Singaporean Energy Potentially Undervalued Small Caps

Heatec Jietong Holdings

Market Cap: S$7.8m

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$57.6m

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

AnAn International

Market Cap: S$72.0m

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

Mencast Holdings

Market Cap: S$39.2m

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