In the Singapore stock market, most of the attention is usually focused on blue-chip stocks or REITs.
However, there is a select group of smaller companies that may fly under the radar but are still performing well.
These stocks could qualify as unappreciated gems that you could add to your watchlist.
Here are four smaller mid-cap Singapore stocks that reported higher profits.
Ley Choon Group (SGX: Q0X)
Ley Choon Group provides one-stop underground facilities, infrastructure construction and road works.
The group is also one of several asphalt plant operators in Singapore and serves government agencies such as the Public Utilities Board (PUB) and the Land Transport Authority (LTA).
For its fiscal 2025 (FY2025) ending 31 March 2025, revenue inched up 1.1% year on year to S$130.5 million.
Net profit climbed 33% year on year to S$14.5 million.
Ley Choon Group also generated S$11.4 million of free cash flow, just half of what was churned out last year.
A final dividend of S$0.003 was declared, higher than the S$0.0027 paid out a year ago.
Construction demand is expected to stay strong because of several large-scale development projects, such as Changi Airport’s Terminal 5 and the expansion of the Marina Bay Sands integrated resort.
Other contributions include high-specification industrial buildings, educational developments, and healthcare facilities.
Ley Choon Group will continue to pursue opportunities in underground infrastructure and utilities construction.
Its order book stood at approximately S$342.5 million as of 29 May 2025.
Singapore Shipping Corporation (SGX: S19)
Singapore Shipping Corporation, or SSC, is a shipping group with businesses in ship owning, ship management, and ship agency and terminal operations.
For FY2025, revenue rose 6.7% year on year to S$48.6 million.
Operating profit climbed 21.8% year on year to S$9.8 million while net profit leapt 24.6% year on year to S$11.4 million.
SSC also generated a positive free cash flow of S$17.7 million, 16.5% higher than the S$15.2 million churned out in FY2024.
A final dividend of S$0.01 was proposed, in line with last fiscal year’s payout.
The group delivered steady results for FY2025 by relying on its long-term charter business model with blue-chip operators.
SSC recently renewed a five-year time charter for the M.V. Boheme with a reputable partner, highlighting the group’s strong long-term customer relationships.
Because of ongoing market volatility, SSC will be prudent when evaluating new investment opportunities.
Grand Venture Technology (SGX: JLB)
Grand Venture Technology, or GVT, provides manufacturing solutions and services for the semiconductor, analytical life sciences, electronics, aerospace, and medical sectors.
GVT reported a strong set of earnings for 1Q 2025.
Revenue shot up 44.8% year on year to S$44.6 million.
Gross profit improved by 40.3% year on year to S$11.1 million while net profit increased by 27.7% year on year to S$2.6 million.
All three of the group’s divisions saw healthy, double-digit year-on-year revenue increases.
The semiconductor division performed the best, logging a 62.4% year-on-year jump in revenue to S$25.6 million.
This growth was driven by higher demand for the group’s test equipment-related products, including high-bandwidth memory testers.
There were also progressive contributions from new front-end semiconductor customers.
With supply chains shifting to Asia, GVT also saw resilient life sciences and aerospace demand.
The group’s customer end-markets are mainly in Asia and the EU, thus it will not be directly impacted by Trump’s raft of reciprocal tariffs.
GVT is on track to achieve its revenue forecast of S$90 million to S$96 million, representing year-on-year growth of 31.7% to 40.5%.
Parkson Retail Asia (SGX: O9E)
Parkson Retail Asia operates and manages retail department stores in Malaysia, Vietnam, Myanmar, and Cambodia.
The group provides consultancy and management services and also operates food and beverage outlets.
For FY2025, Parkson saw revenue rise 8.3% year on year to S$67.2 million.
Net profit climbed 21.1% year on year to S$14.7 million.
Free cash flow also saw an improvement, rising 11.5% year on year to S$41.4 million for FY2025.
A special interim dividend of S$0.04 was declared and paid for 2024.
Management, however, warned that inflation and shifting consumer preferences will continue to pose challenges for the group’s operations.
Parkson will focus on improving and sustaining its performance in this tough environment.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
