Global Undervalued Small Caps

Shanghai Haohai Biological Technology

Market Cap: HK$11.8b

Shanghai Haohai Biological Technology Co., Ltd.

Okinawa Financial Group

Market Cap: JP¥70.1b

Provides various financial services.

Wuxi Zhenhua Auto PartsLtd

Market Cap: CN¥7.9b

Manufactures and sells auto parts in China.

Ador Welding

Market Cap: ₹19.2b

Manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally.

Evergreen Aviation Technologies

Market Cap: NT$38.0b

Provides aircraft maintenance services to airline partners in Taiwan and internationally.

HYUNDAI BIOLANDLtd

Market Cap: ₩155.7b

Hyundai Bioland Co.,Ltd. along with its subsidiaries, manufactures and sells cosmetic raw materials, health food raw materials, medical devices and pharmaceutical raw materials internationally.

Shanghai Action Education TechnologyLTD

Market Cap: CN¥4.3b

Shanghai Action Education Technology CO.,LTD.

Regal Partners

Market Cap: AU$884.3m

A privately owned hedge fund sponsor.

Changgao Electric Group

Market Cap: CN¥4.3b

Engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China.

Nippon Kodoshi

Market Cap: JP¥18.4b

Manufactures and sells separators in Japan and internationally.

Good Will Instrument

Market Cap: NT$6.6b

Manufactures and markets electrical test and measurement instruments for educational and industrial manufacturing markets.

Duk San NeoluxLtd

Market Cap: ₩820.4b

Develops and manufactures OLED materials for display industry in South Korea.

Alltop Technology

Market Cap: NT$15.3b

Engages in the research, design, development, manufacture, and sale of electronic connectors in Taiwan and China.

Fuji Pharma

Market Cap: JP¥32.4b

Engages in the research and development, manufacture, and marketing of pharmaceutical products in Japan and internationally.

Kolte-Patil Developers

Market Cap: ₹34.6b

Operates as a real estate development company in India.

HD Renewable Energy

Market Cap: NT$27.9b

HD Renewable Energy Co., LTD. engages in the generation and sale of electricity in Taiwan.

Food Moments

Market Cap: ฿3.7b

Engages in the production and sale of butchered chicken and processed chicken products in Thailand.

First Milling

Market Cap: ر.س3.2b

Produces and sells flour products in the Kingdom of Saudi Arabia.

Afya

Market Cap: US$1.4b

Operates as a medical education group in Brazil.

CoinShares International

Market Cap: SEK 7.5b

Engages in the creating financial products with digital assets and blockchain technology business in Jersey.

Aramis Group SAS

Market Cap: €508.8m

Engages in the online sale of used vehicles in France, Belgium, the United Kingdom, Belgium, Austria, Italy, and Spain.

Cadre Holdings

Market Cap: US$1.3b

Manufactures and distributes safety equipment and other related products that provides protection to users in hazardous or life-threatening situations in the United States and internationally.

Bar Harbor Bankshares

Market Cap: US$491.8m

Operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses.

Newron Pharmaceuticals

Market Cap: CHF 143.1m

A biopharmaceutical company, discovers and develops novel therapies for patients with diseases of the central and peripheral nervous system in Italy and the United States.

Panoro Energy

Market Cap: NOK 2.7b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

Northeast Bank

Market Cap: US$824.9m

Provides various banking services to individual and corporate customers in Maine.

BW Energy

Market Cap: NOK 9.8b

Engages in the exploration and production of oil and gas properties.

Construcciones y Auxiliar de Ferrocarriles

Market Cap: €1.7b

Construcciones y Auxiliar de Ferrocarriles, S.A.

Alumasc Group

Market Cap: UK£129.5m

Manufactures and sells building products, systems, and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally.

LifeVantage

Market Cap: US$155.7m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, and skin and hair care products.

Century Aluminum

Market Cap: US$1.8b

Produces and sells standard-grade and value-added primary aluminum products in the United States and Iceland.

USA Rare Earth

Market Cap: US$1.0b

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States.

Positivo Tecnologia

Market Cap: R$644.4m

Engages in the development, trading, and industrialization of information technology (IT) solutions in Brazil and internationally.

Cruzeiro do Sul Educacional

Market Cap: R$1.7b

Provides education services in Brazil.

Investar Holding

Market Cap: US$218.3m

Operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.

InfuSystem Holdings

Market Cap: US$129.8m

Through its subsidiaries, provides infusion pumps and related products and services in the United States and Canada.