Global Undervalued Small Caps

Jinlei Technology

Market Cap: CN¥9.8b

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

People & Technology

Market Cap: ₩905.6b

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

MTG

Market Cap: JP¥169.4b

Manufactures and sells health, beauty, and wellness products in Japan and internationally.

Meiko Electronics

Market Cap: JP¥242.0b

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.

Rion

Market Cap: JP¥33.7b

Develops, manufactures, sells, and services particle counters, medical equipment, and environmental equipment in Japan.

Komehyo HoldingsLtd

Market Cap: JP¥37.5b

Engages in the purchase and sale of used and new products through stores in Japan.

KH Neochem

Market Cap: JP¥89.5b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Shenzhen King Explorer Science and Technology

Market Cap: CN¥5.0b

Engages in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally.

Thomas Cook (India)

Market Cap: ₹58.1b

Offers integrated travel services in India and internationally.

Indofood Agri Resources

Market Cap: S$509.5m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Modetour Network

Market Cap: ₩180.2b

Operates as a travel company in South Korea and internationally.

Afry

Market Cap: SEK 16.6b

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.

Austriacard Holdings

Market Cap: €225.9m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

74Software

Market Cap: €1.1b

Operates as a software company in France.

AKVA group

Market Cap: NOK 3.1b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Viva Wine Group

Market Cap: SEK 3.1b

Develops, markets, imports, and sells wines.

Bytes Technology Group

Market Cap: UK£789.4m

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

Genomma Lab Internacional. de

Market Cap: Mex$17.3b

Provides pharmaceutical and personal care products primarily in Mexico and internationally.

ProCredit Holding

Market Cap: €478.3m

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

Austevoll Seafood

Market Cap: NOK 18.5b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Waterdrop

Market Cap: US$651.0m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

CellaVision

Market Cap: SEK 3.7b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Bilia

Market Cap: SEK 11.8b

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

Cadeler

Market Cap: NOK 18.8b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Propel Holdings

Market Cap: CA$921.7m

Operates as a financial technology company.

Abeona Therapeutics

Market Cap: US$287.8m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

Meridian

Market Cap: US$209.0m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

Harmonic

Market Cap: US$1.1b

Provides broadband access solutions worldwide.

Legacy Education

Market Cap: US$127.7m

Provides education services to students, high school graduates, and working parents in the United States.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥7.4b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Apex Mining

Market Cap: ₱89.2b

Engages in exploration and production of metals and minerals in the Philippines.

BLS International Services

Market Cap: ₹117.4b

Provides outsourcing and administrative task of visa, passport, and consular services to various diplomatic missions in India.

Dong Hai Ben Tre

Market Cap: ₫3.3t

Manufactures, sells, and trades in pulp, kraft paper, paper board, and carton packaging products in Vietnam.

Petron

Market Cap: ₱24.2b

Operates as an oil refining and marketing company in the Philippines.

STI

Market Cap: ₩415.8b

Operates in the semiconductor equipment industry in Korea.

ITH

Market Cap: NT$19.2b

Engages in the provision of panel display and touch technology in Taiwan and internationally.