Global Materials Undervalued Small Caps

KH Neochem

Market Cap: JP¥86.9b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Quaker Chemical

Market Cap: US$1.8b

Quaker Chemical Corporation, doing business as Quaker Houghton, provides industrial process fluids worldwide.

Mayr-Melnhof Karton

Market Cap: €1.5b

Manufactures and sells cartonboard and folding cartons in Germany, Austria, and internationally.

JK Paper

Market Cap: ₹52.2b

Produces and sells paper products in India.

CNMC Goldmine Holdings

Market Cap: S$174.3m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Nippon Carbide Industries

Market Cap: JP¥15.9b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Duc Giang Chemicals Group

Market Cap: ₫34.8t

Manufactures industrial products in Vietnam.

Shengda ResourcesLtd

Market Cap: CN¥9.2b

Through its subsidiaries, engages in the mining development, sales, trade, investment, and investment management businesses in China.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.2b

An investment holding company, engages in the manufacture and trading of cement and construction materials, as well as construction, road maintenance, township, and property and infrastructure development businesses in Malaysia and internationally.

Shenzhen Noposion Crop Science

Market Cap: CN¥9.3b

Researches and develops, produces, and sells agricultural inputs in China and internationally.

Asahi Yukizai

Market Cap: JP¥71.9b

Engages in the piping and foundry materials, resins, and water treatment and natural resources exploitation businesses in Japan.

Guangxi Huaxi Nonferrous MetalLtd

Market Cap: CN¥12.2b

Trades in steel, bulk commodities, and other products in China.

Afrimat

Market Cap: R8.0b

Operates as a mining and materials company primarily in the southern African region.

Orezone Gold

Market Cap: CA$569.1m

Engages in the mining, exploration, and development of gold properties.

HDC HOLDINGSLtd

Market Cap: ₩955.6b

Engages in real estate development and construction activities in South Korea.

Ningbo Exciton Technology

Market Cap: CN¥4.8b

Engages in the research and development, manufacture, and marketing of optical films and functional films in China.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹158.8b

Produces and sells fertilizers and industrial chemicals in India.

Sichuan Guoguang Agrochemical

Market Cap: CN¥7.0b

Engages in the research and development, manufacture, marketing, and distribution of agrochemical products and materials in China and internationally.

Nanjing COSMOS Chemical

Market Cap: CN¥7.0b

Engages in the research, development, production, and sale of daily chemical raw materials in China and internationally.

PILLAR

Market Cap: JP¥86.9b

Designs, develops, manufactures, and sells various fluid control equipment in Japan.

Tharisa

Market Cap: R4.0b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.

Soken Chemical & Engineering

Market Cap: JP¥24.7b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

OSAKA Titanium technologiesLtd

Market Cap: JP¥60.3b

Manufactures and sells titanium products.

Time Technoplast

Market Cap: ₹70.0b

Engages in manufacture and sale of polymer and composite products in India and internationally.

Scientex Berhad

Market Cap: RM 5.7b

An investment holding company, manufactures, markets, and sells stretch films and various flexible plastic packaging (FPP) products.

Constellium

Market Cap: US$1.6b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

Elkem

Market Cap: NOK 12.0b

Engages in the provision of advanced material solutions worldwide.

E.I.D.- Parry (India)

Market Cap: ₹148.8b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Anhui Jinhe IndustrialLtd

Market Cap: CN¥13.9b

Engages in the chemicals business in China.

Hume Cement Industries Berhad

Market Cap: RM 2.0b

An investment holding company, manufactures and sells cement, concrete, and related products in Malaysia.

Ishihara Sangyo KaishaLtd

Market Cap: JP¥68.0b

Engages in the manufacture and sale of organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally.

DKS

Market Cap: JP¥24.8b

Engages in the production and sale of surfactants, other industrial chemicals, and life sciences-related products in Japan and internationally.

I G Petrochemicals

Market Cap: ₹12.6b

Engages in the manufacture and sale of organic chemicals in India and internationally.

Zhuzhou Times New Material Technology

Market Cap: CN¥9.7b

Zhuzhou Times New Material Technology Co., Ltd.

Nam Kim Steel

Market Cap: ₫5.5t

Engages in the manufacture and sale of steel and other products in Vietnam and internationally.

Altri SGPS

Market Cap: €1.3b

Altri, SGPS, S.A. and its subsidiaries, produces and sells cellulosic fibers in Portugal and internationally.