Global Potentially Undervalued Small Caps

Qwamplify

Market Cap: €10.3m

Engages in the provision of digital marketing solutions in France.

Editel

Market Cap: zł15.1m

Provides electronic data interchange (EDI) solutions, specializing in the optimization of supply chain processes worldwide.

Ihlas Yayin Holding

Market Cap: ₺729.0m

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

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.

Cemat

Market Cap: DKK 207.9m

Develops, operates, and sells properties in Poland.

NeuroOne Medical Technologies

Market Cap: US$27.9m

A medical technology company, provides solutions for continuous electroencephalogram (cEEG) and stereoelectrocencephalography (sEEG) recording in the United States.

Turiya Berhad

Market Cap: RM 45.7m

An investment holding company, engages in the semi-conductor business in Malaysia and Singapore.

Savor

Market Cap: NZ$11.9m

Operates in the hospitality sector in Auckland, New Zealand.

Pharmesis International

Market Cap: S$11.6m

An investment holding company, research, develops, produces, packages, sells, and markets western medicines and traditional Chinese medicine (TCM) formulated products for hospitals and medical institutions in the People’s Republic of China.

Chitose Internasional

Market Cap: Rp168.0b

Manufactures and sells furniture products for hotels, restaurants, offices, schools, hospitals, and homes in Indonesia.

Bhavik Enterprises

Market Cap: ₹3.2b

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

HP Telecom India

Market Cap: ₹3.1b

Engages in the distribution of telecommunications and technology products in India.

Petrolimex Haiphong Transportation and Services JSC

Market Cap: ₫48.4b

Engages in the wholesale of solid, liquid, gaseous fuels, liquefied petroleum gas, gasoline, and petrochemical products in Vietnam.

Elon

Market Cap: SEK 273.4m

Operates a chain of consumer electronics stores in the Nordic countries.

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.

Woodlands Financial Services

Market Cap: US$45.8m

Operates as the financial services holding company for Woodlands Bank and Woodlands Stock Corporation that provides commercial and consumer banking, and trust services in Lycoming and Clinton counties in Pennsylvania.

MakoLab Spólka Akcyjna

Market Cap: zł58.7m

Operates as a digital solutions company in Poland.

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.

Power REIT

Market Cap: US$3.9m

A real-estate investment trust (REIT) that owns real estate related to properties for Controlled Environment Agriculture (greenhouses), Renewable Energy and Transportation.

S.C. Bucur

Market Cap: RON 99.9m

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

Mostostal Plock

Market Cap: zł24.3m

Operates as a mechanical company in Poland.

Hopening

Market Cap: €3.9m

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

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.

Scienjoy Holding

Market Cap: US$39.3m

Engages in the provision of mobile live streaming platforms in the People’s Republic of China.

DLSI

Market Cap: €24.9m

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

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.

Elaia Investment Spain Socimi

Market Cap: €10.5m

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

CLPS Incorporation

Market Cap: US$28.9m

Through its subsidiaries, provides information technology services and solutions in Mainland China, Singapore, Hong Kong, the United States, Japan, India, and internationally.

S.C. Comcm

Market Cap: RON 58.2m

Engages in the manufacture and sale of concrete in Romania.

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.

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.

HigashimaruLtd

Market Cap: JP¥3.9b

Produces and sells compound feed for fish farming and food products in Japan.

Centrum Finansowe

Market Cap: zł48.6m

Provides debt collection services for debtors and creditors in Poland.

Vibrant Group

Market Cap: S$76.3m

An investment holding company, engages in the integrated logistics business in Singapore, Malaysia, China, Rest of Asia, the United States, Oceania, Europe, the Middle East, and internationally.

Song Da Urban Investment Construction and Development

Market Cap: ₫160.0b

Engages in the real estate business in Vietnam.