Global Undervalued Small Caps

AltynGold

Market Cap: UK£242.2m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Mensch und Maschine Software

Market Cap: €684.3m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

Harmonic

Market Cap: US$1.1b

Provides broadband access solutions worldwide.

J.Jill

Market Cap: US$231.0m

Operates as an omnichannel retailer for women’s apparel in the United States.

Insteel Industries

Market Cap: US$608.1m

Manufactures and markets steel wire reinforcing products for concrete construction applications.

Orezone Gold

Market Cap: CA$795.2m

Engages in the mining, exploration, and development of gold properties.

Integrated Diagnostics Holdings

Market Cap: US$325.5m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Flotek Industries

Market Cap: US$464.5m

Operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally.

Qol Holdings

Market Cap: JP¥74.7b

Engages in the pharmacy, BPO, and pharmaceutical businesses in Japan.

GA technologies

Market Cap: JP¥81.5b

Operates a real estate brokerage platform.

Taoka Chemical Company

Market Cap: JP¥17.6b

Manufactures and sells various chemicals in Japan and internationally.

Core Concept Technologies

Market Cap: JP¥15.7b

Provides digital transformation and IT human resources procurement support services in Japan.

Macbee Planet

Market Cap: JP¥25.3b

Engages in the advertising business in Japan.

Hunan Sundy Science and Technology

Market Cap: CN¥4.3b

Supplies coal analysis solutions in the People’s Republic of China and internationally.

Aidite (Qinhuangdao) Technology

Market Cap: CN¥4.8b

Aidite (Qinhuangdao) Technology Co., Ltd.

ITH

Market Cap: NT$21.8b

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

Management SolutionsLtd

Market Cap: JP¥21.0b

Provides management consulting, project management execution, and project management training services.

World

Market Cap: JP¥101.2b

Through its subsidiaries, plans, manufactures, retails, sells, and imports/exports apparel and fashion products in Japan and internationally.

Huhtamaki India

Market Cap: ₹17.8b

Manufactures and sells of flexible consumer packaging and labelling solutions in India.

MetroCity Bankshares

Market Cap: US$665.6m

Operates as the bank holding company for Metro City Bank that provides banking products and services in the United States.

Zhihu

Market Cap: US$349.3m

Operates an online content community in the People’s Republic of China.

Colony Bankcorp

Market Cap: US$280.0m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

STI

Market Cap: ₩319.8b

Operates in the semiconductor equipment industry in Korea.

Apex Mining

Market Cap: ₱53.0b

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

CF Bankshares

Market Cap: US$147.1m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥6.9b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Turtle Beach

Market Cap: US$278.7m

Operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific.

lastminute.com

Market Cap: CHF 149.8m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Beijing Strong BiotechnologiesInc

Market Cap: CN¥8.0b

Researches, develops, manufactures, and sells in-vitro diagnostics (IVD) products and services in China and internationally.

Xinjiang GuannongLtd

Market Cap: CN¥6.9b

Engages in manufacturing, processing, trades, and selling agricultural products in China.

SUNIC SYSTEM

Market Cap: ₩471.0b

Manufactures and sells OLED deposition equipment and semiconductor vacuum equipment in Korea.

Kitwave Group

Market Cap: UK£175.0m

Engages in the food and drink wholesale business in the United Kingdom.

China Resources Boya Bio-pharmaceutical GroupLtd

Market Cap: CN¥12.7b

Engages in the blood product businesses in China.

Central Omega Resources

Market Cap: Rp4.0t

Engages in the mineral mining business in Indonesia.

Mistras Group

Market Cap: US$379.2m

Provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific.

Lever Style

Market Cap: HK$940.2m

An investment holding company, engages in the design, production, and trade of garments in the United States, Europe, Oceania, Greater China, and internationally.