Global Materials Potentially Undervalued Small Caps

Aries Agro

Market Cap: ₹4.5b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals.

Cochin Minerals and Rutile

Market Cap: ₹2.0b

Engages in the manufacturing, marketing, and research activities in the mineral processing sector in India.

Shiva Global Agro Industries

Market Cap: ₹399.8m

Engages in the manufacture and marketing of fertilizers, soil and crop health products, oils, and de-oiled cakes primarily in India.

Fujairah Cement Industries PJSC

Market Cap: د.إ143.4m

Together with its subsidiary, manufactures and sells clinkers and hydraulic cement, and ready mixed and dry mix concrete and mortars in the United Arab Emirates and internationally.

Thai Packaging & Printing

Market Cap: ฿472.5m

Manufactures and distributes box packaging products.

National Plastic Technologies

Market Cap: ₹1.2b

Manufactures and supplies injection moulded plastic products in India.

Poddar Pigments

Market Cap: ₹2.7b

Manufactures and sells color and additive masterbatches for dope dyeing of man-made fibers and various plastic applications primarily in India.

Thai Rubber Latex Group

Market Cap: ฿907.8m

Produces and distributes concentrated latex and other latex products in Thailand, the People's Republic of China, Hong Kong, Pakistan, Malaysia, the Republic of Korea, and internationally.

Polyspin Exports

Market Cap: ₹290.2m

Manufactures and sells flexible intermediate bulk container bags, polypropylene woven fabrics, and multifilament yarns in India.

Lionmesh Prima

Market Cap: Rp24.6b

Engages in the manufacturing and selling welded steel wire mesh products primarily in Indonesia.

Sassy Gold

Market Cap: CA$665.5k

An exploration stage company, acquires, identifies, explores for, and evaluates of precious metals resources in Canada.

Vinh Plastic and Bags

Market Cap: ₫135.0b

Produces and sells printing packaging products in Vietnam and internationally.

Perusahaan Sadur Timah Malaysia (Perstima) Berhad

Market Cap: RM 105.9m

Manufactures and sells tinplates and tin-free steel products in Malaysia, Vietnam, the Philippines, and internationally.

China Shuifa Singyes New Materials Holdings

Market Cap: HK$135.2m

An investment holding company, engages in the research and development, manufacture, sale, and installation of indium tin oxide films and related downstream products in Czech Republic, Mainland China and internationally.

Industrie Chimiche Forestali

Market Cap: €35.6m

Produces and sells adhesives, impregnated fabrics, and extruded fabrics in Italy, CEE, and rest of European Union.

Sinteza

Market Cap: RON 27.0m

Engages in the production and sale of basic organic chemical products.

Supremex

Market Cap: CA$89.5m

Manufactures and markets envelopes, and paper-based packaging solutions and specialty products in Canada and the United States.

E. Pairis

Market Cap: €4.1m

Produces and sells plastic packaging items in Greece.

Minerales y Productos Derivados

Market Cap: €3.9m

Produces, sells, and markets minerals and chemical products in Spain, rest of Europe, Africa, and the Americas.

Lion One Metals

Market Cap: CA$54.4m

Engages in mine development and exploration of mineral properties in Fiji.

Ashiana Ispat

Market Cap: ₹139.4m

Manufactures and markets steel products in India.

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Spólka Akcyjna

Market Cap: zł32.4m

Produces and sells lumber products in Poland and internationally.

Prestar Resources Berhad

Market Cap: RM 103.1m

An investment holding company, manufactures and trades in steel related products primarily in Malaysia.

Chin Yang Industry

Market Cap: ₩62.6b

Engages the manufacture and sale of plastic foam molded products in South Korea.

MANAC Chemical PartnersLtd

Market Cap: JP¥6.7b

Engages in the development, manufacture, sale, import, and export of industrial chemicals and pharmaceuticals in Japan.

Shoei

Market Cap: JP¥6.0b

Engages in the sales promotion support and product sales businesses in Japan.

Takamisawa

Market Cap: JP¥4.9b

Engages in the manufacture and sale of secondary concrete products, ready-mixed concrete, gravel, sand, cement, and other construction materials in Japan.

Kawaguchi Chemical Industry

Market Cap: JP¥1.8b

Manufactures and sells chemicals in Japan, the rest of Asia, and internationally.

Hankukpackage

Market Cap: ₩41.6b

Hankukpackage Co., Ltd. manufacture and sell liquid packaging container in South Korea.

Sugai Chemical Industry

Market Cap: JP¥4.2b

Manufactures and sells various chemicals in Japan.

Marcventures Holdings

Market Cap: ₱1.9b

Engages in the extracting, mining, smelting, refining, and converting nickel, chromite, copper, gold, manganese, and natural metallic or non-metallic resources in the Philippines.

WAPS

Market Cap: ₩14.2b

Manufactures and sells various value-added new polymer materials, such as automobile interior materials, construction, and leisure materials.

Okong

Market Cap: ₩37.1b

Engages in the manufacture and sale of various adhesives in South Korea and internationally.

U-Best Innovative Technology

Market Cap: NT$2.0b

Manufactures and trades in polymer chemical raw materials in Taiwan, Vietnam, and internationally.

Tomypak Holdings Berhad

Market Cap: RM 60.4m

An investment holding company, engages in the manufacture and marketing of flexible and industrial packaging materials for food and beverage companies in Malaysia and internationally.

A Dong Paint

Market Cap: ₫529.9b

Manufactures and sells paint products in Vietnam.