Global Potentially Undervalued Small Caps

Union Mosaic Industry

Market Cap: ฿727.8m

Produces and distributes floor and wall tiles in Thailand and internationally.

Kanoria Energy & Infrastructure

Market Cap: ₹1.4b

Engages in the manufacture and sale of asbestos cement pressure pipes, asbestos cement corrugated roofing sheets, and allied products in India.

Kyoei Security Service

Market Cap: JP¥4.3b

Provides security services in Japan.

Perennial International

Market Cap: HK$238.7m

An investment holding company, manufactures and trades in electric cables and wire products in the United States, Europe, Australia, Mainland China, Japan, and Southeast Asia.

Sai Gon - Mien Trung Beer

Market Cap: ₫1.2t

Engages in the production and sale of beverage products.

SMVD Poly Pack

Market Cap: ₹115.8m

Manufactures and markets flexible intermediate bulk containers (FIBC) packaging products primarily in India.

LYC Healthcare Berhad

Market Cap: RM 11.1m

Provides health care services primarily in Malaysia and Singapore.

Agency Group Australia

Market Cap: AU$11.4m

Engages in the real estate business in Australia.

ROX Key Holdings

Market Cap: ₫871.4b

Engages in the real estate business in Vietnam.

PTL Enterprises

Market Cap: ₹5.4b

Engages in the lease of plant to Apollo Tyres Limited.

Pee Cee Cosma Sope

Market Cap: ₹788.3m

Manufactures and sells laundry soap, and detergent powder and cake in India.

Stelux Holdings International

Market Cap: HK$63.3m

An investment holding company, engages in the trading, wholesale and retail of watches in Hong Kong, Macau, Mainland China, the rest of Asia, and Europe.

SAMWONSTEELLtd

Market Cap: ₩89.8b

Manufactures and sells bars and spring materials for the automotive industry South Korea and internationally.

Medico Intercontinental

Market Cap: ₹248.9m

Engages in the trading of pharmaceutical products.

Daytona

Market Cap: JP¥8.6b

Engages in market research, planning, development, testing, procurement, and logistics management of motorcycle parts and accessories.

Elaia Investment Spain Socimi

Market Cap: €10.5m

As of August 29, 2017, Socimi Eurosic Investment Spain operates as a subsidiary of Batipart SAS.

Autins Group

Market Cap: UK£6.8m

An investment holding company, supplies noise vibration and harshness insulation materials.

PermRock Royalty Trust

Market Cap: US$24.9m

Operates as a statutory trust in the United States.

Genomed Spólka Akcyjna

Market Cap: zł34.1m

Provides DNA sequencing and analysis and diagnostics services for congenital diseases in Poland.

CWG Holdings Berhad

Market Cap: RM 40.6m

An investment holding company, engages in the manufacture and sale of paper-based stationery and printing materials in Malaysia, Africa, the United States, Europe, Oceania, and rest of Asia.

SPM

Market Cap: ₫117.0b

Manufactures and sells pharmaceutical products in Vietnam.

Boss Holdings

Market Cap: US$24.0m

Engages in the import, marketing, and distribution of pet supplies and cell phone accessories worldwide.

Northamber

Market Cap: UK£6.5m

Engages in the supply of computer hardware, computer printers and peripheral products, computer telephony products, and other electronic transmission equipment in the United Kingdom.

Miraculum

Market Cap: zł26.3m

A cosmetic company, develops and markets skin and body care, shaving, depilation, perfume, and makeup products for men and women in Poland and internationally.

DLSI

Market Cap: €24.9m

Provides employment solutions in France, Germany, Switzerland, Luxembourg, and rest of the European Union.

J. Smart (Contractors)

Market Cap: UK£43.6m

Engages in the contracting, developing, and constructing public works, shopping centers, offices, factories, warehouses, local authority, and landlords and private housing projects in the United Kingdom.

Hopening

Market Cap: €3.9m

Engages in fundraising, sponsorship, and philanthropy services in France.

Mostostal Plock

Market Cap: zł24.3m

Operates as a mechanical company in Poland.

IAMBA Arad

Market Cap: RON 23.0m

Engages in the manufactures and sale of hardware for furniture and banal in Romania.

LS 2 Holdings

Market Cap: S$14.8m

An investment holding company, operates as an integrated environmental services provider in Singapore.

Nordic Flanges Group

Market Cap: SEK 59.6m

Manufactures and sells industrial flanges in Sweden, the rest of the Nordic region, the United States, and internationally.

Valartis Group

Market Cap: CHF 32.8m

Provides financial services in Switzerland, Germany, Austria, Luxembourg, Central and Eastern Europe, and internationally.

Dillistone Group

Market Cap: UK£3.7m

Provides technology solutions and services in the United Kingdom, rest of Europe, the Americas, Australia, and internationally.

Water Intelligence

Market Cap: UK£41.2m

Provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Ireland, Australia, Canada, and internationally.

MakoLab Spólka Akcyjna

Market Cap: zł58.7m

Operates as a digital solutions company in Poland.

Semacom Integrated

Market Cap: Rp125.3b

Manufactures and sells electrical panels in Indonesia.