunei, Hong Kong, Indonesia, Malaysia, Thailand, India, and internationally.

Pan-United

Market Cap: S$1.1b

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

Soilbuild Construction Group

Market Cap: S$430.2m

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

OKP Holdings

Market Cap: S$413.6m

Together with its subsidiary, operates as a transport infrastructure and civil engineering company in Singapore and Australia.

ISDN Holdings

Market Cap: S$294.7m

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

SHS Holdings

Market Cap: S$73.2m

An investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, Indonesia, the People’s Republic of China, Australia, and New Zealand.

BBR Holdings (S)

Market Cap: S$72.5m

An investment holding company, engages in construction business in Singapore and Malaysia.

BH Global

Market Cap: S$27.6m

An investment holding company, provides a suite of technological solutions in Singapore and internationally.

Ocean Sky International

Market Cap: S$15.5m

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