Global Undervalued Small Caps

Aucnet

Market Cap: JP¥91.2b

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

Zeria Pharmaceutical

Market Cap: JP¥90.6b

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

Itoki

Market Cap: JP¥128.1b

Plans, designs, manufactures, and sells office furniture in Japan and internationally.

Hua Yu Lien Development

Market Cap: NT$10.3b

Engages in the real estate business in Taiwan.

Shoei

Market Cap: JP¥87.8b

Manufactures and sells motorcycle helmets for general public and government agencies under the SHOEI brand worldwide.

Pantoro Gold

Market Cap: AU$1.9b

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

Sunonwealth Electric Machine Industry

Market Cap: NT$39.0b

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

Shenzhen Highpower Technology

Market Cap: CN¥6.6b

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

Luoyang Jianlong Micro-nano New Material

Market Cap: CN¥3.4b

Engages in the manufacture and sale of molecular sieves in China.

Baby Bunting Group

Market Cap: AU$311.4m

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

DIP

Market Cap: JP¥108.4b

Engages in the human resources service business in Japan.

Sercomm

Market Cap: NT$24.7b

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

Newborn Town

Market Cap: HK$14.9b

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

Qingdao Baheal Medical

Market Cap: CN¥12.1b

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

Jana Small Finance Bank

Market Cap: ₹36.7b

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

Alivus Life Sciences

Market Cap: ₹113.2b

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

Beauty Farm Medical and Health Industry

Market Cap: HK$6.5b

Beauty Farm Medical and Health Industry Inc.

LBS Bina Group Berhad

Market Cap: RM 620.8m

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

Kossan Rubber Industries Bhd

Market Cap: RM 2.6b

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

Akums Drugs and Pharmaceuticals

Market Cap: ₹67.2b

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

Marksans Pharma

Market Cap: ₹74.6b

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.

VITZROCELLLtd

Market Cap: ₩906.2b

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

Hallenstein Glasson Holdings

Market Cap: NZ$589.3m

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

Max Estates

Market Cap: ₹61.3b

Develops and constructs residential and commercial properties.

Orinko Advanced PlasticsLTD

Market Cap: CN¥6.6b

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