Global Undervalued Small Caps

HD Renewable Energy

Market Cap: NT$25.7b

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

Regal Partners

Market Cap: AU$816.9m

A privately owned hedge fund sponsor.

Net Insight

Market Cap: SEK 990.5m

Provides media network solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

ShaMaran Petroleum

Market Cap: CA$558.0m

Engages in the oil and gas exploration and production.

Pinthong Industrial Park

Market Cap: ฿6.8b

Engages in the industrial real estate projects development and building rental activities in Thailand.

E.I.D.- Parry (India)

Market Cap: ₹148.8b

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

Zhongman Petroleum and Natural Gas GroupLtd

Market Cap: CN¥7.6b

An oil and gas company, engages in the drilling and completion engineering services, and petroleum equipment manufacturing businesses.

Man Industries (India)

Market Cap: ₹16.9b

Manufactures, processes, and trades in submerged arc welded pipes and steel products in India.

Shanghai Haohai Biological Technology

Market Cap: HK$11.5b

Shanghai Haohai Biological Technology Co., Ltd.

Electrolux Professional

Market Cap: SEK 17.1b

Engages in the provision of food service, beverage, and laundry products and solutions to restaurants, hotels, healthcare, educational, and other service facilities.

Yoshimura Food Holdings K.K

Market Cap: JP¥22.1b

Manufactures and sells food products in Japan.

Mid Penn Bancorp

Market Cap: US$546.7m

Operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations.

Alltop Technology

Market Cap: NT$14.9b

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

Next Geosolutions Europe

Market Cap: €410.9m

Provides geoscience and engineering services for energy, infrastructure, and utilities sectors.

ZeusLtd

Market Cap: ₩409.7b

Provides semiconductor, robot, and display total solutions in South Korea and internationally.

National Energy Services Reunited

Market Cap: US$597.4m

Provides oilfield services in the Middle East and North Africa region.

Nippon Dry-Chemical

Market Cap: JP¥28.3b

Engages in the design, manufacture, and sale of fire extinguishing equipment, fire engines, security systems, etc.

IDOM

Market Cap: JP¥108.6b

IDOM Inc. purchases and sells used cars in Japan and internationally.

Fibergate

Market Cap: JP¥20.2b

Operates as a Wi-Fi solution company in Japan.

Genus Power Infrastructures

Market Cap: ₹78.0b

Engages in the manufactures and sells smart metering solutions in India and internationally.

SBS Holdings

Market Cap: JP¥116.7b

Provides logistics services in Japan and internationally.

Rayhoo Motor DiesLtd

Market Cap: CN¥8.1b

Designs, develops, manufactures, and sells stamping dies and auto welding lines in China and internationally.

I G Petrochemicals

Market Cap: ₹12.6b

Engages in the manufacture and sale of organic chemicals in India and internationally.

DKS

Market Cap: JP¥24.8b

Engages in the production and sale of surfactants, other industrial chemicals, and life sciences-related products in Japan and internationally.

Sharingtechnology

Market Cap: JP¥25.3b

Engages in the website business for solving household problems in Japan.

Ryobi

Market Cap: JP¥67.1b

Operates as a die casting manufacturer in Japan, the United States, China, and internationally.

Nam Kim Steel

Market Cap: ₫5.5t

Engages in the manufacture and sale of steel and other products in Vietnam and internationally.

Eternal Hospitality GroupLtd

Market Cap: JP¥33.5b

Operates restaurants in Japan.

Jp-HoldingsInc

Market Cap: JP¥53.3b

Provides nursery services in Japan.

Nitin Spinners

Market Cap: ₹20.5b

Manufactures and sells cotton and blended yarns, and knitted and woven fabrics in India and internationally.

Don Muang Tollway

Market Cap: ฿11.8b

Together with its subsidiary, provides elevated toll road service in Thailand.

Nagano Keiki

Market Cap: JP¥36.8b

Manufactures and sells pressure measurement and control equipment in Japan and internationally.

Step One Clothing

Market Cap: AU$160.1m

Operates as a direct-to-consumer online retailer for men’s underwear in the United Kingdom, the United States, and Australia.

Itoki

Market Cap: JP¥87.5b

Engages in manufacturing and sale of office furniture in Japan and internationally.

T&L

Market Cap: ₩594.9b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

Systena

Market Cap: JP¥136.5b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.