Global Materials Potentially Undervalued Small Caps

Greystone Logistics

Market Cap: US$8.2m

Through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States.

VVV Sports

Market Cap: UK£127.9k

VVV Sports Limited enagges in mineral resource exploration businesses in Singapore.

WestBond Enterprises

Market Cap: CA$7.7m

Together with its subsidiary WestBond Industries Inc., engages in the manufacture and sale of disposable paper products for medical, hygienic, and industrial uses in Canada and the United States.

Minera IRL

Market Cap: US$5.3m

Engages in the exploration, development, and operation of mines in Peru.

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.

Quimpac

Market Cap: S/190.6m

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

Sahathai Printing & Packaging

Market Cap: ฿1.1b

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

Delta Paint

Market Cap: ฿156.4m

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

AnnAik

Market Cap: S$21.9m

An investment holding company, manufactures and distributes stainless steel products in Singapore, Malaysia, the People’s Republic of China, Indonesia, Australia, China, New Zealand, and internationally.

SPP Polymer

Market Cap: ₹204.7m

Manufactures and sells HDPE/PP woven fabric and bags, non-woven fabrics and bags, and PP multifilament yarn products in India and internationally.

Youngbo Chemical

Market Cap: ₩93.6b

Manufactures and sells cross-linked polyolefin foam in Korea and internationally.

Taqat Mineral Trading

Market Cap: ر.س146.0m

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

Modern Steels

Market Cap: ₹178.1m

Engages in the steel manufacturing business in India.

Stanpacks (India)

Market Cap: ₹67.3m

Manufactures and sells polypropylene (PP) bags in India.

Mycron Steel Berhad

Market Cap: RM 78.5m

An investment holding company, manufactures, trades in, and sells mid-stream steel cold rolled coils and steel tubes in Malaysia.

ChugokukogyoLtd

Market Cap: JP¥2.8b

Manufactures and sells high voltage, steel structure, and facility equipment in Japan.

Metal Coatings (India)

Market Cap: ₹417.6m

Manufactures and sells cold-rolled steel strips and hot-rolled pickled and oiled steel strips and coils in India.

G M Polyplast

Market Cap: ₹848.0m

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

Isamu Paint

Market Cap: JP¥7.1b

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

INternational CArbide Technology

Market Cap: NT$1.1b

INternational CArbide Technology Co., Ltd.

Paragon Fine And Speciality Chemical

Market Cap: ₹798.3m

Manufactures and sells specialty intermediates, cosmetics intermediates, pharma intermediates, and agro intermediates in India.

OBM Drilchem

Market Cap: Rp193.4b

Operates as a manufacturer and provider of specialty drilling fluid additives to the drilling industry in Indonesia and internationally.

Huasheng International Holding

Market Cap: HK$99.7m

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

Indo Acidatama

Market Cap: Rp391.3b

Operates as an agro-chemical company in Indonesia.

Superior Industrial Enterprises

Market Cap: ₹460.1m

Engages in the manufacturing of corrugated boxes in India.

Kumbi

Market Cap: ₩37.1b

Engages in glass product manufacturing and cosmetics trading.

BBC

Market Cap: ₩40.7b

Manufactures and sells filaments for oral care industry and brushes.

Analabs Resources Berhad

Market Cap: RM 179.9m

An investment holding company, manufactures, formulates, and sells resins, chemicals, and building materials in Malaysia, rest of Asia, and internationally.

RGT Berhad

Market Cap: RM 61.6m

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

VICEM Cement Trading

Market Cap: ₫52.8b

Primarily engages in the production and sale of cement and concrete products in Vietnam.

Wang-Zheng Berhad

Market Cap: RM 64.9m

An investment holding company, engages in the manufacture, processing, and distribution of fiber-based products in Malaysia, rest of Asia, Africa, and Australia.

Welcast Steels

Market Cap: ₹451.2m

Manufactures and sells high chrome grinding media balls in India and internationally.

Narmada Gelatines

Market Cap: ₹2.2b

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

United Basalt Products

Market Cap: MU₨1.2b

Manufactures and sells building materials primarily in Mauritius, Sri Lanka, and Réunion.

VNSTEEL-VICASA

Market Cap: ₫110.6b

Engages in the production and sale of steel products in Vietnam.