Global Undervalued Small Caps

Anhui Jinhe IndustrialLtd

Market Cap: CN¥12.8b

Engages in the research and development, production, and sales of food additives, daily chemical flavors, bulk chemicals, and intermediates.

Fleetwood

Market Cap: AU$253.7m

Designs, manufactures, sells, and installs modular accommodation and buildings in Australia and New Zealand.

Evergreen Aviation Technologies

Market Cap: NT$59.7b

Provides aircraft maintenance services to airline partners in Taiwan and internationally.

Polar Capital Holdings

Market Cap: UK£607.0m

Polar Capital Holdings plc is a publicly owned investment manager.

Amoy Diagnostics

Market Cap: CN¥8.3b

Engages in research and development, production, sale, and supporting services of tumor precision medical diagnostic products in China and internationally.

Rio2

Market Cap: CA$1.7b

Engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile.

Norwood Financial

Market Cap: US$290.7m

Operates as the bank holding company for Wayne Bank that provides various banking products and services in the United States.

Pennant Group

Market Cap: US$976.2m

Provides healthcare services in the United States.

South Plains Financial

Market Cap: US$697.4m

Operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals.

AlicorpA

Market Cap: S/6.7b

Provides massive consumption and B2B products in Peru and internationally.

Grupo Herdez. de

Market Cap: Mex$23.8b

A food company, provides processed food in Mexico and internationally.

Hallenstein Glasson Holdings

Market Cap: NZ$589.3m

Operates as a retailer of men’s and women’s clothing in New Zealand and Australia.

Zeria Pharmaceutical

Market Cap: JP¥90.8b

Manufactures, sells, imports, and exports pharmaceuticals, non-pharmaceutical products, veterinary pharmaceuticals, agricultural and industrial chemicals, and reagents in Japan and internationally.

VITZROCELLLtd

Market Cap: ₩932.9b

Engages in the production and sale of lithium batteries in South Korea.

Kidswant Children ProductsLtd

Market Cap: CN¥13.7b

Engages in the retail of maternal, infant, and child products in China.

Newborn Town

Market Cap: HK$15.2b

An investment holding company, engages in the social networking business worldwide.

Max Estates

Market Cap: ₹62.0b

Develops and constructs residential and commercial properties.

Baby Bunting Group

Market Cap: AU$295.2m

Engages in the retail of maternity and baby goods in Australia and New Zealand.

Marksans Pharma

Market Cap: ₹81.6b

Engages in the research, manufacturing, marketing, and sale of pharmaceutical formulations in the United States, North America, Europe, the United Kingdom, Australia, New Zealand, and internationally.

Alivus Life Sciences

Market Cap: ₹116.3b

Develops, manufactures, and markets active pharmaceutical ingredients in India, Japan, Europe, North and Latin America, and internationally.

Kossan Rubber Industries Bhd

Market Cap: RM 2.5b

An investment holding company, manufactures and sells latex disposable gloves in Malaysia and internationally.

China Catalyst Holding

Market Cap: CN¥5.1b

Engages in the research and development, production, and sale of zeolite catalyst, customized process package solutions, and fine chemicals in China and internationally.

Sercomm

Market Cap: NT$24.8b

Researches, develops, manufactures, and sells networking communication software and equipment in North America, Europe, and the Asia Pacific.

DIP

Market Cap: JP¥108.0b

Engages in the human resources service business in Japan.

Pantoro Gold

Market Cap: AU$1.9b

Engages in the gold mining, processing, and exploration activities in Western Australia.

Rakus

Market Cap: JP¥306.7b

Provides cloud services in Japan.

Aucnet

Market Cap: JP¥92.5b

A circular market design company, engages in online auctions and various distribution businesses for goods, flowers, used motorcycles, used medical equipment, etc.

Zhejiang Runtu

Market Cap: CN¥13.8b

Engages in the production and sale of dyes in China.

Beauty Farm Medical and Health Industry

Market Cap: HK$6.5b

Beauty Farm Medical and Health Industry Inc.

Qingdao Baheal Medical

Market Cap: CN¥12.3b

Engages in the research and development, production, wholesale, and retail of pharmaceutical products in China, the United States, Hong Kong, and the United Kingdom.

Akums Drugs and Pharmaceuticals

Market Cap: ₹68.8b

Manufactures and sells pharmaceutical products and active pharmaceutical ingredients India and internationally.

LBS Bina Group Berhad

Market Cap: RM 605.5m

An investment holding company, primarily engages in property development business in Malaysia and Saudi Arabia.

Hua Yu Lien Development

Market Cap: NT$10.3b

Engages in the real estate business in Taiwan.

Sunonwealth Electric Machine Industry

Market Cap: NT$40.6b

Researches, manufactures and sells precision motors and cooling fans worldwide.

Jana Small Finance Bank

Market Cap: ₹37.8b

Provides banking and financial services to individuals and enterprises in India.

Orinko Advanced PlasticsLTD

Market Cap: CN¥6.7b

Researches, develops, produces, and sells polymer modified materials in China.