While many investors may focus their attention on the blue-chip stocks, there are quite a number of smaller companies that are also doing well.
These mid-sized companies fly under the radar because they lack coverage and may not turn up on investors’ screens.
Still, such names could qualify as solid investments if they have a strong track record and catalysts that can carry the business to the next level.
We rounded up five candidates that reported better revenue and profits, and you can determine if they deserve a place within your buy watchlist.
PC Partner (SGX: PCT)
PC Partner is a global manufacturer of computer electronics, selling its own brand of products worldwide.
These products include a full range of graphics cards, motherboards, and gaming hardware.
For the first half of 2025 (1H 2025), the group saw revenue jump 28.5% year on year to HK$6.4 billion.
Gross profit improved by 19.8% year on year to HK$669.5 million, and net profit increased by 29% year on year to HK$250.4 million.
The launch of Nvidia’s (NASDAQ: NVDA) RTX 50 Series VGA cards that are based on the company’s new Blackwell architecture resulted in better gaming performance.
This launch, in turn, stimulated strong demand for gaming PC upgrades.
Management believes that this demand should continue into 2H 2025, particularly among gamers and creative professionals.
However, the limited supply of semiconductor chips could present a bottleneck for such devices and dampen PC Partner’s sales growth.
Hiap Hoe (SGX: 5JK)
Hiap Hoe is a real estate group with a diversified portfolio of hospitality, retail, commercial, and residential assets.
The group is focused on expanding its hotel and commercial assets to further diversify its portfolio.
For 1H 2025, revenue inched up 5.6% year on year to S$62 million.
Net profit soared 451.8% year on year to S$5.4 million, mainly contributed by a fair value gain in financial instruments.
The property company also generated a positive free cash flow of S$11.5 million for the half-year.
Hiap Hoe saw revenue from hotel operations increase from S$37.8 million to S$42.4 million for 1H 2025 because of higher occupancies.
However, revenue from the leisure business dipped slightly to S$5.3 million because of the closure of a bowling centre at HomeTeamNS-JOM.
Management will focus on improving rental yields and occupancy rates of its properties to boost its recurring income stream.
While the hospitality industry is expected to remain resilient, the group warned of higher costs that may crimp profits.
The group’s investment portfolios may also be impacted by market volatility.
Frencken Group (SGX: E28)
Frencken is a global technology solutions company serving customers in the aerospace, analytical life sciences, automotive, healthcare, and industrial sectors.
1H 2025 saw a respectable financial performance for the group.
Revenue rose 15.7% year on year to S$431.4 million, while gross profit increased by 10.2% year on year to S$60.9 million.
Net profit improved by nearly 10% year on year to S$19.9 million.
Free cash flow for the half year shot up 558% year on year from S$2.3 million to S$14.9 million.
Management expects 2H 2025’s revenue to remain stable compared with 1H 2025.
In particular, the industrial automation division should see higher half-on-half revenue, but the analytical life sciences will witness a decline.
In the middle of August, Frencken held a groundbreaking ceremony at the site of its upcoming new manufacturing facility in Kaki Bukit Avenue 5 in Singapore.
Once completed in 1Q 2027, it will strengthen the group’s Mechatronics division through innovation and advanced engineering.
Golden Agri-Resources (SGX: E5H)
Golden Agri-Resources, or GAR, is an integrated agribusiness that manages an oil palm plantation of around 534,000 hectares in Indonesia as of 30 June 2025.
GAR’s products, such as crude palm oil (CPO), are sold to a diversified customer base in over 110 countries, and the group also has complementary businesses such as soybean-based products in China and sunflower-based products in India.
For 1H 2025, the group reported a 20% year-on-year jump in revenue to US$6.2 billion.
Gross profit increased by 29% year on year to US$869 million, while underlying net profit improved by 23% year on year to US$232 million.
The robust results were driven by higher plantation output along with CPO price appreciation.
Palm oil output is expected to recover in 2025 and should be absorbed by sustained demand growth.
GAR is targeting capital expenditure of US$350 million for replanting, expansion of downstream processing plants, and enhancement of downstream facilities.
Banyan Tree Holdings (SGX: B58)
Banyan Tree is a global hospitality company with an extensive portfolio spanning 93 hotels and resorts, over 140 spas and galleries, and 20 branded residences.
1H 2025 saw revenue rise 15% year on year to S$206.1 million, with growth registered across all of the group’s business segments.
Core operating profit improved from S$33.2 million to S$39.4 million.
Net profit stood at S$9 million, up 45% year on year.
Banyan Tree signed 10 new management contracts in 1H 2025 across countries such as Vietnam, Cambodia, and China.
For China, the group has grown its portfolio to 34 hotels across five brands, and plans to open five new properties this year.
For branded residences, the group unveiled two new projects in 1H 2025 in Europe and Phuket, Thailand.
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Disclosure: Royston does not own shares in any of the companies mentioned.
