Global Undervalued Small Caps

Tianneng Power International

Market Cap: HK$8.0b

An investment holding company, engages in the research, development, manufacture, and sale of power batteries for electric vehicle market in the People’s Republic of China and internationally.

RITES

Market Cap: ₹94.6b

Operates as an engineering consultancy company in the field of railways, highways, airports, ports, ropeways, urban transport, and inland waterways.

Tokyo Electron Device

Market Cap: JP¥92.8b

A technology trading company, engages in the electronic components and computer networks businesses worldwide.

E.I.D.- Parry (India)

Market Cap: ₹140.2b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Strides Pharma Science

Market Cap: ₹84.9b

Develops, manufactures, and sells pharmaceutical products in Africa, Australia, North America, Europe, Asia, and internationally.

Suzhou Hengmingda Electronic Technology

Market Cap: CN¥12.0b

Suzhou Hengmingda Electronic Technology Co., Ltd.

HealthcareLtd

Market Cap: CN¥5.0b

Provides memory foam mattresses and other home products in China.

Alltop Technology

Market Cap: NT$18.8b

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

Tokyu Construction

Market Cap: JP¥155.1b

Engages in the civil engineering and building construction businesses in Japan.

Asia CementLtd

Market Cap: ₩437.7b

Engages in the manufacture and sale of cement and ready-mixed concrete in South Korea.

Jinmao Property Services

Market Cap: HK$2.2b

An investment holding company, provides property management services in the People’s Republic of China.

INTLOOP

Market Cap: JP¥20.2b

Provides system development, network construction, infrastructure implementation, and IT human resources services in Japan and internationally.

BORETECH Resource Recovery Engineering

Market Cap: NT$3.3b

BORETECH Resource Recovery Engineering CO., LTD.

CanSino Biologics

Market Cap: HK$13.6b

Develops, manufactures, and commercializes vaccines in the People’s Republic of China.

World Holdings

Market Cap: JP¥47.9b

Engages in human resources and education, information and telecommunications, real estate, and agricultural park businesses in Japan.

Lum Chang Creations

Market Cap: S$252.0m

Operates as an urban revitalization specialist that offers conservation and restoration works in Singapore and Malaysia.

Startia HoldingsInc

Market Cap: JP¥26.5b

Engages in the IT business in Japan and internationally.

ChenGuang Biotech Group

Market Cap: CN¥7.1b

Develops and produces natural colors, spice extracts and essential oils, nutritional and pharmaceutical extracts, and oils and protein.

Waseda Academy

Market Cap: JP¥37.1b

Operates and manages preparatory schools for elementary, junior high, and high school students.

Epigral

Market Cap: ₹37.6b

Manufactures and sells chlor-alkali and related derivatives in India and internationally.

Guoquan Food (Shanghai)

Market Cap: HK$10.1b

Operates as a home meal products company in Mainland China.

NIIT Learning Systems

Market Cap: ₹40.9b

Provides managed training services in India, the United States, Europe, and internationally.

Taseco Air Services

Market Cap: ₫3.3t

Engages in airport commercial services in Vietnam.

Tiong Woon Corporation Holding

Market Cap: S$226.0m

An investment holding company, provides integrated services for the oil and gas, petrochemical, infrastructure, and construction sectors.

Tamkeen Human Resources

Market Cap: ر.س1.2b

Offers labor recruitment and manpower services in the Kingdom of Saudi Arabia.

Dom Development

Market Cap: zł6.2b

Engages in the development and sale of residential and commercial real estate properties, and related support activities in Poland.

Bouvet

Market Cap: NOK 5.1b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Cambi

Market Cap: NOK 3.0b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Medios

Market Cap: €361.7m

Supplies specialty pharmaceutical drugs primarily in Germany.

Electrolux Professional

Market Cap: SEK 15.5b

Provides food service, beverage, and laundry products and solutions to restaurants, hotels, healthcare, educational, and other service facilities.

RaySearch Laboratories

Market Cap: SEK 6.5b

A medical technology company, provides software solutions for cancer treatment worldwide.

BTG Consulting

Market Cap: UK£189.9m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

VBG Group

Market Cap: SEK 8.6b

Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, the United States, rest of North America, Brazil, Australia, New Zealand, China, and internationally.

XPEL

Market Cap: US$1.1b

Manufactures, installs, sells, and distributes protective films, coatings and related services.

Prevas

Market Cap: SEK 1.1b

Provides technical solutions in Sweden, Denmark, Finland, and internationally.

Imperial Petroleum

Market Cap: US$208.1m

Provides seaborne transportation services worldwide.