To The Moon

Singapore’s 50 small‑ to mid‑cap stocks (SMIDs) with the highest year‑to‑date net‑institutional‑inflow‑to‑market‑cap ratios in 2026 (to Feb 6) span as many as 10 sectors, with a combined average daily turnover of S$170 million. 

The 10 SMIDs with the highest ratio maintain a collective focus on precision manufacturing and testing, engineering and environmental services, construction, logistics execution, metal fabrication and resources.

This somewhat mirrors the city‑state’s export‑oriented industrial depth, positioned for supply‑chain diversification and ongoing infrastructure demand. These 10 stocks also include four Technology names, with the broader backdrop of global supply chains pivoting toward reliability, technology upgrading and higher‑value industrial activity.

The 10 SMIDs recording the highest net‑institutional‑inflow‑to‑market‑cap ratios on a year‑to‑date basis are tabled below. 

1. $InnoTek(M14.SI)$

InnoTek has booked S$6 million in net institutional inflow since end of 2025, representing 3.3% of its Friday market cap of S$177 million. 

The long-established precision‑engineering group is undergoing a transformation into AI‑server and EV‑related components, supported by sustained profitability since 2016, yearly dividends, and a strong net‑cash position to fund expansion beyond China. It has also announced that it has secured recommended vendor status with $NVIDIA(NVDA)$ and Inspur for precision GPU‑server parts. 

2. $Frencken(E28.SI)$

Frencken Group has booked S$21 million in net institutional inflow since end of 2025, representing 2.9% of its Friday market cap of S$714 million.

RHB Research moved its target price from S$1.66 to S$2.03 on Feb 6 on robust growth outlook, strong economic fundamentals in Malaysia and Singapore, while Macquarie initiated coverage on Jan 16 with a S$1.76 target price.

In its 9MFY25 Business Update back in November, it reported its revenue was up 12.5% to S$642.8 million, supported by stronger Mechatronics performance. The Group also ended 3QFY25 with S$149.3 million in cash, S$50.3 million in borrowings and a net‑cash balance of S$99.0 million.

3. $AEM SGD(AWX.SI)$

AEM Holdings has seen steady institutional accumulation, booking S$14 million in net inflows since end‑2025, equivalent to about 2.4% of its Friday market cap.

In its 9MFY25 Business Update back in November, it reported its revenue up 16% year‑on‑year to S$287.5 million on a sustained ramp at a major AI/HPC customer and a more favourable product mix. Management also reaffirmed visibility of significantly higher AI/HPC customer revenue in FY26, with its memory‑test programme on track for first revenue in late FY26 before ramping into FY27.

4. $CSE Global(544.SI)$

CSE Global has booked S$17 million in net institutional inflow since end of 2025, representing 2.1% of its Friday market cap of S$714 million.

Going into 2026, CSE Global announced multiple new US electrification contracts alongside year‑end contract variations in the data‑centre segment, reinforcing order momentum into the new year. Management said the electrification wins underscore the Group’s engineering and systems‑integration capabilities and are expected to contribute positively over FY26 to FY28. 

Across precision manufacturing, semiconductor equipment, engineering services and industrial solutions, these four SMIDs reflect Singapore’s strengths in high‑value manufacturing and infrastructure execution, with recent fund‑flow support aligning to improving business updates and clearer multi‑year demand visibility.