Global Undervalued Small Caps

Grupo Herdez. de

Market Cap: Mex$23.8b

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

Rio2

Market Cap: CA$1.7b

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

Startia HoldingsInc

Market Cap: JP¥26.2b

Engages in the IT business in Japan and internationally.

NISSO HOLDINGS

Market Cap: JP¥23.4b

Provides human resources solutions services in Japan.

QB Net HoldingsLtd

Market Cap: JP¥18.3b

Operates in the hair cutting business in Japan, Hong Kong, Singapore, Vietnam, Malaysia, Canada, Taiwan, the United States, and internationally.

Fleetwood

Market Cap: AU$253.7m

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

Tokyo Electron Device

Market Cap: JP¥107.4b

A technology trading company, engages in the electronic components and computer networks businesses worldwide.

Timee

Market Cap: JP¥136.2b

Plans, develops, and operates a part-time job platform in Japan.

SHIFT

Market Cap: JP¥187.0b

Provides software quality assurance and testing solutions in Japan.

System Support Holdings

Market Cap: JP¥28.1b

Engages in the planning, development, operation, and maintenance of IT systems in Japan and North America.

TOKYO BASELtd

Market Cap: JP¥17.8b

Provides clothing products in Japan.

Duk San NeoluxLtd

Market Cap: ₩959.2b

Develops and manufactures OLED materials for display industry in South Korea.

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.

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.

AlicorpA

Market Cap: S/6.6b

Provides massive consumption and B2B products in Peru and internationally.

AcrobiosystemsLtd

Market Cap: CN¥8.7b

Engages in the development and manufacture of recombinant proteins, antibodies, and other biological reagents for pharmaceutical and biotechnology companies, and scientific research institutions.

Shenzhen Sinexcel ElectricLtd

Market Cap: CN¥12.3b

Provides energy internet core power equipment and solutions in China and internationally.

HealthcareLtd

Market Cap: CN¥5.1b

Provides memory foam mattresses and other home 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.

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.

LBS Bina Group Berhad

Market Cap: RM 605.5m

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

Beauty Farm Medical and Health Industry

Market Cap: HK$6.5b

Beauty Farm Medical and Health Industry Inc.

Akums Drugs and Pharmaceuticals

Market Cap: ₹68.8b

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

Jana Small Finance Bank

Market Cap: ₹37.8b

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

PPC

Market Cap: R9.4b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Paxman

Market Cap: SEK 1.1b

Develops and sells Paxman scalp cooling system to minimize hair loss in connection with chemotherapy treatment worldwide.

Kinepolis Group

Market Cap: €711.5m

Operates and manages cinemas in Belgium, France, Canada, Spain, the Netherlands, the United States, Luxembourg, and internationally.

Lime Technologies

Market Cap: SEK 3.3b

Provides software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region.

Verkkokauppa.com Oyj

Market Cap: €173.5m

Operates as an online retailer in Finland.

Cerillion

Market Cap: UK£497.3m

Engages in the provision of software for billing, charging, and customer relationship management to the telecommunications sector in the United Kingdom, Europe, the Middle East and Africa, the Americas, and the Asia Pacific.

SMCP

Market Cap: €475.1m

Operates as a ready-to-wear and accessories retail company in France and internationally.

Synsam

Market Cap: SEK 9.3b

Operates in the optical retail and eye health sector in the Nordic Region.

Heliopolis for Housing & Development

Market Cap: ج.م14.5b

Engages in the real estate development business in Egypt.