Global Potentially Undervalued Small Caps

Shree OSFM E-Mobility

Market Cap: ₹814.8m

Engages in vehicle rentals in India.

Winner Group Enterprise

Market Cap: ฿1.3b

Manufactures, imports, and distributes raw materials, ingredients, food chemicals, and consumer products in Thailand.

Hong Kong Finance Group

Market Cap: HK$249.0m

An investment holding company, provides property mortgages and personal loans under the Hong Kong Finance brand in Hong Kong.

Duiba Group

Market Cap: HK$172.3m

An investment holding company, operates as a user management software-as-a-service (SaaS) platform business in Mainland China.

Wai Chi Holdings

Market Cap: HK$180.2m

An investment holding company, manufactures and trades in light-emitting diode (LED) backlight and LED lighting products to business corporations and public utilities in the People’s Republic of China, Hong Kong, Taiwan, and internationally.

Wonik Pne

Market Cap: ₩100.2b

Engages in manufacturing and supplying process automation equipment and degassing facilities for mass production of secondary batteries in South Korea.

Tak Lee Machinery Holdings

Market Cap: HK$280.0m

An investment holding company, engages in the sale and leasing of new and used heavy equipment and spare parts in Hong Kong.

Osung Advanced Materials

Market Cap: ₩86.0b

Engages in the manufacture of plastics products in South Korea.

Redsun Properties Group

Market Cap: HK$80.1m

An investment holding company, operates in the property development and commercial real estate business primarily in the People’s Republic of China.

Hanatour Japan

Market Cap: JP¥9.6b

Provides travel arrangement services in Japan, South Korea, China, and internationally.

Playgram

Market Cap: ₩28.9b

Engages in the maintenance, repair, and operations; and video content businesses in South Korea and internationally.

OKA Corporation Bhd

Market Cap: RM 108.0m

An investment holding company, engages in the manufacturing and selling of pre-cast concrete products for the infrastructure, sewerage, construction, and highway industries in Malaysia.

Ama Marine

Market Cap: ฿2.0b

Engages in the marine transportation business in Thailand, Southeast Asia regions, China, and India.

Kamdhenu Ventures

Market Cap: ₹1.7b

Manufactures and supplies paint products in India.

Public Packages Holdings Berhad

Market Cap: RM 172.0m

An investment holding company, engages in the production and sale of paper packaging products in Malaysia, the Asia Pacific, Europe, the United States, and internationally.

Delaplex

Market Cap: ₹956.6m

Engages in the provision of software development and supply chain consultancy services in India and internationally.

Interlife Holdings

Market Cap: JP¥7.7b

Provides designs, constructs, manages, and maintains commercial facilities and public facilities in Japan.

Grown Up Group Investment Holdings

Market Cap: HK$49.2m

Engages in the designing, developing, sourcing, manufacturing, and selling of bag, luggage, and accessories in Hong Kong, Europe, North America, the People’s Republic of China, the Asia-Pacific, and internationally.

baby calendar

Market Cap: JP¥895.7m

Operates an information site for pregnancy, childbirth, and childcare in Japan.

Nutrition SC

Market Cap: ฿826.7m

Engages in the trading business of chemical and additives for food, feed, medicines, and cosmetics in Thailand.

JG Environmental TechnologyLtd

Market Cap: NT$1.1b

Designs, manufactures, and installs air pollution prevention systems and energy and resource recovery equipment.

E. Bon Holdings

Market Cap: HK$92.7m

An investment holding company, engages in the importing, wholesale, retailing, and installation of architectural builders’ hardware, bathroom, kitchen collections, and furniture in Hong Kong and the People’s Republic of China.

Prime Financial Group

Market Cap: AU$57.6m

Provides wealth management, corporate finance, self-managed superannuation fund (SMSF), accounting and business, and ESG advisory services in Australia.

Sterling Group Holdings

Market Cap: HK$64.7m

An investment holding company, manufactures and trades in apparel products in Hong Kong, the United States, and Europe.

BOSA Technology Holdings

Market Cap: HK$80.8m

An investment holding company, provides mechanical splicing services to the reinforced concrete construction industry in Hong Kong.

Winston Medical Supply

Market Cap: NT$1.2b

Winston Medical Supply Co.,Ltd. develops, manufactures, and distributes pharmaceuticals, nutrition supplements, and cosmeceutical products in Taiwan and internationally.

Green Economy Development

Market Cap: HK$68.4m

An investment holding company, engages in the construction and related activities in Hong Kong and China.

LaKeel

Market Cap: JP¥5.0b

Provides product, consulting, and professional services in Japan.

Ganglong China Property Group

Market Cap: HK$287.1m

An investment holding company, engages in the development of real estate projects in the People’s Republic of China.

Vietnam National Seed Group

Market Cap: ₫1.3t

Engages in the research, development, production, and trading of seeds in Vietnam.

USAS Building System (Shanghai)

Market Cap: HK$488.2m

USAS Building System (Shanghai) Co., Ltd.

Vinacontrol Group

Market Cap: ₫726.6b

Provides inspection and analysis services in Vietnam.

Dynea Pakistan

Market Cap: PK₨6.3b

Manufactures and sells formaldehyde, urea/melamine formaldehyde, and moulding compounds in Pakistan.

Hyfusin Group Holdings

Market Cap: HK$358.2m

An investment holding company, engages in the design, manufacture, and sale of candle products in the Hong Kong, Vietnam, United States, the United Kingdom, and internationally.

Hydro Power - Power No. 3

Market Cap: ₫424.2b

Hydro Power Joint Stock Company - Power No.

Viet Thang

Market Cap: ₫333.9b

Produces and sells cotton, fiber, yarns, fabric, and garment products in Vietnam.