Global Materials Potentially Undervalued Small Caps

Corsa Coal

Market Cap: CA$22.8m

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe.

Alumindo Light Metal Industry

Market Cap: Rp282.4b

Manufactures and sells flat rolled aluminum products in Indonesia, the United States, Asia, Europe, Australia, and the Middle East.

G M Polyplast

Market Cap: ₹901.9m

Manufactures and supplies plastic granules and sheets in India and internationally.

Quimpac

Market Cap: S/190.6m

Engages in the production and commercialization of chemical products Peru and internationally.

Compañía de Empaques

Market Cap: Col$180.4b

Manufactures and sells natural fibers and plastic products in Colombia, Ecuador, and Mexico.

India Gelatine & Chemicals

Market Cap: ₹2.6b

Engages in the manufacture and sale of chemical products in India, the Far East, Europe, and internationally.

Polycon International

Market Cap: ₹107.3m

Engages in the manufacture and trading of PET products in India.

BBC

Market Cap: ₩32.1b

Manufactures and sells filaments for oral care industry and brushes.

Hindustan Adhesives

Market Cap: ₹1.4b

A specialty adhesive coating company, manufactures and sells self-adhesive tapes in India and internationally.

Bhagawati Oxygen

Market Cap: ₹77.9m

Manufactures and supplies industrial gases in India.

Showa Chemical Industry

Market Cap: JP¥5.4b

Engages in manufacturing and selling diatomite and perlite filter aids under the Radiolite and Topco brand in China and Japan.

AMD Industries

Market Cap: ₹881.7m

Provides packing solutions in India and internationally.

Sahathai Printing & Packaging

Market Cap: ฿1.2b

Engages in the paper box printing and publication business in Thailand.

Vien Dong Investment Development Trading

Market Cap: ₫204.2b

Engages in producing, trading, and importing/exporting paper products.

Chonburi Concrete Product

Market Cap: ฿802.7m

Engages in the manufacturing and sales of concrete products and ready mixed concrete in Thailand.

Narmada Gelatines

Market Cap: ₹3.1b

Manufactures and sells gelatine and related products in India and internationally.

Sentien Printing Factory

Market Cap: NT$1.2b

Manufactures and sells heat transfer, insert mold, and in-mold labels and release foils in Taiwan, Mainland China, Indonesia, Vietnam, and internationally.

StarFlex

Market Cap: ₩20.4b

Manufactures and supplies PVC flex products for the signage industry under the STARFLEX brand in Korea and internationally.

Star Paper Mills

Market Cap: ₹2.2b

Manufactures and supplies paper, and paper boards and other related products in India and internationally.

China Crystal New Material HoldingsLtd

Market Cap: ₩34.0b

China Crystal New Material Holdings Co.,Ltd.

Delta Paint

Market Cap: ฿59.8m

Engages in the production and distribution of paints, chemicals, and interior design in Thailand and Cambodia.

Hong Wei (Asia) Holdings

Market Cap: HK$9.7m

An investment holding company, engages in the manufacture and sale of particleboards in the People’s Republic of China.

LB Aluminium Berhad

Market Cap: RM 202.2m

Manufactures and trades in aluminum extrusion and other products worldwide.

Indian Toners & Developers

Market Cap: ₹3.0b

Manufactures and sells compatible toners in India.

Taqat Mineral Trading

Market Cap: ر.س102.1m

Manufactures and sells iron and steel products in the Kingdom of Saudi Arabia.

HLB Genex

Market Cap: ₩47.9b

Engages in the research and development, production, import/export, and sale of enzymes and fermentation products in South Korea and internationally.

Gujarat Intrux

Market Cap: ₹1.5b

Manufactures and supplies stainless, non-alloy, and alloy steel castings in India.

PetroVietnam Packaging

Market Cap: ₫54.2b

Produces and trades PP and PE packaging threads in Vietnam.

Isamu Paint

Market Cap: JP¥6.6b

Manufactures and sells paints, solvents, and building materials in Japan.

Nippon Pigment Holdings

Market Cap: JP¥8.9b

Manufactures and sells liquid dispersion products, colorants, and resin compounds in Japan and internationally.

Indo Acidatama

Market Cap: Rp391.3b

Operates as an agro-chemical company in Indonesia.

Sangal Papers

Market Cap: ₹225.4m

Engages in the manufacturing of paper in India.

RGT Berhad

Market Cap: RM 71.9m

An investment holding company, designs, manufactures, and sells moulded plastic products in Malaysia, North America, Europe, Asia, and internationally.

Sahyadri Industries

Market Cap: ₹3.0b

Engages in the production and sale of cement sheets and accessories, trading of steel doors, and generation of wind power electricity in India.

Ritesh International

Market Cap: ₹590.5m

Engages in the manufacture and sale of stearic acids and other non-edible oils for rubber and PVC industries in India.

Huasheng International Holding

Market Cap: HK$151.1m

An investment holding company, engages in the production and sale of ready-mixed commercial concrete in the People’s Republic of China.