Global Undervalued Small Caps

PI Advanced Materials

Market Cap: ₩481.9b

Engages in the manufacture and sale of polyimide-based materials in South Korea.

Dhanuka Agritech

Market Cap: ₹56.6b

Operates as an agro-chemical company in India.

MotorCycle Holdings

Market Cap: AU$184.5m

Owns and operates motorcycle dealerships in Australia.

Seng Fong Holdings Berhad

Market Cap: RM 588.1m

An investment holding company, processes and sells natural rubber to tyre manufactueres in Malaysia, rest of Asia, Europe, and Oceania.

Edifier Technology

Market Cap: CN¥11.9b

Designs, produces, and sells audio equipment in China.

Sunonwealth Electric Machine Industry

Market Cap: NT$25.7b

Manufactures and sells precision motors and thermal solutions worldwide.

gremzInc

Market Cap: JP¥55.9b

Engages in energy cost solution, smart house, and electricity retailing businesses in Japan.

TK Group (Holdings)

Market Cap: HK$1.8b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

Shanghai Liangxin ElectricalLTD

Market Cap: CN¥9.5b

Research, develops, produces, and sells low-voltage electrical apparatus in China and internationally.

Jiangsu Shentong Valve

Market Cap: CN¥5.6b

Researches, develops, produces, and sells special valves in China and internationally.

Viva Biotech Holdings

Market Cap: HK$3.0b

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

Tokuyama

Market Cap: JP¥203.4b

Produces and sells various chemical products in Japan.

Asia Pile Holdings

Market Cap: JP¥34.3b

Through its subsidiaries, engages in the foundation construction business in Japan and Vietnam.

Shinfox Energy

Market Cap: NT$24.1b

Develops renewable and clean energy plants in Taiwan and Mainland China.

Electronics Mart India

Market Cap: ₹49.4b

Engages in the sale of consumer electronics and durable products in India.

Bell Financial Group

Market Cap: AU$407.3m

Engages in the provision of full-service broking, online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients in Australia, the United States, the United Kingdom, Hong Kong, and Kuala Lumpur.

Skellerup Holdings

Market Cap: NZ$876.4m

Designs, manufactures, and distributes engineered products for various specialist industrial and agricultural applications.

JBCC Holdings

Market Cap: JP¥81.4b

Through its subsidiaries, engages in the provision of information technology related services in Japan.

Deyaar Development PJSC

Market Cap: د.إ4.0b

Provides property investment, development, leasing, and management services in the United Arab Emirates and internationally.

Austin Engineering

Market Cap: AU$235.8m

Manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors.

Hanatour Service

Market Cap: ₩772.2b

Provides travel and related services in South Korea, Northeast and Southeast Asia, the United States, and Europe.

Mi Technovation Berhad

Market Cap: RM 1.7b

An investment holding company, primarily engages in the design, development, manufacture, and sale of semiconductor manufacturing equipment in Southeast Asia, Northeast Asia, and North Atlantic.

EPL

Market Cap: ₹66.6b

Manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes, corrugated boxes, and laminates.

OCI Holdings

Market Cap: ₩1.3t

Provides various chemical products and energy solutions in South Korea, the United States, China, rest of Asia, Europe, and internationally.

Marksans Pharma

Market Cap: ₹102.5b

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.

Qingdao Baheal Medical

Market Cap: CN¥9.5b

Engages in research and development, production, and sale of pharmaceutical products.

Zhejiang Garden BiopharmaceuticalLtd

Market Cap: CN¥8.3b

Zhejiang Garden Biopharmaceutical Co.,Ltd.

Cello World

Market Cap: ₹118.0b

Manufactures and sells consumer houseware and glassware products in India and internationally.

Beximco Pharmaceuticals

Market Cap: ৳41.4b

Manufactures and markets generic pharmaceutical formulations and active pharmaceutical ingredients in Bangladesh.

Kitron

Market Cap: NOK 10.9b

Operates as an electronics manufacturing services provider in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.

Orthex Oyj

Market Cap: €91.3m

A houseware company, designs, produces, markets, and sells household products in Nordics, the rest of Europe, and internationally.

Heritage Insurance Holdings

Market Cap: US$761.0m

Through its subsidiaries, provides personal and commercial residential insurance products.

Kinepolis Group

Market Cap: €851.9m

Operates cinema complexes in Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland, Poland, Canada, and the United States.

Select Medical Holdings

Market Cap: US$1.9b

Through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.

Bioceres Crop Solutions

Market Cap: US$280.3m

Provides crop productivity solutions.

Ascom Holding

Market Cap: CHF 117.8m

Provides healthcare ICT and mobile workflow solutions worldwide.