SMID Research · Singapore & Asia small-mid cap library

Small caps, straight from the filings.

Yangzijiang Financial Holding Ltd SGX: YF8
An investment company with a China-focused debt book, fund stakes and a large cash balance.Watch: recoveries on the non-performing loans, what the redeployed cash earns, and the FY2026 dividend.
Soilbuild Construction Group SGX: ZQM
Soilbuild builds Singapore industrial, residential and civil projects and supplies precast concrete.Watch: the shrinking order book and the award intake, the Tuas Port conversion, precast volume and cash conversion.
Huationg Global Limited SGX: 41B
Huationg builds civil engineering works and runs worker dormitories in Singapore.Watch: the order book, gross margin, the contract-liability balance and the trust-receipt funding line.
UP Fintech Holding Limited NASDAQ: TIGR
UP Fintech runs Tiger Brokers, an online brokerage with margin financing and wealth products.Watch: funded accounts, client assets, trading volumes, margin balances and the mainland penalty schedule.
GuocoLand Limited SGX: F17
GuocoLand develops homes and owns offices, malls and hotels in Singapore, China and Malaysia.Watch: a further China allowance, Singapore launch sell-through and the refinancing of borrowings due within a year.
UI Boustead REIT SGX: UIBU
UI Boustead REIT owns 23 industrial, logistics and business-space properties in Singapore and Japan.Watch: the first distribution, yen translation, the FY2027 renewal tail and the two development commitments.
iX Biopharma Ltd SGX: 42C
iX Biopharma makes specialty pharmaceuticals, cannabis products and nutraceuticals.Watch: operating cash outflow, current borrowings and Defense reimbursement.
Multi-Chem Limited SGX: AWZ
Multi-Chem distributes cybersecurity and IT products with technical support.Watch: collections, support obligations, supplier payables and further CPIB disclosures.
Food Empire Holdings SGX: F03
Food Empire makes branded soluble coffee mixes and snacks for markets across Asia, Russia and Europe.Watch: inventory ageing, price-volume mix and cash conversion against new-factory capex and entity funding.
Ho Bee Land SGX: H13
Ho Bee Land leases business premises and develops property and serviced land for sale.Watch: dated bank refinancing, committed facilities and unrestricted cash by legal entity.
CapitaLand Ascendas REIT SGX: A17U
Owns business-space, industrial, data-centre and logistics properties.Watch: occupancy, property spending, funding tenors and distribution-to-cash conversion.
Lincotrade & Associates Holdings SGX: BFT
Fits out commercial and residential interiors in Singapore for a fixed contract sum.Watch: order-book conversion, certification and collections, and whether bank bills keep funding project working capital.
Emperor Watch & Jewellery HKEX: 0887
Sells European luxury watches and own-brand gold jewellery from 69 shops across Greater China.Watch: the unexplained first-half margin gain, the write-down inside cost of sales, and the vanished Singapore segment.
Tiong Woon Corporation SGX: BQM
Provides heavy-lift, haulage and installation services.Watch: fleet renewal, collections and whether utilisation supports cash after replacement capex.
Frasers Property Limited SGX: TQ5
Develops and owns residential, retail, commercial, logistics and hospitality property.Watch: FY2026 results, FHT completion, interest cover and committed refinancing for the FY2027 maturity wall.
JustCo Holdings Limited SGX: JCO
Fits out and operates flexible offices under leases and management contracts.Watch: lease commitments, fit-out cash and whether new centres mature into occupancy and cash earnings.
Zhejiang DunAn Artificial Environment Co., Ltd. SHE: 002011
Makes refrigeration components, air-conditioning equipment and automotive thermal-management systems.Watch: segment margins, automotive cash conversion and debt as growth absorbs capital.
Civmec Limited ASX: CVL · SGX: P9D
Fabricates and installs large structures for resources, infrastructure, marine and defence.Watch: contract cash flow, order-book conversion and the acquired naval programme's contribution.
AUX Electric Co., Ltd. HKEX: 2580
Makes household and central air-conditioning systems for distributors, installers and projects.Watch: product margins, accessible cash and working-capital conversion after the recent slowdown.
Taka Jewellery Holdings SGX: 42L
Jewellery wholesale, retail and pawnbroking.Watch: inventory and receivable days, bank funding and whether higher profit converts into cash.
Winking Studios Limited SGX: WKS · AIM: WKS
Provides outsourced game art and co-development services to publishers.Watch: receivable collection, gross margin and whether growing bookings convert into operating cash.
Uni-Asia Group SGX: CHJ
Dry-bulk shipping, Japanese property development and asset-management fees.Watch: newbuild financing, charter cover and whether cash generation can fund fleet renewal.
Keong Hong Holdings SGX: 5TT
Builds in Singapore and holds property and Maldives hospitality interests.Watch: order-book cash conversion, the audit qualification and access to associate cash.
Coliwoo Holdings Limited SGX: W8W
Operates co-living rooms across owned, master-leased and managed properties.Watch: refurbishment and lease costs, the occupancy ramp and debt-funded cash requirements.
Frencken Group Limited SGX: E28
Makes precision modules for semiconductor, medical and industrial OEMs.Watch: use of placement proceeds, facility utilisation and cash conversion.
MoneyMax Financial Services Ltd SGX: 5WJ
Pawnbroking, gold and luxury retail, and secured lending.Watch: short-term refinancing and operating cash conversion as the collateral and inventory books grow.
Changhong Meiling Co., Ltd. SHE: 000521
Makes refrigerators, freezers, washers, air conditioners and smaller appliances.Watch: product margins, supplier claims, operating cash flow and how much cash is truly unrestricted.
Singapore Shipping Corporation SGX: S19
Owns five car carriers on long-term charter, plus agency and logistics services.Watch: charter run-off and a funded fleet-replacement plan as the vessels age.
ISOTeam Ltd. SGX: 5WF
Repairs, repaints and upgrades Singapore public housing and related estates.Watch: whether margin recovery turns into operating cash after working capital and expansion funding.
Zhongshan Broad-Ocean Motor Co., Ltd. SHE: 002249
Makes appliance motors, starter-generators and new-energy vehicle powertrain systems.Watch: core segment margins, receivable quality and after-capex cash generation.
Well Chip Group Berhad Bursa: WELLCHIP
Gold-backed pawnbroking through 27 Malaysian outlets, plus sales of forfeited gold.Watch: rights-issue completion, receivable growth, cash conversion and realised collateral recovery.
Q & M Dental Group SGX: QC7
Operates dental clinics in Singapore and Malaysia and consolidates Aoxin in China.Watch: core clinic cash conversion, acquisition accounting and covenant headroom.
Aspial Lifestyle SGX: 5UF
Pawnbroking, jewellery retail and property-backed secured lending.Watch: refinancing and cash conversion as loans and inventory expand against collateral values.
iWOW Technology Limited SGX: NXR
Wireless monitoring, metering and elder-care systems, plus telecoms infrastructure.Watch: acquisition payments, dilution and post-acquisition cash generation by segment.
ValueMax Group SGX: T6I
Pawnbroking, gold and jewellery trading, and secured lending.Watch: short-dated refinancing, collateral performance and operating cash conversion as the loan and inventory books grow.
Pan-United Corporation SGX: P52
Produces and delivers ready-mixed concrete across Singapore.Watch: concrete volumes and margins, capital spending and working-capital cash conversion.
PC Partner Group SGX: PCT
Designs and sells graphics cards under ZOTAC, Inno3D and Manli.Watch: GPU demand, inventory, supplier terms and cash conversion excluding treasury placements.
Beng Kuang Marine Limited SGX: BEZ
Marine fabrication, repair and offshore-support services for vessels and FPSOs.Watch: project margins, cash conversion and the final funding burden from the ASOM acquisition.
OKP Holdings Limited SGX: 5CF
Builds and maintains Singapore roads and public infrastructure.Watch: whether unusually high project margins persist and the record order book converts cleanly into cash.

Newest evidence first: ordered by the date each library's evidence runs to. Each Watch line names disclosures being monitored, not a view on the shares.

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  • Primary sources. Notes are built from the complete filing history, and any document that could not be retrieved is named.
  • Graded evidence. The canonical R/D/G/E/O/F taxonomy separates reported facts, derivations, management guidance, external material, opinion and forecasts (how to read an evidence library).
  • Dated, never silently rewritten. Every note states its information cut-off, and every correction is dated.
  • Falsifiers, not slogans. An analytical claim names the dated disclosure that would test it, listed on the coverage calendar.