Singaporean Capital Goods Potentially Undervalued Small Caps

ISOTeam

Market Cap: S$59.7m

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

Lincotrade & Associates Holdings

Market Cap: S$59.2m

Provides interior fitting-out, addition, and alteration works in Singapore, Malaysia, and the People’s Republic of China.

Mooreast Holdings

Market Cap: S$39.4m

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

Hor Kew

Market Cap: S$61.4m

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

Far East Group

Market Cap: S$13.2m

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

Brook Crompton Holdings

Market Cap: S$21.6m

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

TA

Market Cap: S$52.1m

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

Koyo International

Market Cap: S$12.5m

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

Hiap Tong

Market Cap: S$34.0m

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$28.1m

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

SHS Holdings

Market Cap: S$73.2m

An investment holding company, engages in grit blasting and painting activities in Singapore, Malaysia, Vietnam, Indonesia, the People’s Republic of China, Australia, and New Zealand.

Ocean Sky International

Market Cap: S$15.5m

An investment holding company, provides building and civil engineering, construction, and related services in Singapore, Cambodia, and Australia.

Wong Fong Industries

Market Cap: S$46.5m

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

Darco Water Technologies

Market Cap: S$6.6m

An investment holding company, provides engineering and water and wastewater treatment solutions in Singapore, Malaysia, the People’s Republic of China, and Vietnam.