Global Retail Potentially Undervalued Small Caps

Yoong Onn Corporation Berhad

Market Cap: RM 238.0m

An investment holding company, designs, manufactures, distributes, trades, and retails home linen, bedding accessories, and homewares in Malaysia.

Duell Oyj

Market Cap: €8.2m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Maisons du Monde

Market Cap: €18.1m

Through its subsidiaries, provides home and living room related products in France and internationally.

Headlam Group

Market Cap: UK£33.7m

Engages in the sale, marketing, supply, and distribution of floorcovering and other ancillary products in the United Kingdom and Continental Europe.

Ultimate Products

Market Cap: UK£40.1m

Supplies branded household products in the United Kingdom, Rest of Europe, and internationally.

Mr.Bricolage

Market Cap: €40.3m

Engages in retailing of renovation, home, and garden decoration products.

City Chic Collective

Market Cap: AU$15.4m

Operates as a retailer of plus-size women’s apparel, footwear, and accessories in Australia, New Zealand, and the United States.

Dusk Group

Market Cap: AU$45.5m

Dusk Group Limited retails scented and unscented candles, home decor, home fragrances, and gift solutions in Australia.

Spartoo SAS

Market Cap: €4.0m

Spartoo SAS retails a range of fashion items through its e-commerce platform in France and internationally.

Yakkyo

Market Cap: €7.3m

Operates an e-commerce platform in Italy and internationally.

Wetteri Oyj

Market Cap: €28.8m

Operates a car dealership business in Finland, rest of Europe, and internationally.

Ca Mau Trading

Market Cap: ₫143.4b

Engages in the trading business in Vietnam.

Mulsanne Group Holding

Market Cap: HK$235.6m

An investment holding company, engages in the designing, marketing, and sale of apparel products for men in Mainland China and Macau.

Henderson Investment

Market Cap: HK$484.5m

An investment holding company, engages in the operation of department stores and supermarkets in Hong Kong.

Teo Guan Lee Corporation Berhad

Market Cap: RM 75.7m

An investment holding company, markets, distributes, and retails garments and related accessories in Malaysia.

E Lighting Group Holdings

Market Cap: HK$25.3m

Engages in the retail sale of lighting, designer label furniture, and household products in Hong Kong.

Delota

Market Cap: CA$1.7m

Engages in the retail of various cannabis products in Canada.

Lojas Quero-Quero

Market Cap: R$293.8m

Engages in the general retail trade activities in Brazil.

Olympia Industries

Market Cap: ₹183.7m

Engages in the e-commerce business in India.

F J Benjamin Holdings

Market Cap: S$10.7m

An investment holding company, engages in the brand building and management, and development of retail and distribution networks for international luxury and lifestyle brands in Southeast Asia.

TOP CULTURELtd

Market Cap: JP¥2.9b

Operates retail stores in Japan.

Cyfrowe Centrum Serwisowe Spólka Akcyjna

Market Cap: zł7.9m

Provides maintenance services for telecommunications equipment in Poland.

Parkson Holdings Berhad

Market Cap: RM 195.3m

An investment holding company, engages in the operation and management of department stores under the Parkson brand in Malaysia and internationally.

Gamivo

Market Cap: zł31.1m

Operates as a digital goods trading platform in Poland.

Ichikura

Market Cap: JP¥2.1b

Engages in the kimonos business in Japan.

Hanoi Beer Trading

Market Cap: ₫96.8b

Primarily engages in the distribution of beverage products in Vietnam.

Dacome International

Market Cap: NT$1.0b

Distributes and sells golf products in Taiwan and internationally.

Star Money

Market Cap: ฿924.0m

Engages in the distribution of electrical appliances in Thailand.

Credo Brands Marketing

Market Cap: ₹5.7b

Engages in the retail of men’s casual wear under the MUFTI brand in India.

Robinson Europe

Market Cap: zł5.1m

Engages in the wholesale and retail trade of fishing and other sporting goods in Poland and internationally.

Jullundur Motor Agency (Delhi)

Market Cap: ₹2.0b

Trades and distributes automobile parts, accessories, and petroleum products primarily in India.

Wulff-Yhtiöt Oyj

Market Cap: €24.3m

Provides workplace products, IT supplies, ergonomics, printing, international exhibition, and event services in Finland, Sweden, Norway, Denmark, other European countries, and internationally.

Minasmáquinas S/A

Market Cap: R$107.8m

Engages in the vehicle dealership activities in Brazil.

Grand Baoxin Auto Group

Market Cap: HK$244.0m

An investment holding company, engages in the sale and service of motor vehicles primarily in Mainland China.

Sunlight (1977) Holdings

Market Cap: HK$58.4m

An investment holding company, supplies tissue, hygiene, and other related products for corporate customers in Singapore.

King Fook Holdings

Market Cap: HK$463.7m

An investment holding company, engages in the retail and wholesale of gold ornaments, jewelry, watches, gifts, and diamond products primarily in Hong Kong.