#2 Prime US REIT
Prime US REIT is a real estate investment trust company focused on investing in prime office assets in the U.S.
It currently has 14 Class A freehold office properties in 10 U.S. states of California, Utah, Colorado, Texas, Missouri, Georgia, Florida, Virginia, Maryland, and Pennsylvania.
Post-covid rebound led to a 2.5x jump in revenue from US$60.7 million in 2019 to US158.7 million in 2021 during the pandemic.
Operating cash flow (which is a measure of how much cash is being generated from its operations) more than doubled to US$95.7 billion in 2021 from US$44.4 billion in 2019.
Prime US REIT currently has a P/B ratio of 0.6x and offers a juicy dividend yield of 13%, much higher than its peer average of 6.0%.
#3 Hotung Investment Holdings
Hotung Investment Holdings ("Hotung" in short) invests mainly in venture capital businesses in Taiwan, China and the U.S. HIH helps them to grow and expand their businesses.
It mainly invests in the sectors of Ecommerce, manufacturing, healthcare, biotech, agriculture, artificial intelligence, internet-of-things, and cloud services with 700 companies estimated to be worth US$5 billion.
Hotung is having the best financial performance in the previous two years. Revenue doubled from SG$22.4 million in 2019 to SG$50.0 million in 2021, while profits are at its historical high of SG$30.5 million.
In terms of valuation, Hotung's price-to-book ratio is at 0.6 times, much lower when compared to its peers average of 1.3 times. Likewise, dividend yield stands at 13.4%, much higher when compared to the industry average of 3.7%.
#4 Jiutian Chemical Group
Jiutian Chemical Group is a manufacturer of intermediate chemical compounds for the production of other goods. These compounds include dimethylformamide, methylamine, sodium hydro sulfite, consumable carbon dioxide, and oxygen-18.
Jiutian Chemical Group's operations are mainly in China, with its main factory in Henan, and customers in Hebei, Shanxi, Hubei, Shandong, Jiangsu and Anhui.
Similar to other companies on this list, Jiutian Chemical had one of the best financial performance during the pandemic. Revenue grew by more than 2 times from SG$203.6 million in 2019 to SG$461.0 million in 2021.
Furthermore, the returns on asset of JCG is now at its highest of 17.2% in 2021, compared to its historical average range of around 0.5% to 4.7% from 2013 to 2020.
Jiutian Chemical is now trading at a price-to-book ratio of 0.7 times, and is much lower than the historical average (2018 to 2021) of 1.7 times.
Its current dividend yield is also pretty high at 10.5% compared to the industry average of 2.1%.
#5 Sin Heng Heavy Machinery
Sin Heng Heavy Machinery is a provider of heavy lifting services which include cranes, aerial lifts and other heavy lifting equipment to infrastructure, construction, civil engineering, offshore and marine companies.
Sin Heng has dealership rights to Kobelco and Kato brands, and is in other countries like Malaysia, Indonesia and Myanmar.
Sin Heng has managed to reversed its loss of S$$1.3 million in 2019 to a profit of S$3.8 million in 2021. This is still room for growth as FY2015 is the peak of its financial performance with a net profit of S$12.0 million.
Trading at a price-to-book valuation of 0.5 times, Sin Heng is slightly below the industry average of 0.6 times. However, its dividend yield at 11.0% is higher when compared to the industry average of 4.5%.
