Global Undervalued Small Caps

Binjiang Service Group

Market Cap: HK$6.1b

Provides property management and related services in the People’s Republic of China.

Soilbuild Construction Group

Market Cap: S$628.8m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

Nitin Spinners

Market Cap: ₹20.2b

Manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally.

Lucky Harvest

Market Cap: CN¥9.0b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Ashtead Technology Holdings

Market Cap: UK£324.1m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Extreme Networks

Market Cap: US$1.9b

Develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

LBG Media

Market Cap: UK£127.5m

Operates an online media publisher in the United Kingdom, Ireland, Australia, the United States, and internationally.

Rosenbauer International

Market Cap: €491.6m

Engages in the provision of systems for preventive firefighting and disaster protection technology worldwide.

Yü Group

Market Cap: UK£285.7m

Through its subsidiaries, supplies energy and utility solutions primarily in the United Kingdom.

Michelmersh Brick Holdings

Market Cap: UK£77.9m

Together its subsidiaries, manufactures and sells bricks and brick prefabricated products in the United Kingdom and rest of Europe.

Praemium

Market Cap: AU$365.6m

Provides advisors and wealth management solutions in Australia and internationally.

Tokuyama

Market Cap: JP¥285.1b

Produces and sells various chemical products in Japan.

Sercomm

Market Cap: NT$22.7b

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

Enviro Infra Engineers

Market Cap: ₹24.8b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

JTC

Market Cap: ₩248.1b

Operates retail shops in Japan and South Korea.

Modetour Network

Market Cap: ₩212.4b

Operates as a travel company in South Korea and internationally.

CNMC Goldmine Holdings

Market Cap: S$741.7m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Bermaz Auto Berhad

Market Cap: RM 982.1m

An investment holding company, distributes and retails of completely built-up Mazda, Kia, XPeng, and Deepal vehicles in Malaysia and the Philippines.

Sandhar Technologies

Market Cap: ₹30.3b

Engages in the manufacturing and assembling of automotive components for the automotive industry in India and internationally.

Jinlei Technology

Market Cap: CN¥9.1b

Engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally.

Hong Leong Asia

Market Cap: S$2.1b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Dat Xanh Real Estate Services

Market Cap: ₫3.4t

Provides real estate trading and brokerage services in Vietnam.

Advanced Process Systems

Market Cap: ₩336.5b

Develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam.

Surya Roshni

Market Cap: ₹46.0b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥11.5b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

Thomas Cook (India)

Market Cap: ₹43.7b

Offers integrated travel services in India and internationally.

NSL Foods

Market Cap: ฿6.8b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Merchants Bancorp

Market Cap: US$1.9b

Operates as the diversified bank holding company in the United States.

ProCredit Holding

Market Cap: €491.2m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Quartix Technologies

Market Cap: UK£128.3m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Bilia

Market Cap: SEK 11.7b

Operates as a full-service supplier for car ownership in Sweden, Norway, Luxemburg, and Belgium.

Flügger group

Market Cap: DKK 992.2m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Cannara Biotech

Market Cap: CA$181.8m

Engages in the indoor cultivation, processing, and sale of cannabis and cannabis-derivative products in Canada.

Bytes Technology Group

Market Cap: UK£730.4m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Tennant

Market Cap: US$1.1b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.