Malaysian Capital Goods Potentially Undervalued Small Caps

MGB Berhad

Market Cap: RM 260.3m

An investment holding company, engages in construction and property development activities in Malaysia.

Pintaras Jaya Berhad

Market Cap: RM 225.6m

An investment holding company, engages in undertaking of piling contracts, civil engineering, and building construction works in Malaysia and Singapore.

HE Group Berhad

Market Cap: RM 134.2m

Through its subsidiary, Hexatech Engineering Sdn.

HSS Engineers Berhad

Market Cap: RM 211.0m

An investment holding company, provides engineering and project management primarily in Malaysia, the Middle East, Cambodia, the Philippines, India, and Indonesia.

Flexidynamic Holdings Berhad

Market Cap: RM 39.0m

An investment holding company, engages in the design, engineering, installation, commissioning, and maintenance of glove chlorination systems in Malaysia, Thailand, Vietnam, Indonesia, Sri Lanka, and the United States.

SCC Holdings Berhad

Market Cap: RM 33.9m

An investment holding company, engages in the distribution, marketing, and sale of food service equipment and animal health products in Malaysia.

Eversendai Corporation Berhad

Market Cap: RM 226.6m

Provides construction services in the Middle East, India, Southeast Asia, and internationally.

EPB Group Berhad

Market Cap: RM 122.8m

Engages in the design, customization, fabrication, integration, automation, distribution, production of food processing and packaging machinery, and medical services and healthcare equipment in Malaysia and internationally.

Protasco Berhad

Market Cap: RM 103.6m

An investment holding company, provides infrastructure solutions in Malaysia.

Advance Synergy Berhad

Market Cap: RM 177.0m

An investment holding company, operates in the property development and investment services in Malaysia, Singapore, Africa, the Middle East, Europe, and internationally.

Gadang Holdings Berhad

Market Cap: RM 120.1m

An investment holding company, engages in civil engineering and construction, property development, water supply, and mechanical and electrical engineering businesses in Malaysia, Indonesia, and Singapore.

Malayan United Industries Berhad

Market Cap: RM 161.3m

An investment holding company, primarily engages in the retailing, hotel, property, food, fast food chain, and financial service businesses in Malaysia, the Asia-Pacific, Australia, North America, and the United Kingdom.

Erdasan Group Berhad

Market Cap: RM 18.3m

An investment holding company, designs, manufactures, and fabricates industrial automation systems, machinery, and industrial and engineering parts.

TAS Offshore Berhad

Market Cap: RM 81.3m

Engages in the ship building and repairing businesses in Malaysia, Indonesia, and Singapore.

Resintech Berhad

Market Cap: RM 91.4m

An investment holding company, designs, manufactures, trades, and markets uPVC and polyethylene products in Malaysia, Indonesia, Cambodia, Singapore, and internationally.

Minox International Group Berhad

Market Cap: RM 70.2m

An investment holding company, engages in the design, development, import, and distribution of stainless steel sanitary valves, tube and fittings, installation components and equipment, and rubber hoses.

Astino Berhad

Market Cap: RM 242.0m

An investment holding company, manufactures, processes, and sells metal building materials and other steel products in Malaysia, Indonesia, Philippines, and internationally.

KPS Consortium Berhad

Market Cap: RM 105.7m

An investment holding company, engages in the distribution and retail of wooden doors, plywood, and related building materials in Malaysia.

Jasa Kita Berhad

Market Cap: RM 92.2m

An investment holding company, engages in the manufacturing, assembling, and trading of power tools, electric induction motors, hand tools, and other industrial equipment in Malaysia.

Kein Hing International Berhad

Market Cap: RM 126.3m

Engages in sheet metal forming, precision machining, and component assembly services for the components and devices, home appliances, automotive, electrical, and audio-visual industries.

Ta Win Holdings Berhad

Market Cap: RM 55.1m

An investment holding company, manufactures, sells, and trades in copper wires, rods, and related products in Malaysia, Brunei, Hong Kong, China, Vietnam, and internationally.

Dancomech Holdings Berhad

Market Cap: RM 157.1m

An investment holding company, trades in and distributes process control equipment, measurement instruments, and industrial pumps in Malaysia, Indonesia, and internationally.

Ho Wah Genting Berhad

Market Cap: RM 27.1m

An investment holding company, manufactures and sells wires and cables, moulded power supply cord sets, and cable assemblies for electrical and electronic devices and equipment in Malaysia, rest of Asia, and North America.

Unimech Group Berhad

Market Cap: RM 195.9m

An investment holding company, engages in the system design, fabrication, installation, and maintenance of boilers, combustion and engineering equipment, and piping systems.

APB Resources Berhad

Market Cap: RM 19.9m

An investment holding company, fabricates specialized design and manufacturing engineering equipment Malaysia and internationally.

West River Berhad

Market Cap: RM 75.1m

An investment holding company, provides mechanical and electrical engineering services in Malaysia.

Bina Darulaman Berhad

Market Cap: RM 66.8m

An investment holding company, engages in the oil palm plantation, property development, and management service businesses in Malaysia.

FBG Holdings Berhad

Market Cap: RM 141.3m

An investment holding company, engages in the civil, infrastructure, and building construction works in Malaysia and Australia.

Success Transformer Corporation Berhad

Market Cap: RM 142.8m

An investment holding company, engages in the design, manufacture, marketing, and distribution of electrical apparatus and industrial lighting products in Malaysia, the People’s Republic of China, and internationally.

EITA Resources Berhad

Market Cap: RM 138.8m

An investment holding company, manufactures, distributes, and sells elevators and busduct systems in Malaysia.

Superlon Holdings Berhad

Market Cap: RM 93.6m

An investment holding company, designs, tests, manufactures, and sells thermal insulation materials in Africa, the United States, Europe, Asia, Malaysia, and Oceania.

ACO Group Berhad

Market Cap: RM 55.6m

An investment holding company, distributes electrical products and accessories for industrial, commercial, and residential use primarily in Malaysia.

HPMT Holdings Berhad

Market Cap: RM 52.6m

An investment holding company, manufactures and distributes cutting tools in Malaysia, Europe, Rest of Asia, and internationally.

White Horse Berhad

Market Cap: RM 105.7m

An investment holding company, engages in the manufacture and distribution of ceramic and homogeneous tiles in Malaysia, Vietnam, Indonesia, the Philippines, Singapore, Thailand, and China.

Txcd Berhad

Market Cap: RM 48.3m

An investment holding company, engages in the engineering, procurement, construction, and commissioning (EPCC) activities in Malaysia.

ARK Resources Holdings Berhad

Market Cap: RM 26.9m

An investment holding company, engages in civil, building construction, and engineering works in Malaysia.