Trump’s raft of reciprocal tariffs has chilled the stock market.
Investors are worried that these tariffs may reignite inflation, causing the US Federal Reserve to keep interest rates high.
Should rates remain high, consumer and business sentiment will take a hit, with higher costs flowing through as an additional headwind.
As a result, many stocks have fallen to their 52-week lows in response to the tariff news.
Savvy investors, however, should take a closer look at these five businesses to determine if they could be bargains that are ripe for the picking.
Riverstone Holdings (SGX: AP4)
Riverstone manufactures nitrile and natural rubber clean room gloves as well as premium nitrile gloves used in the healthcare industry.
The group owns six production facilities and has an annual production capacity of 10.5 billion gloves.
Riverstone saw its share price crash 37% year-to-date (YTD) and is trading close to its 52-week low of S$0.67.
The glove manufacturer reported a mixed set of earnings for the first quarter of 2025 (1Q 2025).
Revenue inched up 1.1% year on year to RM 252.3 million.
Gross profit, however, fell by 15.7% year on year to RM 82.2 million because of higher raw material costs and a product mix that leaned more heavily towards healthcare gloves for the quarter.
Net profit tumbled 21.8% year on year to RM 56.4 million.
The business generated a positive free cash flow of RM 42.7 million, close to 5% lower than the previous year’s RM 44.8 million.
Despite the lower profit, Riverstone proposed an interim dividend of RM 0.03.
The group is on track to commission three new healthcare production lines by the second half of 2025 (2H 2025) to expand its capacity.
CEO Wong Teek Son is also committed to pushing out customised products in both its segments to improve margins.
Japan Foods (SGX: 5OI)
Japan Foods is a Japanese restaurant chain operating 78 restaurants in Singapore under brands such as Ajisen Ramen, Osaka Ohsho, and Menya Musashi.
Shares of the restaurant chain plummeted 36% YTD and are close to their 52-week low of S$0.20.
The group reported a downbeat set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025.
Revenue dipped by 3.2% year on year to S$83.6 million while gross profit slid 3.4% year on year to S$70.7 million.
The food and beverage chain reported a net loss of S$7.9 million, significantly higher than its net loss of S$0.5 million in FY2024.
Management blamed the results on rising inflation leading to higher business costs, and also the increasing cautiousness among consumers because of economic uncertainties.
Japan Foods, however, generated a positive free cash flow of S$22.6 million for FY2025.
To navigate this environment, Japan Foods will focus on rationalising its brand portfolio and streamlining operations to manage costs.
Sim Leisure (SGX: URR)
Sim Leisure is a designer, developer, and operator of theme parks such as ESCAPE theme parks and KidZania in Singapore and Malaysia.
The group saw its share price slide 21.8% YTD to S$0.61 and has bounced off its 52-week low of S$0.56.
Sim Leisure reported a respectable set of earnings for 2024, with revenue climbing 23.9% year on year to RM 167.8 million.
Gross profit soared 43.1% year on year to RM 83.2 million.
Net profit crept up 4.6% year on year to RM 22.9 million because of higher administrative expenses and finance costs.
The business generated a positive free cash flow of RM 17.5 million for 2024.
A final dividend of RM 0.03 was paid out, similar to what was paid the year before.
Sim Leisure is in active discussions with landowners and developers for the development of ESCAPE parks in Malaysia and other parts of the world.
The group is also identifying suitable spaces to expand its ESCAPE challenge park and introduce its PlayMall Entertainment Hub concept.
Frasers Logistics & Commercial Trust (SGX: BUOU)
Frasers Logistics & Commercial Trust, or FLCT, owns a portfolio of 114 properties spread out across Singapore, Australia, the UK, Germany, and the Netherlands.
FLCT’s portfolio had assets under management (AUM) of around S$6.8 billion as of 31 March 2025.
The REIT’s unit price has declined steadily, falling 11.2% YTD to touch its 52-week low of S$0.76.
FLCT reported a mixed set of earnings for the first half of fiscal 2025 (1H FY2025) ending 31 March 2025.
Revenue rose 7.5% year on year to S$232.3 million with full contributions from Ellesmere Port and the acquisition of four German properties.
Net property income (NPI) inched up 1.6% year on year to S$161.3 million.
Distribution per unit (DPU) fell 13.8% year on year to S$0.03 because of higher finance costs.
Despite the weaker result, FLCT still maintained a high portfolio occupancy rate of 93.9%.
The REIT also registered positive rental reversions of 33% for the second quarter of fiscal 2025.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 180 properties across eight countries.
Its AUM stood at S$13.3 billion as of 31 March 2025.
MLT saw its unit price fall nearly 15% YTD and is trading close to its 52-week low of S$1.03.
The logistics REIT reported a challenging FY2025 as a variety of headwinds impacted the business.
Gross revenue dipped by 0.9% year on year to S$727 million while NPI fell by 1.5% year on year to S$625.3 million.
DPU fell 10.6% year on year to S$0.08053.
MLT was impacted by lower contributions from China, the absence of contributions from divested properties, and depreciation of regional currencies against the Singapore Dollar.
The industrial REIT maintained a high portfolio occupancy of 96.2% and also recorded a positive rental reversion of 5.1% for its portfolio for the latest quarter.
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Disclosure: Royston Yang owns shares of Frasers Logistics & Commercial Trust.
