Global Potentially Undervalued Small Caps

Jianpu Technology

Market Cap: US$18.9m

Operates an open financial technology platform under the Rong360 brand in the People’s Republic of China.

Argon Denims

Market Cap: ৳2.6b

Engages in manufacturing, dyeing, and finishing of denim fabrics in Bangladesh and internationally.

TIH

Market Cap: S$49.5m

A private equity firm specializing in M&A, restructuring, joint ventures, turnaround, and special situations investments.

Youngwire

Market Cap: ₩25.6b

Manufactures and sells wire rope products.

Mihika Industries

Market Cap: ₹143.9m

Engages in the trading of commodities and fabrics in India.

LILAMA 10

Market Cap: ₫241.3b

Designs, manufactures, installs, and supplies pre-engineered steel buildings and structures in Vietnam and internationally.

Deep Commerce

Market Cap: ₩26.3b

Through its subsidiaries, engages in the design, production and sale of sports footwear products, and the sale of sportswear products under the Qiuzhi brand in mainland China and internationally.

National Steel Industry

Market Cap: د.أ2.5m

Engages in the production of reinforcement steel bars in Jordan and internationally.

National Gas Company SAOG

Market Cap: ر.ع8.9m

Engages in marketing and sale of liquefied petroleum gas (LPG) in the Sultanate of Oman, other GCC countries, and Asia.

PeterLabs Holdings Berhad

Market Cap: RM 67.4m

An investment holding company, engages in manufacturing, distribution, trading, and export of animal health and nutrition products in Malaysia and internationally.

Hiap Tong

Market Cap: S$34.9m

Engages in the provision of hydraulic lifting and haulage services to the marine, petrochemical, and construction industries in Singapore and Malaysia.

Y&G Corporation Bhd

Market Cap: RM 61.2m

An investment holding company, provides property construction and management services in Malaysia.

Medinex

Market Cap: S$28.3m

An investment holding company, provides professional support services to medical clinics in Singapore.

Exclusive Property REIT-Sofia

Market Cap: €11.8m

n/a

Talex

Market Cap: zł54.3m

Provides IT services in Poland.

Zaklady Urzadzen Kotlowych Staporków

Market Cap: zł29.9m

Zaklady Urzadzen Kotlowych "Staporków" S.A.

Forever Entertainment

Market Cap: zł68.7m

Develops and publishes computer games for consoles and other platforms in Poland and internationally.

Robit Oyj

Market Cap: €27.9m

Provides drilling consumables for surface mining, construction, geotechnical, and well drilling industries in Finland and internationally.

Oneflow

Market Cap: SEK 477.0m

A software company, develops, sells, and implements digital contract management and automation systems in Sweden, Norway and Finland, United Kingdom, France and the Netherlands, and internationally.

SYZYGY

Market Cap: €16.9m

Through its subsidiaries, provides digital media content services in Germany, the United Kingdom, Poland, and the United States.

MIND C.T.I

Market Cap: US$19.2m

Develops, manufactures, markets, sells, and implements billing and customer care software solutions in the Americas, Europe, Israel, the Asia Pacific, and Africa.

Substrate Artificial Inteligence

Market Cap: €5.8m

Engages in the creation and development of artificial intelligence systems in Spain, the United Kingdom, the United States, and Latin America.

Yueda Digital Holding

Market Cap: US$5.1m

Focuses on identifying and evaluating potential partnerships across financial technology and blockchain ecosystems and developing bitcoin and ether treasury framework.

Merko Gida Sanayi ve Ticaret

Market Cap: ₺1.5b

Processes tomatoes in Turkey.

Saccheria F.lli Franceschetti

Market Cap: €11.6m

Produces and markets bags and packaging products in Italy.

Giocamondo Study

Market Cap: €17.0m

Provides tour operator services.

Valtecne

Market Cap: €52.8m

Manufactures and sells precision mechanical components in Italy.

Calvert International

Market Cap: €1.1m

Provides legal, taxation, and business advisory services company in Germany, South Africa, Mauritius, and internationally.

Sláturfélags Suðurlands svf

Market Cap: ISK 1.7b

Engages in the abattoir, meat processing, and import and export businesses in Iceland and internationally.

Petrolia

Market Cap: NOK 366.0m

Engages in the rental and sale of energy service equipment to energy industry in Norway, rest of Europe, Asia, and Australia.

Deufol

Market Cap: €36.2m

Provides packaging and supplementary services in Germany, rest of Europe, the United States, and internationally.

Orchard Funding Group

Market Cap: UK£12.4m

Through its subsidiaries, offers insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom.

Netgem

Market Cap: €27.5m

Develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe.

Ifirma

Market Cap: zł154.6m

IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities.

ENEFI Vagyonkezelo Nyrt

Market Cap: Ft2.0b

Engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania.

Biohit Oyj

Market Cap: €38.5m

A biotechnology company, manufactures and sells bind acetaldehyde, diagnostic products, and systems for diagnostic analysis for the use of research institutions, healthcare, and industry worldwide.