Global Undervalued Small Caps

Hallenstein Glasson Holdings

Market Cap: NZ$606.6m

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

Zhejiang Xidamen New MaterialLtd

Market Cap: CN¥3.0b

Engages in the research and development, design, production, and sale of indoor and outdoor light and heat block, anti-dust, anti-UV, and energy saving products in China.

Viva Biotech Holdings

Market Cap: HK$4.1b

An investment holding company, engages in the provision of structure-based drug discovery services to biotechnology and pharmaceutical customers worldwide.

Sercomm

Market Cap: NT$24.8b

Engages in the provision of integrated networking and telecom solutions, and equipment in North America, Europe, Latin America, South Asia, Taiwan, China, the Asia-Pacific, and Asia.

Vision

Market Cap: JP¥59.3b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.

Meeka Metals

Market Cap: AU$471.3m

Engages in the exploration and development of gold properties in Western Australia.

DIP

Market Cap: JP¥107.6b

Engages in the human resources service business in Japan.

Baby Bunting Group

Market Cap: AU$199.0m

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

Solusi Sinergi Digital

Market Cap: Rp12.4t

Engages in the advertising businesses in Indonesia.

Shenzhen Highpower Technology

Market Cap: CN¥6.9b

Engages in the research, design, development, manufacture, and sale of lithium-ion and nickel-metal hydride (Ni-MH) batteries in China and internationally.

Beauty Farm Medical and Health Industry

Market Cap: HK$5.1b

Beauty Farm Medical and Health Industry Inc.

ChemoMetec

Market Cap: DKK 5.3b

Engages in the development, production, and sale of analytical equipment for cell counting and analysis the United States, Canada, Europe, and internationally.

Wacker Neuson

Market Cap: €1.3b

Manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally.

Hexaom

Market Cap: €236.4m

Engages in the land and real estate development, construction, and renovation businesses in France.

Pinewood Technologies Group

Market Cap: UK£242.3m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.

Castings

Market Cap: UK£102.2m

Engages in the iron casting and machining activities in the United Kingdom, Germany, Sweden, the Netherlands, rest of Europe, North and South America, and internationally.

JAKKS Pacific

Market Cap: US$253.7m

Designs, produces, markets, sells, and distributes toys and related products, consumer and electronic products, kids indoor and outdoor furniture, costumes, and sporting goods and home furnishings space products worldwide.

Multiconsult

Market Cap: NOK 4.5b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Northeast Bank

Market Cap: US$1.1b

Provides various banking services to individual and corporate customers in Maine.

Instalco

Market Cap: SEK 9.3b

Provides planning and installation services in the electrical, heating and plumbing, ventilation, technical, consulting, and industrial areas in Sweden and rest of the Nordics.

United Bankers Oyj

Market Cap: €204.9m

Provides investment products and services in Finland and Sweden.

Craneware

Market Cap: UK£485.4m

Develops, licenses, and supports computer software for the healthcare industry in the United States.

SMCP

Market Cap: €439.3m

Operates as an apparel and accessories retail company in France and internationally.

Edil San Felice

Market Cap: €87.6m

Engages in the civil and industrial construction business in Italy.

Progyny

Market Cap: US$1.3b

A benefits management company, provides fertility, family building, and women’s health benefits solutions in the United States.

Hostelworld Group

Market Cap: UK£125.1m

Operates as an online travel agent focused on the hostel market worldwide.

Cerillion

Market Cap: UK£428.3m

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.

Verkkokauppa.com Oyj

Market Cap: €153.9m

Operates as an online retailer in Finland.

Heliopolis for Housing & Development

Market Cap: ج.م22.0b

Engages in the real estate development business in Egypt.

Cogna Educação

Market Cap: R$6.4b

Operates as an educational organization in Brazil and internationally.

Moura Dubeux Engenharia

Market Cap: R$3.4b

Provides real estate development services in Brazil.

Caledonia Mining

Market Cap: US$480.7m

Primarily operates a gold mine in Jersey.

LendingClub

Market Cap: US$1.7b

Operates as a bank holding company, that provides range of financial products and services in the United States.

Pantoro Gold

Market Cap: AU$1.5b

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

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Market Cap: ₺17.5b

Operates in the construction chemicals sector in Turkey and internationally.

Marimekko Oyj

Market Cap: €428.3m

A lifestyle design company, designs, manufactures, and sells clothing, bags and accessories, and interior decoration products worldwide.