Global Undervalued Small Caps

Shenzhen Yinghe Technology

Market Cap: CN¥11.0b

Engages in the research and development, production, and sale of lithium-ion battery automation equipment in China.

Inspur Digital Enterprise Technology

Market Cap: HK$9.2b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Fullcast Holdings

Market Cap: JP¥56.6b

Provides human resource solutions in Japan.

CNMC Goldmine Holdings

Market Cap: S$174.3m

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

Nippon Carbide Industries

Market Cap: JP¥15.9b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

People & Technology

Market Cap: ₩1.0t

Offers coating, calendaring, slitting, automation, and other machineries.

Shengda ResourcesLtd

Market Cap: CN¥9.2b

Through its subsidiaries, engages in the mining development, sales, trade, investment, and investment management businesses in China.

Parade Technologies

Market Cap: NT$41.1b

Operates as a fabless semiconductor company in South Korea, China, Taiwan, Japan, and internationally.

Base

Market Cap: JP¥57.3b

Engages in the computer software development and related work in Japan.

Software Service

Market Cap: JP¥65.7b

Provides electric medical record, hospital total ordering, and other systems.

Duc Giang Chemicals Group

Market Cap: ₫34.8t

Manufactures industrial products in Vietnam.

Atturra

Market Cap: AU$331.8m

Provides advisory and information technology solutions in Australia, New Zealand, Singapore, and Hong Kong.

Boditech Med

Market Cap: ₩365.7b

Offers instruments and diagnostic reagents in South Korea and internationally.

JTC

Market Cap: ₩308.9b

Operates retail shops in Japan. It engages in the retail sale of foods, daily necessities, cosmetics, health products, precious metals, electronic devices, folk crafts, and other products.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.2b

An investment holding company, engages in the manufacture and trading of cement and construction materials, as well as construction, road maintenance, township, and property and infrastructure development businesses in Malaysia and internationally.

Shenzhen Noposion Crop Science

Market Cap: CN¥9.3b

Researches and develops, produces, and sells agricultural inputs in China and internationally.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥11.0b

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

Nitto Boseki

Market Cap: JP¥157.8b

Engages in the manufacture, processing, and sale of textile products and textile-related industrial goods, rock wool and building materials, glass fiber products, and specialty chemicals and medical products in Japan.

Meiko Electronics

Market Cap: JP¥173.2b

Engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, China, Vietnam, the rest of Asia, North America, Europe, and internationally.

Carote

Market Cap: HK$3.0b

An investment holding company, engages in the manufacture and sale of kitchenware products in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and internationally.

Thomas Cook (India)

Market Cap: ₹59.1b

Offers integrated travel services in India and internationally.

EASY BIOInc

Market Cap: ₩174.7b

Provides specialized piglet feed and feed additives solutions in South Korea and internationally.

Fourth Milling

Market Cap: ر.س2.1b

Engages in the production, packaging, and sale of flour and its byproducts, animal feed, and bran products the Kingdom of Saudi Arabia.

Source Energy Services

Market Cap: CA$140.9m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Senior

Market Cap: UK£624.2m

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Eleving Group

Market Cap: €195.0m

Provides vehicle and consumer finance services in Europe, Africa, and internationally.

AutoStore Holdings

Market Cap: NOK 18.5b

Provides robotic and software technology in Norway, Germany, Europe, the United States, Asia, and internationally.

Alexandria Group Oyj

Market Cap: €95.6m

Provides investment and saving solutions in Finland.

Morgan Advanced Materials

Market Cap: UK£571.7m

Manufactures and sells various carbon and ceramic products.

Plumas Bancorp

Market Cap: US$258.1m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Miller Industries

Market Cap: US$516.0m

Manufactures and sells towing and recovery equipment.

Ducommun

Market Cap: US$992.6m

Provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States.

Travelzoo

Market Cap: US$160.5m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

CNB Financial

Market Cap: US$471.7m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

Afry

Market Cap: SEK 19.4b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

Chemung Financial

Market Cap: US$222.6m

Operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.