Global Undervalued Dividend Payers

Moshi Moshi Retail Corporation

Market Cap: ฿11.4b

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

Ser Educacional

Market Cap: R$1.8b

Operates on-campus and distance-learning undergraduate, graduate, and professional training courses and other education-related areas in Brazil.

Eternal Beauty Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the retail, wholesale, and distribution of perfumes, skincare products, color cosmetics, personal care products, eyewear, and home fragrances in China, including Hong Kong and Macau.

Norcros

Market Cap: UK£257.9m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Esprinet

Market Cap: €290.0m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Route Mobile

Market Cap: ₹31.6b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

Henry Boot

Market Cap: UK£248.3m

Engages in the property investment and development, land promotion, and construction activities in the United Kingdom.

Compagnie d'Entreprises CFE

Market Cap: €275.8m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

Next 15 Group

Market Cap: UK£240.2m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Orsero

Market Cap: €275.0m

Imports and distributes fruits and vegetables in Europe, Latin America, and Central America.

Ratchthani Leasing

Market Cap: ฿10.1b

Together with its subsidiary, provides hire-purchase and leasing services in Thailand.

Duopharma Biotech Berhad

Market Cap: RM 1.2b

An investment holding company, researches, develops, manufactures, distributes, and imports pharmaceutical products and medicines in Malaysia and internationally.

Gateway Distriparks

Market Cap: ₹29.1b

Provides integrated inter-modal logistics services in India.

Infotel

Market Cap: €264.4m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Pihlajalinna Oyj

Market Cap: €262.1m

Provides social, healthcare, and wellbeing services to private persons, companies, insurance companies, and public sector entities in Finland.

SISB

Market Cap: ฿9.7b

Provides educational services in Thailand.

Dharma Polimetal

Market Cap: Rp4.9t

Through its subsidiaries, manufactures and sells automotive components and metal finishing for motorcycles and cars in Indonesia.

Partron

Market Cap: ₩417.1b

Manufactures and sells electronic components South Korea and internationally.

Beacon Lighting Group

Market Cap: AU$392.2m

Engages in the retail of lighting products in Australia and internationally.

en

Market Cap: JP¥42.8b

Provides human resources service in Japan and internationally.

BTG Consulting

Market Cap: UK£191.8m

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

Sarawak Plantation Berhad

Market Cap: RM 1.0b

An investment holding company, engages in the cultivation and processing of oil palm into crude palm oil and palm kernel in Malaysia.

Tristel

Market Cap: UK£185.7m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Zotefoams

Market Cap: UK£184.9m

Manufactures, distributes, and sells polyolefin foams in the United Kingdom, rest of Europe, North America, and internationally.

Stelrad Group

Market Cap: UK£175.7m

Manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally.

MPC Münchmeyer Petersen Capital

Market Cap: €183.3m

A publicly owned investment manager.

KginicisLtd

Market Cap: ₩308.8b

Provides electronic payment services in Korea, Asia, and internationally.

Italian Wine Brands

Market Cap: €177.1m

Produces and sells wine in Italy, rest of Europe, North America, South America and Islands, Asia, Oceania, and Africa.

Wasco Berhad

Market Cap: RM 805.3m

Provides energy solutions worldwide.

dotdigital Group

Market Cap: UK£145.3m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

J.Jill

Market Cap: US$188.7m

Operates as an omnichannel retailer for women’s apparel in the United States.

CareRx

Market Cap: CA$239.9m

Provides pharmacy services to senior homes and other congregate care settings in Canada.

KCG Corporation

Market Cap: ฿5.2b

Manufactures, sells, and imports food and bakery products in Thailand and internationally.

AAPICO Hitech

Market Cap: ฿4.4b

Engages in the manufacture and distribution of automobile parts, dies, and jigs in Thailand, China, Malaysia, and Portugal.

Supercomnet Technologies Berhad

Market Cap: RM 510.0m

Engages in the manufacture and sale of PVC compounds, and cables and wires for electronic devices and data control switches in Malaysia, the Dominican Republic, the United States, Denmark, Singapore, Taiwan, and Hong Kong.

TASCO Berhad

Market Cap: RM 320.0m

Provides integrated logistics solutions worldwide.