Singaporean Low Leverage High Rewards

Mapletree Industrial Trust

Market Cap: S$5.5b

A real estate investment trust (REIT) listed on the Main Board of Singapore Exchange.

Jardine Matheson Holdings

Market Cap: US$20.9b

Operates in motor vehicles and related operations, property investment and development, health and beauty, home furnishings, engineering and construction, and transport businesses in Indonesia, Hong Kong, Macau, Other Southeast Asia, Vietnam, Mainland China, and Rest of the world.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$15.4b

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

AIMS APAC REIT

Market Cap: S$1.3b

A real estate investment trust listed on the Mainboard of the SGX-ST since 2007.

Singapore Airlines

Market Cap: S$19.7b

Together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, Europe, South West Pacific, the Americas, West Asia and Africa, and internationally.

Singapore Exchange

Market Cap: S$22.4b

An investment holding, engages in the operation of integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore.

Choo Chiang Holdings

Market Cap: S$97.7m

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

Samudera Shipping Line

Market Cap: S$554.2m

Owns and operates ocean-going ships in Southeast Asia, the Indian Sub-continent, the Far East, the Middle East, and internationally.

Bumitama Agri

Market Cap: S$3.2b

An investment holding company, engages in the production and trading of crude palm oil (CPO) and palm kernel (PK) in Indonesia.

Sasseur Real Estate Investment Trust

Market Cap: S$847.4m

Invests in a portfolio of real estate and related assets.

Centurion

Market Cap: S$1.4b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Hongkong Land Holdings

Market Cap: US$18.0b

Engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally.

CNMC Goldmine Holdings

Market Cap: S$567.4m

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

VICOM

Market Cap: S$631.1m

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

Singapura Finance

Market Cap: S$127.7m

Provides finance services in Singapore.

China Aviation Oil (Singapore)

Market Cap: S$1.7b

Trades in and supplies jet fuel to civil aviation industry worldwide.

Indofood Agri Resources

Market Cap: S$579.3m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Singapore Shipping

Market Cap: S$122.2m

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

Fraser and Neave

Market Cap: S$2.1b

Engages in the food and beverage, and publishing and printing businesses in Singapore, Malaysia, Thailand, Vietnam, and internationally.

BRC Asia

Market Cap: S$1.3b

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

LHT Holdings

Market Cap: S$50.8m

Manufactures and trades wooden pallets and timber-related products in Singapore, Malaysia, and internationally.

SUTL Enterprise

Market Cap: S$86.1m

An investment holding company, develops, operates, and consults integrated marinas in Singapore and Malaysia.

Audience Analytics

Market Cap: S$61.7m

Audience Analytics Limited creates content and brands in Singapore, Cambodia, China, Hong Kong, India, Indonesia, Macau, Malaysia, the Philippines, South Korea, Sri Lanka, Taiwan, Thailand, the United Arab Emirates, and Vietnam.

YKGI

Market Cap: S$59.6m

An investment holding company, operates food outlets in Singapore.

Nam Lee Pressed Metal Industries

Market Cap: S$177.9m

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

OKP Holdings

Market Cap: S$443.2m

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

Nordic Group

Market Cap: S$234.8m

Provides solutions in the areas of system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom, air and water engineering, and engineering and construction services.

HC Surgical Specialists

Market Cap: S$57.5m

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

Lum Chang Holdings

Market Cap: S$221.0m

Engages in the construction, project management, and property development and investment activities in Singapore and Malaysia.

XMH Holdings

Market Cap: S$246.7m

An investment holding company, provides diesel engine, propulsion, and power generating solutions for customers in the marine and industrial sectors in Singapore, Indonesia, Malaysia, Vietnam, and internationally.

EnGro

Market Cap: S$124.6m

An investment holding company, engages in the manufacture and sale of building materials and specialty polymers in Singapore, Malaysia, the People’s Republic of China, and internationally.

China Sunsine Chemical Holdings

Market Cap: S$624.5m

An investment holding company, manufactures and sells specialty chemicals in the People’s Republic of China, rest of Asia, America, Europe, and internationally.

Great Eastern Holdings

Market Cap: S$14.9b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Jardine Cycle & Carriage

Market Cap: S$13.1b

An investment holding company, provides the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

Sheng Siong Group

Market Cap: S$4.5b

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

Lendlease Global Commercial REIT

Market Cap: S$1.9b

Lendlease Global Commercial REIT was listed on 2 October 2019.