In Dec 2025, CGS International put out a report titled "Make Singapore Great Again - Value Up A-Z Chart Book 2".  It offered a lineup of small mid-caps that rarely get analyst attention.The team at CGS screened Singapore-listed companies trading below 10x P/E or 1x P/BV — basically, cheap and perhaps good. (See: From Obscurity to Opportunity: CGS Shines Light on 16 Low-Profile Stocks With Momentum Into 2026) How have the 16 stocks done since? Below, is a table of their performance and commentaries on selected stocks. |
|
Name |
Price @18 Dec 2025 |
Price@02 May 2026) |
Market Cap (S$m) |
Profit/Loss |
|
Acesian Partners |
0.033 |
0.025 |
11.8 |
-24.2% |
|
Addvalue Tech |
0.063 |
0.143 |
526.7 |
+127.0% |
|
Asian Pay TV Trust |
0.102 |
0.087 |
157.2 |
-14.7% |
|
Banyan Tree |
0.620 |
0.620 |
537.9 |
0.0% |
|
Beng Kuang Marine |
0.280 |
0.485 |
111.7 |
+73.2% |
|
Chasen Holdings |
0.082 |
0.099 |
37.9 |
+20.7% |
|
Duty Free Int. |
0.081 |
0.073 |
87.5 |
-9.9% |
|
GKE Corp |
0.091 |
0.08 |
68.7 |
-12.2% |
|
Hafary Holdings |
0.500 |
0.475 |
204.5 |
-5.0% |
|
Kencana Agri |
0.280 |
0.540 |
155.0 |
92.9% |
|
King Wan |
0.053 |
0.050 |
38.4 |
-5.7% |
|
Ley Choon Group |
0.074 |
0.103 |
155.1 |
+39.2% |
|
Nam Lee Pressed Metal |
0.630 |
0.715 |
173.1 |
+13.5% |
|
Sing Investments |
1.580 |
1.62 |
383.0 |
+2.5% |
|
Thakral |
1.620 |
1.870 |
239.1 |
+15.4% |
|
XMH |
1.570 |
2.250 |
246.7 |
+43.3% |
Addvalue Technologies (+127%)
Addvalue is the clear leader in this portfolio.
The stock’s ascent was fueled by a surge in new orders within the satellite communication terminal sector, including contracts worth nearly $3 million from key regional clients.
This growth has propelled its market capitalization to over S$527 million.
Beng Kuang Marine (+73%)
Beng Kuang Marine has also proved to be a super stock.
 Yong Juinn Run, CEO, Beng Kuang Marine: • Has more than 30 years of experience in corporate and commercial banking. • Ex-CEO of CIMB Group Commercial Banking • Ex-Business Head for Global Enterprise Banking at OCBC. |
It recently proposed acquiring the remaining equity interest in Asian Sealand Offshore & Marine (ASOM), which is seen as a huge positive by analysts.
Beng Kuang will be able to fully consolidate ASOM's high-margin, recurring revenues and earnings, which will provide a significant structural boost to the group's overall profitability and cash generation.
ASOM services 19 Floating Production Storage and Offloading (FPSO/FSO) vessels across seven countries.
It benefits from recurring, compliance-driven maintenance that operators are contractually obligated to perform.
XMH Holdings (+43%)XMH Holdings is a high-momentum performer supported by a robust 23% increase in net profit for 1HFY26 to S$15.5 million, driven by contributions from its booming business of supplying standby generator sets to data centres. Chasen Holdings (+21%)The stock price of Chasen Holdings, which completed a five-storey logistics hub in Jurong in 2025, has seen a fresh burst of speed for unknown reason. |
→ See also: Property Gold Rush: Banyan Tree's Phuket Landbank Delivers Strong Residential Property Sales
