Hong Kong Retail Undervalued Small Caps

Luk Fook Holdings (International)

Market Cap: HK$13.4b

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.

Zibuyu Group

Market Cap: HK$2.0b

An investment holding company, operates as a cross-border e-commerce company in China in North America, Asia, Europe, and internationally.