Small to Mid-Cap Stocks Booking Highest Net Institutional Inflows in 3Q25

In the first five weeks of 3Q25 through August 7, institutions net bought S$130.0 million worth of Singapore-listed stocks.Over 90 stocks with market capitalisations above S$1 billion accounted for S$95.4 million of this inflow, though that represented just 0.01 per cent of their combined S$845 billion market value. Meanwhile, stocks with market capitalisations below S$100 million saw a combined net institutional outflow of S$7.7 million.Sitting between these two tranches of market capitalisation were 161 stocks, that span all sectors, with market capitalisations from S$100 million to S$1 billion and a combined value of S$54 billion. The segment of 161 stocks booked S$42.3 million in net institutional inflow, representing 0.08 per cent of its combined market capitalisation—eight times the net inflow rate of the large-cap group when adjusted for size. Just over a quarter of these 161 stocks belong to the Industrials Sector which booked the most net institutional inflow over the period, with the Technology Sector a close second. Frencken Group, CSE Global, and Wee Hur Holdings booked the highest net institutional inflows among Singapore-listed stocks during the period. Proportionate the market capitalisation, CSE Global, and Frencken Group also led the highest net institutional inflows along with Envictus International. The table details the stocks with market capitalisations from S$100 million to S$1 billion that booked the highest net institutional inflow proportionate to market capitalisation in the first five weeks of 3Q25 through August 7. Envictus International In the first five weeks of 3Q25, Envictus International booked S$4.3 million of net institutional inflow, which represented 4.1 per cent of its S$105 million market capitalisation as of August 7. The stock maintains a 29 per cent ROE and Price-to-Earnings (P/E) ratio of 7x. The established F&B Group listed on Catalist in 2004 and upgraded to the Mainboard in 2009. As reported on May 9, Envictus International recorded a net profit of RM16.1 million for its 1HFY25 (ended Mar 31), driven by 17.7 per cent revenue growth to RM369.8 million. This was led by strong gains in its Food Services Division, particularly from Texas Chicken. Gross profit margin also improved to 44.7 per cent, supported by broad-based sales growth, operational efficiency, and market expansion across all divisions.On July 29, Venice Concepts Sdn Bhd entered into a Sale and Purchase Agreement with JAG Capital Holdings Sdn Bhd to acquire 85,170,779 ordinary shares in Envictus International Holdings. This represented 28.0 per cent of the outstanding shares of the company. Venice Concepts Sdn Bhd is a wholly owned subsidiary of Paramount Corporation Bhd, listed on Bursa Malaysia. The acquisition supports Paramount Corporation Bhd’s strategy to expand its footprint in the F&B sector.CSE Global In the first five weeks of 3Q25, CSE Global booked S$16.5 million of net institutional inflow, which represented 3.3 per cent of its S$497 million market capitalisation as of August 7. At the same time, the stock rallied 23 per cent, while analysts at UOB Kay Hian Research and Maybank Investment Banking Group increased their target price on the stock. The 23 per cent gain extended the rally from the end of May to 64 per cent as of August 7. The gains since end-May have lifted the P/E ratio of the leading systems integrator and global provider of electrification, communications, and automation solutions from 11x to 17x. On August 6, CSE Global announced it had secured S$211.3 million in new orders for 2QFY25 (ended June 30), reflecting a 3.8 per cent increase from 2QFY24 (or 7.8 per cent on a constant currency basis). The Group highlighted that the electrification segment remained the largest contributor, mainly due to higher demand from the data centre market. This saw the Group close 1HFY25 with an order book of S$573.8 million. Back on May 14, CSE Global reported its 1QFY25 revenue increased 4.0 per cent from 1QFY24 to S$205.5 million, primarily driven by the communications and automation segments in the Americas region. This follows its FY24 revenue reaching a new high of S$861.2 million, which was up 18.8 per cent from FY23, and mainly driven by the electrification and automation segments. CSE Global maintains that electrification, communications and automation will remain its core business focus areas, while it continually expands its engineering capabilities and technology solutions to adapt to evolving market demands. The Group also believe the urbanisation, electrification, decarbonisation, and artificial intelligence megatrends present significant growth opportunities. Frencken Group In the first five weeks of 3Q25, Frencken Group booked S$20.3 million of net institutional inflow, which represented 2.8 per cent of its S$713 million market capitalisation as of August 7. Over the period the share price of Frencken Group rallied 35 per cent, while analysts from DBS Group Research and CGS International and Maybank Investment Banking Group increased their target price on the stock. Phillip Capital also initiated coverage in July. The global technology solutions provider to leading multinationals across aerospace, life sciences, automotive, healthcare, industrial, and semiconductor sectors will release its 1HFY25 results (ended June 30) on August 14. On June 3, Frencken Group’s subsidiary ETLA Limited entered into a land lease agreement with Jurong Town Corporation to develop a new manufacturing facility in Singapore, aimed at expanding and consolidating its Mechatronics operations while enhancing capacity, efficiency, and long-term growth potential. The Group maintains the new facility will boost productivity and expand capacity, particularly for larger cleanrooms—to support program transfers from Europe and scale up its business with key wafer fabrication equipment customers.Back on 20 May, Frencken Group reported its 1QFY25 (ended March 31) revenue rose 11.5 per cent from 1QFY24 to S$215.8 million, driven by stronger contributions from its Mechatronics Division, while net profit grew 12.0 per cent to S$10.0 million on improved operating leverage and a higher gross margin of 14.8 per cent. Singapore Stocks with Mkt Cap S$100 million to S$1 billion with highest QTD NIF/Mkt Cap, as of Aug 7 closeSGX CodeYTD Average Daily Turnover S$MMkt Cap S$MQTD Net Institutional Inflow (NIF) S$MQTD NIF / Mkt CapQTD Total Return %ENVICTUS INTERNATIONAL HLDGBQD0.061054.34.1%5CSE GLOBAL5441.9249716.53.3%23FRENCKEN GROUPE283.8071320.32.8%35GRAND VENTURE TECHNOLOGYJLB0.863148.42.7%-3CNMC GOLDMINE HOLDINGS5TP1.142194.52.1%29WEE HUR HOLDINGSE3B3.6363911.31.8%46RH PETROGAST131.681562.21.4%11OKP HOLDINGS5CF0.393133.71.2%19REX INTERNATIONAL HOLDING5WH5.262593.01.2%13SAMUDERA SHIPPING LINES561.135605.51.0%25KIMLY1D00.164603.80.8%14AZTECH GLOBAL8AZ0.885214.10.8%21VALUETRONICS HOLDINGSBN20.583252.40.7%10GEO ENERGY RESOURCESRE42.235313.80.7%12HIAP SENG INDUSTRIES1L20.301430.90.7%357UNION GAS HOLDINGS1F20.051300.80.6%26MERMAID MARITIME PUBLIC CODU40.492291.20.5%7APAC REALTYCLN0.112221.10.5%33GRCS3N0.711860.90.5%41SOILBUILD CONSTRUCTION GPV5Q0.072441.20.5%69PARKSON RETAIL ASIAO9E0.781270.60.5%103HEETON HOLDINGS5DP0.021320.60.5%2PAN-UNITED CORPORATIONP520.407683.20.4%29OILTEK INTERNATIONALHQU0.644421.70.4%87CHINA AVIATION OIL(S) CORPG920.769723.60.4%24TIONG WOON CORP HOLDINGBQM0.111810.60.3%25CHINA SUNSINE CHEM HLDGSQES0.376912.20.3%33LEY CHOON GROUP HLDGQ0X0.281330.30.2%28PRIME US REITOXMU0.602960.70.2%10FIRST REAL ESTATE INV TRUSTAW9U0.405681.30.2%2MARCO POLO MARINE5LY0.572210.50.2%28UNITED HAMPSHIRE US REITODBU0.223570.70.2%4THAKRAL CORPORATIONAWI0.161810.30.2%4BAKER TECHNOLOGYBTP0.031130.20.17%2HOCK LIAN SENG HOLDINGSJ2T0.122230.40.16%4ACROPHYTE HOSPITALITY TRUSTXZL0.192200.30.15%12OLD CHANG KEE5ML0.021320.20.13%8TAI SIN ELECTRIC5000.062550.30.10%33MONEYMAX FINANCIAL SERVICESLTD5WJ0.032700.30.10%9FAR EAST ORCHARDO100.105890.50.09%18HG METAL MANUFACTURINGBTG0.051090.10.09%5YOMA STRATEGIC HOLDINGSZ590.992230.20.08%8LOW KENG HUAT (SINGAPORE)F1E0.033250.20.08%33ZHENENG JINJIANG ENV HLDG COBWM0.066470.40.07%0PENGUIN INTERNATIONALBTM0.002620.20.07%8YHI 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REITBMGU0.012210.00.00%-3QAFQ010.105120.00.00%-1CORTINA HOLDINGSC410.006240.00.00%19VALUEMAX GROUPT6I0.086780.00.00%20SRI TRANG AGRO-INDUSTRY PCLNC20.028600.00.00%19HAI LECK HOLDINGSBLH0.011220.00.00%0SRI TRANG GLOVES (THAILAND) PCLSTG0.006730.00.00%7HELENS INTL HOLDINGS COHLS0.006450.00.00%4PROSPERCAP CORPORATIONPPC0.001410.00.00%-2UNITED OVERSEAS AUSTRALIAEH50.008490.00.00%11ISEC HEALTHCARE40T0.002070.00.00%3NSLN020.082840.00.00%4SINOSTAR PEC HOLDINGSC9Q0.021410.00.00%-7KSH HOLDINGSER00.071540.00.00%4BUND CENTER INVESTMENTBTE0.013040.00.00%11RESOURCES GLOBAL DEVELV7R0.001030.00.00%2MALAYSIA SMELTING CORP BHDNPW0.013150.00.00%0TUAN SING HOLDINGST240.273560.00.00%6COMBA TELECOM SYSTEMS HLDGSLTDSTC0.002950.00.00%2AZEUS SYSTEMS HOLDINGSBBW0.044800.00.00%1HAFARY HOLDINGS5VS0.012070.00.00%3217LIVE GROUP LVR0.041790.00.00%-3HIAP HOE5JK0.032610.00.00%5TALKMED GROUP5G30.026050.00.00%0MULTI-CHEMAWZ0.052960.0-0.01%5OXLEY HOLDINGS5UX0.214680.0-0.01%22JUMBO GROUP42R0.031620.0-0.01%4GP INDUSTRIESG200.022350.0-0.01%3GSH CORPORATIONBDX0.013370.0-0.01%8DEL MONTE PACIFICD030.021570.0-0.01%33STRACO CORPORATIONS850.013590.0-0.01%1MEWAH INTERNATIONAL INCMV40.01398-0.1-0.01%0BONVESTS HOLDINGSB280.01400-0.1-0.01%11ASPIAL CORPORATIONA300.011550.0-0.02%1NEW TOYO INT HLDGSN080.011140.0-0.02%2ASPIAL LIFESTYLE5UF0.05247-0.1-0.02%4ISDN HOLDINGSI070.341790.0-0.03%29HRNETGROUPCHZ0.07690-0.2-0.03%3FORTRESS MINERALSOAJ0.011100.0-0.03%7CHUAN HUP HOLDINGSC330.011550.0-0.03%3HYPHENS PHARMA INTL1J50.021050.0-0.03%5SINGAPURA FINANCES230.011130.0-0.03%6Q & M DENTAL GROUP (S)QC70.33393-0.1-0.03%-7CREDIT BUREAU ASIATCU0.05318-0.1-0.04%5ELITE UK REITMXNU0.12364-0.2-0.04%8MYPF860.02137-0.1-0.05%79HONG FOK CORPORATIONH300.29664-0.3-0.05%10STRAITS TRADING COS200.16736-0.4-0.05%4SPINDEX INDUSTRIES5640.01153-0.1-0.06%22ASIAN PAY TELEVISION TRUSTS7OU0.05173-0.1-0.06%12OUE HEALTHCARE5WA0.01116-0.1-0.08%8CHINA EVERBRIGHT WATERU9E0.07715-0.6-0.08%4VIBRANT GROUPBIP0.05111-0.1-0.09%72SING HOLDINGS5IC0.04164-0.2-0.11%15BRC ASIABEC0.17996-1.1-0.11%17HOTUNG INVESTMENT HLDGSBLS0.03143-0.2-0.11%13DELFIP340.34538-0.7-0.13%17KOH BROTHERS GROUPK750.10128-0.2-0.13%48SASSEUR REITCRPU0.45860-1.2-0.14%7SIIC ENVIRONMENT HOLDINGSBHK0.03443-0.6-0.14%10WINKING STUDIOSWKS0.02114-0.2-0.15%16METRO HOLDINGSM010.05357-0.6-0.16%14COSCO SHIPPING INTL(S) COF830.50551-0.9-0.16%1NAM LEE PRESSED METAL INDSG0I0.10113-0.2-0.17%12LHN41O1.00359-0.6-0.17%24OCEANUS GROUP5790.07155-0.3-0.21%20IREIT GLOBALUD1U0.24397-0.9-0.22%2CIVMECP9D0.15503-1.1-0.22%11BOUSTEAD SINGAPOREF9D0.67806-2.0-0.25%15JB FOODSBEW0.02159-0.4-0.26%6GRAND BANKS YACHTSG500.03103-0.3-0.27%7KEPPEL PACIFIC OAK US REITCMOU0.30282-0.9-0.32%-4KINGSMEN CREATIVES5MZ0.03103-0.3-0.32%32DIGITAL CORE REITDCRU2.11851-3.0-0.35%0BANYAN TREE HOLDINGSB580.37594-2.2-0.37%61CDL HOSPITALITY TRUSTSJ851.63996-3.7-0.38%3MICRO-MECHANICS (HOLDINGS)5DD0.06256-1.0-0.38%14NAM CHEONG1MZ1.41271-1.2-0.45%44SINGAPORE SHIPPING CORPS190.03116-0.6-0.48%4NANOFILM TECHNOLOGIES INTLMZH1.09479-2.4-0.50%14NORDIC GROUPMR70.02155-0.9-0.55%15PROCURRI CORPORATIONBVQ0.03104-0.7-0.63%2DAIWA HOUSE LOGISTICS TRUSTDHLU0.20402-2.7-0.68%2LIPPO MALLS INDO RETAIL TRUSTD5IU0.04123-0.8-0.69%23MANULIFE US REITBTOU0.45146-1.4-0.97%-5SUNPOWER GROUP5GD0.07195-2.4-1.23%-2AEM HOLDINGSAWX4.65492-8.2-1.66%5LUM CHANG CREATIONSLCC1.05121-2.1-1.72%0INFO-TECH SYSTEMSITS1.19218-4.9-2.26%0PSC CORPORATIONDM00.21218-25.7-11.80%11Inside Insights is a weekly column on The Business Times, read the original version.Enjoying this read?Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.Stay up-to-date with our SGX Invest Telegram and WhatsApp channels.