Another day, another great day to find underrated gems in the Singaporean market.

We are looking for undervalued small-cap companies that also have decent dividend yields.

And we have a big surprise for you.

A new (or old depending on how you see it) finance and investment tool that we found that could bring you over the top.

Before you go, we have some exciting content that you might have missed out previously.

Cheers,
InvestKaki Team 🤜🤛

Moving on, here are the news that shocked the world…

Google X SpaceX $GOOG ( ▼ 0.97% ): Google and Alphabet are trying to work out on launching data centres into space. If this goes through, this will be a boost for SpaceX IPO in June [Read More]

Ebay $EBAY ( ▲ 2.55% ): Ebay has rejected GameStop’s US$55.5 billion takeover offer as it labelled it as ‘neither credible nor attractive’ considering GameStop’s status as a meme stock [Read More]

EchoStar $SATS ( ▲ 1.57% ): EchoStar has gotten approval to sell its spectrum to AT&T and SpaceX. Some investor are treating EchoStar as a proxy to SpaceX IPO [Read More]

Softbank $SFTBY ( ▼ 3.73% ): Softbank logged a gain of US$46 billion on its Vision Fund, driven by OpenAI’s gain of US$25 billion. However, it has lost money on some of its investments in Coupang, Didi Global and Klarna [Read More]

CVS $CVS ( ▼ 1.3% ): CVS 1Q 2026 earnings exceeded expectations. Revenue is up by 6.2%, while profits grew by a whopping 65% as its turnaround plan yields results [Read More]

Here are the news covering the Asia market…

Alibaba $BABA ( ▼ 6.05% ): Despite the plunge in profits, Alibaba is receiving investors’ attention as its talks up its AI investments and impact on its operations [Read More]

Food Empire: Food Empire’s 1Q 2026 results are its strongest yet. Revenue grew by 16.9%, driven by its Central Asia (+36.4%) and Russian (+29.4%) operations [Read More]

BRC Asia: BRC Asia also recorded strong results. Revenue and profits jumped by 30% and 24$ respectively due to its fabrication and manufacturing (+33%) segment [Read More]

SIA Engineering: SIA Engineering’s 2H 2026 earnings are up by 21%, bringing its full-year earnings to SG$169 million. Repair and maintenance services continue to drive but uncertainty in the Middle East is affecting its aerospace segment [Read More]

NTT DC REIT: NTT DC REIT’s full-year 2026 results slightly exceeded IPO forecasts. Revenue and distribution per unit are higher by 2.5% and 2.6% respectively [Read More]

Kimly: Kimly’s 1H 2026 revenue and earnings are up by 1.3% and 10.6% respectively as it continues to expand its coffeeshops and stalls, while closing underperforming ones [Read More]

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Vicom Ltd provides testing and inspection services for vehicles and non-vehicles that include aerospace, marine, offshore, biotech, oil & gas and others.

Why we like this: Vicom is trading at relatively cheap valuations. Price-to-earnings ratio (PER) is at 14.9 times compared to its peers’ average of 28.8 times. Based on discounted cash flow (DCF) analysis, it is potentially 70% undervalued.

So, its dividend yield is also pretty attractive at 5.9% currently, and higher than the industry’s average of 3.9% and the top 25% of the market.

In 2025, both revenue and profits grew by 40.1% and 44.3% respectively. Higher results were due to the higher contribution of its On-Board Unit (OBU) project that tests for non-vehicle units.

However, just be careful of the risks of OBU. It is considered a one-off project and there are no guarantee that Vicom could have it again in 2026.

Hafary Holdings imports, exports, distributes, wholesales, and trade building materials such as tile, stones, countertop, vinyl, and mosaic.

Why we like this: Hafary is trading at a PER of 7.2 times compared to its peers’ average of 11.3 times. Meanwhile, its DCF shows that it is potentially 65% undervalued. There could be a case for a buy low, sell high opportunity here.

Hafary is an established name in Singapore. They supply many of the prominent projects in Singapore, whether it be residential or commercial. 2025 has been a steady year.

Looking forward, Hafary’s outlook hinges on the construction development in Singapore. Singapore is projected to be steady, with Singapore’s Building and Construction (BCA) estimating that construction demand will be at about SG$50 billion, supported by Changi Airport Terminal 5, Tuas Megaport, and Marina Bay Sands.

Nam Lee designs, fabricates, supplies and installs steel aluminium products in Singapore and Malaysia.

Why we like this: PER is at a cheap 7.2 times compared to the industry’s average of 13.2 times. And DCF valuation also indicates a potential 50% undervaluation. Meanwhile, dividend yield is pretty decent at 4.1% also, higher than the industrial average of 2.1%.

Lum Chang Holdings is involved in construction, property development, and project management in Singapore and Malaysia.

Why we like this: PER is slightly low at 11.3 times compared to its peers’ average of 13.3 times. Furthermore, price-to-book is also cheap at 1.2 times compared to peers’ average of 3.5 times.

1H 2026 results was interesting. While revenue was down by 8%, profits actually more than doubled to SG$10.6 million. There’s a simple explanation for this.

With construction materials now very expensive, Lum Chang might want to consider pivoting more towards its interior fit out segment to build up higher margin businesses, rather than rely on the construction segment.

Samudera Shipping Line owns and operations ships transporting goods in Southeast Asia, India, and the Far East.

Why we like this: Price-to-book ratio is cheap at 0.7 times compared to its peers’ average of 1.6 times. Dividend yield is very high at 8.5% compared to the industry’s average of 5.1%.

It is quite rare to find an undervalued shipping company now, considering that freight rates are getting higher due to fuel costs. Many shipping companies are now being sought after as they are in short supply.

And that’s a wrap!

Cheers,
James Yeo~