Singaporean Potentially Undervalued Small Caps

ISOTeam

Market Cap: S$62.1m

Operates in the building maintenance and estate upgrading industry in Singapore.

Zixin Group Holdings

Market Cap: S$66.3m

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.

Singapore Paincare Holdings

Market Cap: S$13.0m

An investment holding company, operates medical clinics in Singapore.

Heatec Jietong Holdings

Market Cap: S$7.4m

Provides piping and heat exchanger services for the marine and oil and gas industries in Singapore, the People’s Republic of China, and the Philippines.

Atlantic Navigation Holdings (Singapore)

Market Cap: S$61.8m

An investment holding company, provides marine logistic services, ship repair, fabrication, and other marine services in Qatar, Saudi Arabia, Oman, and internationally.

F J Benjamin Holdings

Market Cap: S$10.7m

An investment holding company, engages in the brand building and management, and development of retail and distribution networks for international luxury and lifestyle brands in Southeast Asia.

Mooreast Holdings

Market Cap: S$36.0m

Provides total mooring solutions in Singapore, Europe, the Asia Pacific, the Middle East, Oceania, South America, and internationally.

Serial Achieva

Market Cap: S$21.2m

An investment holding company, operates as a distributor and marketer of consumer and enterprise IT products in Malaysia, Thailand, and Singapore.

Kin Global

Market Cap: S$45.8m

Provides sports events management services in Singapore.

Captii

Market Cap: S$8.1m

An investment holding company, operates in the technology and telecommunication businesses in Southeast Asia, South Asia, the Middle East, Africa, China, North America, and internationally.

AnnAik

Market Cap: S$19.9m

An investment holding company, manufactures and distributes stainless steel products in Singapore, Malaysia, the People’s Republic of China, Indonesia, Australia, China, New Zealand, and internationally.

First Ship Lease Trust

Market Cap: S$72.5m

A business trust, owns a fleet of oceangoing product tankers in Europe.

Hor Kew

Market Cap: S$61.4m

An investment holding company, provides an integrated range of construction related products and services in Singapore.

A-Sonic Aerospace

Market Cap: S$57.4m

An investment holding company, engages in the aviation and logistics business in Asia, North America, Europe, and Sub-Continent India.

Far East Group

Market Cap: S$11.9m

Manufactures and distributes refrigeration and air-conditioning systems and products for the heating, ventilation, air-conditioning, and refrigeration industry.

ecoWise Holdings

Market Cap: S$20.7m

Through its subsidiaries, provides renewable energy, resource recovery, and integrated environmental solutions in Singapore, Malaysia, Australia, and internationally.

Trek 2000 International

Market Cap: S$49.0m

An investment holding company, provides interactive consumer, wireless, encryption, and enterprise solutions.

Zhongmin Baihui Retail Group

Market Cap: S$77.6m

An investment holding company, owns, operates, and manages a chain of department stores and supermarkets in the People’s Republic of China.

LS 2 Holdings

Market Cap: S$15.9m

An investment holding company, operates as an integrated environmental services provider in Singapore.

Natural Cool Holdings

Market Cap: S$19.8m

An investment holding company, provides installation, maintenance, repair, and replacement services for air-conditioning systems in Singapore.

Sim Leisure Group

Market Cap: S$71.1m

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

Koyo International

Market Cap: S$14.6m

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

UG Healthcare

Market Cap: S$54.3m

An investment holding company, manufactures and sells disposable gloves.

Global Testing

Market Cap: S$43.7m

An investment holding company, provides semiconductor testing services in Taiwan, the Republic of China, Japan, the United States, Singapore, Thailand, and internationally.

TA

Market Cap: S$69.8m

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

Brook Crompton Holdings

Market Cap: S$21.8m

An investment holding company, distributes electric motors in the United Kingdom, Continental Europe, the Asia Pacific, and North America.

Pharmesis International

Market Cap: S$11.4m

An investment holding company, research, develops, produces, packages, sells, and markets western medicines and traditional Chinese medicine (TCM) formulated products for hospitals and medical institutions in the People’s Republic of China.

YKGI

Market Cap: S$56.3m

An investment holding company, operates food outlets in Singapore.

Amcorp Global

Market Cap: S$44.7m

An investment holding company, operates as a real estate developer in Singapore, Malaysia, and Vietnam.

Hiap Tong

Market Cap: S$36.5m

Engages in the provision of hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia.

Federal International (2000)

Market Cap: S$35.2m

An investment holding company, operates as an integrated service provider and procurement specialist in the oil and gas, and energy industries.

Mencast Holdings

Market Cap: S$52.1m

An investment holding company, provides engineering and maintenance, repair, and overhaul solutions in Singapore, the rest of Asia, and internationally.

HC Surgical Specialists

Market Cap: S$58.3m

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

TIH

Market Cap: S$49.5m

A private equity firm specializing in M&A, restructuring, joint ventures, turnaround, and special situations investments.

Capital World

Market Cap: S$16.1m

An investment holding company, engages in the conception, design, and implementation of integrated property development projects in Malaysia.

Wong Fong Industries

Market Cap: S$54.1m

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