Five out of those 20 are part of the consumer sector.
Chances might be found amongst 20 less-publicized entities within Singapore’s building, retail, and manufacturing industries.
In their list of Top 20 Small Cap Gems 2025, RHB highlighted promising small-cap firms in Singapore known for robust financials and substantial future expansion potential. These could be attractive options for institutional investors looking for steady, high-return investments.
RHB identified BRC Asia, Hong Leong Asia , Pan-United, and ISOTeam as small-cap jewels in the construction sector.
RHB said these BRC Asia and Pan-United will benefit from Singapore’s construction boom, where demand is forecast to exceed 2019 levels by 11.7%.
RHB stated that Hong Leong Asia stands to gain from the construction boom in both Singapore and Malaysia. The bank believes this expansion in these markets will enhance the firm’s profit margins and boost its earnings.
Meanwhile, ISOTeam will gain from the government’s ongoing estate development project pipeline.
In the consumer segment, RHB highlighted Aspial Lifestyle and Bumitama Agri. MoneyMax Financial ValueMax, and Zixin petite gems.
RHB stated that higher gold prices will benefit Aspial Lifestyle positively. ValueMax , and MoneyMax.
Bumitama Agri is well-placed to gain advantage from strong crude palm oil market conditions. Zixin Hainan's growth, anticipated to include additional farmland development by fiscal year 2027, looks set to boost upcoming profits.
CSE Global, GKE Corp , OilTek International, and Riverstone Holdings have risen as prominent figures in the industry.
RHB said OilTek International is expected to benefit from a projected 3.9% compound annual growth rate in worldwide fats and oils consumption, bolstered by robust consumer preferences.
In the meantime, the rebound in the energy and infrastructure sectors will be beneficial. CSE Global , and GKE Corp can benefit from construction expansion in China.
RHB has pointed out that Riverstone Holdings is an attractive choice, boasting margins higher than the sector average and a history of steady dividend payouts even without an official policy in place.
To complete its list of small-cap recommendations, RHB included Centurion Corp, LHN, and PropNex in the real estate sector; Frencken Group and Grand Venture Technology within technology; Livingstone Health under healthcare; and Marco Polo Marine for the oil and gas industry.