Singaporean Low Leverage High Rewards

Bumitama Agri

Market Cap: S$2.3b

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

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$13.3b

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

Singapore Airlines

Market Cap: S$19.9b

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.

Lum Chang Holdings

Market Cap: S$185.4m

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

Singapore Exchange

Market Cap: S$18.1b

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$93.4m

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

Samudera Shipping Line

Market Cap: S$538.0m

Engages in the transportation of containerized and non-containerized cargo to various ports in Southeast Asia, the Indian Sub-continent, the Far East, and the Middle East, and internationally.

Multi-Chem

Market Cap: S$302.7m

An investment holding company, distributes information technology (IT) products in Singapore, Australia, India, Vietnam, and internationally.

Hong Leong Asia

Market Cap: S$1.7b

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.

Indofood Agri Resources

Market Cap: S$516.5m

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

Sasseur Real Estate Investment Trust

Market Cap: S$853.8m

Invests in a portfolio of real estate and related assets.

Centurion

Market Cap: S$1.1b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Jardine Matheson Holdings

Market Cap: US$19.9b

Operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally.

Sing Investments & Finance

Market Cap: S$375.9m

Provides f financial products and services to individuals and corporations in Singapore.

China Aviation Oil (Singapore)

Market Cap: S$1.3b

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

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$2.2b

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

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.

UOL Group

Market Cap: S$7.3b

UOL Group Limited (UOL) is a leading Singapore-listed property and hospitality group with total assets of about $23 billion.

LHT Holdings

Market Cap: S$47.1m

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

Sin Heng Heavy Machinery

Market Cap: S$74.5m

Operates as a lifting service provider in Singapore, Indonesia, Malaysia, Myanmar, Taiwan, Japan, and internationally.

Nam Lee Pressed Metal Industries

Market Cap: S$153.7m

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

Nordic Group

Market Cap: S$175.2m

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.

Far East Hospitality Trust

Market Cap: S$1.2b

Far East H-Trust is a Singapore-Focused Hotel and Serviced Residence Hospitality Trust listed on the Main Board of The Singapore Exchange Securities Trading Limited (“SGX-ST”).

SUTL Enterprise

Market Cap: S$75.8m

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

Audience Analytics

Market Cap: S$55.2m

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.

XMH Holdings

Market Cap: S$171.0m

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.

China Sunsine Chemical Holdings

Market Cap: S$743.6m

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

HC Surgical Specialists

Market Cap: S$53.7m

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

Medinex

Market Cap: S$31.7m

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

Sheng Siong Group

Market Cap: S$3.9b

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

Great Eastern Holdings

Market Cap: S$7.7b

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, engages in providing the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

Raffles Medical Group

Market Cap: S$1.9b

Provides integrated private healthcare services primarily in Singapore, Greater China, Vietnam, Cambodia, and Japan.

Yangzijiang Financial Holding

Market Cap: S$1.5b

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

QAF

Market Cap: S$509.1m

An investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally.