Global Potentially Undervalued Small Caps

SY Dong-ALtd

Market Cap: ₩77.9b

Engages in the production and sale of automotive rubber parts in Korea and internationally.

Riba Textiles

Market Cap: ₹707.2m

Manufactures and sells terry towels, bathmats, and other textile products in North America, Europe, Asia, Oceania, and India and internationally.

Alufluoride

Market Cap: ₹3.4b

Engages in the manufacture and sale of aluminum fluoride and related products for aluminum smelters in India.

Encorp Berhad

Market Cap: RM 38.0m

An investment holding company, provides general management support services in Malaysia.

Era Mandiri Cemerlang

Market Cap: Rp60.0b

Produces and supplies seafood products in Indonesia and internationally.

Sincere

Market Cap: JP¥3.1b

Sincere Co., LTD. manufacture and sells contact lenses in Japan.

CAM Resources Berhad

Market Cap: RM 49.3m

An investment holding company, engages in the manufacture and trading of household products, palm oil milling, and renewable energy businesses in Malaysia, rest of Asia, Africa, and the United States.

HRH Next Services

Market Cap: ₹358.5m

Provides business process outsourcing (BPO) services in India.

PROGRIT

Market Cap: JP¥8.5b

Provides English coaching and subscription-based English learning services in Japan.

Nihonwasou Holdings

Market Cap: JP¥2.5b

Engages in the sales intermediation of Japanese clothing and accessories.

MediNet Group

Market Cap: HK$27.9m

An investment holding company, provides medical and dental solutions to corporations, insurance companies, and individuals in Hong Kong and the People’s Republic of China.

Muscat Gases Company SAOG

Market Cap: ر.ع4.4m

Manufactures, markets, and sells cooking gases in the Sultanate of Oman, Kingdom of Saudi Arabia, Brazil, Russia, China, and the United Arab Emirates.

Basic Energy

Market Cap: ₱1.6b

An investment holding company, engages in the exploration and development of oil and gas properties in the Philippines.

Shenzhen GuoHua Network Security Technology

Market Cap: CN¥365.4m

Shenzhen GuoHua Network Security Technology Co., Ltd.

Sa Giang Import Export

Market Cap: ₫767.7b

Processes food products in Vietnam and internationally.

KD

Market Cap: ₩5.5b

Operates as a real estate development company in South Korea.

SOCResources

Market Cap: ₱188.5m

Through its subsidiaries, engages in the real estate development business in the Philippines.

Italian-Thai Development

Market Cap: ฿1.9b

Engages in the construction business in Thailand, Bangladesh, and internationally.

Index Agro Industries

Market Cap: ৳3.6b

Manufactures and markets poultry feed and fish feed under X Feed and XGoldring brand name in Bangladesh.

HC Surgical Specialists

Market Cap: S$54.4m

An investment holding company, provides medical services primarily in Singapore.

GSI

Market Cap: JP¥2.6b

GSI Co., Ltd. is involved in the software development and maintenance in Japan.

Crown Asia Chemicals

Market Cap: ₱1.1b

Manufactures, imports, buys, sells, wholesales, and retails plastic and synthetic resins and compounds, and other allied related products in the Philippinesand internationally.

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.

Plaintree Systems

Market Cap: US$383.9k

Designs, develops, manufactures, markets, and supports electronic products and specialty structural products in Canada, the United States, 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.

HABA LaboratoriesInc

Market Cap: JP¥6.4b

Manufactures and sells skin care, and hair and body care products in Japan and internationally.