Global Potentially Undervalued Small Caps

88(Thailand)

Market Cap: ฿926.5m

Manufactures and distributes cosmetics and dietary supplements.

Lion Chemtech

Market Cap: ₩73.1b

Provides artificial marbles and wax products in South Korea.

Jeong Moon Information

Market Cap: ₩27.5b

Provides LED products in South Korea.

DS Sigma Holdings Berhad

Market Cap: RM 120.0m

An investment holding company, engages in manufacturing, supplying, and trading of packaging materials and paper products in Malaysia.

UG Healthcare

Market Cap: S$51.8m

An investment holding company, manufactures and sells disposable gloves.

IK HOLDINGSLtd

Market Cap: JP¥2.7b

Together with its subsiadiries, engages in the direct marketing, sales marketing, and IT solution businesses in Japan.

PNE Industries

Market Cap: S$36.9m

Manufactures, assembles, and trades in electrical and electronic products primarily in Romania, the Netherlands, Europe, Malaysia, Singapore, and the People’s Republic of China.

YKGI

Market Cap: S$55.5m

An investment holding company, operates food outlets in Singapore.

Successmore Being

Market Cap: ฿97.5m

Distributes consumer products using multi-level marketing in Thailand and internationally.

Central Petroleum

Market Cap: AU$49.5m

Engages in the development, production, processing, and marketing of hydrocarbons, including natural gas, and crude oil and condensate in Australia.

Paramount Cosmetics (India)

Market Cap: ₹160.3m

Engages in the manufacture and marketing of cosmetic products for women in India.

Elate Holdings

Market Cap: HK$60.4m

An investment holding company, provides contract manufacturing services in the United Kingdom, Hong Kong, Germany, Singapore, the United States, and internationally.

Seiwa Electric Mfg

Market Cap: JP¥8.8b

Manufactures and sells information equipment, lighting equipment, and components in Japan and internationally.

Chugai Mining

Market Cap: JP¥9.4b

Chugai Mining Co., Ltd. collects, processes, refines, and retails precious metals in Japan and internationally.

Oceanic Beverages

Market Cap: NT$487.0m

Manufactures, distributes, wholesale, and retails soft drinks and beverages in Taiwan and internationally.

Synergy House Berhad

Market Cap: RM 95.0m

An investment holding company, engages in the design, development, sale, and trading of ready-to-assemble home furniture in Malaysia, Asia, Oceania, Europe, and the North America.

JSS

Market Cap: JP¥1.9b

Engages in the operation of a sports club in Japan.

McPherson's

Market Cap: AU$16.0m

Provides health, wellness, and beauty products in Australia, New Zealand, Asia, and internationally.

CZR Resources

Market Cap: AU$46.7m

Operates as a mineral exploration and development company in Australia.

Ziweto Holdings

Market Cap: US$7.2m

Provides animal health, nutrition, and breeding solutions to livestock farmers in Malawi.

Truong Long Engineering and Auto

Market Cap: ₫258.0b

Engages in the dealing and distribution of trucks and specialized vehicles under the Hino brand in Vietnam.

EC Healthcare

Market Cap: HK$456.3m

Provides medical and healthcare services in Hong Kong, Macau, Mainland China, and Taiwan.

Dimension Computer Technology

Market Cap: NT$1.2b

Provides software and hardware systems for corporate customers in Taiwan and the Mainland China.

2 Cheap Cars Group

Market Cap: NZ$27.6m

Engages in used automotive vehicle retail and vehicle finance businesses in New Zealand.

Tien Li Offshore Wind Technology

Market Cap: NT$375.7m

Tien Li Offshore Wind Technology Co., Ltd.

DICERA HOLDINGS

Market Cap: ₫805.0b

Operates in the construction business in Vietnam.

Saraswati Saree Depot

Market Cap: ₹2.2b

Engages in manufacturing and wholesale trading of sarees, dress materials, and allied women’s traditional and ethnic wear garments in India.

Interworks Confidence

Market Cap: JP¥9.5b

Provides temporary staffing and job placement services in Japan.

Naapbooks

Market Cap: ₹782.1m

Develops and provides information technology solutions to corporates in India.

Iris Group Berhad

Market Cap: RM 183.5m

Provides technology consulting solutions in Malaysia, Asia, Oceania, Africa, and North America.

Santo

Market Cap: JP¥2.8b

Engages in the construction contracting business in Japan.

Krypton Industries

Market Cap: ₹517.2m

Manufactures and sells polyurethane (PU) tyres in India.

Takasago Tekko K.K

Market Cap: JP¥3.7b

Manufactures and sells various steel products developed primarily from stainless steel in Japan.

SPEL

Market Cap: PK₨9.3b

Engages in the manufacture and sale of plastic packaging and plastic parts for the food and FMCG, and automotive industries in Pakistan, Hungary, Turkey, Belgium, France, Italy, the United Kingdom, the United States, Taiwan, and China.

UCrest Berhad

Market Cap: RM 44.6m

An investment holding company, engages in the design, development, and marketing of information technology related products and services in Malaysia and Singapore.

Sedania Innovator Berhad

Market Cap: RM 38.8m

An investment holding company, provides integrated telecommunications services in Malaysia, Europe, rest of Asia, and internationally.