Singaporean Price disconnect

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$15.8b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

UOL Group

Market Cap: S$8.5b

Operates as a property and hospitality group in Singapore, Australia, the United Kingdom, Malaysia, the People’s Republic of China, Vietnam, Indonesia, Myanmar, and internationally.

Mapletree Pan Asia Commercial Trust

Market Cap: S$7.2b

A real estate investment trust positioned to be the proxy to key gateway markets of Asia.

SATS

Market Cap: S$5.4b

An investment holding company, provides gateway services and food solutions in Singapore, the Asia Pacific, the Americas, Europe, the Middle East, Africa, and internationally.

Frasers Property

Market Cap: S$4.0b

An investment holding company, develops, invests in, and manages a portfolio of real estate assets in Singapore, Australia, Europe, China, Thailand, and internationally.

Hutchison Port Holdings Trust

Market Cap: US$1.9b

Invests in, develops, operates, and manages deep-water container ports in Guangdong Province of the People’s Republic of China, Hong Kong, and Macau.

PropNex

Market Cap: S$1.3b

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

Sasseur Real Estate Investment Trust

Market Cap: S$815.7m

Invests in a portfolio of real estate and related assets.

HRnetGroup

Market Cap: S$737.0m

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.

VICOM

Market Cap: S$648.9m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Marco Polo Marine

Market Cap: S$621.2m

Operates as an integrated marine logistic company in Singapore, Indonesia, Taiwan, Thailand, Malaysia, and internationally.

Cortina Holdings

Market Cap: S$592.8m

An investment holding company, engages in the distribution and retailing of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and internationally.

PC Partner Group

Market Cap: S$589.6m

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

CNMC Goldmine Holdings

Market Cap: S$587.7m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Alpha Integrated Real Estate Investment Trust

Market Cap: S$534.4m

A Singapore-listed real estate investment trust.

Nanofilm Technologies International

Market Cap: S$505.7m

Provides nanotechnology solutions in Singapore, China, Japan, and Vietnam.

Sunpower Group

Market Cap: S$386.1m

An investment holding company, engages in the investment, development, and operation of centralized heat, steam, and electricity generation plants in the People’s Republic of China.

International Cement Group

Market Cap: S$349.8m

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

Azeus Systems Holdings

Market Cap: S$325.5m

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.

Lum Chang Creations

Market Cap: S$255.2m

Operates as an urban revitalization specialist that offers conservation and restoration works in Singapore and Malaysia.

JB Foods

Market Cap: S$228.7m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Hafary Holdings

Market Cap: S$204.5m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

Chuan Hup Holdings

Market Cap: S$203.7m

An investment holding company, engages in property investment and development in Singapore, Australia, the United States, Europe, and internationally.

HG Metal Manufacturing

Market Cap: S$160.7m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Nam Lee Pressed Metal Industries

Market Cap: S$157.3m

Engages in the design, fabrication, supply, and installation of steel and aluminum products in Singapore and Malaysia.

Kencana Agri

Market Cap: S$149.2m

Operates as a plantation company in Indonesia, Malaysia, and internationally.

Singapore Shipping

Market Cap: S$120.2m

An investment holding company, owns and manages ships in Singapore, Japan, and internationally.

TeleChoice International

Market Cap: S$95.4m

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.

Vibrant Group

Market Cap: S$93.1m

An investment holding company, engages in the integrated logistics business in Singapore, Malaysia, China, Rest of Asia, the United States, Oceania, Europe, the Middle East, and internationally.

Sim Leisure Group

Market Cap: S$75.2m

An investment holding company, develops and operates theme parks under the ESCAPE brand in Malaysia, Singapore, the United Arab Emirates, and Saudi Arabia.

Zixin Group Holdings

Market Cap: S$62.3m

An investment holding company, engages in the research and development, cultivation, production, supply, and sale of sweet potato snack food products in the People’s Republic of China.

TA

Market Cap: S$58.6m

An investment holding company, operates in the property and construction business in Singapore, Cambodia, Myanmar, and internationally.

HC Surgical Specialists

Market Cap: S$58.3m

An investment holding company, provides medical services primarily in Singapore.

Aedge Group

Market Cap: S$49.4m

Engages in engineering services, transport services, cleaning services, security and manpower services in Singapore.

Wong Fong Industries

Market Cap: S$43.5m

An investment holding company, provides land transport engineering solutions and systems in Singapore and internationally.

Medinex

Market Cap: S$30.3m

An investment holding company, provides professional support services to medical clinics in Singapore.