Global Undervalued Small Caps

Petron

Market Cap: ₱30.0b

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

Moshi Moshi Retail Corporation

Market Cap: ฿10.9b

Engages in the retail and wholesale of lifestyle products in Thailand.

Krsnaa Diagnostics

Market Cap: ₹19.8b

Provides diagnostic services in India.

GA technologies

Market Cap: JP¥65.0b

Operates a real estate brokerage platform.

Central Omega Resources

Market Cap: Rp3.9t

Engages in the mineral mining business in Indonesia.

Rank Group

Market Cap: UK£434.2m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

LSL Property Services

Market Cap: UK£238.6m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

ADLPartner

Market Cap: €95.3m

Provides marketing solutions in France and internationally.

Solstad Offshore

Market Cap: NOK 4.8b

Owns and operates offshore service vessels.

MT Højgaard Holding

Market Cap: DKK 3.1b

Engages in the provision of construction, civil engineering, and infrastructure services for private and public customers in Denmark and internationally.

Storskogen Group

Market Cap: SEK 15.1b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

Truecaller

Market Cap: SEK 3.8b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Bird Construction

Market Cap: CA$1.8b

Provides construction services in Canada.

Hammond Power Solutions

Market Cap: CA$2.3b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.

NittokuLtd

Market Cap: JP¥40.8b

Develops, manufactures, sells, and services automatic winding machines, and related machinery and parts in Japan and internationally.

MilDef Group

Market Cap: SEK 6.1b

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally.

PR TIMES

Market Cap: JP¥31.1b

Operates PR TIMES platform that connects companies, media, and consumer with news in Japan.

Marubun

Market Cap: JP¥31.2b

Distributes electronics products in Japan and internationally.

Servcorp

Market Cap: AU$665.8m

Provides executive serviced and virtual offices, coworking and IT, communications, and secretarial services in Australia, New Zealand, Southeast Asia, the United States, Europe, the Middle East, North Asia, and internationally.

PAL GROUP Holdings

Market Cap: JP¥264.1b

Engages in the planning, manufacture, wholesale, and retail of clothing products, including men’s and women’s clothing and accessories in Japan.

Suzhou Sushi Testing GroupLtd

Market Cap: CN¥8.9b

Provides environmental and reliability test verification and analysis services and solutions.

Hecto Innovation

Market Cap: ₩262.7b

Operates as an IT platform company in the field of information security primarily in Korea.

Genuit Group

Market Cap: UK£804.6m

Develops and produces solutions for water, climate, and ventilation management in the construction industry in the United Kingdom, rest of Europe, and internationally.

Richardson Electronics

Market Cap: US$164.6m

Provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America.

GreensLtd

Market Cap: JP¥30.2b

Operates a chain of hotels in Japan.

Thai Union Feedmill

Market Cap: ฿6.4b

Manufactures and distributes animal feeds in Thailand, Sri Lanka, Pakistan, Indonesia, and internationally.

Luk Fook Holdings (International)

Market Cap: HK$15.6b

An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products in Hong Kong and internationally.

Pennar Industries

Market Cap: ₹19.7b

Operates as an engineering company in India and internationally.

Alembic Pharmaceuticals

Market Cap: ₹138.8b

An integrated pharmaceutical company, develops, manufactures, markets, and sells pharmaceutical products in India and internationally.

Midland Holdings

Market Cap: HK$2.2b

An investment holding company, provides property agency services in Hong Kong, Macau, and Mainland China.

Wuhan Hvsen BiotechnologyLtd

Market Cap: CN¥5.1b

Engages in the research and development, and manufacture of macrolides APIs and preparations in China and internationally.

Zhejiang Cayi Vacuum Container

Market Cap: CN¥7.6b

Engages in the research, development, design, production, and sale of beverage and food containers of various materials in China and internationally.

Thai Credit Bank

Market Cap: ฿20.9b

Provides financial services to micro, small, and medium-sized enterprises in Thailand.

Tharisa

Market Cap: R7.4b

An investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.

Austal

Market Cap: AU$2.0b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Protec

Market Cap: ₩500.4b

Manufactures and sells semiconductor packaging equipment and automated pneumatic parts in South Korea.