Global Potentially Undervalued Small Caps

Petards Group

Market Cap: UK£5.8m

Engages in the development, supply, and maintenance of technologies used in advanced security, communications, surveillance, and ruggedised electronic applications in the United Kingdom, Continental Europe, and internationally.

S.C. Bucur

Market Cap: RON 99.9m

Engages in the wholesale and retail of food and non-food products in Europe.

KPS Consortium Berhad

Market Cap: RM 100.0m

An investment holding company, engages in the distribution and retail of wooden doors, plywood, and related building materials in Malaysia.

Brite-Tech Berhad

Market Cap: RM 66.8m

An investment holding company, provides integrated water purification and wastewater treatment solutions in Malaysia.

Tamilnadu Steel Tubes

Market Cap: ₹130.2m

Manufactures and sells black, galvanized, and stainless-steel pipes in India.

Natural Cool Holdings

Market Cap: S$19.5m

An investment holding company, provides installation, maintenance, repair, and replacement services for air-conditioning systems in Singapore.

SC J.T. Grup Oil

Market Cap: RON 114.5m

Engages in the fuel distribution market and is the developer of the first private fuel terminal for liquid petroleum products in Romania.

Cyviz

Market Cap: NOK 327.9m

Operates as a technology provider for conference and control rooms and command and experience centers in Europe, the Middle East, the Asia Pacific, and North America.

Qwamplify

Market Cap: €10.3m

Engages in the provision of digital marketing solutions in France.

Wise Energy

Market Cap: zł21.3m

Engages in the sale of electricity in Poland.

Cemat

Market Cap: DKK 207.9m

Develops, operates, and sells properties in Poland.

Ihlas Yayin Holding

Market Cap: ₺729.0m

Through its subsidiaries, engages in media, publishing, and advertising businesses in Turkey.

Vitreous Glass

Market Cap: CA$39.7m

Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada.

HYPER

Market Cap: JP¥2.2b

HYPER Inc. engaged in the IT services and computer business in Japan.

United Tennessee Bankshares

Market Cap: US$19.8m

Operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers.

Bhavik Enterprises

Market Cap: ₹3.2b

Engages in trading polymers to a range of small, medium, and large customers.

TMP Steel

Market Cap: NT$1.8b

Together with its subsidiary, manufactures and sells iron and steel building materials in Taiwan.

S.C. Comcm

Market Cap: RON 58.2m

Engages in the manufacture and sale of concrete in Romania.

Ingress Industrial (Thailand)

Market Cap: ฿520.9m

An investment holding company, manufactures and distributes automotive components in Thailand, Malaysia, Indonesia, and India.

Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi

Market Cap: ₺982.1m

Distributes information technology consumables to the computer companies in Turkey and internationally.

UMS-Neiken Group Berhad

Market Cap: RM 71.3m

An investment holding company, designs, manufactures, and trades in electrical wiring accessories and related electrical products in Malaysia, Vietnam, and Singapore.

Tokai Soft

Market Cap: JP¥7.7b

Provides factory automation and embedded software development and network infrastructure technology services in Japan.

Amwill Health Care

Market Cap: ₹837.0m

A derma-cosmetic company, engages in the development and contract manufacturing of generic dermatological solutions in India.

Motorsport Games

Market Cap: US$18.2m

Develops and publishes racing video games for personal computers in the United States.

Mineral & Financial Investments

Market Cap: UK£17.3m

An investment company, invests in natural resources, minerals, metals, and oil and gas projects in the Cayman Islands.

Adval Tech Holding

Market Cap: CHF 34.0m

Manufactures and markets metal and plastic productsa and components for automotive, medtech, consumer goods, presses, and tools markets in Switzerland.

BMP Pharma Trading

Market Cap: €34.7m

Trades in raw materials for the pharmaceutical, dietary supplement, and veterinary industries.

Mission Valley Bancorp

Market Cap: US$64.2m

Operates as a bank holding company, providing various banking products and services to individuals and corporate customers.

36 Group

Market Cap: SEK 4.2m

A global gaming company, provides sensor technologies, visual identification, and Artificial Intelligence.

VerticalScope Holdings

Market Cap: CA$60.2m

A technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, Australia, and internationally.

Pivotree

Market Cap: CA$38.7m

Designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers worldwide.

S.C. Avicola Slobozia

Market Cap: RON 118.7m

Engages in the production and marketing poultry meat in Romania, Italy, France, Bulgaria, Hungary, and Greece.

Foods Gate Trading

Market Cap: ر.س78.8m

Operates restaurants under the Tokyo and Kimono brand names in Saudi Arabia.

Koyo International

Market Cap: S$12.7m

An investment holding company, provides integrated mechanical and electrical engineering services in Singapore.

Ninh Binh Phosphate Fertilizer

Market Cap: ₫896.7b

Produces and sells phosphate fertilizers primarily in Vietnam.

OPTeam Spólka Akcyjna

Market Cap: zł48.4m

Provides IT solutions for businesses, public institutions, and universities in Poland.