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$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.

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.

Heatec Jietong Holdings

Market Cap: S$8.0m

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

Atlantic Navigation Holdings (Singapore)

Market Cap: S$61.3m

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

Mooreast Holdings

Market Cap: S$27.2m

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

Singapore Paincare Holdings

Market Cap: S$15.0m

An investment holding company, operates medical clinics in Singapore.

Serial Achieva

Market Cap: S$24.6m

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

GSS Energy

Market Cap: S$9.6m

An investment holding company, engages in the precision engineering business in Singapore, Indonesia, China, Thailand, and internationally.

Sunright

Market Cap: S$52.8m

An investment holding company, provides semiconductor test and burn-in services to semiconductor and electronics manufacturers in Singapore, Malaysia, Mainland China, the United States, and internationally.

Trek 2000 International

Market Cap: S$29.6m

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

A-Sonic Aerospace

Market Cap: S$51.2m

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

Far East Group

Market Cap: S$12.0m

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

AnnAik

Market Cap: S$21.4m

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.

AnAn International

Market Cap: S$84.7m

An investment holding company, trades in petrochemical, fuel oil, and petroleum products in Europe, Singapore, Hong Kong, and the People’s Republic of China.

ecoWise Holdings

Market Cap: S$18.4m

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

Willas-Array Electronics (Holdings)

Market Cap: S$78.3m

An investment holding company, distributes and trades in electronic components for industrial, audio and video, telecommunication, home appliances, lighting, electronic manufacturing, and automotive markets.

Captii

Market Cap: S$7.7m

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.

Hor Kew

Market Cap: S$58.8m

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

TA

Market Cap: S$58.6m

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

LS 2 Holdings

Market Cap: S$14.8m

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

YKGI

Market Cap: S$58.1m

An investment holding company, operates food outlets in Singapore.

SUTL Enterprise

Market Cap: S$77.7m

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

Natural Cool Holdings

Market Cap: S$11.8m

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

Pharmesis International

Market Cap: S$11.3m

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.

Global Testing

Market Cap: S$38.0m

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

UG Healthcare

Market Cap: S$49.3m

An investment holding company, manufactures and sells disposable gloves.

Koyo International

Market Cap: S$13.9m

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

Sim Leisure Group

Market Cap: S$77.7m

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

Brook Crompton Holdings

Market Cap: S$20.6m

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

Hiap Tong

Market Cap: S$35.5m

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

HC Surgical Specialists

Market Cap: S$56.7m

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.

Medinex

Market Cap: S$30.9m

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

Amcorp Global

Market Cap: S$44.3m

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

Federal International (2000)

Market Cap: S$34.5m

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