Global Undervalued Small Caps

Regina Miracle International (Holdings)

Market Cap: HK$2.9b

An investment holding company, designs, manufactures, and trades in a range of intimate wear and sports products.

Bermaz Auto Berhad

Market Cap: RM 887.4m

An investment holding company, distributes and retails of completely built-up Mazda, Kia, XPeng, and Deepal vehicles in Malaysia and the Philippines.

Duc Giang Chemicals Group

Market Cap: ₫28.1t

Manufactures industrial products in Vietnam.

Aurora Design

Market Cap: ฿17.4b

Trades gold jewelry in Thailand.

BBGI

Market Cap: ฿4.3b

Manufactures and distributes biofuel and related products primarily in Thailand.

TQM Alpha

Market Cap: ฿7.1b

Engages in the insurance brokerage business in Thailand.

B&S Group

Market Cap: €492.4m

Distributes consumer goods worldwide.

Stove Kraft

Market Cap: ₹16.1b

Manufactures and trades in kitchen and home appliances in India and internationally.

Civmec

Market Cap: AU$856.2m

An investment holding company, provides construction and engineering services to the energy, resources, infrastructure, marine, and defense sectors in Australia.

Count

Market Cap: AU$184.2m

Provides accounting, business advisory, and financial planning services in Australia.

Mota-Engil SGPS

Market Cap: €1.4b

Provides public and private construction works and related services in Europe, Africa, and Latin America.

Ependion

Market Cap: SEK 3.5b

Provides digital solutions for secure control, management, visualization, and data communication for industrial applications.

Palfinger

Market Cap: €1.4b

Produces and sells crane and lifting solutions in Austria and internationally.

Sogeclair

Market Cap: €87.1m

Provides engineering and production services to the aeronautics, space, civil and military transport in France.

Atea

Market Cap: NOK 17.7b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

EXEL Industries

Market Cap: €261.1m

Engages in the manufacture and sale of agricultural spraying equipment in France and internationally.

Gujarat Pipavav Port

Market Cap: ₹80.2b

Engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India.

Ajax Engineering

Market Cap: ₹55.7b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Signatureglobal (India)

Market Cap: ₹121.2b

Operates as a real estate development company in India.

Angler Gaming

Market Cap: €225.0m

Invests in companies that offer gaming services through the internet in Malta.

Nyab

Market Cap: SEK 4.3b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

Vermilion Energy

Market Cap: CA$1.9b

An oil and gas producer, focuses on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia.

Heritage Financial

Market Cap: US$902.7m

Operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States.

CareRx

Market Cap: CA$248.0m

Provides pharmacy services to senior homes and other congregate care settings in Canada.

RVRC Holding

Market Cap: SEK 5.8b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, and internationally.

Pacific Lime and Cement

Market Cap: AU$253.3m

An investment holding company, engages in the exploration and evaluation of mineral resources.

MAX Automation

Market Cap: €184.4m

Engages in the provision of automation solutions for the automotive, electrical, recycling, raw materials recovery, packaging, and medical technology industries.

Taoka Chemical Company

Market Cap: JP¥21.7b

Manufactures and sells chemicals, functional materials, and resin additives in Japan and internationally.

TRANSACTIONLtd

Market Cap: JP¥68.0b

Plans, designs, manufactures, and sells miscellaneous goods to companies and individuals in Japan and internationally.

Meridian

Market Cap: US$210.9m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

Deceuninck

Market Cap: €328.3m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.

Consun Pharmaceutical Group

Market Cap: HK$15.0b

Researches and develops, manufactures, and sells Chinese medicines and medical contrast medium products in the People’s Republic of China.

China Beststudy Education Group

Market Cap: HK$2.6b

Provides after-school education services for K-12 student groups in China.

VSTECS Holdings

Market Cap: HK$11.6b

An investment holding company, develops information technology IT product channel and provides technical solution integration services in North Asia and Southeast Asia.

Zylox-Tonbridge Medical Technology

Market Cap: HK$8.8b

A medical device company, provides neuro- and peripheral-vascular interventional medical devices in the People’s Republic of China and internationally.

APT Electronics

Market Cap: HK$1.4b

Manufactures and sells intelligent vision products and system solutions in Mainland China and internationally.