Global Materials Potentially Undervalued Small Caps

Emami Paper Mills

Market Cap: ₹5.3b

Manufactures and sells paper and paper board products in India.

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.

Kawaguchi Chemical Industry

Market Cap: JP¥1.8b

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

Lion One Metals

Market Cap: CA$54.4m

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

Koszalinskie Przedsiebiorstwo Przemyslu Drzewnego Spólka Akcyjna

Market Cap: zł32.4m

Produces and sells lumber products in Poland and internationally.

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.

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.

Ashiana Ispat

Market Cap: ₹139.4m

Manufactures and markets steel products in India.

Prestar Resources Berhad

Market Cap: RM 103.1m

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

Sugai Chemical Industry

Market Cap: JP¥4.2b

Manufactures and sells various chemicals in Japan.

Shoei

Market Cap: JP¥6.0b

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